All Time Plastics IPO
All Time Plastics IPO Price Range is ₹260 - ₹275, with a minimum investment of ₹14,850 for 54 shares per lot.
Subscription Rate
8.343x
as on 11 Aug 2025, 07:29PM IST
Minimum Investment
₹14,850
/ 54 shares
IPO Status
Price Band
₹260 - ₹275
Bidding Dates
Aug 7, 2025 - Aug 11, 2025
Issue Size
₹400.60 Cr
Lot Size
54 shares
Min Investment
₹14,850
Listing Exchange
NSE
IPO Doc
All Time Plastics IPO Application Timeline
IPO Subscription Status
as on 11 Aug 2025, 07:29PM IST
IPO subscribed over
🚀 8.343x
This IPO has been subscribed by 5.144x in the retail category and 10.148x in the QIB category.
Subscription Rate
| Total Subscription | 8.343x |
| Retail Individual Investors | 5.144x |
| Qualified Institutional Buyers | 10.148x |
| Non Institutional Investors | 13.47x |
Objectives of IPO
- The IPO includes a fresh issue of equity shares worth ₹280 crore. This money will go to the company itself to support its business operations. The IPO also has an offer for sale of up to 4,385,562 equity shares worth ₹120.6 crore. The important thing to understand is that the money from this offer for sale part will not go to the company for its business. Instead, this money will be received by the shareholders who are selling their existing shares.
- It plans to use ₹143 crore for repayment of the loan. As of June 30, 2025, the company had total outstanding borrowings of ₹222.56 crore.
- The company will spend ₹113.71 crore on buying new machines and equipment for its Manekpur factory. This investment will help to increase the factory's total production capacity to 16,500 tonnes per year. This includes getting new "all-electric" injection moulding machines.
- The company will use a portion of the money for its everyday business activities. This can include managing its operations, marketing its products, upgrading its technology systems, and other general needs.
Financial Performance of All Time Plastics
Strengths and Risks
Strengths
Its three factories in western India are well-located near ports and raw materials, allowing for high-volume, low-cost production.
It offers a wide and growing range of plastic products, with 1,848 different items by March 2025. Its in-house design teams continually launch new products, including 598 new items in FY25.
It has strong, long-term relationships with major global retailers like IKEA (over 27 years), Asda, Michaels, and Tesco. IKEA alone contributed 59.29% of its sales in FY25, showing a stable customer base.
It shows strong financial health, with revenue reaching ₹558.16 crore in FY25. It achieved a 19.01% Return on Equity and an 18.16% EBITDA Margin in FY25, ranking as the second largest B2B player by sales in India.
Its business is led by experienced Promoters with over 40 years of experience in plastic consumerware manufacturing. Their leadership has been key in shaping the company's vision and strategic decisions.
Risks
It heavily relies on a few customers; its top customer (IKEA) contributed 59.29% of revenue in FY25, and the top four contributed 78.42%. Losing any of them could seriously hurt its business and finances.
It lacks long-term agreements with most customers, meaning they can stop orders anytime. For example, one top 10 customer ceased purchases in FY24 due to insolvency, which could impact its business, financial condition, and cash flows.
It depends on a few raw material suppliers; its top supplier provided 21.26% of raw material costs in FY25, and the top 10 suppliers provided 73.24%.
A shift in consumer preferences away from plastic products, or new eco-friendly alternatives, could make its products obsolete. Its research and development spending was low at 0.27% of revenue in FY25, indicating potential vulnerability.
Its manufacturing is concentrated in just three facilities, making it vulnerable. Any breakdown or shutdown, like past power issues causing ₹13.8 lakh and ₹15.8 lakh in losses, could severely disrupt production and impact its business and cash flows.
How to Apply for All Time Plastics IPO on INDmoney
- Download the INDmoney app and complete your KYC.
- Go to INDstocks → IPO, or just search “IPO”.
- Tap on All Time Plastics IPO from the list of live IPOs.
- View key details like price band, lot size, and dates.
- Tap Apply Now and choose your number of lots.
- Use INDpay UPI for instant mandate tracking.
- Your funds will be blocked until the share allotment is finalized.
Listed Competitors of All Time Plastics
Company | Revenue from Operations | EBITDA Margin | Profit | Return on Net Worth | P/E Ratio |
All Time Plastics | ₹558 Cr | 18.16% | ₹47 Cr | 19.01% | 30.5 |
₹787 Cr | 22.38% | ₹93 Cr | 17.00% | 78.4 | |
₹2,136 Cr | 23.87% | ₹365 Cr | 16.82% | 37.1 |
All Time Plastics Shareholding Pattern
| Promoters | 90.79% | |
| Name | Role | Stakeholding |
| Kailesh Punamchand Shah | Promoter | 30.26% |
| Bhupesh Punamchand Shah | Promoter | 30.27% |
| Nilesh Punamchand Shah | Promoter | 30.26% |
| Others | 9.21% |
About All Time Plastics
The company serves big retailers like IKEA, Asda, Michaels, and Tesco across the European Union, UK, US, and India. IKEA is its top customer, providing 59.29% of its sales as of FY25. Its products reach 29 countries. Operations happen in three factories in India, producing 33,000 tonnes of plastic items yearly. The company has 690 employees and 1,589 contract workers.
All Time Plastics holds a strong market spot. In FY25, it was the second largest B2B plastic houseware maker in India by sales, with ₹558.16 crore. It also showed the highest return on owner's money at 19.01% and the second-best core business profit margin (EBITDA Margin) at 18.16% among similar companies. Looking ahead, the company plans to increase factory output and offer new plastic items, like hydration products. It is also branching into bamboo products through a new company to grow in the eco-friendly market.
Frequently Asked Questions of All Time Plastics IPO
What is the size of the All Time Plastics IPO?
What is the allotment date of the All Time Plastics IPO?
What are the open and close dates of the All Time Plastics IPO?
What is the lot size of All Time Plastics IPO?
When will my All Time Plastics IPO order be placed?
Can we invest in All Time Plastics IPO?
What would be the listing gains on the All Time Plastics IPO?
What is 'pre-apply' for All Time Plastics IPO?
Who are the promoters of All Time Plastics?
All Time Plastics' promoters are Kailesh Punamchand Shah, Bhupesh Punamchand Shah, and Nilesh Punamchand Shah. They collectively hold 90.79% of the company's paid-up equity share capital as of the Red Herring Prospectus date.
How does All Time Plastics make money?
All Time Plastics earns revenue by manufacturing plastic consumerware products for everyday household needs. It primarily operates on a white-label (B2B) basis, accounting for 91.66% of revenue in FY25. It also sells products under its “alltime” brand (B2C), contributing 7.56%.
Who are the competitors of All Time Plastics?
All Time Plastics competes in a fragmented plastic houseware market. Key B2B competitors include Shaily Engineering Plastics Ltd and Ratan Plastics. B2C rivals are Cello World Limited and Milton, among others. It also faces competition from glass, metal, and ceramics industries.