Latest news with #ManishChokhani
&w=3840&q=100)
Business Standard
17 hours ago
- Business
- Business Standard
All Time Plastics up 6%; why is this newly listed stock in demand?
All Time Plastics share price today: Shares of newly listed plastic consumerware manufacturer All Time Plastics surged 6 per cent to hit an intraday high of ₹316.3 on the NSE. At 12:50 PM, All Time Plastics share price was trading 5 per cent higher at ₹306.1 per share on the NSE. In comparison, NSE Nifty50 was up 0.42 per cent at 24,982.5 levels. The market capitalisation of the company stood at ₹2,009 crore. Here's why All Time Plastics stock is rising: The stock extended gains for the third consecutive session after ace investor Manish Chokhani acquired a stake worth ₹10 crore in the company. According to bulk deal data on the National Stock Exchange (NSE), Vibhav Manish Chokhani, son of Manish Chokhani, acquired 3.5 lakh shares or 0.53 per cent stake in the company at ₹287.11 per share. On Thursday, August 14, All Time Plastics debuted on the NSE at ₹311.30 per share, up 13 per cent from its issue price of ₹275 per share. The All Time Plastics had received a strong response from investors with an overall subscription rate of 8.6 times. The demand was led by non-institutional investors (NIIs) at 14 times, followed by qualified institutional buyers (QIBs) at 10.3 times and retail investors at 5.36 times. The portion served for employees was booked 7.8 times. Ahead of the issue, the company had raised ₹120 crore from anchor investors. It allotted 4.36 million equity shares to 12 funds at ₹275 per share. Ashoka India Equity Investment Trust PLC, Canara Robeco Mutual Fund (MF), Bandhan MF, Edelweiss MF, 360 ONE Equity Opportunity Fund, Nuvama and Gagandeep Credit Capital are among the anchor investors, according to a circular uploaded on BSE's website. All Time Plastics IPO comprised a fresh issue of 10.2 million equity shares worth ₹280 crore and an offer for sale (OFS) of 4.4 million shares worth ₹120.57 crore. The company plans 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. 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.
Time of India
18 hours ago
- Automotive
- Time of India
All Time Plastics shares zoom over 8% after Vibhav Manish Chokhani picks 0.5% stake
Shares of All Time Plastics rallied 8.5% to hit an intraday high of Rs 316.20 on the BSE on Tuesday, following a notable stake purchase by Vibhav Manish Chokhani , son of veteran financial expert and investor Manish Chokhani. According to bulk deals data, Vibhav Chokhani acquired 3.5 lakh shares (0.53% stake) in the Mumbai-based plastic consumerware products manufacturer through open market transactions on August 18. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Sit Down Before You See What He Looks Like Now 33 Bridges Undo The shares were purchased at an average price of Rs 287.11 apiece, valuing the deal at around Rs 10.05 crore. All Time Plastics, a key supplier of consumerware products to global retailers such as IKEA and Tesco, witnessed strong investor interest after the development. The company is a recent market entrant, with its shares listing on the exchanges on August 14. All Time Plastics made a strong debut, opening at Rs 314.30 on the BSE—a 14.3% premium to its issue price of Rs 275. On the NSE, the stock listed at Rs 311.30, up 13.2% from the IPO price. Live Events The Rs 401 crore IPO saw robust demand from investors , receiving an overall subscription of 8.62 times. Within this, the QIB quota was subscribed 10.30 times, the NII portion 14.01 times, while the retail segment attracted bids 5.36 times the shares on offer. The IPO was priced at Rs 275 per share and comprised a fresh issue of 1.02 crore shares worth Rs 280.09 crore, along with an offer for sale of 0.44 crore shares worth Rs 120.60 crore by the promoters. Also read: Tata Motors shares rally 3% as co re-enters South African PV market ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
