Long-time player in the plastic houseware business All Time Plastics Ltd is entering the capital market with its highly awaited initial public offering (IPO), which will open for public subscription on August 7, 2025, and close on August 11, 2025. With a legacy of strong manufacturing since 1971 and a wide portfolio of more than 1,800 stock-keeping units (SKUs), the IPO of the company comes at a juncture when retail and institutional investors are scouting for companies with consistent earnings and growth potential.
Here is a detailed analysis of what the IPO involves, the company’s history, financials, and what investors need to keep in mind.
IPO Details: Issue Size, Price Band, and Timeline
The IPO price band has been fixed at ₹260 to ₹275 per equity share, providing a reasonable valuation for prospective bidders. The issue includes a fresh issue of shares aggregating ₹280 crore and an offer for sale (OFS) up to 4.39 million equity shares by existing promoters and shareholders.
Investors will receive shares on the completion of allotment on August 12, refunds and share credit on August 13, and the stock will be listed in stock exchanges on August 14. The anchor investor bidding will happen a day prior on August 6.
The IPO is being led by the lead managers Intensive Fiscal Services and DAM Capital Advisors, with the registrar to the issue being KFin Technologies.
Utilisation of IPO Proceeds
A significant portion of the proceeds of the fresh issue—₹143 crore—is intended for repayment or prepayment of outstanding borrowings, which will go a long way in enhancing the debt profile and health of the company’s balance sheet.
Also, ₹113.7 crore is provided for acquiring machinery and equipment for the Manekpur plant, and the installation of an Automated Storage and Retrieval System (ASRS) to achieve improved warehousing efficiency.
The balance amount will be spent for general corporate purposes, testifying to a prudent policy of expansion, automation, and operational stability.
About the Company: A Household Name in Plastics
Established in 1971, All Time Plastics Ltd is a third-generation family business, focusing on the production of plastic houseware items. Over the years, it has established a strong presence in domestic and overseas B2B markets, while also establishing inroads in consumer retail under its own label, “All Time Branded Products.”
As of March 31, 2025, the company had 1,848 active SKUs in eight categories:
Prep Time
Containers
Organisation
Hangers
Meal Time
Cleaning Time
Bath Time
Junior Range (for kids)
Its business model revolves around white-label manufacturing for international and Indian retail chains and hence is a crucial backend supplier. The white-label segment in FY25 accounted for 91.66% of the company’s revenues, while direct-to-consumer (D2C) branded revenues were 7.56%. This provides tremendous scope for expansion of D2C brands in the future.
Financial Performance: Steady and Reliable
All Time Plastics has shown a strong and consistent financial performance in recent years. In the financial year ending March 2025, the company reported a net profit of ₹47.3 crore, a 5.6% increase from FY24. Total revenue rose to ₹558.1 crore, reflecting an 8.8% year-on-year growth.
This performance is backed by:
A stable B2B client base
Operational efficiency
A strategic move toward automation and process upgrades
The decision by the company to raise capital by issuing shares now resonates with its expansion plans, giving it a much-needed injection of capex coupled with deleveraging debt loads.
Why Investors Are Keeping a Close Eye on Closely
Some reasons why this IPO is also interesting for investors:
Legacy & Stability: With more than 50 years in business, All Time Plastics is a familiar name with a well-established manufacturing platform.
Diversified Revenue Stream: A combination of D2C and white-label segments assists in risk reduction while providing scope for long-term growth.
Industry Demand Strength: Domestic plastic household items continue to have demand owing to growing urbanisation and heightened emphasis on household organisation and cleanliness.
Prudent Deployment of Funds: Funds are being utilized for productivity-boosting automation and debt repayment—two signs of long-term planning.
Timing of IPO: Going public during a comparatively stable phase of the market bodes well for listing-day interest.
IPO Timeline at a Glance
All Time Plastics’ IPO offers an attractive investment proposition for both retail and institutional investors seeking low-risk manufacturing plays with stable returns and modest brand potential. Its cautious capital utilization approach and excellent track record show that the firm is not only positioned to secure its industry share but move into automated, scalable, and branded growth.
Though short-term returns will be subject to market trends and listing day performance, long-term investors can take advantage of the company’s consistent growth, minimal volatility, and prudent financial management. As the IPO approaches, closely tracking market trends and subscription status will be important.
