The meaning is the same, when spoken to a group of people.
"Stand up" may be said to one person, while "all rise" may only be said to a group. However, you can tell one person, "Rise."
The main difference between them is not in meaning, but in FEELING or MOOD. "Stand up" is very common, not very special. "All rise" has a formal mood. It is said when people are standing as a gesture of RESPECT (e.g., when a judge enters the court, when the bride enters the hall, etc.).