All Time Plastics Limited is a leading plastic consumerware manufacturing company with 14 years of experience catering to both B2B (white-label manufacturing) and B2C markets under its proprietary brand “All Time Branded Products.” The company produces everyday household plastic products that are marketed by its clients under their own brand names or sold directly to consumers.

IPO Structure and Dates

The All Time Plastics IPO is a Book Built Issue amounting to ₹400.60 crores, which includes:

• Fresh Issue: 1.01 crore shares worth ₹280.00 crores

• Offer for Sale (OFS): 0.43 crore shares worth ₹120.60 crores

The IPO subscription period runs from August 7, 2025 to August 11, 2025. The allotment is expected to be finalized on August 12, 2025, and the listing is scheduled for August 14, 2025 on both BSE and NSE.

The price band has been set at ₹267–₹275 per equity share, and the market capitalization at the upper band stands at ₹1,801.37 crores.

Lot Size:

• Retail investors: Minimum 54 shares = ₹14,850

• HNIs: Minimum 14 lots (756 shares) = ₹2,07,900

Lead Managers:

• DAM Capital Advisors Limited

• Intensive Fiscal Services Pvt. Ltd.
  Registrar: KFin Technologies Limited

Grey Market Premium (GMP) and Expected Gains

The GMP for All Time Plastics IPO is currently ₹20, indicating a 7.27% expected listing gain. While GMP is not a guaranteed indicator of actual market performance, it often reflects sentiment and demand.

Subscription Status and Anchor Investment

As of 11 AM on August 11, 2025, the IPO is subscribed 0.84 times.
The company has also raised ₹119.91 crores from Anchor Investors by allocating 43,60,502 equity shares at ₹275 per share.

Financial Performance

The company has shown consistent revenue growth over the last three years:

• FY 2025: ₹5,592.35 million

• FY 2024: ₹5,158.77 million

• FY 2023: ₹4,437.64 million

EBITDA growth is also positive:

• FY 2025: ₹1,024.05 million

• FY 2024: ₹805.25 million

• FY 2023: ₹736.40 million

Profit After Tax (PAT):

• FY 2025: ₹472.94 million

• FY 2024: ₹447.90 million

• FY 2023: ₹282.70 million

Valuation and Ratios

• Pre-Issue EPS (FY24): ₹9.01

• Post-Issue EPS (FY24): ₹7.22

• Pre-Issue P/E: 30.52x

• Post-Issue P/E: 38.09x

• Industry P/E: 61x

• ROCE: 16.99%

• ROE: 19.01%

These figures suggest that the IPO is fully priced, leaving moderate scope for listing gains.

Objectives of the IPO

The proceeds will be used for:

1. ₹1,430.00 million – Prepayment or repayment of certain borrowings.

2. ₹1,137.14 million – Purchase of equipment and installation of automated storage systems at Manekpur facility.

3. General corporate purposes.

Management Team

• Kailesh Punamchand Shah – Chairman & Managing Director, overseeing finance, manufacturing, and procurement.

• Bhupesh Punamchand Shah – Director, managing administration and logistics.

• Nilesh Punamchand Shah – Director, handling strategy, IT, and marketing.

All three promoters have over 40 years of industry experience, supported by a senior management team with over five years of tenure in the company.

Conclusion & Recommendation

With a GMP of ₹20 and an expectation of 7.27% listing gains, the All Time Plastics IPO could be attractive for risk-tolerant investors aiming for short-term listing gains. However, the IPO is fully priced, and long-term investors should evaluate market conditions and growth prospects before committing.

Disclaimer
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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The Current active IPO are Star Imaging and Path Lab, Medistep Healthcare, ANB Metal Cast, ConnPlex Cinemas, ALL Time Plastics, JSW Cement, Sawaliya Foods Products.

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