New Delhi, July 2 -- The Knack Packaging IPO, which opened for subscription on Wednesday, 1 July, is currently on Day 2 of bidding and will close on Friday, 3 July. Ahead of the issue opening, the packaging solutions provider raised Rs.131.25 crore from anchor investors.

The Knack Packaging IPO price band has been fixed at Rs.161-170 per equity share with a face value of Rs.10. The IPO lot size is 88 equity shares, and applications can be made in multiples of 88 shares thereafter.

The issue has reserved up to 50% of the net offer for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and at least 35% for retail investors.

Following the closure of the issue, the basis of allotment is expected to ...