All Time Plastics' IPO to open on Aug 7; sets price band at Rs 260-275/share
ADVERTISEMENT The initial share-sale will be open for public subscription on August 7 and conclude on August 11, the company announced.
At the upper-end of the price band, the company is valued over Rs 1,800 crore.
The IPO is a combination of fresh issuance of equity shares worth up to Rs 280 crore by the company, and an offer-for-sale of over 43.8 lakh equity shares valued Rs 120.6 crore, at the upper-end of the price band, by promoters. This takes the total issue size to Rs 401 crore.
The company plans to utilise funds raised from fresh issuance for acquiring machinery for its Manekpur plant in Gujarat, payment of debt, general corporate purposes and other expansion efforts. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per for non-institutional investors.
ADVERTISEMENT
All Time Plastics has 14 years' experience of manufacturing plastic consumerware products for everyday household needs. It primarily exports products to retailers in the European Union, the UK, and the US. In India, it sells through modern trade retailers, super distributors (who supply to distributors), and distributors (who supply to general trade stores).
Intensive Fiscal Services and DAM Capital Advisors are the merchant bankers for All Time Plastics' public issue. The company is expected to list on the stock exchanges on August 14.
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
6 minutes ago
- Economic Times
Raymond Realty shares in focus after Q1 profit more than doubles
Shares of Raymond Realty are likely to be in focus on Wednesday after the company reported a 121.8% year-on-year (YoY) surge in consolidated net profit for the first quarter of FY26, rising to Rs 16.5 crore from Rs 7.4 crore in Q1FY25. ADVERTISEMENT In its first earnings report since the demerger from Raymond on May 1, the company posted consolidated revenue of Rs 374.4 crore, up 188.7% YoY. However, on a like-to-like basis (post-demerger), revenue declined 23% YoY, while EBITDA dropped 39% YoY to Rs 41 crore. Explaining the dip, Managing Director Harmohan Sahni told Business Standard, 'We had done a bumper Q3 and Q4 last year and were low on inventory in Q1. Demand was strong, but we didn't have enough inventory to sell. We had to rush to get approvals for fresh launches.' Booking value stood at Rs 306 crore in Q1FY26, down from Rs 611 crore a year ago. Collections also declined to Rs 374 crore from Rs 483 crore in the same period. However, Sahni said pricing remained firm, with realisations up 5% Realty's current real estate portfolio has a potential revenue of Rs 40,000 crore, including Rs 25,000 crore from a 100-acre land parcel in Thane. The company is also developing six joint development agreement (JDA) projects with a revenue potential of Rs 14,000 crore. Also Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1 ADVERTISEMENT Raymond Realty shares technical indicators On the technical side, the stock's relative strength index (RSI) is at 31.9, indicating it is nearing the oversold zone. It is trading above its 5-day and 10-day simple moving averages but below the 20-day average. ADVERTISEMENT Raymond Realty share price performance Shares of Raymond Realty closed 4.4% higher at Rs 725.6 on Tuesday, even as the Sensex fell 0.38%. The stock is down 4% over the past two weeks and 22% in the last month. Market capitalisation stands at Rs 4,830 crore. Also Read: These 10 stocks delivered consistent dividend yields over the last 3 years ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
6 minutes ago
- Economic Times
Britannia Industries shares in focus after Q1 PAT edges up 2% YoY
Britannia witnessed double-digit growth across its four key focus states and in bakery categories like rusk, wafers, and croissants. Britannia Industries reported a modest 2% YoY increase in PAT for Q1 FY26, reaching Rs 521 crore, with revenue up 9% to Rs 4,622 crore. Executive Vice-Chairman Varun Berry attributed the 10% sales growth to focused execution and efficiency improvements. The company experienced double-digit growth in key states and bakery categories, supported by improving consumption trends. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Britannia Industries are expected to remain in focus on Wednesday after the FMCG major reported a modest 2% year-on-year (YoY) growth in profit after tax (PAT) for the first quarter of FY26. The company posted a consolidated net profit of Rs 521 crore, up from Rs 506 crore in Q1 revenue from operations during the quarter came in at Rs 4,622 crore, registering a 9% YoY growth as against Rs 4,250 crore in the same quarter last a sequential basis, however, PAT was down 7% from Rs 560 crore in Q4 FY25, despite a 4% QoQ rise in revenue from Rs 4,432 crore in the preceding on the performance, Executive Vice-Chairman and CEO Varun Berry highlighted the success of Britannia's focused execution strategy, which involved extracting greater value from existing retail outlets, agile servicing of key stores, and efficiency improvements across the distribution network. These measures, Berry said, contributed to a 10% sales company witnessed double-digit growth across its four key focus states and in bakery categories like rusk, wafers, and croissants. A marginal improvement in consumption, both in urban and rural markets, supported by moderating inflation, also contributed to the company's return to double-digit growth after a few muted the expense front, total costs surged to Rs 3,973 crore, up from Rs 3,600 crore in Q1 FY25 and Rs 3,739 crore in Q4 FY25. The cost of materials consumed was Rs 2,551 crore, marking a 15% YoY and 4.5% QoQ costs fell slightly to Rs 26 crore, while profit before tax stood at Rs 701 crore, compared to Rs 681 crore in Q1 FY25 and Rs 752 crore in Q4 shares, on Tuesday, closed 2.7% lower at Rs 5,631.35 on the read: Jane Street guys are brilliant mathematicians, but we can have PhDs too: Sebi chief (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
14 minutes ago
- Time of India
Stock market today: Nifty50 opens flat; BSE Sensex near 80,700 ahead of RBI policy decision
Stock market today: Indian equity benchmark indices, and , opened in flat in trade on Wednesday ahead of the RBI monetary policy review decision. While Nifty50 was near 24,650, BSE Sensex was flat at around 80,700. Tired of too many ads? go ad free now At 9:16 AM, Nifty50 was trading at 24,643.20, down 6 points or 0.026%. BSE Sensex was at 80,723.59, up 13 points or 0.017%. Market experts anticipate sideways trading, with attention focused on the Reserve Bank of India's monetary policy announcement, where rates are likely to remain unchanged. US equities finished lower on Tuesday as market participants assessed tariff implications, with companies like Yum Brands highlighting trade duty impacts in their reports. Asian equities showed mixed performance at opening, influenced by soft US services data creating uncertainty about Federal Reserve's strategy. Gold prices rose for the fifth consecutive session on Wednesday, driven by potential US interest rate cuts, as market participants await President Donald Trump's announcement regarding Federal Reserve appointments. Foreign portfolio investors sold shares worth Rs 22 crore net on Tuesday. Domestic institutional investors were net purchasers, investing Rs 3,840 crore. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India) Stay informed with the latest business news, updates on bank holidays and public holidays.
