All time plastics IPO: The IPO of All Time Plastics, a company making plastic housewear products, will open for subscription on Thursday, August 7. This IPO will be closed on Monday, August 11. All -time plastics want to raise a total of Rs 400.60 crore from this IPO, for which a total of 1,45,67,380 shares will be allotted. Under this IPO, 1,01,81,818 fresh fresh fresh will be released under this IPO, while 43,85,562 shares of Rs 280.00 crore will be released through OFS.
What is the price band for shares with a face value of 2 rupees
The company has fixed a price band of Rs 260 to Rs 275 for each share of a face value of Rs 2 under its IPO. The employees of the company will be given a discount of Rs 26 on each stock. Retail investors will have to invest Rs 14,040 for at least one lot, 54 shares will be allotted in 1 lot. Retail investors can apply for a maximum of 13 lots (702 shares), for which they will have to invest Rs 1,93,050.
On which day will investors share shares
It will be a mainboard IPO, which will be listed on both major exchange BSEs and NSEs of the Indian stock market. After the closure of the IPO on August 11, investors can be allotted shares on Tuesday, August 12. After which shares will be transferred to the demat account of investors on Wednesday, August 13 and finally on Thursday, August 14, the company will be listed in the stock market.
Where will the company use the money received from IPO
The company plans to use the money received from the new issue for purchasing machinery for its Manekpur plant in Gujarat, repaying loans, for general corporate objectives and other expansion. All Time Plastic Limited is an Indian company that makes plastic goods for everyday domestic use. This company has been working in the field for 14 years.
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