According to bulk deals data, Vibhav Chokhani acquired 3.5 lakh shares (0.53% stake) in the Mumbai-based plastic consumerware products manufacturer through open market transactions on August 18.
The shares were purchased at an average price of Rs 287.11 apiece, valuing the deal at around Rs 10.05 crore.
All Time Plastics, a key supplier of consumerware products to global retailers such as IKEA and Tesco, witnessed strong investor interest after the development.
The company is a recent market entrant, with its shares listing on the exchanges on August 14. All Time Plastics made a strong debut, opening at Rs 314.30 on the BSE—a 14.3% premium to its issue price of Rs 275. On the NSE, the stock listed at Rs 311.30, up 13.2% from the IPO price.
The Rs 401 crore IPO saw robust demand from investors, receiving an overall subscription of 8.62 times. Within this, the QIB quota was subscribed 10.30 times, the NII portion 14.01 times, while the retail segment attracted bids 5.36 times the shares on offer.The IPO was priced at Rs 275 per share and comprised a fresh issue of 1.02 crore shares worth Rs 280.09 crore, along with an offer for sale of 0.44 crore shares worth Rs 120.60 crore by the promoters.Also read: Tata Motors shares rally 3% as co re-enters South African PV market
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