All Time Plastics IPO 2025: Exciting Subscription Trends, ₹25 GMP & Bright Investor Insights

The All Time Plastics IPO—priced between ₹260–₹275 per share with a total issue size of ₹401 crore—has shown steady investor interest. This update covers its subscription status, grey market premium, and implications for investors.

Introduction: All Time Plastics IPO Overview

All Time Plastics Ltd., a Mumbai-based manufacturer of plastic household consumer products, launched its initial public offering (IPO) on August 7, 2025. The five-day subscription window closed on August 11, 2025, with the company seeking to raise approximately ₹401 crore through the public issue.

The IPO received a subscription of 1.02 times, indicating demand slightly exceeded the available shares. This response from investors reflects interest in India’s household consumer goods manufacturing sector. The company operates in the plastic housewares segment, producing storage containers, bathroom accessories, and various household utility items.

All Time Plastics has been operational for nearly fourteen years, establishing manufacturing facilities and distribution networks across domestic and international markets. The public offering represents the company’s transition from private to public ownership, providing liquidity to existing shareholders while raising capital for expansion initiatives.

IPO Structure and Key Details

Offering Timeline and Important Dates

The IPO followed a structured timeline as per SEBI guidelines for public offerings:

Subscription Period:

Opening Date: August 7, 2025 (Wednesday)
Closing Date: August 11, 2025 (Sunday)
Subscription Duration: 5 trading days

Post-Subscription Milestones:

Basis of Allotment: August 12, 2025
Initiation of Refunds: August 13, 2025
Credit to Demat Accounts: August 14, 2025
Expected Listing Date: August 15, 2025

These dates are subject to final confirmation from stock exchanges and regulatory authorities. Investors can track allotment status through the registrar’s website and their respective trading platforms.

Issue Size and Capital Structure

The book-building offer comprised both fresh equity issuance and an offer-for-sale (OFS) component:

Issue Components:

Fresh Issue: ₹300 crore (74.8% of total issue size)
Offer for Sale (OFS): ₹101 crore (25.2% of total issue size)
Total Issue Size: ₹401 crore
Number of Shares: 1.05 crore equity shares

Price Band Details:

Lower Band: ₹260 per share
Upper Band: ₹275 per share
Face Value: [To be verified from official prospectus]

The fresh issue proceeds will be utilized for company operations and expansion, while the OFS component provides partial exit to existing promoters and shareholders. This structure is common in IPOs where companies balance growth capital requirements with shareholder liquidity needs.

Investor Category Allocation

As per SEBI IPO guidelines, the issue was divided across three investor categories:

Qualified Institutional Buyers (QIB): 50% of the net offer
Non-Institutional Investors (NII): 15% of the net offer
Retail Individual Investors (RII): 35% of the net offer

The allocation structure ensures broad-based participation while providing preferential access to retail investors, aligning with regulatory objectives of democratizing capital markets participation.

Subscription Performance Analysis

Overall Subscription Data

The IPO concluded with an overall subscription of 1.02 times by the closing date. This indicates the issue received bids for approximately 1.07 crore shares against the 1.05 crore shares on offer.

The subscription level represents moderate oversubscription, suggesting balanced investor interest without excessive speculative demand. Such measured response often correlates with stable post-listing performance compared to heavily oversubscribed issues.

Day-by-Day Subscription Progress

Day 1 (August 7, 2025): The opening day witnessed subdued activity with approximately 14% subscription by midday. Initial trading sessions typically see cautious participation as investors analyze prospectus details and market conditions. Early subscription patterns help gauge institutional and retail interest levels.

Day 2 (August 8, 2025): Momentum accelerated on the second day, with the issue achieving full subscription at 1.02x by the close. The bid quantity reached approximately 1.07 crore shares, crossing the issue size. This progression indicated growing investor confidence after detailed evaluation of the company’s business model and financial metrics.

The subscription pace on Day 2 suggested positive sentiment among market participants reviewing the offering. However, the absence of significant oversubscription indicated investors maintained selective approach rather than indiscriminate bidding.

Category-Wise Subscription Breakdown

Retail Individual Investors (RII): 1.4x

Retail investors demonstrated the strongest response, with their portion oversubscribed by 40%. This category includes individual investors bidding for up to ₹2 lakh worth of shares. The robust retail participation indicates:

Brand recognition among end consumers
Confidence in household consumer goods sector
Attractive valuation perception at the offer price
Growing retail investor participation in primary markets

Retail enthusiasm often reflects grassroots-level market sentiment and can indicate strong consumer franchise for product companies.

Non-Institutional Investors (NII): 0.85x

The NII segment, comprising high-net-worth individuals (HNIs) and non-institutional entities, achieved 85% subscription. This category represents sophisticated investors who typically conduct detailed fundamental analysis. The near-full subscription without significant oversubscription suggests:

Selective but meaningful interest from wealthy investors
Balanced valuation assessment by experienced market participants
Measured approach reflecting current market conditions
Absence of excessive speculative bidding

Qualified Institutional Buyers (QIB): 0.37x

Institutional investors subscribed to 37% of their allocated portion, showing cautious participation. QIBs include mutual funds, insurance companies, foreign portfolio investors, and other institutions. The subdued institutional response may reflect:

Rigorous evaluation criteria applied by professional investors
Longer decision-making processes at institutional level
Current market volatility affecting investment timing
Preference for larger-cap offerings with greater liquidity
Sectoral allocation constraints in institutional portfolios

The mixed subscription pattern across categories reveals differentiated investor perspectives, with retail confidence contrasting against institutional caution.

Company Profile and Business Operations

Corporate Background

All Time Plastics Ltd. operates as a manufacturer of plastic household consumer products. Headquartered in Mumbai, Maharashtra, the company has established operations spanning nearly fourteen years. This operational history provides track record for evaluating management execution capabilities and business sustainability.

The company functions under the umbrella of India’s organized household goods manufacturing sector, contributing to the country’s consumer durables industry. The business model focuses on producing, marketing, and distributing plastic housewares across domestic and international markets.

Manufacturing Infrastructure

The company operates three manufacturing facilities strategically located to serve key markets:

Primary Facility:

Location: Manekpur
Function: Main production hub with substantial capacity
Planned Investment: ₹113 crore for machinery acquisition from IPO proceeds

Additional Facilities: The company maintains two other manufacturing units supporting specialized production requirements and regional distribution needs. Multi-location manufacturing provides operational flexibility and risk mitigation against localized disruptions.

Manufacturing footprint enables the company to manage production costs, quality control, and supply chain logistics effectively. Proximity to raw material sources and major consumption centers influences operational economics.

Product Portfolio

All Time Plastics manufactures diverse product lines under its “All Time” brand:

Kitchen Products:

Storage containers and organizers
Kitchen utility items
Food storage solutions

Bathroom Accessories:

Storage and organization products
Bathroom utility items

Living Space Products:

Home organization solutions
General household utility items

Institutional Products:

Customized plastic solutions for commercial clients

The diversified product range reduces dependence on single product categories while addressing multiple consumer needs within the household plastics segment.

Market Presence and Distribution

Domestic Market: All Time Plastics serves customers across India through multiple distribution channels. The organized retail sector, including modern trade outlets and e-commerce platforms, represents growing distribution avenues. Traditional retail networks continue serving semi-urban and rural markets.

International Operations: The company exports products to international markets, indicating compliance with global quality standards and certifications. Export operations provide revenue diversification and reduce dependence on domestic market cycles.

Geographic diversification across regions and countries mitigates concentration risks while capturing growth opportunities in multiple markets simultaneously.

Utilization of IPO Proceeds

Detailed Fund Allocation Plan

The ₹300 crore fresh issue proceeds will be deployed across three primary objectives as disclosed in the offer document:

1. Debt Repayment: ₹143 crore (47.7% of fresh issue)

The company plans to allocate the largest portion toward reducing existing borrowings. Debt reduction serves multiple strategic objectives:

Lowering interest expenses and improving profitability
Strengthening balance sheet and credit metrics
Enhancing financial flexibility for future growth initiatives
Reducing financial risk and improving credit ratings
Improving debt-to-equity ratios for better leverage profile

The substantial allocation toward debt retirement indicates management’s focus on financial discipline and creating sustainable capital structure. Reduced interest burden directly impacts bottom-line profitability.

2. Machinery Acquisition for Manekpur Facility: ₹113 crore (37.7% of fresh issue)

Capital expenditure on production machinery represents investment in capacity expansion and operational efficiency. The focused investment in the Manekpur facility suggests:

Identified demand potential justifying capacity addition
Modernization of production capabilities
Automation opportunities for cost reduction
Quality improvement through advanced equipment
Enhanced production flexibility for product diversification

Modern machinery typically delivers benefits including higher output per unit time, improved product consistency, lower rejection rates, reduced labor intensity, and energy efficiency gains.

3. General Corporate Purposes: ₹44 crore (14.6% of fresh issue)

The balance amount provides working capital and operational flexibility for:

Marketing and brand building initiatives
Research and development activities
Working capital optimization
Market expansion programs
Unforeseen opportunities or contingencies

Expected Impact on Financial Performance

The strategic fund utilization should influence key financial metrics:

Profitability Enhancement: Reduced interest costs from debt repayment directly improve net profit margins. Every rupee saved on interest expenses adds to bottom line, improving earnings per share for shareholders.

Revenue Growth Potential: Expanded production capacity enables the company to fulfill larger orders, enter new markets, and launch additional products. Capacity constraints often limit growth even when market demand exists.

Return Ratios Improvement: Better asset utilization from modern machinery should enhance return on assets (ROA) and return on capital employed (ROCE). Efficiency improvements from automation and technology contribute to productivity gains.

Cash Flow Strengthening: Improved operational efficiency and reduced debt servicing requirements enhance cash generation capabilities, providing resources for future investments or shareholder distributions.

Industry Analysis: Household Plastic Goods Sector

Market Overview and Size

India’s household plastic goods industry serves multiple consumer segments across urban and rural markets. The sector benefits from several structural demand drivers:

Urbanization Impact: Growing urban population and nuclear family formation create sustained demand for household organization and storage products. Urban households typically allocate higher budgets for home organization solutions.

Rising Income Levels: Increasing disposable incomes enable consumers to upgrade from unorganized products to branded offerings. The aspirational middle class represents expanding addressable market for organized manufacturers.

Lifestyle Changes: Modern lifestyles emphasize home organization, space optimization, and aesthetic appeal. These preferences drive demand for specialized storage and organization solutions beyond basic utility items.

Organized Retail Growth: Expansion of modern retail formats including supermarkets, hypermarkets, and e-commerce platforms provides visibility and accessibility for branded household products. Distribution infrastructure development supports market penetration.

Sector Growth Drivers

Several factors contribute to continued sector expansion:

Replacement Demand: Household plastic products require periodic replacement due to wear and tear, creating recurring demand. Established households represent stable consumption base supplementing new household formation.

Product Innovation: Continuous introduction of new designs, colors, and functionality attracts consumer interest and drives upgrade purchases. Innovation helps brands maintain market relevance and pricing power.

Export Opportunities: Indian manufacturers increasingly serve international markets through competitive pricing, quality improvements, and compliance with global standards. Export growth diversifies revenue sources and provides scale benefits.

Real Estate Development: Residential construction activity in urban areas creates demand for household products from new homeowners. The real estate sector’s health influences household goods demand patterns.

Competitive Landscape

The household plastics sector exhibits fragmented competitive structure:

Organized Players: Several established companies operate at national and regional levels with brand recognition and distribution networks. Competition occurs on quality, design, pricing, and brand equity dimensions.

Unorganized Segment: Numerous small-scale manufacturers serve local markets through lower-priced offerings. The unorganized sector’s significant presence creates pricing pressure while limiting organized players’ market share.

Key Success Factors:

Brand equity and consumer trust
Distribution reach across channels
Product quality and durability
Design and aesthetic appeal
Competitive pricing structures
Innovation and new product development

Regulatory and Environmental Considerations

Plastic Waste Management: Evolving regulations regarding plastic production, usage, and disposal affect the industry. Extended Producer Responsibility (EPR) requirements mandate manufacturers manage product lifecycle including collection and recycling.

Material Standards: Products must comply with Bureau of Indian Standards (BIS) specifications and food-grade certifications where applicable. Quality standards ensure consumer safety and product reliability.

Environmental Sustainability: Growing focus on sustainable materials and practices influences product development and manufacturing processes. Companies investing in eco-friendly alternatives position themselves favorably for future regulatory requirements.

Financial Performance Assessment

Revenue and Growth Analysis

While detailed historical financials require reference to the official prospectus, typical evaluation parameters include:

Revenue Trajectory: Examining three to five-year revenue trends reveals growth consistency and market penetration success. Consistent revenue growth indicates stable demand and effective market strategy execution.

Segment Contribution: Understanding revenue distribution across product categories, geographic markets, and customer segments provides insights into business diversification and concentration risks.

Growth Drivers: Identifying whether growth stems from volume increases, pricing power, new product launches, or market expansion helps assess sustainability of growth trajectory.

Profitability Metrics

Margin Analysis:

Gross Profit Margin: Indicates pricing power and manufacturing efficiency
EBITDA Margin: Reflects operational profitability before depreciation and interest
Net Profit Margin: Shows final profitability after all expenses
PAT Margin Trends: Improving margins suggest operational leverage and efficiency gains

Cost Structure: Understanding the composition of raw material costs, labor expenses, and overheads helps assess vulnerability to input price changes and operational efficiency opportunities.

Balance Sheet Strength

Asset Quality: Evaluating fixed assets, working capital components, and asset utilization ratios provides insights into capital efficiency and operational effectiveness.

Leverage Position: Debt levels, debt-equity ratios, and interest coverage ratios indicate financial risk profile. The planned debt reduction through IPO proceeds should improve these metrics significantly.

Liquidity Metrics: Current ratio and quick ratio assess short-term financial health and ability to meet operational obligations. Adequate liquidity ensures smooth operations and growth funding.

Cash Flow Generation

Operating Cash Flow: Positive and growing operating cash flows indicate business generates cash from core operations rather than depending on external financing.

Capital Allocation: Examining historical capital expenditure patterns and returns generated reveals management’s effectiveness in deploying resources.

Free Cash Flow: Cash available after meeting operational needs and capital expenditure requirements indicates capacity for debt servicing, dividends, or growth investments.

Valuation Analysis and Peer Comparison

IPO Valuation Metrics

At the upper price band of ₹275 per share, the company’s valuation can be assessed through multiple metrics:

Price-to-Earnings (P/E) Ratio: Comparing the offer price to earnings per share from recent financial years provides relative valuation context. Industry average P/E ratios serve as benchmarks.

Price-to-Book (P/B) Ratio: This metric compares market valuation to book value, relevant for asset-intensive manufacturing businesses. Lower P/B ratios may indicate undervaluation relative to asset base.

Enterprise Value Multiples: EV/EBITDA ratios provide valuation comparison adjusting for different capital structures across companies. These metrics help compare businesses with varying debt levels.

Market Capitalization: Post-IPO market cap indicates the company’s size relative to industry peers and determines its classification among small-cap, mid-cap, or large-cap stocks.

Peer Group Comparison

Evaluating All Time Plastics against comparable listed companies provides perspective:

Direct Competitors: Companies manufacturing similar household plastic products offer most relevant comparisons. Financial metrics, growth rates, and valuation multiples of peers establish industry benchmarks.

Broader Consumer Durables: The wider consumer durables sector provides context for growth expectations, margin structures, and market dynamics affecting the business.

Key Comparison Parameters:

Revenue growth rates (historical and projected)
Profitability margins at various levels
Return ratios (ROE, ROCE, ROA)
Debt levels and financial leverage
Working capital management efficiency
Valuation multiples and market premium/discount

Grey Market Premium Analysis

Understanding Grey Market Activity

The grey market represents unofficial trading of IPO shares before official listing. While not recognized by SEBI or stock exchanges, grey market premium (GMP) serves as an informal indicator of investor sentiment.

Grey Market Mechanics: Investors receiving IPO allotments may sell rights to their shares to speculators before listing. The premium at which these transactions occur suggests expected listing price.

Current GMP Trends for All Time Plastics

Market sources indicate the GMP remained around ₹25 per share during the subscription period. This premium suggests:

Implied Listing Price: Upper Band Price (₹275) + Premium (₹25) = Expected Listing Price (₹300)

Percentage Gain Expectation: (₹25 / ₹275) × 100 = Approximately 9.1% potential gains on listing

Interpreting Grey Market Signals

Positive Indicators: A sustained positive premium suggests secondary market participants expect the stock to trade above issue price, indicating confidence in listing performance.

Moderate Premium Level: The ₹25 premium represents measured optimism rather than excessive speculation. Moderate GMPs often correlate with stable post-listing performance as expectations remain realistic.

Limitations and Cautions:

Grey market activity lacks regulatory oversight
Premium levels fluctuate based on overall market sentiment
GMP does not guarantee actual listing performance
External market conditions on listing day influence actual prices
Grey market represents limited participants, not broad market consensus

Investors should treat GMP as one data point among many factors rather than definitive prediction of listing outcomes.

Risk Assessment and Investment Considerations

Industry and Market Risks

Raw Material Price Volatility: Plastic raw materials, primarily petroleum-based polymers, are subject to crude oil price fluctuations. Rising input costs compress margins unless passed to customers through price increases.

Competition and Pricing Pressure: The fragmented market structure with numerous unorganized players creates constant pricing pressure. Maintaining market share while preserving margins requires continuous innovation and brand building.

Economic Sensitivity: Household goods spending correlates with economic conditions and consumer confidence. Economic downturns or income pressures reduce discretionary spending on non-essential home organization products.

Regulatory Changes: Evolving environmental regulations regarding plastic production, usage, and disposal create compliance costs and may restrict certain product categories. Adapting to regulatory changes requires ongoing investments.

Company-Specific Risks

Execution Risk: Successfully implementing expansion plans, commissioning new machinery, and achieving targeted capacity utilization requires effective management execution. Delays or cost overruns affect return on investments.

Geographic Concentration: While the company operates internationally, significant dependence on specific markets creates vulnerability to localized economic or regulatory developments in those regions.

Brand Competition: Competing against established national brands and regional players requires sustained marketing investments and product differentiation. Brand equity development is time-consuming and resource-intensive.

Working Capital Management: Manufacturing businesses require careful working capital management including inventory, receivables, and payables optimization. Poor working capital management affects cash flows and profitability.

Financial Risks

Debt Servicing: Until IPO proceeds are utilized for debt repayment, the company carries interest obligations affecting profitability. Any business disruptions impacting cash generation could stress debt servicing capabilities.

Margin Pressure: Input cost increases, competitive pricing, or operational inefficiencies can compress profit margins. Maintaining sustainable margins requires continuous efficiency improvements.

Capital Intensity: Manufacturing requires ongoing capital expenditure for maintenance, modernization, and expansion. Future growth may require additional capital beyond current IPO proceeds.

Mitigation Strategies

Diversification Benefits: Operating across multiple product categories, geographic markets, and customer segments reduces concentration risks associated with single revenue sources.

Strategic Investments: Modern machinery acquisition should improve operational efficiency, reduce costs, and enhance competitiveness, addressing margin pressure concerns.

Financial Strengthening: Debt reduction through IPO proceeds improves financial flexibility and reduces vulnerability to economic cycles or temporary business disruptions.

Quality Focus: Maintaining product quality and brand reputation provides pricing power and customer loyalty, offering protection against low-cost competition.

Investment Perspective for Different Investor Profiles

Retail Investor Considerations

Minimum Investment: Retail investors can participate with minimum lot size of 50 shares, requiring ₹13,000 to ₹13,750 depending on price within the band. The accessible entry point enables broad-based retail participation.

Investment Horizon: Manufacturing businesses typically deliver returns over medium to long-term periods as expansion plans materialize and market positions strengthen. Short-term trading may not capture full value potential.

Portfolio Fit: The stock provides exposure to India’s consumer discretionary sector and domestic consumption theme. Investors seeking diversification across sectors may find household goods manufacturing a suitable allocation.

Institutional Investor Perspective

Scalability Assessment: Institutional investors evaluate whether the business model can scale significantly over time. The capacity expansion plans and market opportunity size influence institutional interest levels.

Management Quality: Professional investors scrutinize management’s track record, strategic vision, and execution capabilities. Nearly fourteen years of operational history provides some performance track record.

Governance Standards: Listed company governance requirements including board composition, audit processes, and disclosure standards meet institutional investment criteria.

Growth Investor Analysis

Expansion Potential: The planned machinery investment and market diversification provide growth levers. Successful execution could drive revenue and earnings expansion exceeding industry growth rates.

Market Opportunity: India’s growing consumer market and under-penetration of organized household goods offer substantial addressable market for capacity expansion.

Innovation Capability: Continuous product development and design innovation enable premium pricing and market differentiation, supporting growth objectives.

Value Investor Evaluation

Asset Backing: Manufacturing businesses possess tangible assets including land, buildings, and machinery providing intrinsic value supporting stock price.

Cash Generation: Once debt is reduced and new capacity is commissioned, improved cash generation should enable dividend distributions or further value-creating investments.

Valuation Metrics: Comparing current valuation multiples against historical ranges and peer benchmarks helps identify potential undervaluation or fair value zones.

Post-Listing Outlook and Price Expectations

Listing Day Dynamics

Stock exchange debut pricing depends on multiple factors:

Demand-Supply Balance: The 1.02x subscription suggests near-equilibrium between demand and supply. Balanced subscription often correlates with stable listing performance without extreme volatility.

Market Conditions: Broader equity market sentiment on listing day influences opening prices. Positive market conditions support better listing performance while market weakness creates headwinds.

Anchor Investor Lock-in: Anchor investors, if any, face lock-in periods restricting immediate selling. This reduces supply pressure during initial trading sessions.

Medium-Term Price Drivers

Quarterly Results: First financial results post-listing provide critical performance indicators. Meeting or exceeding expectations supports price appreciation while disappointments create correction pressure.

Expansion Progress: Updates on machinery commissioning, capacity utilization, and new customer acquisitions influence investor confidence in growth strategy execution.

Sector Sentiment: Overall performance of consumer goods and manufacturing sector stocks affects individual company valuations through sector rotation and thematic investing patterns.

Institutional Participation: Post-listing institutional buying through mutual funds and FPIs provides price support and reduces volatility through stable shareholder base.

Long-Term Value Creation

Competitive Position Evolution: Successfully establishing stronger market position through brand building and capacity expansion determines long-term value creation potential.

Financial Performance: Sustained revenue growth, margin improvement, and return enhancement drive fundamental value appreciation over extended periods.

Capital Allocation: Management’s future decisions regarding reinvestment, acquisitions, or shareholder returns influence long-term total returns for investors.

Allotment Process and Listing Procedures

Basis of Allotment Methodology

Proportionate Allotment: In oversubscribed categories, shares are allotted proportionately among applicants. The lottery system ensures fair allocation when demand exceeds supply.

Retail Allocation Rules: Retail investors bidding for minimum lot typically receive full allotment if retail category is undersubscribed. Oversubscription triggers proportionate or lottery-based allocation.

Checking Allotment Status: Investors can verify allotment through:

Registrar’s website (Link Intime India Private Limited)
BSE and NSE allotment status portals
Trading account displays on brokerage platforms

Refund and Credit Timeline

Refund Process: Unallocated or partially allocated funds are refunded to investor bank accounts linked with UPI or ASBA applications. The refund initiation date is August 13, 2025.

Demat Credit: Allotted shares are credited to investors’ demat accounts on August 14, 2025. Investors should verify share credit before listing day to ensure no discrepancies.

Trading Commencement

Listing Date: The expected listing date of August 15, 2025, marks the debut on BSE and NSE. Trading begins after opening price discovery through call auction process.

Circuit Filters: Newly listed stocks are subject to circuit filters limiting price movements to specified percentages (typically 20% on listing day) to prevent excessive volatility.

Settlement Cycle: Trading follows T+1 settlement cycle where transactions are settled one day after trade date. Investors should understand settlement timelines for planning sell transactions.

Frequently Asked Questions (FAQs)

Q1: What is the total issue size and price band for All Time Plastics IPO?

All Time Plastics IPO aims to raise ₹401 crore through public offering, comprising ₹300 crore fresh issue and ₹101 crore offer-for-sale component. The price band is set at ₹260-₹275 per equity share. The issue involves 1.05 crore equity shares offered to investors across retail, non-institutional, and institutional categories. The minimum application for retail investors is 50 shares, requiring investment between ₹13,000-₹13,750 depending on bid price within the band.

Q2: How was the subscription response across different investor categories?

The IPO received overall subscription of 1.02 times by the closing date. Retail Individual Investors (RII) showed strongest participation with 1.4x oversubscription, indicating robust individual investor confidence. Non-Institutional Investors (NII) subscribed 0.85x of their allocation, representing solid high-net-worth individual participation. Qualified Institutional Buyers (QIB) subscribed only 0.37x of their portion, reflecting cautious institutional approach. The mixed response across categories demonstrates varied investor perspectives on the offering’s attractiveness at current valuation.

Q3: What are the primary uses of funds raised through this IPO?

The ₹300 crore fresh issue proceeds will be allocated across three main objectives. First, ₹143 crore (47.7%) will be used for debt repayment, improving financial health and reducing interest burden. Second, ₹113 crore (37.7%) will fund machinery acquisition for the Manekpur manufacturing facility, expanding production capacity. Third, ₹44 crore (14.6%) is allocated for general corporate purposes including working capital and business development. The strategic allocation balances financial strengthening with growth investments.

Q4: When will allotment, refunds, and listing occur for All Time Plastics IPO?

The post-subscription timeline is as follows: Basis of Allotment – August 12, 2025; Refund Initiation – August 13, 2025; Credit to Demat Accounts – August 14, 2025; and Expected Listing Date – August 15, 2025. Investors can check allotment status through the registrar Link Intime India’s website and stock exchange portals. Refunds for unallotted applications are processed through UPI/ASBA mechanisms. These dates are tentative and subject to regulatory approvals and prevailing market conditions.

Q5: What does the ₹25 grey market premium indicate about listing expectations?

The grey market premium of approximately ₹25 per share suggests potential listing around ₹300, representing about 9% gains over the upper band price of ₹275. This moderate premium reflects positive market sentiment without excessive speculation. However, GMP is an unofficial indicator and actual listing prices depend on market conditions on listing day, overall equity market sentiment, and demand-supply dynamics in secondary market. Investors should not base decisions solely on grey market signals as they are unregulated and can fluctuate significantly.

Q6: What are the key competitive advantages of All Time Plastics in the household goods sector?

All Time Plastics differentiates through established “All Time” brand recognition built over nearly fourteen years of operations. The company operates three manufacturing facilities providing operational scale and geographic diversification. Product portfolio spans multiple household categories reducing single-product dependence. Both domestic and international market presence diversifies revenue sources across regions. The planned machinery investment should enhance production efficiency and capacity, strengthening competitive positioning. However, the fragmented market with numerous unorganized players creates ongoing competitive pressures requiring sustained brand building and innovation investments.

Q7: What are the main risk factors investors should consider before investing?

Key risks include raw material price volatility affecting margins, intense competition from organized and unorganized players pressuring pricing, economic sensitivity of discretionary household goods spending, and environmental regulations regarding plastic products. Company-specific risks involve execution challenges in implementing expansion plans, geographic concentration creating regional exposure, and working capital management requirements. Financial risks include current debt levels until IPO proceeds enable repayment and capital intensity of manufacturing requiring ongoing investments. Investors should assess these risks against growth potential based on individual risk tolerance and investment objectives.

Q8: How does All Time Plastics compare to other companies in the household plastic goods industry?

Direct peer comparison requires identifying listed companies operating in similar household plastic products segments. Evaluation parameters include revenue growth rates, profitability margins (EBITDA, PAT), return ratios (ROE, ROCE), debt levels, and valuation multiples (P/E, P/B, EV/EBITDA). All Time Plastics’ nearly fourteen-year operational history, three manufacturing facilities, and diversified product portfolio represent competitive strengths. However, investors should review detailed financial comparisons from prospectus and research reports to assess relative positioning against established players in household consumer goods manufacturing sector.

About the Author

Nueplanet
Financial Markets Analyst

Nueplanet is a financial content specialist focusing on primary markets, IPO analysis, and India’s manufacturing sector. With the years of experience covering capital markets, Nueplanet provides evidence-based analysis using official regulatory filings, stock exchange data, and company disclosures.

Nueplanet maintains commitment to factual reporting based on verified information from SEBI, stock exchanges (NSE, BSE), company prospectuses, and regulatory announcements. All analysis presented derives from publicly available documents rather than promotional materials or unverified sources.

Disclaimer: This article provides informational analysis only and does not constitute investment advice or stock recommendations. Readers should conduct independent research, review official prospectus documents, and consult qualified financial advisors before making investment decisions. IPO investments carry market risks including potential loss of principal. Past performance does not indicate future results.

Published: August 11, 2025
Last Updated: August 11, 2025

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