All Time Plastics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹275
Per ShareLot Size
54 Shares
Minimum Investment
₹14,850
Issue Size
₹400.6 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
All Time Plastics Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
90.99%
Promoter Holding (Post-Issue)
70.15%
Issue Type
Book Building
ISIN
INE0GV601021
About the Company
Our Company has 14 years' experience of manufacturing plastic consumerware products for everyday household needs. Our products include eight categories: Prep Time (kitchen tools for preparing cooking ingredients); Containers (food storage containers); Organization (miscellaneous storage containers); Hangers (various types of hangers); Meal Time (kitchenware); Cleaning Time (cleaning equipment); Bath Time (bathroom products); and Junior (child-friendly tableware, cutlery and other items). We primarily produce consumerware for customers to market under their own brand names (i.e., on a business-to-business basis), which is known as white label manufacturing. We also sell our products under our proprietary "alltime" brand (i.e., on a business-to-consumer basis). We primarily export our products to retailers in the European Union, the United Kingdom and the United States, and also sell our products in India to modern trade retailers, super distributors (who sell to distributors) and distributors (who sell to general trade stores).
Industry Overview
The Indian consumerware market is estimated to be INR 273.6 billion in the year ended March 31, 2024 and the market is expected to reach INR 299.9 billion in the year ended March 31, 2025. Projections indicate continued growth with a compound annual growth rate of 10.7% in the subsequent four years, reaching a market size 498.7 billion by the year ended March 31, 2030 (source: Technopak Report). The market is broadly divided into three categories - Consumer Houseware, Consumer Glassware, and Small Kitchen Appliances, with the plastic consumerware industry estimated to grow at a compound annual growth rate of 11.6% between the years ended March 31, 2025 and 2030, growing from INR 103.6 billion to an estimated market size of INR 179.2 billion by the year ended March 31, 2030 (source: Technopak Report). For the year ended March 31, 2025, branded play accounted for approximately 54% (approximately INR 162.3 billion) of the Indian consumerware market and is projected to increase to approximately 60% (approximately INR 299.9 billion) by the year ended March 31, 2030, growing at a compound annual growth rate of 13.0%.
Company History
Our Company was incorporated as "All Time Plastics Private Limited", a private limited company under the Companies Act, 1956 on March 8, 2001, and was granted the certificate of incorporation by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Pursuant to a special resolution passed by our Shareholders at the EGM on May 21, 2024 approving the conversion of our Company into a public limited company, the name of our Company was changed to "All Time Plastics Limited", and the RoC issued a fresh certificate of incorporation on August 5, 2024.
Products & Services
- The Company has 14 years' experience of manufacturing plastic consumerware products for everyday household needs. It primarily produces consumerware for customers to market under their own brand names, which is known as white label manufacturing.
Growth Strategy
- Expand our existing production capacity.
- Propel manufacturing processes through digital innovation and enhancement of our automation and mould development capabilities.
- Continue to expand our plastic homeware product offerings.
- Diversify our revenue stream through the manufacturing of bamboo products.
- Acquire new customers and sell more products to our existing customers.
- Selective Expansion into Overseas Markets.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets for the last reported financial year.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 14,570,760 equity shares of face value of Rs. 2/- each ("Equity Shares") of All Time Plastics Limited ("Company" or "Issuer") for cash at a price of Rs. 275/- per equity share (Including a Share Premium of Rs. 273/- per Equity Share) ("Offer Price") aggregating to Rs. 400.60 crores ( "Offer") comprising a fresh issue of 10,185,198 equity shares of face value Rs. 2/- each by the company aggregating to Rs. 280.00 crores ( "Fresh Issue") and an offer for sale of 4,385,562 equity shares aggregating to Rs. 120.60 crores, by the selling shareholders (As Defined Hereinafter) ("Offer for Sale"). This offer includes a reservation of 35,750 equity shares of face value Rs. 2/- each (Constituting 0.05% of the post-Offer Paid-up Equity Share Capital) for purchase by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer would constitute 22.24% and 22.19%, respectively, of the post-offer paid-up equity share capital. The company in consultation with the brlms, offered a discount of 9.45% (Equivalent to Rs. 26/- per Equity Share) to the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Our Company owns and operate strategically located and integrated manufacturing facilities, enabling high volume, low-cost and high quality plastic consumerware production.
- Our Company offers a wide and growing range of plastic consumerware products, supported by our inhouse product and mould design teams.
- Our Company has long-standing relationships with global retailers including IKEA, Asda, Michaels and Tesco, and Indian retailers.
- Our Company has demonstrated focus on sustainable practices and environmental responsibility, and maintains a landfill-free policy, ensuring zero landfill waste from our operations.
- Our Company exhibits strong financial performance and financial metrics with our revenue from operations increasing from Rs.4,434.86 million for Fiscal 2023 to Rs.5,581.67 million for Fiscal 2025.
- Its business largely depends upon the company top four customers and in particular its top customer. For Fiscals 2025, 2024 and 2023, the company revenue from its top customer represented 59.29% (consolidated), 60.36% and 58.54% of the company revenue from operations, respectively, and its revenue from the company's top four customers represented 78.42% (consolidated), 83.30% and 82.65% of revenue from operations, respectively. The loss of any of its top four customers, and in particular its top customer, or the loss of revenue from sales to these top customers could have a material adverse effect on the company business, financial condition, results of operations and cash flows.
- The company does not have long-term agreements for the sale of its products with a majority of the compant customers. If its customers choose not to source their requirements from the company, it could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- In order to get better pricing by buying in larger volumes, its generally buy the primary raw materials and packing materials the company need from few suppliers. For Fiscals 2025, 2024 and 2023, its cost of raw materials and packing materials purchased from our top supplier represented 21.26% (consolidated), 22.86% and 23.65% of the company cost of raw materials and packing materials purchased, respectively, and its cost of raw materials and packing materials purchased from the company top 10 suppliers represented 73.24% (consolidated), 75.24% and 75.62% of its cost of raw materials and packing materials purchased, respectively. If any of the company top 10 suppliers ceased selling us the raw materials and packing materials we require in the quantities the company need and its were unable to find a supplier to replace it, it could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Rapid increases in raw material prices, especially plastic granules prices, could have an adverse effect on its business, results of operations, financial condition and cash flows.
- Pricing pressure from its customers could adversely affect the company gross margin and ability to increase its prices, which could in turn have a material adverse effect on the company results of operations and financial condition.