All Time Plastics IPO subscribed 14% so far; issue closes August 11

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All Time Plastics IPO News: The public issue of All Time Plastics Ltd, a consumerware products maker, opened for subscription on Thursday, August 7, and got off to a modest start. By afternoon, the IPO was subscribed 14 per cent, with bids coming in for 14.3 lakh shares against 1.05 crore shares on offer.

The Rs 400.60 crore IPO will remain open for bidding until Sunday, August 11.

Solid Anchor Support Before Launch

Before opening to the public, the company raised a strong Rs 120 crore from a group of anchor investors, including Ashoka India Equity Investment Trust PLC, Canara Robeco MF, Bandhan MF, Edelweiss MF, 360 ONE, Nuvama, and Gagandeep Credit Capital—a sign of institutional confidence in the company’s prospects.

Price Band and Valuation

Shares are being offered in a price band of Rs 260 to Rs 275. Investors can bid for a minimum of 54 shares, and in multiples thereafter. At the top end of the range, the company’s valuation crosses Rs 1,800 crore.

Who Gets What

50 per cent of the IPO is reserved for qualified institutional buyers (QIBs)

15 per cent is set aside for non-institutional investors (NIIs)

35 per cent is for retail investors

Where the Money Will Go

The company plans to use the IPO proceeds to:

1) Buy new machinery for its Manekpur plant in Gujarat

2) Repay existing debt

3) Support general corporate needs and future expansion

A Look at the Business

All Time Plastics has been in the game for 14 years, making everyday plastic household items. While it has a strong export footprint mainly to Europe, the UK, and the US, it also has a growing presence in India through modern trade retailers, distributors, and general trade channels.

The company has shown steady financial growth:

Revenue grew from Rs 443 crore in FY23 to Rs 558 crore in FY25

Net profit increased from Rs 28 crore to Rs 47 crore

EBITDA margins improved to 18.12 per cent

Return on equity stood at a healthy 19.01 per cent