Latest news with #AllTimePlastics
Business Standard
15 hours ago
- Business
- Business Standard
All Time Plastics IPO subscribed 35%
The offer received bids for 37.18 lakh shares as against 1.05 crore shares on offer. The initial public offer of All Time Plastics received bids for 37,18,548 shares as against 1,05,46,297 shares on offer, according to stock exchange data at 17:00 IST on Thursday (7 August 2025). The issue was subscribed 0.35 times. The issue opened for bidding on 7 August 2025 and it will close on 11 August 2025. The price band of the IPO is fixed between Rs 260 and 275 per share. An investor can bid for a minimum of 54 equity shares and in multiples thereof. The offer comprises a fresh issue of up to 10,181,818 equity shares at the upper price band of Rs 275 and 10,769,231 equity shares at the lower price band of Rs 260, aggregating Rs 280 crore, and an offer for sale of up to 4,385,562 equity shares aggregating Rs 121 crore at the upper price band of Rs 275 and Rs 114 crore at the lower price band of Rs 260. The company plans to use the net proceeds from the IPO to repay borrowings of Rs 143 crore, purchase equipment and machinery worth Rs 113.71 crore for its Manekpur facility, and install an automated storage and retrieval system (ASRS). The remaining funds will be used for general corporate purposes. As of 30 June 2025, total outstanding borrowings stood at Rs 222.56 crore. The Manekpur facility is planned to have a total production capacity of 22,500 TPA. The company aims to initially set up 16,500 TPA capacity by FY26, involving an estimated spend of Rs 163.14 crore for machinery and Rs 28.23 crore for ASRS. The full 22,500 TPA capacity is expected by FY27. Post-issue, promoter shareholding will decline from 90.79% to 69.97%, with each promoterKailesh, Bhupesh, and Nilesh Punamchand Shahreducing their individual stakes from over 30% to around 23.3%. All Time Plastics, with over 14 years of experience, manufactures plastic consumerware primarily as a white-label supplier, which contributed 91.66% of its revenue in FY25. Its own brand, "All Time," accounted for 7.56% of revenue. The company exports to 29 countries, contributing 85.66% of FY25 revenue, and also sells domestically to clients such as IKEA. It operates three manufacturing units with a combined production capacity of 33,000 TPA. Ahead of the IPO, All Time Plastics on Wednesday, 6 August 2025, raised Rs 119.91 crore from anchor investors. The board allotted 43.60 lakh shares at Rs 275 each to 12 anchor investors. The firm reported a consolidated net profit of Rs 47.29 crore and sales of Rs 558.17 crore for the twelve months ended on 31 March 2025.
News18
16 hours ago
- Business
- News18
All Time Plastics IPO booked 35 pc on first day of bidding
New Delhi, Aug 7 (PTI) The initial share sale of consumerware product maker All Time Plastics Ltd got booked 35 per cent on the first day of bidding on Thursday. The initial public offer (IPO) received bids for 37,18,548 shares against 1,05,46,297 shares on offer, according to data available with the NSE. Retail Individual Investors (RIIs) part got subscribed 55 per cent and the quota for non-institutional investors received 33 per cent subscription. All Time Plastics on Wednesday said it has garnered Rs 120 crore from anchor investors. The company's public issue, with a price band of Rs 260-275 per share, will conclude on August 11. At the upper end of the price band, the company is valued over Rs 1,800 crore. The IPO is a combination of fresh issuance of equity shares worth up to Rs 280 crore by the company, and an offer-for-sale of over 43.8 lakh equity shares valued Rs 120.6 crore, at the upper end of the price band, by promoters. This takes the total issue size to Rs 401 crore. The company plans to utilise funds raised from fresh issuance for acquiring machinery for its Manekpur plant in Gujarat, payment of debt, general corporate purposes and other expansion efforts. All Time Plastics has 14 years' experience of manufacturing plastic consumerware products for everyday household needs. It primarily exports products to retailers in the European Union, the UK, and the US. In India, it sells through modern trade retailers, super distributors (who supply to distributors), and distributors (who supply to general trade stores). Intensive Fiscal Services and DAM Capital Advisors are the merchant bankers for All Time Plastics' public issue. The company is expected to list on the stock exchanges on August 14. PTI SUM SUM ANU ANU (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
19 hours ago
- Business
- Economic Times
All Time Plastics IPO: GMP at 9%, subscribed 14% on Day 1. Should you subscribe? Check key details
All Time Plastics launched its Rs 401 crore IPO for subscription today, August 7. In the grey market, the shares are trading at a 9% premium over the issue price of Rs 275. The IPO received a moderate response from investors during the initial hours of the first day. According to stock exchange data, by 11:45 AM on Day 1, the issue was subscribed 14% overall. The subscription period will close on August 11, 2025, giving investors a total of three days to place their bids for the IPO shares. ADVERTISEMENT The last Grey Market Premium (GMP) for All Time Plastics' IPO was Rs 25. This means the shares are trading at a premium of approximately 9% over the issue price of Rs 275. Based on this premium, the estimated listing price of the IPO is around Rs 300. The Initial Public Offering (IPO) of All Time Plastics received a moderate response from investors during the early hours of Day 1. According to data available on the stock exchanges, the IPO was subscribed 14% overall by 11:45 AM – Day the various investor categories, Retail Individual Investors (RIIs) showed a relatively stronger early interest, subscribing to 24% of the 52.92 lakh shares allocated to them. The Non-Institutional Investors (NIIs), which include high net-worth individuals and corporate entities, subscribed to 9% of their allotted 22.68 lakh shares. While this may seem like a slower response, it aligns with common market behavior where NIIs often wait to gauge overall demand before committing larger bids. ADVERTISEMENT In the case of Qualified Institutional Buyers (QIBs), there were no bids placed as of the reporting time for the 29.49 lakh shares reserved for this segment. However, this is not unusual, as institutional investors typically place bulk bids closer to the closing day of the IPO, once the market response becomes clearer. ADVERTISEMENT The company has set a price band of Rs 260–275 per share, and the shares are set to list on both the BSE and NSE on August IPO comes on the back of All Time Plastics' five-decade journey as a trusted contract manufacturer of plastic consumerware products. ADVERTISEMENT Known for supplying to global retail giants like IKEA, Tesco, Asda, and Michaels, the company is now looking to expand its footprint by significantly scaling capacity and strengthening its branded portfolio in the domestic company operates on a predominantly B2B model but has steadily diversified into the B2C segment under its in-house 'All Time' brand. Its current SKU count stands at 1,848 products across categories like kitchenware, bathware, storage containers, and child-friendly manufacturing units located in Daman, Silvassa, and Manekpur contribute to an installed capacity of 33,000 TPA as of FY25. ADVERTISEMENT The IPO proceeds will be used for repaying debt (Rs 143 crore), purchasing new machinery for the Manekpur facility (Rs 113.7 crore), and meeting working capital and general corporate requirements. The planned expansion is expected to enhance manufacturing efficiency and support increasing demand from both global and domestic FY23 to FY25, All Time Plastics has demonstrated consistent financial growth. Revenue rose from Rs 443 crore to Rs 558 crore, while PAT improved from Rs 28 crore to Rs 47 crore. EBITDA margin improved to 18.12% in FY25, and return on equity stood at 19.01%. At the upper end of the price band, the stock is valued at a P/E of 30.52x and P/B of suggest a 'Subscribe' rating for investors with a medium to long-term horizon. "The company's robust export presence, long-standing client relationships, strong margin profile, and upcoming capacity expansion support its growth outlook. Compared to peers like Shaily Engineering (P/E 78.93x) and Cello World (P/E 38.18x), All Time Plastics appears reasonably valued," said Canara Bank risks such as lack of long-term supply agreements with clients, raw material price volatility, and pricing pressure from global retailers should be noted. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
19 hours ago
- Business
- Time of India
All Time Plastics IPO: GMP at 9%, subscribed 14% on Day 1. Should you subscribe? Check key details
All Time Plastics launched its Rs 401 crore IPO for subscription today, August 7. In the grey market, the shares are trading at a 9% premium over the issue price of Rs 275. The IPO received a moderate response from investors during the initial hours of the first day. According to stock exchange data, by 11:45 AM on Day 1, the issue was subscribed 14% overall. The subscription period will close on August 11, 2025, giving investors a total of three days to place their bids for the IPO shares. All Time Plastics IPO GMP today Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The last Grey Market Premium (GMP) for All Time Plastics' IPO was Rs 25. This means the shares are trading at a premium of approximately 9% over the issue price of Rs 275. Based on this premium, the estimated listing price of the IPO is around Rs 300. All Time Plastics IPO Subscription Status The Initial Public Offering (IPO) of All Time Plastics received a moderate response from investors during the early hours of Day 1. According to data available on the stock exchanges, the IPO was subscribed 14% overall by 11:45 AM – Day 1. Among the various investor categories, Retail Individual Investors (RIIs) showed a relatively stronger early interest, subscribing to 24% of the 52.92 lakh shares allocated to them. Live Events The Non-Institutional Investors (NIIs), which include high net-worth individuals and corporate entities, subscribed to 9% of their allotted 22.68 lakh shares. While this may seem like a slower response, it aligns with common market behavior where NIIs often wait to gauge overall demand before committing larger bids. In the case of Qualified Institutional Buyers (QIBs), there were no bids placed as of the reporting time for the 29.49 lakh shares reserved for this segment. However, this is not unusual, as institutional investors typically place bulk bids closer to the closing day of the IPO, once the market response becomes clearer. All Time Plastics IPO Price Band and Other Details The company has set a price band of Rs 260–275 per share, and the shares are set to list on both the BSE and NSE on August 14. The IPO comes on the back of All Time Plastics' five-decade journey as a trusted contract manufacturer of plastic consumerware products. Known for supplying to global retail giants like IKEA, Tesco, Asda, and Michaels, the company is now looking to expand its footprint by significantly scaling capacity and strengthening its branded portfolio in the domestic market. The company operates on a predominantly B2B model but has steadily diversified into the B2C segment under its in-house 'All Time' brand. Its current SKU count stands at 1,848 products across categories like kitchenware, bathware, storage containers, and child-friendly items. Three manufacturing units located in Daman, Silvassa, and Manekpur contribute to an installed capacity of 33,000 TPA as of FY25. The IPO proceeds will be used for repaying debt (Rs 143 crore), purchasing new machinery for the Manekpur facility (Rs 113.7 crore), and meeting working capital and general corporate requirements. The planned expansion is expected to enhance manufacturing efficiency and support increasing demand from both global and domestic clients. All Time Plastics Financials From FY23 to FY25, All Time Plastics has demonstrated consistent financial growth. Revenue rose from Rs 443 crore to Rs 558 crore, while PAT improved from Rs 28 crore to Rs 47 crore. EBITDA margin improved to 18.12% in FY25, and return on equity stood at 19.01%. At the upper end of the price band, the stock is valued at a P/E of 30.52x and P/B of 5.80x. Should You Subscribe? Analysts suggest a 'Subscribe' rating for investors with a medium to long-term horizon. "The company's robust export presence, long-standing client relationships, strong margin profile, and upcoming capacity expansion support its growth outlook. Compared to peers like Shaily Engineering (P/E 78.93x) and Cello World (P/E 38.18x), All Time Plastics appears reasonably valued," said Canara Bank Securities. However, risks such as lack of long-term supply agreements with clients, raw material price volatility, and pricing pressure from global retailers should be noted. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
19 hours ago
- Business
- Business Standard
Sensex falls over 453 pts; auto shares decline
The key equity benchmarks continued to trade with moderate cuts in the mid-morning trade as investor sentiment took a hit following the US decision to impose an additional 25% tariff on imports. The Nifty traded below the 24,450 mark. Auto shares extended losses for the second consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, dropped 453.03 points or 0.56% to 80,090.96. The Nifty 50 index declined 157.65 points or 0.64% to 24,417.90. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.77% and the S&P BSE Small-Cap index fell 0.84%. The market breadth was weak. On the BSE, 1,242 shares rose and 2,521 shares fell. A total of 158 shares were unchanged. Trump's Tariff: United States President Donald Trump announced an additional 25% tariff on Indian goods on August 6. This effectively doubles the total import duties to 50%. The decision responds to Indias ongoing purchase of Russian oil, which the U.S. believes undermines its sanctions. The new tariffs will come into effect on August 27. The move is expected to severely impact key Indian export sectors, including leather, chemicals, footwear, gems and jewellery, textiles, and shrimp. IPO Update: The initial public offer (IPO) of Highway Infrastructure received bids for 1,94,89,75,561 shares as against 1,60,43,046 shares on offer, according to stock exchange data at 11:27 IST on Wednesday (6 August 2025). The issue was subscribed 121.48 times. The initial public offer (IPO) of All Time Plastics received bids for 12,10,950 shares as against 1,05,46,297 shares on offer, according to stock exchange data at 11:25 IST on Thursday (7 August 2025). The issue was subscribed 0.11 times. The initial public offer (IPO) of JSW Cement received bids for 1,58,01,534 shares as against 18,12,94,964 shares on offer, according to stock exchange data at 11:27 IST on Wednesday (6 August 2025). The issue was subscribed 0.09 times. Buzzing Index: The Nifty Auto index declined 1.07% to 23,495.20. The index dropped 1.6% in two consecutive trading sessions. Bharat Forge (down 2.67%), Tata Motors (down 2.26%), Samvardhana Motherson International (down 1.99%), Exide Industries (down 1.59%), Bajaj Auto (down 1.25%), Mahindra & Mahindra (down 1.1%), Eicher Motors (down 1.04%), MRF (down 0.94%), Balkrishna Industries (down 0.93%) and Tube Investments of India (down 0.51%) fell. On the other hand, Hero MotoCorp (up 0.9%), TVS Motor Company (up 0.15%) and Bosch (up 0.12%) edged up. Stocks in Spotlight: Sula Vineyards declined 4.81% after the companys consolidated net profit tumbled 86.7% to Rs 1.94 crore on 9.3% fall in revenue from operations (excluding net excise duty) to Rs 109.64 crore in Q1 FY26 over Q1 FY25. Trent rose 0.11%. The company reported a 9.45% increase in consolidated net profit to Rs 429.69 crore in Q1 FY26 as against Rs 392.57 crore posted in Q1 FY25. Revenue from operations jumped 18.98% YoY to Rs 4,883.48 crore in the quarter ended 30 June 2025. Global Markets: Asian shares advanced on Thursday even as U.S. President Donald Trump vowed to impose a 100% tariff on imports of semiconductors and chips. However, the companies that are building in the United States would be exempted from the said tariff. Meanwhile, South Korea posted a record-high current account surplus in June on strong demand for technology exports, central bank data showed on Thursday. The country's current account stood at a surplus of $14.27 billion, up from $10.14 billion in May. It was reportedly the biggest monthly surplus in the data series dating back to January 1980. South Korea's trade deal with the U.S. will take a huge burden off monetary policymakers at their upcoming meeting later this month, the country's central bank governor reportedly said on Thursday at his first meeting with the newly appointed finance minister. The Bank of Korea kept its benchmark interest rate unchanged at 2.50% last month, but a majority of board members signaled another rate cut in the next three months and warned of "significant" economic uncertainty from the U.S. tariffs. The central bank next meets on August 28. All three major equity averages on Wall Street finished with gains on Wednesday. The S&P 500 advanced 0.73% to finish at 6,345.06, while the Nasdaq Composite jumped 1.21%, closing at 21,169.42. The Dow Jones Industrial Average also rose 81.38 points, or 0.18%, to end the day at 44,193.12.
