Latest news with #KaileshPunamchandShah
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Last day! All Time Plastics IPO closes today; subscription rises 4x, GMP 2%
All Time Plastics IPO Day 3 update: The three-day subscription window to bid for the initial public offering (IPO) of plastic houseware products company All Time Plastics is set to conclude today, August 11, 2025. The ₹400.6 crore issue, which opened for subscription on Thursday, August 7, has received a muted response from investors so far. According to data from the National Stock Exchange (NSE), the All Time Plastics IPO received bids for 42.05 million equity shares against 10.54 million shares on offer as of 2:30 PM on Monday. This reflects an oversubscription of only 4 times. Among the individual categories, non-institutional investors (NIIs) placed the highest number of bids, oversubscribing their reserved category by 5.77 times. This was followed by retail investors, who bid 3.76 times. The qualified institutional buyer's quota was booked 3.15 times per cent. All Time Plastics IPO GMP According to the sources tracking unofficial markets, All Time Plastics shares were trading at around 282, reflecting a grey market premium (GMP) of ₹7 or 2.55 per cent over the upper end of the price band of ₹260 to ₹275. All Time Plastics IPO details The public offering of All Time Plastics comprises a combination of a fresh issue of 10.2 million equity shares worth ₹280 crore and an offer for sale (OFS) of 4.4 million shares worth ₹120.6 crore. Kailesh Punamchand Shah, Bhupesh Punamchand Shah, and Nilesh Punamchand Shah are the promoter selling shareholders. The IPO is priced in the range of ₹260-275 per share, with a lot size of 54 shares. Investors can bid for a minimum of 54 shares and in multiples thereof. A retail investor would need a minimum of ₹14,850 to bid for one lot at the upper end price. The maximum limit for retail investors is 13 lots (702 shares), amounting to an investment of ₹1,93,050. As the subscription window concludes today, the basis of allotment for All Time Plastics IPO shares is likely to be finalised on Tuesday, August 12, 2025. The successful allottees will receive the company's shares in their demat accounts by Wednesday, August 13, 2025. All Time Plastics shares are slated to list on the NSE and BSE, tentatively on Thursday, August 14, 2025. Kfin Technologies is the registrar of the issue. Intensive Fiscal Services and DAM Capital Advisors are the book-running lead managers. According to the red herring prospectus (RHP), the company proposes to utilise the net fresh issue proceeds for prepayment or repayment of debt, purchase of equipment and machinery for the Manekpur facility and general corporate purposes.
Business Standard
6 days ago
- Business
- Business Standard
All Time Plastics IPO opens today; GMP up 9%; should you subscribe?
All Time Plastics IPO: The initial public offering (IPO) of plastic houseware products company, All Time Plastics, will open for public bidding today, August 7, 2025. At the upper end of the price band of ₹260 to ₹275, the company aims to raise ₹400.6 crore. The mainline offering comprises a fresh issue of 10.2 million equity shares and an offer for sale (OFS) of 4.4 million shares. Kailesh Punamchand Shah, Bhupesh Punamchand Shah, and Nilesh Punamchand Shah are the promoter selling shareholders. On Wednesday, August 6, the company raised ₹119.9 crore from 12 institutional investors through an anchor book. The investor Sunil Singhania's Abakkus-backed company has allotted 4.36 million equity shares to 12 funds at ₹275 per share. Ashoka India, Canara Robeco Mutual Fund, Bandhan Mutual Fund, Abakkus Asset Manager, 360 ONE Equity Opportunity Fund, Edelweiss, Nuvama, Gagandeep Credit Capital, and ABSL Umbrella UCITS Fund were the institutions that participated in the anchor, according to an exchange filing. All Time Electronics IPO grey market premium (GMP) The unlisted shares of All Time Plastics were trading at ₹300 in the grey market, up ₹25 or 9 per cent from the upper end price, according to sources tracking unofficial market activities. Should you subscribe to the All Time Plastics IPO? Anand Rathi Research - Subscribe for long term Analysts at Anand Rathi believe that All Time Plastics operates strategically located, fully integrated manufacturing facilities that enable cost-effective, large-scale production of high-quality plastic consumer products. The company has built long-standing relationships with global retailers such as IKEA, Asda, Michaels, and Tesco, as well as leading Indian retail chains. In addition, the company follows a strict landfill-free policy, ensuring all operational waste is recycled, reused, or repurposed, reflecting its dedication to environmental responsibility. "At the upper price band, the company is valued at P/E of 36.1x to its FY25 earnings, with EV/Ebitda of 19.8x and market cap of ₹1,801.3 crore post issue of equity shares," the brokerage said in a note. Anand Rathi has assigned a 'Subscribe-Long Term' rating to the IPO, adding that the issue is fully priced. Here are the key details of the All Time Plastics IPO: All Time Plastics IPO is available at a price band of ₹260 to ₹275 per share, with a lot size of 54 shares. Accordingly, investors can bid for a minimum of one lot or 54 shares of All Time Plastics and in multiples thereof. The minimum amount required by a retail investor to bid for the IPO is ₹14,850 at the upper end price. A retail investor can bid for a maximum of 13 lots or 702 shares, amounting to ₹1,93,050. The three-day subscription window to bid for the issue will conclude on Monday, August 11, 2025. Following the closure of the subscription window, the basis of allotment of shares is likely to take place on Tuesday, August 12, 2025. Shares of All Time Plastics are scheduled to make their D-street debut on Thursday, August 14, 2025, by listing on the BSE and NSE. Kfin Technologies is the registrar of the issue. Intensive Fiscal Services and DAM Capital Advisors are the book-running lead managers. According to the red herring prospectus (RHP), the company aims to utilise the net fresh issue proceeds for repayment/prepayment of certain outstanding borrowings availed by itself and the material subsidiary, Electronics Bazaar FZC. The remaining funds will be used for general corporate purposes.
&w=3840&q=100)
Business Standard
04-08-2025
- Business
- Business Standard
All Time Plastics sets IPO price band at ₹260-275; check key details here
All Time Plastics IPO: All Time Plastics, a B2B consumeware products maker, has set the price band for its maiden public issue in the range of ₹260 to 275 per equity share. The company aims to raise ₹400.6 crore through a combination of fresh issue of 10.2 million equity shares worth ₹280 crore and offer for sale (OFS) of 4.4 million shares worth ₹120.6 crore. Kailesh Punamchand Shah, Bhupesh Punamchand Shah, and Nilesh Punamchand Shah are the promoter selling shareholders. According to the red herring prospectus (RHP), the company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). According to the RHP, the issue will open for subscription on Thursday, August 7, 2025, and close on Monday, August 11, 2025. The anchor investor period shall be one day prior to the opening date, i.e. Wednesday, August 6, 2025. The basis of allotment of shares is likely to be finalised on Tuesday, August 12, 2025. The stock will be listed on the National Stock Exchange (NSE) and BSE, tentatively on Thursday, August 14, 2025. The lot size for an application is 54 shares. Accordingly, a retail investor would require a minimum investment amount of ₹14,850 to bid for one lot or 54 shares. The company plans to utilise ₹143 crore from the net fresh issue proceeds for prepayment and repayment of debt, ₹113.7 crore for the purchase of equipment and machinery for the Manekpur Facility and installation of an automated storage and retrieval system (ASRS) for the warehouse in the Manekpur Facility. The remaining funds will be used for general corporate purposes. About All Time Plastics All Time Plastics specialises in manufacturing plastic consumerware products for everyday household needs. It primarily produces consumerware for customers to market under their own brand names (i.e., on a business-to-business basis), which is known as white-label manufacturing. However, the company also sells its consumerware products under its proprietary brand name All Time Branded Products. As of March 31, 2025, All Time Plastics had 1,848 stock-keeping units (SKUs) across eight product categories, including Prep Time, Containers, Organisation, Hangers, Meal Time, Cleaning Time, Bath Time, and Junior. The company exports its products to retailers in the European Union, the United Kingdom and the United States. It also sells its products in India to IKEA and other modern trade retailers, super distributors and distributors.
