All Time Plastics was incorporated on March 8, 2001. The company has over 13 years of experience in manufacturing plastic consumerware products for everyday household needs. It is the second-largest B2B manufacturer of plastic consumerware in India by revenue for FY23 (source: Technopak Report). Primarily engaged in white-label manufacturing, the company produces products for customers to sell under their own brand names but also markets its consumerware under its own brand
| Bidding Dates |
|---|
| 07 Aug 2025 - 11 Aug 2025 |
| Subscription |
|---|
| 8.34x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,040 | 1 | 13 | 54 | 14.6 M | ₹260 - ₹275 | 70.15 % | ₹3787.5 M - ₹4006.0 M | RHP DOC |
All Time Plastics IPO SUBSCRIPTION STATUS
11 Aug '25All Time Plastics IPO overall subscription rate was 8.34 times the total available shares
All Time Plastics IPO retail subscription rate was 5.14 times in the retail segment
All Time Plastics IPO non-institutional investor subscription rate was 13.47 times in the non-institutional investor category
All Time Plastics IPO Qualified Institutional Bidder subscription rate was 10.15 times the available shares for Qualified Institutional Bidder
All Time Plastics IPO Employees subscription rate was 7.82 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
11 Aug 2025 (Day 3) | 5.14x | 13.47x | 10.15x | 7.82x |
08 Aug 2025 (Day 2) | 1.44x | 0.85x | 0.37x | 3.13x |
07 Aug 2025 (Day 1) | 0.55x | 0.33x | 0x | 1.87x |
All Time Plastics FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 558.2 | 47.3 | 51.7 | -61.8 | 18.2% |
| FY24 | 512.9 | 44.8 | 90.8 | 45.0 | 18.9% |
| FY23 | 443.5 | 28.3 | 66.5 | 22.1 | 16.6% |
All Time Plastics IPO SUBSCRIPTION STATUS DETAILS
All Time Plastics had 14.6 M shares on offer
All Time Plastics IPO offer price was in the range ₹260 - ₹275
All Time Plastics IPO minimum Investment was ₹14040
All Time Plastics IPO issue size was ₹ 3787.5 M - ₹ 4006.0 M
All Time Plastics had a minimum lot size of 54 Shares per application
All Time Plastics NUMBER OF SHARES ON OFFER
All Time Plastics IPO IMPORTANT DATES
| Issue Open Date | 07 Aug 2025 |
| Issue close Date | 11 Aug 2025 |
| Allotment Date | 12 Aug 2025 |
| Refund Date | 13 Aug 2025 |
| Demat Account Credit Date | 13 Aug 2025 |
| Listing Date | 14 Aug 2025 |
| Listing on Exchange(s) | NSE and BSE |
| All Time Plastics Allotment Status | Exchange/ Registrar |
All Time Plastics IPO subscription opened on 07 Aug 2025, and closed on 11 Aug 2025
IPO allotment for All Time Plastics was finalized on Tuesday, 12 Aug 2025
IPO listing for All Time Plastics was on NSE and BSE on Thursday, 14 Aug 2025
All Time Plastics IPO LISTING GAINS
| Issue Price (adjusted) | 275.0 |
| Listing Open Price | 311.3 |
| Listing Close Price | 283.3 |
| Listing Gain% | 13.2% |
| Current Gain% | -20.5% |
All Time Plastics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Time Plastics Ltd. | 218.7 | 1432.3 | 41.7 | -1.5 | 2.3 | 5.8 | 4.5 | 617.3 | 10.4 | 35.4 | -25.1 | 5.2 | -28.4 |
| Cello World Ltd. | 362.4 | 8004.9 | 25.6 | -5.1 | 3.4 | 14.5 | 11 | 2378.8 | 9.1 | 331.5 | -2.2 | 14.2 | -5 |
| Borosil Renewables Ltd. | 563.1 | 7987.3 | 20.9 | 0.1 | 4.9 | 8.5 | 7.1 | 1580.8 | 4.4 | 129.1 | 285.5 | 27 | 271.4 |
| Hawkins Cookers Ltd. | 8443.4 | 4464.7 | 32.9 | 1.9 | 3.4 | 29.5 | 19.1 | 1265.9 | 12.1 | 131.2 | 14.4 | 256.5 | 17.3 |
| Borosil Ltd. | 243 | 2906 | 38.9 | 67.2 | 2.4 | 8.4 | 5.8 | 1225.6 | 8 | 74.7 | 0.6 | 6.2 | 0.6 |
| La Opala RG Ltd. | 192.6 | 2137.5 | 23.2 | -5.2 | 6.9 | 11.2 | 10.3 | 341.3 | -10.1 | 92.3 | -4.4 | 8.3 | -4.4 |
All Time Plastics INFORMATION ON IPO ISSUE
About All Time Plastics
All Time Plastics was incorporated on March 8, 2001. The company has over 13 years of experience in manufacturing plastic consumerware products for everyday household needs. It is the second-largest B2B manufacturer of plastic consumerware in India by revenue for FY23 (source: Technopak Report). Primarily engaged in white-label manufacturing, the company produces products for customers to sell under their own brand names but also markets its consumerware under its own brand
Object of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- Purchase of equipment and machinery for the manekpur facility
- General corporate purposes
All Time Plastics - PROMOTERS
| Name |
|---|
| Kailesh Punamchand Shah |
| Bhupesh Punamchand Shah |
| Nilesh Punamchand Shah |
All Time Plastics - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Kailesh Punamchand Shah | Chairman & Managing Director |
| Bhupesh Punamchand Shah | Whole-time Director |
| Nilesh Punamchand Shah | Whole-time Director |
| Belur Krishna Murthy Sethuram | Independent Director |
| Lakshmi Nadkarni | Independent Director |
| Shrinivas Damodar Joshi | Independent Director |
All Time Plastics Book Running Lead Manager
Intensive Fiscal Services Private Limited
Alltime.ipo@intensivefiscal.com
DAM Capital Advisors Limited
atpl.ipo@damcapital.in
All Time Plastics Registrar to the Offer
KFin Technologies Limited
atpl.ipo@kfintech.com
All Time Plastics Strengths
Integrated production facilities
The company has two integrated manufacturing facilities in Daman and Silvassa, with a third planned in Manekpur, Gujarat, in October 2024. Strategically located near ports, these facilities utilize all-electric machines and robotics for efficient, high-precision production, ensuring top quality and consistency
Diverse product range
The company has 1,608 SKUs across eight consumerware categories as of March 31, 2024. To meet changing customer demands, it launches new products using its market expertise and in-house design team, which has been creating customized designs for over 20 years, avoiding outsourcing costs
Strong financial performance
The company's revenue from operations grew from Rs 4,011.5 million in FY22 to Rs 5,128.5 million in FY24, achieving a CAGR of 13.1%. EBITDA increased from Rs 578.8 million to Rs 971 million, with a CAGR of 29.5%. Profit for the year rose from Rs 245.4 million to Rs 447.9 million, reflecting a CAGR of 35.1%
All Time Plastics Risks
Lack of long-term sales agreements
The company does not have long-term sales agreements with most customers and instead relies on purchase orders, which specify terms and delivery conditions. Where supply agreements exist, they outline sales terms but often do not commit customers to specific products, volumes, or durations
Dependency on a few suppliers
The company sources raw and packing materials from a few suppliers to secure better pricing. For FY24 the top supplier accounted for 22.9% of material costs, while the top 10 suppliers made up 75.2%. A disruption from any of these suppliers could significantly impact the company's business and cash flow
Dependence on top five product categories
In FY24, the company generated 94% of its revenue from its top five product categories. A decline in sales from these categories could negatively impact the company's business and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 120.6 crore, of 4,385,562 shares. It also consists of a fresh issue of Rs 280.0 crore.
The promoters of the company are Kailesh Punamchand Shah, Bhupesh Punamchand Shah and Nilesh Punamchand Shah.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 260.0 - 275.0.
The IPO application opens on Aug 07, 2025 and closes on Aug 11, 2025.
The minimum lot size for the IPO is 54. The maximum lot size for the IPO is 702.
For all category investors, the minimum application amount for this IPO is Rs. 14,040.0, the maximum value for this IPO is Rs 193,050.0.
This IPO will be allotted on Aug 12, 2025.
The refund will be credited to your account on Aug 13, 2025.
The allotted shares will be credited to your demat on Aug 13, 2025.
All Time Plastics Ltd.’s shares listed on the stock exchanges on Aug 14, 2025.