All Time Plastics Sets IPO Price with Global Expansion Plans

All Time Plastics, a prominent player in the consumerware production sector, has announced the pricing of its initial public offering (IPO) between Rs 260 and Rs 275 per share. The IPO, scheduled from August 7 to August 11, aims to raise Rs 401 crore, valuing the company above Rs 1,800 crore.

The offering will consist of fresh equity shares amounting to Rs 280 crore and an offer-for-sale component of over 43.8 lakh shares valued at Rs 120.6 crore. Funds garnered will be used for machinery acquisition at the company's Manekpur plant in Gujarat, debt repayment, and other corporate expansions.

Institutional buyers will receive half of the available shares, with 35% allotted to retail investors and 15% to non-institutional ones. Operating for 14 years, All Time Plastics exports household products globally and engages modern trade retailers within India. Market listing is anticipated on August 14.

(With inputs from agencies.)