Upcoming IPO: All Time Plastics offer opens on Aug 7, price band at ₹260-₹275 per share; check key details

Upcoming IPO: Consumerware products maker All Time Plastics Ltd has fixed a price band of ₹260 to ₹275 per equity share for its ₹400.60-crore initial public offering (IPO).

The initial share sale will be open fr public subscription from August 7 to August 11, the company announced. At the upper price band, the firm is valued more than ₹1,800 crore.

The initial public offer consists of fresh issuance of equity shares valued at ₹280 crore and an offer-for-sale (OFS) of over 43.8 lakh shares worth ₹120.6 crore.

The company intends to utilise funds raised from fresh issuance for acquiring machinery for its Manekpur plant in Gujarat, debt repayment, general corporate purposes and other expansion efforts.

All Time Plastics IPO: Lot size

An application consists of a lot of 54 shares. Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors (NIIs).

All Time Plastics IPO timeline: Allotment and listing dates

About the company

All Time Plastics has 14 years' experience of manufacturing plastic consumerware products for everyday household needs. It primarily exports products to retailers in the European Union, the UK, and the US. In India, it sells through modern trade retailers, super distributors (who supply to distributors), and distributors (who supply to general trade stores).

Intensive Fiscal Services Pvt Ltd and DAM Capital Advisors Ltd are the merchant bankers for All Time Plastics' public issue, while Kfin Technologies serves as the registrar.

The company is expected to list on the stock exchanges - the National Stock Exchange (NSE) and BSE - on August 14.