All Time Plastics Ltd IPO Surges Beyond Expectations
All Time Plastics Ltd's shares debuted with a 14% premium over their issue price on the BSE and NSE, resulting in a Rs 1,976.37 crore market valuation. The IPO, heavily subscribed at 8.34 times, is set to bolster production capacity, support debt repayment, and drive expansion initiatives.
- Country:
- India
Shares of All Time Plastics Ltd started trading with considerable momentum on Thursday, debuting at a 14% premium over the set issue price of Rs 275 on the BSE.
After listing at Rs 314.30, the stock further climbed to Rs 322.15, reflecting a 17% increase. On the NSE, shares opened strong at Rs 311.30, marking a 13.2% rise.
The IPO was significantly oversubscribed at 8.34 times, bringing in a market valuation of Rs 1,976.37 crore. Raised funds will aid the company's machinery acquisition, debt resolution, and project expansion.
(With inputs from agencies.)
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- All Time Plastics
- Ltd
- IPO
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- Stock Market
- Issue Price
- BSE
- NSE
- Market Valuation
- Subscription
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