New Delhi, July 8 -- The shares of Knack Packaging made a strong listing in the Indian stock market on Wednesday, 8 July. Knack Packaging share price listed at a 10.59% premium over the IPO price of Rs.170.

Knack Packaging share price opened at Rs.188 on NSE and Rs.186 on BSE (premium of 9.41%). This means that the IPO allottees made a gain of over 10% on the Knack Packaging IPO listing.

The listing of the Knack Packaging IPO exceeded market expectations. The GMP of Knack Packaging IPO was Rs.9, signalling an estimated listing price of Rs.179, which is 5.29% higher than the IPO price.

The Knack Packaging IPO was open for subscription from July 1 to July 3, with the basis of allotment finalised on July 6. The company's shares are schedu...