Overview

• The IPO opened for public subscription on August 7 and will close on August 11, with share allotment scheduled for August 12.
• All Time Plastics secured Rs 120 crore from anchor investors by allotting 43.6 lakh shares at the upper price band of Rs 275 apiece.
• The offering consists of a fresh issue of 1.02 crore shares worth Rs 280 crore and an offer-for-sale of 44 lakh shares totalling Rs 120.6 crore.
• The grey market premium stood at nil as of August 6, signalling no expected listing gains above the IPO’s upper price band.
• Net proceeds will be used to repay borrowings, expand capacity at the Manekpur plant, automate the warehouse and meet general corporate needs.