Branch2 Intelligence
Knack Packaging IPO Day 3: Issue subscribed 8.34x so far; GMP signals 17% listing gain. Is it worth subscribing?
Key takeaway
Knack Packaging IPO subscribed 8.34x on day 3, driven by strong NII demand.
- Step 11st-order: Knack Packaging IPO subscribed 8.34x with strong NII demand and 17% GMP.
- Step 22nd-order: Successful IPO provides capital for capacity expansion and working capital, improving operational scale.
- Step 33rd-order: Enhanced scale and market presence may lead to improved pricing power and margin expansion in the packaging segment.
Source: Economic Times (Markets)
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