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All Time Plastics Jumps 14% in Debut as JSW Cement Readies Muted IPO Listing

An 8.34-times subscription propelled All Time Plastics to open at Rs 314.30 on the BSE, a Rs 39.30 gain over its Rs 275 IPO price.

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JSW Cement vs All Time Plastics IPOs: Who will win listing day race; check latest GMP

Overview

  • All Time Plastics raised Rs 400.60 crore via a Rs 280 crore fresh issue and a Rs 120.6 crore offer-for-sale backed by upper-band anchor allocations.
  • The IPO saw 8.34-times overall subscription, with qualified institutional buyers at 10.15 times, non-institutional investors at 13.47 times, retail at 5.14 times and employees at 7.82 times.
  • Retail investors gained Rs 2,122.20 on a 54-share lot while high-net-worth investors earned Rs 29,710.80 on 756 shares when All Time Plastics debuted.
  • JSW Cement’s Rs 3,600 crore IPO secured 7.77-times subscription and drew a Rs 4–6 grey-market premium that implied a 3–4% listing gain.
  • All Time Plastics will use the IPO proceeds to repay debt, expand capacity at its Manekpur plant and automate its warehouses.