All Time Plastics IPO GMP Today
As of August 4, 2025, the Grey Market Premium (GMP) for All Time Plastics IPO is ₹0, indicating the shares are expected to list at par with the issue price (₹260–₹275). This neutral sentiment suggests cautious investor interest ahead of the subscription opening on August 7, 2025.
All Time Plastics IPO: Key Details
| Parameter | Details |
|---|---|
| IPO Dates | August 7–11, 2025 |
| Price Band | ₹260–₹275 per share |
| Lot Size | 54 shares (Min: ₹14,850) |
| Issue Size | ₹400.60 Cr (Fresh: ₹280 Cr + OFS: ₹120.6 Cr) |
| Listing Exchange | BSE & NSE (Expected: August 14, 2025) |
| Face Value | ₹2 per share |
| Employee Discount | ₹26 per share |
IPO Structure
- Fresh Issue: 1.02 Cr shares (₹280 Cr) for debt repayment and expansion.
- Offer for Sale (OFS): 43.85 Lakh shares (₹120.6 Cr) by promoters.
About All Time Plastics Ltd.
- Founded: 1971 | Headquarters: Mumbai
- Business: Leading B2B plastic consumerware manufacturer (2nd largest in India).
- Clients: IKEA, Tesco, Asda, Michaels.
- Product Range: 1,848 SKUs (kitchenware, storage, hangers, childcare).
- Revenue Split:
- B2B (White-label): 91.66%
- Own Brand (“All Time”): 7.56%
Manufacturing Facilities:
- Daman, Silvassa, and Manekpur (Gujarat).
- IPO funds to expand Manekpur unit.
IPO GMP & Listing Gain Expectations
- Current GMP: ₹0 (No premium/discount).
- Expected Listing Price: ₹275 (upper band).
- Potential Gain: 0% (Neutral market outlook).
Note: GMP fluctuates daily. Check our IPO GMP Tracker for real-time updates.
Why GMP Matters:
- Indicates grey market demand.
- May change during subscription.
Financial Performance (₹ Crores)
| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Revenue | 559.24 | 515.88 | 443.76 |
| Profit After Tax | 47.29 | 44.79 | 28.27 |
| EBITDA | 101.34 | 97.10 | 73.38 |
| Total Debt | 218.51 | 142.35 | 171.74 |
| Net Worth | 249.13 | 202.35 | 157.84 |
Growth Trends:
- Revenue: +8.4% (FY25 vs. FY24).
- PAT: +5.6% (FY25 vs. FY24).
IPO Lot Size & Investment Limits
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 54 | 14,850 |
| Retail (Max) | 13 | 702 | 1,93,050 |
| HNI (Min) | 14 | 756 | 2,07,900 |
| HNI (Max) | 68 | 3,672 | 10,09,800 |
How to Apply:
- Retail Investors: UPI ASBA via net banking/broker apps.
- Cut-off Time: 5 PM on August 11, 2025.
IPO Quota Allocation
- QIB (50%): Includes anchor investors.
- Retail (35%): Max ₹2 lakh per application.
- NII/HNI (15%): Min ₹2 lakh.
- Employee Reservation: 35,750 shares (Discounted price: ₹249).
Promoter Holding Pre & Post-IPO
- Pre-IPO: 90.98%
- Post-IPO: ~73–75% (After OFS dilution).
IPO Objectives (Use of Funds)
- Debt Repayment: ₹143 Cr (65% of borrowings).
- Capex: ₹113.71 Cr for Manekpur machinery.
- General Corporate Needs: Balance funds.
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | August 7, 2025 |
| IPO Closes | August 11, 2025 |
| Allotment Finalized | August 12, 2025 |
| Refunds Initiated | August 13, 2025 |
| Listing | August 14, 2025 |
Key Financial Ratios (KPI)
| Ratio | Value | Industry Benchmark |
|---|---|---|
| ROE | 19.01% | 15–20% (Good) |
| ROCE | 16.99% | 12–18% (Healthy) |
| Debt/Equity | 0.84 | <1 (Acceptable) |
| P/E (Post-IPO) | 38.09 | Higher than peers |
Peer Comparison:
- Shaily Engineering (P/E: 80.69)
- Cello World (P/E: 40.71)
Risks to Consider
- Business Risks:
- Dependence on global clients (IKEA, Tesco).
- Plastic raw material price volatility.
- Financial Risks:
- High post-IPO P/E (38.09).
- Debt repayment critical.
Company & Registrar Contact
All Time Plastics Ltd.
- Address: B-30, Royal Industrial Estate, Wadala, Mumbai 400031.
- Phone: +91-22-66208900
- Email: companysecretary@alltimeplastics.com
- Website: www.alltimeplastics.com
Registrar (KFin Technologies)
- Website: Kosmic KFintech
- Email: atpl.ipo@kfintech.com
Should You Invest?
Pros:
✔ Strong global client base (IKEA, Tesco).
✔ Revenue growth (8% CAGR).
✔ Debt reduction to improve ROCE.
Cons:
✖ High P/E (38.09) vs. peers.
✖ Low GMP (₹0) suggests muted listing.
Verdict:
- Long-term investors: Consider for steady growth.
- Short-term traders: Avoid due to low listing gain potential.
How to Check Allotment & Refunds
- Allotment Status:
- Visit KFin Tech IPO Status (Aug 12).
- Enter PAN or application number.
- Refunds:
- Failed bids refunded by Aug 13, 2025.
- Listing Day Strategy:
- Hold: If fundamentals align with your goals.
- Sell: If listing price exceeds ₹300 (unlikely as per GMP).
IPO RHP & DRHP Documents
- DRHP: Filed with SEBI: All Time Plastics IPO DRHP
- RHP: Released on Aug 2, 2025: All Time Plastics IPO RHP
FAQs (Frequently Asked Questions)
1. What is the expected listing price?
- ₹275 (upper band) as per current GMP.
2. How to apply via Zerodha/Upstox?
- Go to IPO section → Select All Time Plastics → Bid via UPI.
3. What is the minimum investment?
- ₹14,850 (1 lot = 54 shares).
4. When will shares be credited?
- Aug 13, 2025 to demat accounts.
5. Is this IPO good for listing gains?
- Unlikely, given ₹0 GMP.
6. What is the post-IPO debt level?
- Reduced to ~₹75 Cr (from ₹218.51 Cr).
7. Who are the lead managers?
- Intensive Fiscal Services & DAM Capital.
8. What is the ROE?
- 19.01% (above industry average).
9. Can NRIs apply?
- Yes, under NRI/QIB category.
10. Listing date?
– August 14, 2025 (BSE/NSE).
