Summary of this article
The allotment status will be finalized on July 6.
Investors can check allocation via registrar MUFG Intime India.
The company's equity shares will list on July 8.
Knack Packaging's initial public offering (IPO) subscription window closed on July 3. The integrated packaging solutions provider saw decent investor interest during its three-day bidding period. Following the closing of the bidding window, the share allotment status for the Knack Packaging IPO is scheduled to be finalised on July 6.
Knack Packaging IPO Offer Details
Knack Packaging IPO’s offer size includes a fresh issue of 22.4 million shares and an offer for sale of 3.5 million shares.The company is maker of Printed and Laminated Woven Polypropylene (PLWPP) bags.
Knack Packaging IPO GMP
Knack Packaging shares traded with a grey market premium (GMP) hovering around Rs 26.5 per share, according to websites which monitor the demand for unlisted shares. Based on these grey market trends, shares of Knack Packaging are expected to list at approximately Rs 196.5 per share this week, offering a premium of roughly 15.59 per cent over the upper end of the price band.
Knack Packaging IPO Subscription Details
Knack Packaging IPO was booked 83.33 times in its three day bidding window. Investors cumulatively applied for 1,58,02,78,040 shares compared to the 1,89,64,018 shares offered for subscription. Employees of the company booked their quota 9.27 times. Retail and Non-Institutional Investors (NIIs) booked their quota 20.07 times and 139.81 times respectively. Qualified Institutional Bidders (QIBs) booked their quota 154.34 times.
Knack Packaging IPO Allotment
Investors who applied for the Knack Packaging IPO can check their share allotment status through the official registrar, MUFG Intime India , or via the official BSE and NSE portals once the basis of allotment is finalised.
Steps To Check Knack Packaging IPO Allotment on NSE
Head to the official NSE tracking page for IPO bids: nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select "Equity" under the issue type.
Find and select "Knack Packaging" from the drop-down list.
Enter your PAN and IPO application number.
Click the Submit button to see your allotment status.
How To See Knack Packaging IPO Allotment Status On BSE Website
Head to the BSE investor application status portal: bseindia.com/investors/appli_check.aspx
Select the "Equity" button.
Pick "Knack Packaging" from the available active issues menu.
Type in the PAN number used for the application or your application number.
Click "Search" to see the share allocation status.
Steps To Check Knack Packaging IPO Share Status On Registrar’s Website:
Head to the official allotment page of MUFG Intime India: in.mpms.mufg.com/Initial_Offer/public-issues.html
Select "Knack Packaging Limited" from the "Select Company" list.
Choose which credential to search the allocation by:
Application Number, DP/Client ID, Account No / IFSC, or PAN.Type in the details into the text box.
Click the "Submit" button to view your exact share allocation.
Knack Packaging IPO Details
Knack Packaging IPO is a book-built issue worth Rs 439.50 crore. The price band for the issue was fixed between Rs 161 and Rs 170 per share. Retail investors were required to bid for a minimum lot size of 88 shares, requiring a minimum investment of Rs 14,960.
Knack Packaging IPO Listing Date
The basis of allotment for the Knack Packaging IPO is scheduled to be finalised on Monday, July 6. The initiation of refunds and the credit of shares to successful investors' demat accounts will take place on Tuesday, July 7. Knack Packaging shares are set to make their stock market debut on both the NSE and BSE on Wednesday, July 8.
