Knack Packaging IPO Day 2: Issue subscribed 7.21x so far. Check GMP, key dates, review. Apply or not?

Knack Packaging's IPO was subscribed 7.21 times on Day 2 of bidding, with the issue closing on 3 July 2026. The price band is set at Rs 161-170 per share, and the grey market premium stands at Rs 28, implying an estimated listing price of around Rs 198, about 16.47% above the issue price of Rs 170. The company had raised Rs 131.25 crore from anchor investors ahead of the issue, and brokerages including Nirmal Bang, Swastika Investmart, and Anand Rathi Research have recommended subscribing to the issue, citing reasonable valuations and an integrated business model.