All Time Plastics Makes 14% Premium Debut, IPO Subscribed 8.62×

All Time Plastics Limited, the plastic consumerware manufacturer, made an impressive debut on BSE and NSE on August 14, 2025. After closing its IPO bidding between August 7-11, 2025, the company commenced trading with a strong 14% premium at ₹314.30 on BSE, exceeding market expectations and reflecting solid investor confidence in the plastic manufacturing sector.

All Time Plastics Listing Details

All Time Plastics Limited launched its IPO at ₹275 per share with a minimum investment of 54 shares costing ₹14,850. The IPO received an excellent response with a subscription of 8.62 times - QIB at 10.30 times, NII leading at 14.01 times, and retail investors at 5.36 times, indicating strong investor interest across all categories in the plastic consumerware business.

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First-Day Trading Performance Outlook

Listing Price:  The All Time Plastics share price opened at ₹314.30 on the BSE and ₹311.30 on the NSE, representing premiums of 14.29% and 13.2%, respectively, from the issue price of ₹275, delivering substantial gains for investors and significantly exceeding market expectations.

Growth Drivers and Challenges

Growth Drivers:

Strong Export Portfolio: Generates over 85% revenue from exports with long-standing relationships with global retailers, including IKEA, Asda, Michaels, and Tesco, providing stable revenue streams and international market presence.

Diversified Product Range: Wide portfolio of 1,848 SKUs across eight categories, including kitchen tools, containers, and cleaning equipment, catering to diverse consumer needs and market segments.

Integrated Manufacturing Facilities: Strategically located manufacturing facilities enabling high volume, low-cost, and high-quality plastic consumerware production with efficient operational capabilities.

Sustainable Business Practices: Demonstrated focus on sustainable practices and environmental responsibility, positioning the company well for future regulatory compliance and consumer preferences.

Challenges:

Export Dependency: A high reliance on export markets exposes the company to fluctuations in foreign exchange, international trade policies, and global economic uncertainties that can impact revenue stability.

Increased Debt Burden: Total borrowings increased to ₹218.51 crore in FY25 from ₹142.35 crore in FY24, raising concerns about financial leverage and debt servicing capabilities.

Competitive Market Environment: Operating in a highly competitive plastic manufacturing industry with price pressures and margin compression challenges affecting profitability and sustainability.

Utilisation of IPO Proceeds

Debt Reduction: ₹143 crore for prepayment or repayment of outstanding borrowings, improving the capital structure and reducing financial leverage burden significantly.

Capacity Enhancement: ₹113.71 crore for the purchase of equipment and machinery for the Manekpur facility, enhancing production capabilities and operational efficiency.

General Corporate Purposes: ₹0.40 crore for general corporate purposes supporting business operations and strategic initiatives in the plastic manufacturing sector.

Financial Performance of All Time Plastics

Revenue: ₹559.24 crore for FY25, showing steady growth of 8% from ₹515.88 crore in FY24, reflecting consistent demand for plastic consumerware products.

Net Profit: ₹47.29 crore in FY25, representing a growth of 6% from ₹44.79 crore in FY24, indicating stable operational performance and margin management. 

Financial Metrics: Strong ROE of 19.01%, impressive ROCE of 16.99%, debt-to-equity ratio of 0.88, solid RoNW of 19.01%, healthy PAT margin of 8.46%, robust EBITDA margin of 18.16%, Price to Book Value of 7.15, and market capitalisation of ₹1,801.37 crore.