The plastics consumerware market in India and globally continues to grow, driven by factors such as increasing consumer demand for affordable and durable household products. A key player in this sector, All Time Plastics Limited (ATPL), is set to launch its Initial Public Offering (IPO) on August 7, 2025. This IPO offers investors a chance to own a stake in a company with a strong B2B export-focused business model and a growing presence in the domestic B2C market.
This article provides a comprehensive overview of the All Time Plastics IPO, offering key insights for potential investors.
About All Time Plastics Limited (ATPL)
Established in 1971, All Time Plastics Limited is a prominent manufacturer of plastic consumerware products for a wide range of household needs. The company operates on a dual-pronged business model:
- B2B (White Label Manufacturing): This is the core of its business, where it manufactures products for major global retailers who sell them under their own brands. In FY2025, approximately 85% of its revenue came from exports to markets like the European Union, the United Kingdom, and the United States. Its long-standing relationship with global retail giant IKEA, which accounted for approximately 59% of its FY25 revenue, is a significant highlight.
- B2C (Retail Brand): The company also sells its products under its proprietary brand “alltime” through various domestic channels.
As of March 31, 2025, ATPL had a diverse portfolio of 1,848 SKUs across eight categories, including kitchenware, storage containers, hangers, and cleaning products. The company’s business model is backed by three strategically located manufacturing units that are integrated and automated.
All Time Plastics Ltd. IPO Details
The All Time Plastics IPO is a book-building issue that aims to raise ₹400.60 crore. The issue consists of a fresh issue of up to ₹280 crore and an Offer For Sale (OFS) of up to 43,85,562 equity shares, aggregating up to ₹120.60 crore, by existing shareholders. The IPO price band has been set at ₹260 to ₹275 per share, with a face value of ₹2 per share. A reservation of up to 35,750 shares has been made for eligible employees.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Thu, Aug 7, 2025 |
| IPO Close Date | Mon, Aug 11, 2025 |
| Tentative Allotment | Tue, Aug 12, 2025 |
| Initiation of Refunds | Wed, Aug 13, 2025 |
| Credit of Shares to Demat | Wed, Aug 13, 2025 |
| Tentative Listing Date | Thu, Aug 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 11, 2025 |
Key IPO Details
| Event | Details |
| IPO Date | August 7, 2025 to August 11, 2025 |
| Listing Date |
– |
| Face Value | ₹2 per share |
| Issue Price Band | ₹260 to ₹275 per share |
| Lot Size | 54 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,45,67,380 shares (aggregating up to ₹400.60 Cr) |
| Fresh Issue | 1,01,81,818 shares (aggregating up to ₹280.00 Cr) |
| Offer for Sale | 43,85,562 shares of ₹2 (aggregating up to ₹120.60 Cr) |
| Employee Discount | ₹26.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding (Pre-Issue) | 5,53,22,580 shares |
| Shareholding (Post-Issue) | 6,55,04,398 shares |
Lot Size of All Time Plastics IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 54.00 | ₹14,850 |
| Retail (Max) | 13 | 702.00 | ₹1,93,050 |
| S-HNI (Min) | 14 | 756 | ₹2,07,900 |
| S-HNI (Max) | 67 | 3,618.00 | ₹9,94,950 |
| B-HNI (Min) | 68 | 3,672.00 | ₹10,09,800 |
All Time Plastics Limited Financials
All Time Plastics Ltd. has shown steady financial growth. The company’s total income increased by 8%, rising from ₹515.88 crore in FY24 to ₹559.24 crore in FY25. Similarly, Profit After Tax (PAT) grew by 6%, increasing from ₹44.79 crore in FY24 to ₹47.29 crore in FY25. This growth reflects the company’s strong operational performance and ability to manage its financials effectively.
Key Performance Indicators (as of Mar 31, 2025)
- ROE: 19.01%
- ROCE: 16.99%
- Debt/Equity: 0.88
- RoNW: 19.01%
- PAT Margin: 8.46%
- EBITDA Margin: 18.16%
- Price to Book Value: 7.15
Company Financial Snapshot (₹ in crores)
| Period Ended | 31 Mar 2025 (₹ Cr) | 31 Mar 2024 (₹ Cr) | 31 Mar 2023
(₹ Cr) |
| Assets | 562.32 | 415.46 | 400.48 |
| Total Income | 559.24 | 515.88 | 443.76 |
| Profit After Tax | 47.29 | 44.79 | 28.27 |
| EBITDA | 101.34 | 97.10 | 73.38 |
| Net Worth | 249.13 | 202.35 | 157.84 |
| Reserves & Surplus | 247.73 | 200.87 | 156.60 |
| Total Borrowing | 218.51 | 142.35 | 171.74 |
Use of IPO Proceeds
The proceeds from the fresh issue component of the IPO will be utilised for:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company. | 143.00 |
| 2 | Purchase of equipment and machinery for the Manekpur Facility. | 113.71 |
| 3 | General corporate purposes. | – |
All Time Plastics Limited IPO Peer Comparison
All Time Plastics Limited operates in the competitive plastics manufacturing industry, with relevant peers including Shaily Engineering Plastics Limited and Cello World Limited. These companies, like All Time Plastics, specialise in the production of plastic products and solutions for various sectors, such as consumer goods, industrial applications, and packaging. Their comprehensive range of offerings makes them suitable for comparison within the industry.
Conclusion
The upcoming All Time Plastics IPO offers a compelling investment opportunity in a company with a strong foundation in the plastic consumerware industry. Its established relationships with global retailers and an efficient manufacturing setup are key strengths. The strategic use of IPO proceeds for debt reduction and capacity expansion signals a clear path for future growth. While the company faces risks, such as customer concentration and raw material price volatility, its solid financial performance and favourable industry outlook make it an interesting prospect. Investors should consider these factors carefully before making a decision.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
