All Time Plastics Ltd., a manufacturer of plastic consumer products for household use, has successfully concluded its Initial Public Offering (IPO) with strong investor interest. The company finalized its IPO share allotment on August 12, following an impressive 8.34 times oversubscription.

IPO Details and Subscription Status

The ₹400.60-crore IPO garnered substantial attention from various investor categories:

The offering received bids for over 8.79 crore shares against the 1.05 crore shares on offer, highlighting strong demand across all investor segments.

Offer Structure and Fund Utilization

The IPO comprised two components:

1. A fresh issue of 1.01 crore shares, raising ₹280 crore
2. An offer-for-sale (OFS) of 43.85 lakh shares, amounting to ₹120.60 crore

The funds raised through this IPO will be allocated for:

• Acquiring machinery for the Manekpur plant in Gujarat
• Repayment of debt
• General corporate purposes

Allotment and Listing Details

Investors can check their allotment status through the BSE, NSE, and Kfin Technologies websites. Key dates for investors to note:

• Refund Initiation: Expected on August 13
• Share Transfer to Demat Accounts: Expected on August 13
• Listing Date: Scheduled for August 14 on both NSE and BSE

Company Profile

All Time Plastics Ltd. specializes in manufacturing plastic consumer products for household use. The company has a strong export focus, with its primary markets being:

• European Union
• United Kingdom
• United States

This successful IPO marks a significant milestone for All Time Plastics, potentially providing the company with the capital needed for expansion and debt reduction. Investors and market watchers will be keenly observing the stock's performance as it makes its debut on the Indian stock exchanges.

All Time Plastics Ltd., a prominent plastic houseware manufacturer, concluded its Initial Public Offering (IPO) on a high note, with the issue being oversubscribed 1.57 times on the final day of bidding. The Rs 400.6 crore IPO, which saw a gradual increase in investor interest over its subscription period, closed with strong participation across various investor categories.

Subscription Details

The book-built issue, comprising a fresh issue of 1.02 crore shares worth Rs 280 crore and an offer for sale of 44 lakh shares amounting to Rs 120.6 crore, witnessed varied response from different investor segments:

The subscription trend showed a significant uptick over the three-day bidding period, rising from 0.29 times on day one to 1.02 times on day two, before closing at 1.57 times on the final day.

Grey Market Premium

The grey market is showing positive sentiment towards the All Time Plastics IPO. The current grey market premium stands at Rs 7, suggesting a potential listing gain of 2.55%. Based on this premium, the implied listing price is estimated at Rs 282.

Company Profile and IPO Utilization

All Time Plastics Ltd. has established itself as a significant player in the plastic houseware industry, with a notable clientele that includes Swedish furniture giant Ikea. The company operates through two main channels:

1. B2B supply to major retailers
2. Direct consumer sales under the All Time Branded Products label

The company plans to utilize the IPO proceeds primarily for debt repayment and general corporate purposes, which could potentially strengthen its financial position and support future growth initiatives.

Investor Interest

The strong oversubscription, particularly in the retail and employee categories, indicates robust investor confidence in All Time Plastics' business model and growth prospects. The company's established relationship with major clients like Ikea and its dual-channel approach in both B2B and B2C segments appear to have resonated well with investors.

As the market awaits the listing of All Time Plastics shares, the positive grey market premium suggests optimism among investors. However, it's important to note that grey market premiums are unofficial and may not always accurately predict listing day performance.