New Delhi, Aug. 7 -- The initial public offering (IPO) of All Time Plastics was off to a slow start on Thursday, August 7. The mainboard IPO, worth Rs.400 crore, will close for bidding on August 11.

All Time Plastics IPO is a mix of fresh share sale of Rs.280 crore and an offer for sale (OFS) of Rs.120.60 crore. The price band for the issue is set at Rs.260 to Rs.275 apiece.

The company plans to use the funds raised from the fresh share sale for repayment of all or a portion of certain outstanding borrowings availed by the company, purchase of equipment and machinery for its facility and general corporate purposes.

Investors can apply for the All Time Plastics IPO in the lot size of 54 shares and in multiples thereof.

Many brokerages ...