Knack Packaging IPO opens today: GMP jumps! Price, subscription status to review. Apply or not?

Knack Packaging Ltd launched its ₹439 crore IPO on 1 July 2026, with bidding closing on 3 July. The price band is set at ₹161 to ₹170 per share, comprising fresh shares worth up to ₹380 crore and an Offer for Sale. Shares are commanding a grey market premium of about ₹15, and both Anand Rathi and Choice Broking have assigned a 'Subscribe for Long Term' rating, citing the company's flexible packaging demand, export presence, and capacity expansion plans.