All Time Plastics IPO

All Time Plastics Ltd

₹14,040 /54 sharesMinimum Investment

All Time Plastics IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE₹275.00₹311.30₹36.30 (13.20%)

All Time Plastics IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Aug ‘25 - 11 Aug ‘25₹14,04054₹260 - ₹275
Issue SizeIPO Doc
400.60Cr
RHP PDF

Subscription rate

As of 11 Aug'25, 05:00 PM
Qualified Institutional Buyers10.15x
Non-Institutional Investor13.06x
Retail Individual Investor4.59x
Employees7.12x
Total7.98x

About All Time Plastics

All Time Plastics is a manufacturer of plastic consumerware products for everyday household use. It operates in the business-to-business (B2B) segment through white-label manufacturing and also sells directly to consumers under its proprietary brand. As of FY25, the company offered 1,848 stock keeping units (SKUs) across eight categories, including food containers, kitchen tools, hangers, cleaning and bathroom products, and children’s tableware. Its products are sold in India through modern trade retailers, super distributors, and general trade channels. These products are also exported to 29 countries, including key markets in the European Union (EU), the United Kingdom (UK), and the United States (US). The company operates fully integrated manufacturing facilities located in Daman, Silvassa, and Manekpur, with a combined installed capacity of 33,000 tonnes per annum (tpa). Use of proceeds: The IPO consists of both a fresh issue and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company – Rs 143 crore. Purchase of equipment and machinery for the Manekpur facility, and installation of an automated storage and retrieval system (ASRS) in the warehouse of the Manekpur facility – Rs 113.71 crore. General corporate purposes – The remaining amount.;
Founded in
2001
Managing director
Mr Kailesh Punamchand Shah
Parent organisation
All Time Plastics Ltd
All Time Plastics Ltd IPO
https://www.youtube.com/watch?v=TlGo8MRFjfE

Strengths & Financials of All Time Plastics

Strengths
Risks
All Time Plastics operates three fully integrated manufacturing facilities located in Daman, Silvassa, and Manekpur, which are situated near key ports such as Nhava Sheva and Hazira, and the inland container depot at Vapi (Gujarat). The company claims that this proximity to ports and petrochemical hubs supports efficient logistics and uninterrupted raw material supply.
The company claims to have equipped its manufacturing facilities with advanced automation, including robotics, enterprise resource planning (ERP)-based inventory tracking, barcode labelling, and ‘all-electrical’ injection moulding machines sourced from Japanese manufacturers. As of FY25, 70.71 percent of its injection moulding machines were ‘all electrical,’ which the company says reduces noise, increases uptime, and improves product consistency.
The company offers 1,848 SKUs across eight consumerware categories and maintains in-house product and mould design teams. These teams help customise products for clients like IKEA, Asda, and Tesco, allowing rapid turnaround on prototypes and better alignment with global trends and customer preferences.
All Time Plastics claims its dual B2B and business-to-consumer (B2C) approach enables faster market testing and product feedback, allowing B2B clients to assess demand for branded products with lower upfront commitment. For example, some All Time branded products were later manufactured for IKEA under its own label.
The company has established long-term relationships with major international and Indian retailers. It claims to have been supplying products to IKEA for over 27 fiscal years, Asda for over 14 fiscal years, Michaels for over four fiscal years, and Tesco for over 17 fiscal years.
All Time Plastics claims to follow a landfill-free and energy-neutral manufacturing process, supported by in-house solar energy generation and renewable energy offsets.
The company is ISO 9001:2015 certified for its quality management systems, ISO 14001:2015 certified for its environmental management systems, and ISO 50001:2018 certified for its energy management systems.
The company has received a credit rating of CRISIL A-/Positive from CRISIL Ratings for its borrowing facilities.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 443.49 crore (standalone) in FY23 to Rs 512.85 crore (standalone) in FY24 and Rs 558.17 crore (consolidated) in FY25. PAT increased from Rs 28.27 crore (standalone) in FY23 to Rs 44.79 crore (standalone) in FY24 and Rs 47.29 crore (consolidated) in FY25.
The top customer, IKEA, accounted for Rs 330.95 crore (59.29 percent) (consolidated) of the company’s revenue in FY25, Rs 309.57 crore (60.36 percent) (standalone) in FY24, and Rs 259.62 crore (58.54 percent) (standalone) in FY23. Any failure to retain this key customer, expand the customer base, or a loss of business from this client can adversely affect the company’s business and financial standing.
The top 10 suppliers accounted for Rs 258.70 crore (73.24 percent) (consolidated) of the company’s total cost of materials purchased in FY25, Rs 222.89 crore (75.24 percent) (standalone) in FY24, and Rs 210.37 crore (75.62 percent) (standalone) in FY23. Furthermore, the top supplier alone accounted for Rs 75.11 crore (21.26 percent) (consolidated) of the company’s total cost of materials purchased in FY25, Rs 67.71 crore (22.86 percent) (standalone) in FY24, and Rs 65.79 crore (23.65 percent) (standalone) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The cost of materials consumed accounted for Rs 335.22 crore (67.72 percent) (consolidated) of the company’s total expenses in FY25, Rs 304.27 crore (66.79 percent) (standalone) in FY24, and Rs 274.99 crore (67.73 percent) (standalone) in FY23. Any sudden increase in raw material prices, especially plastic granule prices, could have an adverse effect on the company’s business, results of operations, financial condition, and cash flows.
The company is involved in certain ongoing legal proceedings, including criminal and tax-related cases. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
A significant portion of the company’s revenue is derived from the sale of its two product categories: prep time (kitchen tools for preparing cooking ingredients) and containers. Prep time accounted for Rs 199.63 crore (35.77 percent) (consolidated) of the company’s revenue in FY25, Rs 195.87 crore (38.19 percent) (standalone) in FY24, and Rs 161.79 crore (36.48 percent) (standalone) in FY23. Containers accounted for Rs 194.85 crore (34.91 percent) (consolidated) of the company’s revenue in FY25, Rs 168.57 crore (32.87 percent) (standalone) in FY24, and Rs 126.16 crore (28.45 percent) (standalone) in FY23. Any decline in revenue from the sales of these two product categories could hit the company’s business and finances.
As of FY25, the company had trade receivables of Rs 86.57 crore (consolidated), a sharp increase from Rs 48.34 crore (standalone) in FY24 and Rs 42.76 crore (standalone) in FY23. Any failure to collect these receivables on time or at all could hit the company’s business and finances.
As of June 30, 2025, the company had outstanding financial indebtedness amounting to Rs 222.56 crore (consolidated). Any failure to service or repay these loans on time could harm the company’s operations and financial position.

All Time Plastics Financials

*All values are in Rs. Cr
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Application Details of All Time Plastics IPO

Apply asPrice bandApply upto
Regular260 - 275₹2 Lakh
Employee234 - 249₹2 Lakh
High Networth Individual260 - 275₹2 - 5 Lakh
For All Time Plastics IPO, eligible investors can apply as Regular & Employee.