All Time Plastics IPO: Brokerages view
According to Reliance Securities, All Time Plastics stands at the intersection of strong industry growth and evolving global consumption trends. With its established export presence, diversified product range, and focus on sustainable manufacturing, it is well-positioned to capitalise on both domestic and international opportunities, it said with a ‘Subscribe’ rating.Canara Bank Securities said the valuations appear reasonable compared to peers. The brokerage has assigned a ‘Subscribe’ rating for well-informed investors with a medium to long-term investment horizon, backed by the company’s operational resilience, export dominance, and upcoming capacity-led growth.
All Time Plastics IPO: Price band
The company is selling its shares in a fixed price band between ₹260 and ₹275. Investors can bid for a minimum of 54 shares and in multiples thereof.
At the upper end of the price band, the company is valued over Rs 1,800 crore.
All Time Plastics IPO: GMP today
Shares of the company are quoting a premium of 9% in the grey market today.
However, it is important to note that grey market premiums are just an indicator of how the company’s shares are stacked up in the unlisted market and are subject to change rapidly.The issue is a combination of fresh issue of 1.02 crore shares aggregating to ₹280 crore and an offer for sale of 0.44 crore shares aggregating to ₹120.60 crore.
All Time Plastics IPO: Structure
All Time Plastic has set aside 50% of the net offer for qualified institutional bidders, while non institutional investors will have 15% of allocations. Retail investors will get 35% of the allocation in the IPO.
All Time Plastics IPO: Objective
The company plans to utilise funds raised from fresh issuance for acquiring machinery for its Manekpur plant in Gujarat, payment of debt, general corporate purposes and other expansion efforts.
About the company
All Time Plastics has 14 years’ experience of manufacturing plastic consumerware products for everyday household needs. It primarily exports products to retailers in the European Union, the UK, and the US. In India, it sells through modern trade retailers, super distributors (who supply to distributors), and distributors (who supply to general trade stores).
From FY23 to FY25, All Time Plastics has demonstrated consistent financial growth. Revenue rose from ₹443 crore to ₹558 crore, while PAT improved from ₹28 crore to ₹47 crore. EBITDA margin improved to 18.12% in FY25, and return on equity stood at 19.01%.
Book running lead managers
Intensive Fiscal Services and DAM Capital Advisors are the merchant bankers for All Time Plastics’ public issue, and Kfin Technologies is the registrar.
The allotment for the All Time Plastics IPO is expected to be finalised on August 12, while the company is expected to list on the stock exchanges on August 14.
