All Time Plastics IPO: Your Essential Investment Overview

The Indian stock market continues to be a vibrant space for new investment opportunities, with Initial Public Offerings (IPOs) frequently capturing investor attention. This time, we turn our gaze towards All Time Plastics Ltd. (ATPL), a long-standing and significant player in the plastic houseware manufacturing industry, as it gears up for its mainboard IPO. Understanding the intricate details of ATPL's offering is paramount for any investor aiming to make a well-informed decision. Let’s dive deep into this upcoming IPO, covering everything from the company's operational strengths and financial standing to the finer points of its public offering.

All Time Plastics Ltd.: A Rich History of Crafting Everyday Essentials

Established in 1971, All Time Plastics Limited (ATPL) has solidified its position as a leading Indian manufacturer of plastic houseware products. The company strategically serves both Business-to-Business (B2B) clients through its white-label manufacturing services and directly engages Business-to-Consumer (B2C) markets with its proprietary brand, "All Time Branded Products."

As of March 31, 2025, ATPL's product range is impressively diverse, featuring 1,848 Stock-Keeping Units (SKUs) organized into eight distinct categories:

• Prep Time: Including essential kitchen tools such as chopping boards, strainers, mixing bowls, and measuring tools.
• Containers: A wide array of food storage solutions like crisper, store fresh, and lock & safe containers.
• Organization: Various containers designed for miscellaneous storage needs.
• Hangers: Different types of hangers for clothing.
• Meal Time: Practical kitchenware for serving and dining.
• Cleaning Time: Products suchas dish drainers, bins, and dustpans.
• Bath Time: Comprehensive range of bathroom products.
• Junior: Child-friendly tableware, cutlery, and other items.

ATPL boasts robust, long-standing relationships with globally recognized retailers including IKEA, Asda Stores Limited, Michaels Stores, Inc., and Tesco Plc, underscoring its commitment to international quality and widespread market penetration. Within India, the company effectively reaches consumers through 22 modern trade retailers, such as Spencer’s Retail Limited, and a well-established network of five super distributors and 38 direct distributors spread across 23 states and six union territories. The company's operations are supported by a dedicated workforce of 690 employees and 1,589 contract laborers as of March 31, 2025.

The Public Offering: Snapshot of Key Information

The All Time Plastics IPO is structured as a book-built issue, combining fresh equity shares and an offer for sale (OFS). Here are the essential details:

Understanding Investment Tiers: Lot Size Breakdown

The number of shares an investor can apply for is defined by the lot size, with varying investment amounts for different categories of investors:

For retail investors, the maximum application is 13 lots (702 shares), amounting to ₹1,93,050.

IPO Journey: Key Dates on the Timeline

Plan your investment strategy around these important tentative dates for the All Time Plastics IPO:

Evaluating Financial Performance: A Robust Overview

All Time Plastics Ltd. has shown a consistent upward trend in its financial performance over recent fiscal years. A closer look at its consolidated and standalone financials highlights its operational strength:

Notably, the company’s revenue expanded by 8% from FY2024 to FY2025, and its Profit After Tax (PAT) rose by a healthy 6% in the same period, signaling effective management and growth.

Key Performance Metrics and Valuation Insights

To assess the company's operational efficiency and market valuation, here are key performance indicators as of March 31, 2025:

The projected market capitalization for All Time Plastics IPO is ₹1801.37 Crores. In terms of Price-to-Earnings (P/E) valuation, based on the upper end of the price band:

• Pre-IPO P/E: Approximately 32.17x
• Post-IPO P/E: Approximately 38.09x

Utilizing the Proceeds: Objectives of the IPO

The capital raised from the IPO is strategically allocated to bolster All Time Plastics Ltd.'s financial health and operational capabilities:

• Debt Optimization: A substantial portion, ₹143.00 Crores, is designated for the prepayment or repayment of certain outstanding borrowings, aiming to strengthen the company’s balance sheet and reduce financial leverage.
• Manufacturing Capacity Enhancement: ₹113.71 Crores will be invested in acquiring new equipment and machinery for the Manekpur Facility, signaling a clear intent to expand production capacity and enhance manufacturing efficiency.
• General Corporate Requirements: The remaining funds will be utilized for general corporate purposes, providing flexibility for ongoing business operations, strategic initiatives, and future growth opportunities.

Company Stewardship: Promoter Holdings

The company’s leadership comprises Kailesh Punamchand Shah, Bhupesh Punamchand Shah, and Nilesh Punamchand Shah, who are the dedicated promoters. Their commitment is reflected in the shareholding structure:

• Pre-Issue Promoter Holding: 90.98%
• Post-Issue Promoter Holding: 70.15%

Strategic Landscape: A SWOT Analysis of All Time Plastics Ltd.

A strategic evaluation of All Time Plastics Ltd. involves assessing its internal strengths and weaknesses, alongside external opportunities and potential threats:

• Strengths:
  • Established Market Footprint: Over five decades of operational experience since 1971, contributing to a strong brand reputation and significant market presence in plastic houseware.
  • Extensive Product Range: A vast portfolio of over 1,800 SKUs across diverse categories caters to a broad consumer base and various household needs.
  • Global and Domestic Reach: Robust relationships with major international retailers like IKEA, Asda, and Tesco, complemented by a wide and effective distribution network across India.
  • Vertically Integrated Manufacturing: Strategically located and integrated facilities enhance efficiency, control costs, and maintain high-quality production standards.
  • Consistent Financial Growth: Demonstrated track record of increasing revenues and profits signals strong operational management and business viability.
• Weaknesses:
  • Raw Material Price Sensitivity: As a plastic manufacturer, the company's profitability can be influenced by volatility in polymer prices.
  • Environmental Regulatory Landscape: Increasing global and domestic scrutiny on plastic usage and waste management could pose regulatory challenges and necessitate adaptation.
• Opportunities:
  • Growing Consumer Demand: Rising disposable incomes and urbanization in India continue to fuel demand for modern and functional houseware products.
  • Market Expansion & Product Diversification: Potential to enter new geographies, expand into related product segments, or strengthen direct-to-consumer channels.
  • Operational Enhancements: Utilizing IPO funds for machinery upgrades can further boost production capacity, improve efficiency, and reduce costs.
• Threats:
  • Intense Competitive Environment: Facing competition from both well-established organized players and numerous unorganized local manufacturers.
  • Economic Downturns: Consumer discretionary spending on houseware products can be adversely affected by broader economic slowdowns or inflation.
  • Emergence of Alternatives: Growing preference for sustainable materials could lead to competition from non-plastic alternatives.

Key Intermediaries: Registrar and Lead Managers

The smooth execution of the IPO is facilitated by experienced financial intermediaries:

• Book-Running Lead Managers: Intensive Fiscal Services Private Limited and Dam Capital Advisors Ltd. (formerly Idfc Securities Ltd.) are guiding the offering.
• Registrar to the Issue: Kfin Technologies Limited is responsible for managing the IPO application process, including allotment finalization and share credit.

Participating in the Offering: How to Apply

Investors keen on applying for the All Time Plastics IPO can do so conveniently through online platforms offered by various stockbrokers. The most common application methods include:

• UPI (Unified Payments Interface): A popular and efficient method where you can submit your IPO application via your broker's platform and authorize payment through your UPI app.
• ASBA (Application Supported by Blocked Amount): This facility is typically available through your bank's net banking portal, allowing the application amount to be blocked in your account until allotment.

It is advisable to have a functional Demat account with a registered stockbroker to participate in the IPO. Always check your broker's specific instructions for the application process.

Connect with All Time Plastics Ltd.: Company Contact Information

For direct inquiries or additional information about All Time Plastics Ltd., you may reach out using the following details:

• Address: B-30, Royal Industrial Estate, Wadala, Mumbai, Maharashtra, 400031
• Phone: +912266208900
• Email: companysecretary@alltimeplastics.com
• Website: http://www.alltimeplastics.com/

IPO Registrar Details: Kfin Technologies Limited

For any questions related to share allotment, refunds, or other administrative aspects of the IPO, Kfin Technologies Limited is the designated Registrar:

• Registrar: Kfin Technologies Limited
• Phone: 04067162222, 04079611000
• Email: atpl.ipo@kfintech.com
• Website: https://kosmic.kfintech.com/ipostatus/

Concluding Thoughts: Navigating Your Investment Path

The All Time Plastics IPO presents a compelling opportunity to consider investing in a well-established company within the essential plastic houseware industry. Its long operational history, expansive product portfolio, strong international and domestic market presence, and consistent financial performance paint a picture of a resilient business. Furthermore, the strategic use of IPO proceeds for debt reduction and capacity expansion suggests a forward-looking approach aimed at enhancing long-term stability and growth.

As with all investment decisions, a thorough evaluation is essential. Prospective investors should weigh the company's fundamentals against its valuation, consider the inherent risks of the industry (such as raw material fluctuations and evolving environmental regulations), and align the investment with their personal financial goals and risk tolerance. Consulting with a qualified financial advisor is always recommended to ensure the IPO fits into your broader investment portfolio and objectives for the medium to long term.