Knack Packaging's Rs 439.5-crore initial public offering attracted heavy investor interest. The issue reached 83 times subscription by the close of bidding.
Bidding for the IPO wrapped up after three days. Demand was particularly high from qualified institutional buyers.
The grey market premium pointed to a possible 17 percent gain on listing. Brokerages including Choice Broking and Anand Rathi advised investors to participate for the longer term.
Details on the final subscription level showed some variation across reports, with one figure at 73 times on the last day alone.
