Knack Packaging IPO Day 2: GMP indicates 16% listing gain; issue sees strong demand. Should you subscribe?

Knack Packaging's IPO is attracting significant investor attention, with its shares trading at a 16% premium in the grey market. The public issue, which closes on July 3, has seen strong subscription rates, particularly from retail investors. The company plans to use the funds to expand its manufacturing capabilities. Brokerages recommend subscribing for the long term, citing the company's integrated operations and export strength.

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