All Time Plastics IPO

About All Time Plastics IPO

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include up to 1,01,81,818 equity shares of face value ₹2 each aggregating up to ₹280 crores. The offer for sale portion includes up to 43,85,562 equity shares of face value ₹2 each aggregating up to ₹120.60 crores. The total number of shares and aggregate amount are 1,45,67,380 and ₹400.60 crores respectively.

All Time Plastics Limited is a manufacturing company with 14 years of experience in producing plastic consumerware products for everyday household needs. They primarily produce consumerware for customers to market under their own brand names (i.e., on a business-to-business ("B2B") basis), which is known as white-label manufacturing. However, they also sell their consumer ware products under their brand name (All Time Branded Products) (i.e., on a business-to-consumer (B2C) basis).

Objectives of All Time Plastics IPO

The company plans to utilise the IPO proceeds for:

• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
  
• Purchase of equipment and machinery for the Manekpur facility
  
• General corporate purposes
  

Industry Outlook

The Indian consumerware market is highly fragmented, but with a growing economy and changing consumer preferences towards product design and aesthetic appeal in addition to functionality, there is a rising demand for branded consumerware products. This demand is being met through organised-format stores and online channels like D-mart, Vishal Mega Mart, Home Centre, and others.

The Indian consumerware market was valued at ₹14,400 crores in FY 2015 and grew at a CAGR of 7.4% in the next eight years to reach a market size of ₹27,360 crores in FY 2024. The market is further expected to reach ₹29,990 crores in FY 2025. Factors such as rising disposable income, the nuclearisation of families, and the demand for organised and functional kitchen spaces contributed to this growth. Projections indicate continued growth with a CAGR of 10.7% in the subsequent four years, reaching a market size of ₹49,870 crores by FY 2030.

Company Information

All Time Plastics Limited is a manufacturing company with 14 years of experience in producing plastic consumerware products for everyday household needs. They primarily produce consumerware for customers to market under their own brand names (i.e., on a business-to-business ("B2B") basis), which is known as white-label manufacturing. However, they also sell their consumerware products under their brand name ("All Time Branded Products") (i.e., on a business-to-consumer ("B2C") basis).

As of 31 March 2025, they had 1,848 stock-keeping units ("SKUs") across eight categories: Prep Time (kitchen tools for preparing cooking ingredients); Containers (food storage containers); Organisation (miscellaneous storage containers); Hangers (various types of hangers); Meal Time (kitchenware); Cleaning Time (cleaning equipment); Bath Time (bathroom products); and Junior (child-friendly tableware, cutlery and other items).

They currently manufacture their products from their fully integrated manufacturing facilities in Daman, Dadra and Nagar Haveli and Daman and Diu (the "Daman Facility"), Silvassa, Dadra and Nagar Haveli and Daman and Diu (the "Silvassa Facility") and Manekpur, Gujarat (the "Manekpur Facility").

Strengths of All Time Plastics IPO

• Strategically located and integrated manufacturing facilities, enabling high-volume, low-cost and high-quality plastic consumerware production.
  
• Wide and growing range of plastic consumerware products, with in-house product design and mould design teams.
  
• Long-standing relationships with global retailers, including IKEA, Asda, Michaels and Tesco, and Indian retailers.
  
• Demonstrated focus on sustainable practices and environmental responsibility.
  
• Strong financial performance and financial metrics.
  
• Experienced Promoters with deep expertise in plastic consumerware manufacturing.
  

Risks of All Time Plastics IPO

• The loss of any of their top four customers, and in particular their top customer, or the loss of revenue from sales to these top customers.
  
• If any of their top 10 suppliers ceased selling them the raw materials and packing materials they require in the quantities they need, and they were unable to find a supplier to replace them.
  
• Rapid increases in raw material prices, especially plastic granules prices.
  
• Any failure to adapt to industry trends and evolving technologies to meet their customers’ demands.
  
• Foreign currency exchange risks.
  
• Any decline in their revenue from sales of their top five product categories.
  
• Any breakdown or shutdown of any of their manufacturing facilities.
  
• Industrial unrest, slowdowns and increased wage costs.
  
• Failure or disruption of their information technology (“IT”) systems or breach of data security.
  
• A shortage or unavailability of electricity or water could affect their manufacturing operations.
  

Source: All the financial information for the listed industry peer mentioned above is on a consolidated basis and is sourced from the annual report of the company for the financial year ended March 31, 2025. The financial information of our Company is based on the Restated Consolidated and Standalone Financial Information of our Company as at and for the financial year ended March 31, 2025. .*To be computed after finalisation of the Price Band 164

Anchor Investor Bidding Date: 06 August 2025

*The Company, in consultation with the BRLMs, may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date.

Registrar: KFin Technologies Limited Book Running Lead Managers: Intensive Fiscal Services Pvt Limited DAM Capital Advisors Limited

All Time Plastics Business Model

The company is engaged primarily in white-label manufacturing, where it produces consumer ware for customers to market under its own brand names. However, it also sells its consumer ware products under its brand name (All Time Branded Products). As on 31 March 2025, the company had 1,848 stock-keeping units (SKUs) across eight categories namely:

• Prep Time (Kitchen tools for preparing cooking ingredients)
• Containers (Food storage containers)
• Organisation (Miscellaneous storage containers)
• Hangers (Various types of hangers)
• Mealtime (Kitchenware)
• Cleaning Time (Cleaning equipment)
• Bath Time (Bathroom products)
• Junior (Child-friendly tableware, cutlery and other items)

All Time Plastics Growth Trajectory

All Time Plastics Limited’s revenue from operations increased from ₹443.49 crores for fiscal 2023 to ₹558.17 crores (consolidated) for fiscal 2025, representing a CAGR of 12.19%. Their EBITDA (calculated as the aggregate of profit before tax, depreciation and amortisation expense and finance costs less other income) ("EBITDA") increased from ₹73.38 crores for fiscal 2023 to ₹101.34 crores (consolidated) for fiscal 2025, representing a CAGR of 17.51%. Their profit for the year increased from ₹28.27 crores for fiscal 2023 to ₹47.29 crores (consolidated) for fiscal 2025, representing a CAGR of 29.34%.

All Time Plastics Market Position

All Time Plastics Limited has 14 years of experience in producing plastic consumerware products for everyday household needs. Their products were exported to 29 countries in fiscal 2025. All Time Plastics’ revenue from operations in FY 2025 was ₹558.17 crores, making it the second-largest B2B player in India in terms of revenue from operations for FY 2025.

As on 31st March 2025, the company’s Total Income, Profit After Tax, and EBITDA stood at ₹559.235 crores, ₹47.294 crores, and ₹101.337 crores, respectively.

How to check the allotment status of All Time Plastics Ltd IPO?

You can check the allotment status of All Time Plastics Ltd IPO through the BSE website or through the registrar’s portal. To know the status from the BSE website:

• Visit the BSE website
  
• Click on “Investor Services” and choose “Application Status Check”
  
• Choose the issue type — Equity or Debt
  
• Select the Issue Name from the drop-down.
  
• Enter your application number or PAN number
  
• Check the box that says “I’m not a Robot” and click on “Search” to know the allotment status
  

To check status through registrar’s portal:

• Visit the website of KFin Technologies Ltd
  
• Choose IPO allotment status from Products’ dropdown
  
• Click on any of the links
  
• Select the IPO
  
• Input either your application number, PAN number or Demat number
  
• Enter captcha and click on Submit
  

How to Apply for All Time Plastics Ltd IPO?

To apply for this IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.