All Time Plastics, a leading manufacturer of plastic consumerware, made a striking debut on the National Stock Exchange (NSE) on August 14, 2025, with its shares listing at ₹311.30—marking a 13.2% premium over its IPO price of ₹275. The strong listing reflects investor confidence in the company’s export-driven business model and its growth potential in both domestic and international markets.
A Strong Market Debut
The company’s shares opened at ₹311.30 on the NSE and ₹314.30 on the BSE, delivering a 13–14% premium over the issue price. This performance exceeded grey market expectations, which had predicted a modest 4% listing gain. The ₹401 crore IPO was priced in the range of ₹260–₹275, with the final allotment at the upper end, indicating strong demand.
The listing was met with enthusiasm from investors, many of whom saw immediate gains. For example, retail investors who received allotment saw a profit of ₹16,810.2 per lot (54 shares), based on the NSE listing price.
IPO Subscription Snapshot
All Time Plastics’ IPO was oversubscribed 8.62 times overall, with particularly strong interest from non-institutional and institutional investors:
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Qualified Institutional Buyers (QIBs): Subscribed 10.30 times
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Non-Institutional Investors (NIIs): Subscribed 14.01 times
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Retail Investors: Subscribed 5.36 times
The company also raised ₹119.91 crore from anchor investors ahead of the IPO, including marquee domestic and global institutions.
Business Overview
All Time Plastics is a 14-year-old company specializing in plastic houseware products. It operates over 1,800 SKUs across eight categories, including:
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Kitchenware
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Food storage containers
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Cleaning products
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Hangers
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Child-friendly tableware
The company’s export focus is a key differentiator—over 85% of its revenue comes from international markets. It supplies to global retail giants such as IKEA, Tesco, Asda, and Michaels, and also serves Indian retailers like Spencer’s Retail.
This global footprint has helped All Time Plastics build a resilient business model, with consistent demand from developed markets and growing traction in India’s modern trade ecosystem.
Use of IPO Proceeds
The IPO included a fresh issue of 1.02 crore shares worth ₹280.09 crore and an offer for sale of 0.44 crore shares worth ₹120.60 crore by promoters. The company plans to use the proceeds for:
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Prepayment or repayment of certain borrowings
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Acquisition of new machinery for its Manekpur facility in Gujarat
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General corporate purposes
These investments are expected to boost production capacity, improve operational efficiency, and support future expansion.
Market Sentiment and Analyst Views
Market experts have responded positively to the listing, citing the company’s strong fundamentals and export-driven strategy. According to analysts:
“All Time Plastics has carved a niche in the global houseware segment. Its robust client base and consistent export revenue make it a compelling long-term play.”
“The listing premium reflects investor optimism, but the real test will be in sustaining growth and delivering on expansion plans.”
What’s Next?
With a successful listing behind it, All Time Plastics will now be under the spotlight for its quarterly performance, execution of expansion plans, and ability to maintain margins amid rising input costs. Investors will also watch how the company navigates currency fluctuations and global demand trends.
The IPO’s success adds momentum to India’s primary market, which has seen a flurry of activity in 2025. It also reinforces the appetite for companies with strong export credentials and scalable business models.
Sources: Economic Times, LiveMint, Upstox
