All Time Plastics Ltd.'s initial public offer has been subscribed 1.57 times so far on its final day of bidding. The IPO was subscribed 1.02 times on the second day, while it was subscribed 0.29 times on the first day on Thursday.
The IPO is a book-built issue worth Rs 400.6 crore. It comprises a fresh issue of 1.02 crore shares, totaling Rs 280 crore, and an offer for sale of 44 lakh shares, amounting to Rs 120.6 crore.
The company is a leading manufacturer of plastic houseware products. Swedish furniture giant Ikea is among its major clients.
While most of its business comes from supplying consumerware to other brands, it also sells products directly to consumers under its own label, All Time Branded Products.
The company will use the funds raised from the IPO for a few purposes. A portion will go towards repaying or prepaying some of its existing borrowings. The remaining funds will be used for general corporate needs.
Subscription Details: Day Three
The All-Time Plastics IPO has been subscribed 1.57 times as of 10:12 a.m. on Monday.
Qualified Institutions: 0.38 times or 38%.
Non-Institutional Buyers: 1.58 times.
Retail Investors: 2.22 times.
Employee portion: 4.14 times
IPO GMP
The grey market premium of All Time Plastics was at Rs 7 as of 9:54 a.m. on InvestorGain website on Aug.11. The GMP price indicated 2.55% listing gain as indicated by the implied listing price of Rs 282.
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