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
1.022x
as on 08 Aug 2025, 06:43PM IST
Minimum Investment
₹14,850
/ 54 shares
IPO Status
Pre-application open
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 08 Aug 2025, 06:43PM IST
IPO subscribed over
🚀 1.022x
This IPO has been subscribed by 1.444x in the retail category and 0.375x in the QIB category.
Subscription Rate
| Total Subscription | 1.022x |
| Retail Individual Investors | 1.444x |
| Qualified Institutional Buyers | 0.375x |
| Non Institutional Investors | 0.846x |
Objectives of IPO
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
1
Download the INDmoney app and complete your KYC to open an account.
2
Go to the INDstocks section and tap on IPO, or search for ‘IPO’.
3
Select All Time Plastics IPO from the list of live IPOs.
4
View key details like price band, lot size, and dates, then tap ‘Apply Now’.
5
Choose the number of lots and place your order via UPI.
6
Your funds will be blocked until the share allotment is finalized.
Financial Performance of All Time Plastics
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
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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.