Knack Packaging Ltd. makes a strong debut on the bourses with scrip got listed at Rs 186.00 on the Bombay Stock Exchange, a 9.41 per cent premium to its issue price of Rs 170.00. On the National Stock Exchange, the stock was listed at Rs 188.00.

The company, which raised 2.59 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 258.53 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jul 01 to Jul 03.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Systematix Corporate Services Ltd.,IDBI Capital Markets & Securities Limited,Pantomath Capital Advisors Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 78,180.72, down 104.35 points, or 0.13 per cent.