Vibhav Manish Chokhani Acquires 0.53% Stake in All Time Plastics for Rs 10 Crore
Vibhav Manish Chokhani has purchased 3.5 lakh shares of All Time Plastics Ltd. for Rs 10.00 crore, acquiring a 0.53% stake at Rs 287.11 per share. This investment follows All Time Plastics' recent IPO, which was oversubscribed 8.62 times and raised Rs 400.60 crore. The company's shares listed at a 14% premium to the IPO price of Rs 275.00, opening at Rs 311.30 on NSE and Rs 314.30 on BSE. All Time Plastics, a manufacturer of plastic houseware products, counts Ikea among its notable clients.

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In a significant move following its recent initial public offering (IPO), All Time Plastics Ltd. has seen a notable investment from Vibhav Manish Chokhani. The investor has purchased a substantial stake in the company, marking a vote of confidence in the newly listed plastic houseware manufacturer.
Key Details of the Acquisition
Detail | Value |
---|---|
Investor | Vibhav Manish Chokhani |
Shares Acquired | 3.5 lakh shares |
Total Investment | Rs 10.00 crore |
Price per Share | Rs 287.11 |
Stake Acquired | 0.53% |
This acquisition comes on the heels of All Time Plastics' successful debut on the stock market, where it witnessed a strong response from investors.
All Time Plastics' Recent IPO Performance
The company's initial public offering showcased robust demand across various investor categories:
Metric | Value |
---|---|
Listing Premium | 14% over IPO price |
IPO Price | Rs 275.00 per share |
Opening Price (NSE) | Rs 311.30 |
Opening Price (BSE) | Rs 314.30 |
Total Funds Raised | Rs 400.60 crore |
Overall Subscription | 8.62 times oversubscribed |
Investor Interest Breakdown
The IPO garnered significant interest from different segments of investors:
Investor Category | Subscription Rate |
---|---|
Non-Institutional Buyers | 14.00 times oversubscribed |
Qualified Institutions | 10.30 times oversubscribed |
Company Profile
All Time Plastics Ltd. specializes in manufacturing plastic houseware products. The company has established itself as a notable player in the industry, with a diverse product portfolio catering to both domestic and international markets.
Notable Client
One of All Time Plastics' major clients is Swedish furniture giant Ikea, highlighting the company's ability to meet international quality standards and secure partnerships with global brands.
The recent investment by Vibhav Manish Chokhani, coupled with the strong market debut, suggests a positive outlook for All Time Plastics. As the company moves forward post-IPO, investors and industry watchers will likely keep a close eye on its performance and growth strategies in the competitive plastic houseware sector.