Knack Packaging IPO Day 2: Issue subscribed 2.60x so far. Check GMP, key dates, review. Apply or not?

Knack Packaging IPO was subscribed 2.60 times on Day 2 of bidding, with the issue closing on 3 July. The price band is fixed at ₹161-170 per share, and the grey market premium stood at ₹26, indicating an estimated listing price of around ₹196, about 15.29% above the upper price band. The company raised ₹131.25 crore from anchor investors ahead of the issue, and brokerages including Nirmal Bang, Swastika Investmart, and Anand Rathi have all recommended subscribing to the IPO.