The company’s stock started trading at ₹311.30, a jump of 13.2% from the issue price on the NSE. The company’s market valuation stood at ₹2,058.91 crore.
Non Institutional Investors (NIIs) led the subscription numbers, booking their reserved portion nearly 13.5 times. Retail investors subscribed their reserved portion more than 5 times. Qualified Institutional Buyers (QIBs) have booked their reserved portion more than 10 times.Ahead of its listing, the unlisted shares of the company were trading with a grey market premium (GMP) of over 7% as against the IPO price at ₹275.
All Time Plastics has already garnered ₹120 crore from anchor investors, including Ashoka India Equity Investment Trust PLC, Canara Robeco Mutual Fund (MF), Bandhan MF, Edelweiss MF, 360 ONE Equity Opportunity Fund, Nuvama and Gagandeep Credit Capital.
The IPO comprised 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.Funds raised from the fresh issue will be used 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 were the merchant bankers for All Time Plastics’ public issue, and Kfin Technologies was the registrar.
