Indian benchmark indices witnessed a broad-based sell-off on July 8, 2026, with the Nifty 50 and Sensex declining more than 2% as renewed US-Iran tensions, soaring crude oil prices, a weaker rupee, and rising market volatility dented investor sentiment. Banking and financial stocks led the decline, while most sectoral indices ended deep in the red amid growing geopolitical uncertainty.
Knack Packaging made a solid stock market debut, listing at ₹188 against its IPO price of ₹170, delivering a 10.6% gain to investors. While the listing reflects confidence in the company's fundamentals, the stock continues to trade below the valuation of listed peers. Here's what the listing means, whether the stock is still fairly valued, and the key factors investors should monitor going forward.
Knack Packaging IPO GMP has surged to ₹35 on the final day of subscription, indicating an estimated listing price of ₹205 and a potential gain of over 20%.
The Indian stock market extended its gains on July 2, 2026, with the Nifty closing at 24,175.70 and the Sensex rising 579 points. A strong rebound in IT stocks, lower Brent crude prices, easing US-Iran tensions, a stronger rupee, and lower India VIX boosted investor confidence, while Realty, Auto, Chemicals, Cement, and Consumer Durables also ended in positive territory.
Knack Packaging IPO worth ₹439.50 crore opens on July 1, 2026, with strong financial growth, global presence, and moderate GMP indicating expected listing gains of 10–16%.
The company's sales for the quarter climbed by 12% (year on year) to ₹20,284 Lacs, while EBITDA jumped by 110% to ₹4,102 Lacs.
The company will list on the stock exchanges NSE and BSE on Thursday, January 12.
The company is raising Rs 66.3 crore from the offer by issuing fresh equity shares at the price band of Rs 61-65 per share.
The company's shares are expected to list on leading stock exchanges BSE and NSE on Thursday, January 12, 2023.
The offer will close on January 4 and the price band has been fixed at Rs 61-65 per share.
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