All Time Plastics IPO: The ₹ 400.6 crore IPO of Plastic Consumerware Company All Time Plastics Limited has closed on August 11. During the three -day bid, this IPO received a good response from investors and subscribed to 4.42 times. Retail investors, non-institutional investors and especially employees of the company showed tremendous interest in it.
The reserve share for retail investors was 3.74 times subscribed, the highest subscribed in the Non-Institutional Investor (NIIS) category. At the same time, QIBS quota subscribed 3.15 times. Along with this, the reserve quota for employees was 6.22 times subscribed.
Complete information about IPO
IPO opening and closure date: August 7 to August 11
Price Band: ₹ 260 to ₹ 275 per share
Issu Size: ₹ 400.60 Crore
Lot Size: 54 shares
Allotment: Allotment of shares is expected to be on August 12.
Listing: The listing of shares is to be held on August 14 on BSE and NSE.
The company will use the amount raised from this IPO for purchasing machinery, repaying debt and general corporate purposes at Manekpur plant in Gujarat.
How much is Gray Market Premium (GMP)?
After the closure of the IPO, the premium of its shares in the gray market is running between ₹ 8 to ₹ 10 per share. The price band of the IPO was ₹ 260 to ₹ 275 per share. The estimated listing price of shares can be ₹ 283, including the upper price band (₹ 275) and today’s GMP (₹ 8), which is estimated to have a profit of about 2.91% on the listing.