All Time Plastics Makes Strong Stock Market Debut

All Time Plastics, a prominent player in the plastics industry, made a robust debut on the stock market today, with its shares listing at a premium to the initial public offering (IPO) price.

Listing Details

The company's shares opened at Rs 314.00 per share on the stock exchange, marking a significant 14.18% premium over the IPO price of Rs 275.00 per share. This strong listing reflects positive investor sentiment and market confidence in All Time Plastics' business prospects.

IPO Highlights

All Time Plastics had set its IPO price at Rs 275.00 per share. The listing price of Rs 314.00 represents a gain of Rs 39.00 per share for investors who were allotted shares in the IPO.

Market Response

The impressive listing suggests that investors are optimistic about All Time Plastics' future in the competitive plastics industry. The company's market debut has been closely watched by market participants, given the current economic climate and investor interest in new listings.

Company Overview

All Time Plastics is known for its presence in the plastics sector, though specific details about its product range and market position were not immediately available. The successful listing indicates that the company has managed to attract investor interest despite potential challenges in the industry.

Investor Outlook

For investors who participated in the IPO, the listing represents an immediate paper gain. However, as with all new listings, the stock's performance in the coming days and weeks will be crucial in determining its long-term trajectory.

Market analysts will be closely monitoring the stock's performance and the company's future announcements to gauge its potential for growth and profitability in the competitive plastics market.

Note: Investors are advised to conduct their own research and consult financial advisors before making investment decisions.

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.