All Time Plastics Ltd. IPO (All Time Plastics IPO) is set to open on August 7, 2025, and will close on August 11, 2025. The IPO comprises a fresh issue of ₹280 crore and an offer for sale (OFS) of ₹120.60 crore, totaling ₹400.60 crore. This article provides a comprehensive IPO review, covering issue details, financials, GMP, competitive strengths, risks, and whether investors should subscribe or avoid this issue.
About All Time Plastics Ltd.
Incorporated in 1971, All Time Plastics Ltd (ATPL) is engaged in manufacturing plastic houseware products. The company primarily serves B2B clients through white-label products and B2C customers under its proprietary brand, “All Time Branded Products”.
It has over 1,848 SKUs across eight major product categories including kitchenware, containers, hangers, cleaning products, bath accessories, and children-focused items. ATPL serves global giants such as IKEA, Tesco, Asda, and Michaels, and domestic retailers like Spencer’s Retail.
As of March 31, 2025, ATPL employed 690 permanent employees and 1,589 contract workers.
Competitive Strengths
- Strategically located, integrated manufacturing units.
- Large product portfolio with in-house design capabilities.
- Established relationships with global and Indian retail giants.
- Environmentally responsible and sustainability-focused.
- Consistent growth in financials with healthy margins.
All Time Plastics IPO Issue Details
| IPO Date | August 7 to August 11, 2025 |
|---|---|
| Listing At | BSE, NSE |
| Price Band | ₹260 to ₹275 per share |
| Lot Size | 54 Shares |
| Minimum Investment | ₹14,850 (Retail) |
| Issue Size | ₹400.60 Crores |
| Fresh Issue | ₹280.00 Crores |
| OFS | ₹120.60 Crores |
| Face Value | ₹2 per share |
| Lead Manager | Intensive Fiscal Services Pvt Ltd |
| Registrar | KFin Technologies Ltd |
| Listing Date | August 14, 2025 (Tentative) |
IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | August 7, 2025 |
| IPO Close Date | August 11, 2025 |
| Allotment Date | August 12, 2025 |
| Refunds Initiation | August 13, 2025 |
| Demat Credit | August 13, 2025 |
| Listing Date | August 14, 2025 |
All Time Plastics Financials (in ₹ Crores)
| Particulars | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 443.76 | 515.88 | 559.24 |
| EBITDA | 73.38 | 97.10 | 101.34 |
| PAT | 28.27 | 44.79 | 47.29 |
| Net Worth | 157.84 | 202.35 | 249.13 |
| Total Assets | 400.48 | 415.46 | 562.32 |
| Debt | 171.74 | 142.35 | 218.51 |
Key Metrics
- EBITDA Margin: 18.16%
- PAT Margin: 8.46%
- ROE: 19.01%
- ROCE: 16.99%
- Debt-to-Equity: 0.88
- Price to Book: 7.15
Peer Comparison and P/E Valuation
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS (₹) | 8.55 | 7.22 |
| P/E (x) | 32.17 | 38.09 |
Compared to listed peers, the issue is fully priced, which may leave limited listing gains.
Objects of the IPO
- Prepayment/Repayment of borrowings: ₹143.00 Cr
- Purchase of equipment for Manekpur facility: ₹113.71 Cr
- General Corporate Purposes
Grey Market Premium (GMP) of All Time Plastics IPO
As per market sources, GMP of All Time Plastics IPO is around ₹40-45 per share, indicating mild-to-moderate listing expectations. GMP is dynamic and may change until listing.
Reasons to Invest in All Time Plastics IPO
- Long-standing relationships with global and Indian retail leaders.
- Consistent revenue and profit growth.
- Focus on exports (over 85% revenue from international markets).
- Wide product range and in-house innovation.
- Experienced promoters and management.
Risk Factors
- High dependency on global clients exposes it to geopolitical and currency risks.
- Moderate debt levels.
- Competitive industry with low entry barriers.
- Any slowdown in exports or global retail markets can impact performance.
How to Apply for All Time Plastics IPO?
You can apply through:
- UPI via broker platforms (Zerodha, Groww, Upstox, etc.)
- Net banking ASBA through your bank
Ensure UPI mandate is approved before 5 PM on August 11, 2025.
FAQs on All Time Plastics IPO
1. What is the IPO opening and closing date of All Time Plastics IPO?
The IPO opens on August 7, 2025, and closes on August 11, 2025.
2. What is the IPO price band and lot size?
Price band is ₹260 to ₹275, and the lot size is 54 shares.
3. How much is the minimum investment required?
Retail investors need to invest a minimum of ₹14,850.
4. What is the GMP of All Time Plastics IPO?
Current GMP is around ₹40-45, but it can fluctuate.
5. Is All Time Plastics IPO good or bad for investment?
It has strong fundamentals, but valuations are slightly high. Suitable for medium to long-term investors.
6. When will the shares get listed?
Tentative listing date is August 14, 2025 on BSE and NSE.
7. Who are the promoters of the company?
Promoters are Kailesh, Bhupesh, and Nilesh Punamchand Shah.
All Time Plastics IPO Review – Should You Subscribe or Avoid?
All Time Plastics Ltd has shown consistent growth, strong export revenue, and deep relationships with top global retailers. The IPO appears fully priced, leaving modest scope for listing gains. However, with a focus on sustainability, operational efficiency, and brand development, the company looks well-positioned for long-term growth.
Investors with medium to long-term view can Subscribe to the IPO. Short-term investors may watch GMP trends before applying.
Disclaimer: This IPO analysis is for informational purposes only and not investment advice. Please consult a SEBI-registered financial advisor before investing.
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