The Knack Packaging IPO has demonstrated exceptional investor confidence on its second day of subscription, achieving 3.84 times oversubscription with strong participation across all investor categories. According to latest NSE data, the issue received bids for 7.39 crore shares against 1.89 crore shares on offer as of 12 p.m. on Thursday. The non-institutional investors' portion led with 8.52 times subscription, followed by Qualified Institutional Buyers (QIBs) at 3.17 times, while retail investors subscribed 2.35 times. This builds upon the 2.60 times subscription recorded on the first day of bidding on Wednesday, with the issue now booked 4 times overall.
The ₹439.5 crore IPO consists of a fresh issue of equity shares worth up to ₹380 crore and an offer for sale of up to 35 lakh equity shares, valued at about ₹59.5 crore, by existing shareholders. The IPO is priced at ₹161-170 per share with a lot size of 88 shares, requiring minimum investment of ₹14,960. The proceeds from the fresh issue will be utilized for setting up a new manufacturing facility at Borisana, Kadi in Gujarat's Mehsana district, while the remaining funds will be used for general corporate purposes. The allotment for the Knack Packaging IPO is expected to be finalized on July 6, with shares scheduled to list on both National Stock Exchange and BSE on July 8.
The Knack Packaging IPO raised ₹131.25 crore from anchor investors before the public issue opened, indicating strong institutional confidence. Headquartered in Ahmedabad, Knack Packaging is an integrated, innovation-driven and export-oriented packaging solutions provider. The company manufactures customised Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP pinch bottom bags, catering to various sectors including food products and pet foods. The company's shares are proposed to be listed on the BSE and NSE on July 8, providing investors with a clear timeline for market debut.
The Advit Jewels IPO has emerged as one of the biggest subscription successes this month, achieving 212.48 times oversubscription. As reported by Goodreturns, the jewellery maker's public issue was priced at ₹130-138 per share with lot size of 100 shares, resulting in total issue size of ₹165.16 crore. The Advit Jewels IPO allotment is expected around June 30, with listing scheduled for July 1 on both BSE and NSE. The company's shares are expected to make their stock market debut on the same day.
Sampark India Logistics Ltd. IPO is currently open for subscription from June 30 to July 2, 2026, with a total issue size of ₹27.22 crore priced at ₹80-84 per share. The minimum investment required is ₹1,34,400 with a lot size of 1,600 shares. The company, established in 2012, operates as a carrying and forwarding agent in the logistics sector and achieved a fleet milestone with 67 owned vehicles as of 2025. The IPO is scheduled to list on July 7, 2026, with the company's revenue growing from ₹182.63 crore in FY2024 to ₹201.62 crore in FY2025.
