Knack Packaging IPO: Day 2 bids jump to 7.21x on Jul 2

What the Day 2 subscription numbers show

Knack Packaging’s IPO subscription built sharply on Day 2, as demand from non-institutional investors (NIIs) accelerated. As per data reported for 02 Jul, 2026 (11:30 IST), the issue was subscribed 7.21x overall. The same data set showed QIBs (ex-anchors) at 3.48x, RIIs at 4.23x, and NIIs at 19.22x. A separate update later in the day stated the overall subscription at 7.56x as of Jul 02, 2026 17:07, with category figures also slightly higher at that timestamp.

The IPO opened on Jul 01, 2026 and is scheduled to close on Jul 03, 2026. Knack Packaging is set to list on the NSE and BSE mainboard, based on the schedule shared in the subscription updates.

Subscription snapshot as of July 2 (11:30 IST)

The most widely repeated Day 2 snapshot in the provided data pegs the issue at 7.21x overall subscription by 11:30 IST on Jul 02, 2026. NIIs were the strongest category in this reading, while QIB and retail interest was also ahead of Day 1.

Day-wise trend: from 2.6x to 7.21x

Day-wise data shows a clear step-up between the first two days of bidding. On Day 1 (01 Jul 2026), total subscription was reported at 2.6x, with QIBs (ex-anchors) at 3.15x, NIIs at 4.89x, and RIIs at 1.31x. On Day 2 (02 Jul 2026), the total rose to 7.21x, driven primarily by the jump in the NII book to 19.22x.

This pattern is consistent with the broader commentary embedded in the feed that the demand was “strong” across categories, while still showing the most aggressive bidding from the non-institutional segment.

NII demand stands out across multiple updates

Across the provided trackers, NII demand remains the standout feature of the book. One table in the data set reported the NII category at 8.07x by July 2, 2026 11:19:03 AM (Day 2), alongside retail at 2.23x and QIB (ex-anchor) at 3.28x, with an overall subscription of 3.78x at that time. Another “live subscription details” section listed NIIs at 52.93x, with a breakdown of bHNI 57.61x and sHNI 43.56x, and overall subscription shown as 19.00x.

The same data bundle also contains a later, more granular category table stating HNI subscription at 69.77x, and Total subscription at 23.32x, along with offered and applied share counts and category-wise “amount raised” figures. Since these numbers appear with different timestamps and contexts, they should be read as snapshots from different points in the bidding window or different trackers.

Shares on offer and allocation mix

Knack Packaging IPO is stated to offer 25,852,941 shares. Another allocation split in the data notes:

• 5,147,059 shares (19.909%) to QIB
• 3,860,294 shares (14.9317%) to NII
• 9,007,353 shares (34.8407%) to RII
• 30.32% to Others

Separately, the “Issue Reservation” section reiterates the broad regulatory-style limits: QIB not more than 50%, Retail not less than 35%, and NII not less than 15% of the Net Offer. These disclosures help explain why retail and NII demand often gets tracked closely, because category caps shape how oversubscription translates into allotment.

Key dates: bidding, allotment, listing

The schedule included in the subscription feed lists the following milestones:

Price band, lot size, and minimum application

The price band is stated as ₹161 to ₹170 per share. The retail minimum application is shown as 1 lot of 88 shares, with an investment amount of ₹14,960.

For NIIs, the data includes lot-size based investment examples:

• sNII: 14 lots (1,232 shares) amounting to ₹2,09,440
• bNII: 67 lots (5,896 shares) amounting to ₹10,02,320

The reservation definitions are also stated: RII up to ₹2 lakhs, sNII ₹2 lakhs to ₹10 lakhs, and bNII above ₹10 lakhs.

Grey Market Premium data point (as provided)

The feed states that as of June 24, 2026, the Grey Market Premium (GMP) was around ₹13. It also notes an implied “tentative listing price” of ₹183 versus the upper band price of ₹170, based on that GMP snapshot.

GMP is an informal indicator and not an official market, but it is often tracked alongside subscription because both signal sentiment during the offer period.

What oversubscription means for allotment

The provided text explains oversubscription as a situation where the shares applied for exceed the shares offered. In such cases, shares are allotted through a lottery (commonly used in oversubscribed retail portions) or on a proportionate basis depending on category rules.

With category subscription figures such as NII at 19.22x (and higher in other live snapshots), investors typically track the final day data closely because the allotment math depends on final bids received before the issue closes on Jul 03, 2026.

Company contact details (as published in the feed)

The company address and contact details included in the subscription content are:

• Knack Packaging Ltd.
• 330/A, Kalasagar Shopping Hub, Opp Saibaba Temple, Satadhar Cross Road, Ghatlodiya, Ahmedabad, Gujarat - 380061
• Email: compliance@knackpackaging.com
• Website: www.knackpackaging.com

The feed also lists an IPO email contact: knackpackaging.ipo@in.mpms.mufg.com.

Conclusion

By Day 2, Knack Packaging’s IPO saw a visible jump in demand, with total subscription moving from 2.6x on Day 1 to 7.21x by 11:30 IST on Jul 2, led by strong NII participation. The issue remains open until Jul 03, 2026, with allotment expected on Jul 06, 2026 and a tentative listing on Jul 08, 2026 on the NSE and BSE mainboard, as per the schedule provided.