The All Time Plastics IPO is one of the most talked-about offerings this August 2025, combining a strong export-focused business with ambitious India growth plans. If you are considering applying for this IPO or simply want to understand the company’s strengths, potential, and risks, this in-depth yet reader-friendly article covers everything you need to know.
IPO Dates and Key Details
- IPO Opens: August 7, 2025
- IPO Closes: August 11, 2025
- Price Band: ₹260–₹275 per share
- Face Value: ₹2 per equity share
- Lot Size: 54 shares (minimum investment: ₹14,040)
- Total Issue Size: ₹400.60 crore (fresh issue: ₹280 crore, offer for sale: ₹120.60 crore)
- IPO Allotment Date: August 12, 2025
- Shares Credited to Demat: August 13, 2025
- Listing Date: August 14, 2025 (BSE & NSE)
- Registrar: Kfin Technologies Ltd.
- Lead Managers: Intensive Fiscal Services Pvt. Ltd., DAM Capital Advisors Ltd.
About All Time Plastics Ltd.
With over 14 years of manufacturing expertise, All Time Plastics is a leading Indian plastic consumerware manufacturer and exporter. The company designs and manufactures a wide range of everyday-use plastic items: food containers, kitchenware, storage solutions, hangers, and bathroom accessories.
Dual Business Model:
- B2B (White Label): Exports to major global retailers (including IKEA, Tesco, ASDA, Michaels) who sell these products under their own brands.
- B2C (Branded): Products sold under the “alltime” brand in India and internationally.
Exports accounted for about 85% of FY25 revenue, with the company boasting long-term relationships with European, UK, and US-based distributors and retailers. Domestically, All Time Plastics is expanding its footprint through modern trade and online retail.
Manufacturing Edge:
With three plants (Daman, Silvassa, Manekpur) near ports and raw material hubs, and a production capacity of 33,000 tonnes per annum, the company leverages advanced robotic and all-electric Japanese injection moulding machines to ensure high volume, precision, and efficiency. Capacity expansions funded by the IPO are set to unlock further growth.
Financial Performance and Market Position
- Consistent revenue growth with a double-digit CAGR over the past three years
- FY25 PAT margin: 8.46%
- Large scale B2B exports (IKEA alone contributed nearly 60% of revenue in FY25)
- Strong operating margins, though slightly below consumer brand leaders
All Time Plastics stands out as a major OEM supplier, but its own branded segment is still limited (7.56% of FY25 revenue), offering future growth opportunities if domestic brand expansion succeeds.
Strengths
- Deep, long-standing ties with global retailers—high customer stickiness
- State-of-the-art, strategically located manufacturing facilities
- Robust export order book and global exposure
- Rapid SKU (product) innovation and the ability to scale up new product lines
Risks and Challenges
- Heavy dependency on a handful of large export customers, especially IKEA (59% of revenue), exposes the company to business concentration risk.
- Domestic brand recognition is low compared to leading Indian brands such as Cello and Milton.
- Profit margins are healthy but lag behind peer branded players due to the OEM business model.
- Exposure to global market demand swings, currency fluctuations, and input cost volatility.
- Bulk of revenue still comes from the white label/OEM segment; brand-led margin gains depend on successful execution.
IPO Objective
Proceeds from the IPO will fund:
- Expansion of manufacturing capacity at Manekpur
- Working capital requirements
- Brand building and strengthening domestic distribution
- Loan repayments
This capex is expected to boost operating leverage and help the company move up the value chain over time.
Should You Apply?
If you are seeking a play on India’s growing consumerware exports and want to participate in a company with solid customer relationships and manufacturing excellence, All Time Plastics is worth considering. Bear in mind, however, the business risks around customer concentration and dependence on export markets. For long-term investors who believe in India’s manufacturing and consumer story, this IPO could offer attractive potential as the company scales both its B2B and B2C arms.