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Mint
2 days ago
- Business
- Mint
All Time Plastic IPO day 3: GMP, subscription status, review, other details. Apply or not?
The initial public offering (IPO) of All Time Plastic will close for subscription on Monday, August 11. The mainboard IPO had for bidding on Thursday, August 7 and has so far received good response from investors. On August 6, All Time Plastics raised ₹ 119.9 crore from 12 institutional investors in its anchor book. The anchor investors included Ashoka India, ABSL Umbrella Ucits Fund, Canara Robeco MF, Bandhan Mutual Fund, Abakkus Asset Manager, 360 ONE Equity Opportunity Fund, Edelweiss, Nuvama, and Gagandeep Credit Capital. Around 50 per cent of the total offering is reserved for qualified institutional buyers, 35 per cent is set aside for retail investors, and the remaining 15 per cent is allocated to non-institutional investors. With over 14 years of expertise in manufacturing everyday plastic consumer products, All Time Plastics primarily exports to retailers across the European Union, the UK, and the US. In the domestic market, the company distributes its products through modern trade retailers, super distributors (who supply to distributors), and distributors catering to general trade stores. All Time Plastic IPO was subscribed over 1.02 times by the end of the second day of bidding on August 8. The mainboard IPO has so far received 1,07,80,074 shares against offered 1,05,46,297, as of 5 pm on Friday, August 8. The retail portion was booked 1.44 times on the second day, meanwhile, Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs) were subscribed over 0.85 and 0.37 times. All Time Plastic IPO grey market premium (GMP) is +12. This means that the shares of All Time Plastic IPO is currently trading at a premium of ₹ 12 in the grey market, according to Based on the upper limit of the IPO price band and the prevailing premium in the grey market, All Time Plastics shares are expected to list at around ₹ 287 each — a 4.36 per cent gain over the IPO price of ₹ 275. Grey market trends over the last six sessions indicate an upward movement in the IPO's GMP today, pointing towards a strong debut. As per experts, the GMP has ranged from a low of ₹ 0 to a high of ₹ 25. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The All Time Plastics IPO includes a fresh equity share issue worth ₹ 280 crore by the company, along with an offer for sale of over 43.8 lakh shares from the promoters, valued at ₹ 120.6 crore at the upper price band. The IPO price band is set between ₹ 260 and ₹ 275 per share, bringing the total issue size to ₹ 401 crore. Proceeds from the fresh issue will be used for purchasing machinery for the company's Manekpur facility in Gujarat, repaying debt, meeting general corporate needs, and funding various expansion plans. Intensive Fiscal Services and DAM Capital Advisors are acting as the merchant bankers for All Time Plastics' public issue. Anshul Jain, Head of Research at Lakshmishree Investment, while giving 'subscribe for long-term' rating, said that the All Time Plastics IPO is set to IPO with a strong focus on design-led and sustainable products. ' Its established relationships with global retail giants and strong brand presence in the domestic market give it a competitive edge. The IPO aims to fund significant expansion and automation, strengthening its manufacturing capabilities for future growth. However, a closer look reveals the company's dependency on volatile raw material prices (polypropylene and polyethene), which can impact profitability. The company also faces risks from intense competition and a dynamic consumer market. Despite these challenges, All Time Plastics Ltd.'s strong brand, strategic growth plans, and alignment with modern consumer preferences for quality and sustainability make it an attractive long-term play. Verdict: Subscribe for the long term,' Jain added. Meanwhile, Gaurav Goel, Founder & Director at Fynocrat Technologies also gave ' subscribe for long-term' tag said, ' All Time Plastics combines a strong global export footprint with steady financial performance, robust return ratios, and expanding product lines. The IPO valuations appear moderate relative to peers, with a P/E of ~30.5x and EV/EBITDA of ~19x, supported by margins above 18% and a RoNW of 19%. The IPO offers investors an opportunity to participate in a growing consumer exports franchise with efficient operations and a reasonable valuation compared to listed peers.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
6 days ago
- Business
- Mint
All Time Plastics IPO Day 1 Live: Check GMP, subscription status, review, more. Should you apply or not?
All Time Plastics IPO: The public subscription for the initial share sale of All Time Plastics, a producer of consumerware products, will commence on August 7 and will end on August 11. All Time Plastics IPO price band is set between ₹ 260 and ₹ 275 per share, for a total initial public offering size of ₹ 401 crore. At the upper limit of this price range, the company's valuation exceeds ₹ 1,800 crore. On August 6, All Time Plastics secured ₹ 119.9 crore from 12 institutional investors through its anchor book. Participants in the anchor book included Ashoka India, ABSL Umbrella Ucits Fund, Canara Robeco MF, Bandhan Mutual Fund, Abakkus Asset Manager, 360 ONE Equity Opportunity Fund, Edelweiss, Nuvama, and Gagandeep Credit Capital. Fifty percent of the issue size has been designated for qualified institutional buyers, while 35 percent is allocated for retail investors, and the remaining 15 percent is set aside for non-institutional investors. All Time Plastics IPO consists of a fresh issuance of equity shares totaling up to ₹ 280 crore by the company, alongside an offer for sale of over 43.8 lakh equity shares worth ₹ 120.6 crore, at the upper end of the price range, from the promoters. This brings the overall size of the issue to ₹ 401 crore. The company intends to use the funds raised from the fresh issuance for the acquisition of machinery for its Manekpur facility in Gujarat, to pay off debts, for general corporate purposes, and for other expansion efforts. With 14 years of experience in producing plastic consumerware products for daily household use, All Time Plastics primarily exports its offerings to retailers in the European Union, the UK, and the US. In India, it markets its products through modern trade retailers, super distributors (who supply to distributors), and distributors (who serve general trade stores). Intensive Fiscal Services and DAM Capital Advisors are serving as the merchant bankers for the public issue of All Time Plastics. Subscription for the public issue will open at 10:00 IST during Thursday's deals. According to Anand Rathi, All Time Plastics has established enduring partnerships with international retailers such as IKEA, Asda, Michaels, and Tesco, alongside prominent Indian retail chains. Dedicated to sustainability, the company adheres to a strict policy that eliminates landfill waste, guaranteeing that all operational refuse is recycled, reused, or repurposed, which demonstrates its commitment to environmental stewardship. At the upper end of the price band, the company is valued at a P/E ratio of 36.1x for its FY25 earnings, with an EV/EBITDA of 19.8x and a market capitalization of ₹ 18,013 million following the issuance of equity shares. They consider the IPO to be fully valued and suggest a 'Subscribe Long Term' rating for the IPO. Canara Bank Securities noted that with a P/E of 30.52x and P/B of 5.80x for FY25, the valuations seem fair when compared to competitors like Shaily Engineering and Cello World. The brokerage has given a 'SUBSCRIBE' recommendation for well-informed investors who have a medium to long-term investment perspective, supported by the company's operational stability, export leadership, and expected growth driven by capacity expansion. All Time Plastics IPO grey market premium is +25. This indicates All Time Plastics IPO GMP share price were trading at a premium of ₹ 25 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of All Time Plastics IPO GMP share price was indicated at ₹ 300 apiece, which is 9.09% higher than the IPO price of ₹ 275. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
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Business Standard
6 days ago
- Business
- Business Standard
All Time Plastics IPO opens today; GMP up 9%; should you subscribe?
All Time Plastics IPO: The initial public offering (IPO) of plastic houseware products company, All Time Plastics, will open for public bidding today, August 7, 2025. At the upper end of the price band of ₹260 to ₹275, the company aims to raise ₹400.6 crore. The mainline offering comprises a fresh issue of 10.2 million equity shares and an offer for sale (OFS) of 4.4 million shares. Kailesh Punamchand Shah, Bhupesh Punamchand Shah, and Nilesh Punamchand Shah are the promoter selling shareholders. On Wednesday, August 6, the company raised ₹119.9 crore from 12 institutional investors through an anchor book. The investor Sunil Singhania's Abakkus-backed company has allotted 4.36 million equity shares to 12 funds at ₹275 per share. Ashoka India, Canara Robeco Mutual Fund, Bandhan Mutual Fund, Abakkus Asset Manager, 360 ONE Equity Opportunity Fund, Edelweiss, Nuvama, Gagandeep Credit Capital, and ABSL Umbrella UCITS Fund were the institutions that participated in the anchor, according to an exchange filing. All Time Electronics IPO grey market premium (GMP) The unlisted shares of All Time Plastics were trading at ₹300 in the grey market, up ₹25 or 9 per cent from the upper end price, according to sources tracking unofficial market activities. Should you subscribe to the All Time Plastics IPO? Anand Rathi Research - Subscribe for long term Analysts at Anand Rathi believe that All Time Plastics operates strategically located, fully integrated manufacturing facilities that enable cost-effective, large-scale production of high-quality plastic consumer products. The company has built long-standing relationships with global retailers such as IKEA, Asda, Michaels, and Tesco, as well as leading Indian retail chains. In addition, the company follows a strict landfill-free policy, ensuring all operational waste is recycled, reused, or repurposed, reflecting its dedication to environmental responsibility. "At the upper price band, the company is valued at P/E of 36.1x to its FY25 earnings, with EV/Ebitda of 19.8x and market cap of ₹1,801.3 crore post issue of equity shares," the brokerage said in a note. Anand Rathi has assigned a 'Subscribe-Long Term' rating to the IPO, adding that the issue is fully priced. Here are the key details of the All Time Plastics IPO: All Time Plastics IPO is available at a price band of ₹260 to ₹275 per share, with a lot size of 54 shares. Accordingly, investors can bid for a minimum of one lot or 54 shares of All Time Plastics and in multiples thereof. The minimum amount required by a retail investor to bid for the IPO is ₹14,850 at the upper end price. A retail investor can bid for a maximum of 13 lots or 702 shares, amounting to ₹1,93,050. The three-day subscription window to bid for the issue will conclude on Monday, August 11, 2025. Following the closure of the subscription window, the basis of allotment of shares is likely to take place on Tuesday, August 12, 2025. Shares of All Time Plastics are scheduled to make their D-street debut on Thursday, August 14, 2025, by listing on the BSE and NSE. Kfin Technologies is the registrar of the issue. Intensive Fiscal Services and DAM Capital Advisors are the book-running lead managers. According to the red herring prospectus (RHP), the company aims to utilise the net fresh issue proceeds for repayment/prepayment of certain outstanding borrowings availed by itself and the material subsidiary, Electronics Bazaar FZC. The remaining funds will be used for general corporate purposes.
