All Time Plastics shares listed with a healthy premium over it's IPO price on the stock exchanges on August 14, following 8.34 times subscription to it's Rs 400.60-crore mainboard issue in the primary market between August 7 - 11.
Shares of consumerware products maker All Time Plastics Ltd listed at Rs 311.3 per share on the NSE, a premium of 13.20 percent over it's issue price. The price band for the offer was fixed at Rs 260 – 275 per share.
On the BSE, the shares of the company were listed at Rs 314.30, a premium of 14.29 percent. The company's total market capitalization post listing of shares stood at Rs 2,058.91 crore.
All Time Plastics share listing was better than the expectations in the grey market. Earlier, it had garnered Rs 120 crore from anchor investors.
All Time Plastics Shares: Should you buy, sell or hold?
Narendra Solanki, Head Fundamental Research - Investment Services, Anand Rathi Shares and Stock Brokers, noted that the company primarily operates on a B2B white-label basis, producing for customers’ brands, while also selling under its proprietary “All Time” brand (B2C).
As of March 31, 2025, it offered 1,848 SKUs across eight product categories. Its fully integrated manufacturing facilities are located in Daman, Silvassa, and Manekpur, with a combined installed capacity of 33,000 TPA. The Manekpur facility, commissioned in December 2024 with 4,000 TPA capacity, features advanced “all-electrical” injection moulding machines and automated storage systems. Capacity will be increased to 16,500 TPA by FY26 with 65 additional machines and further to 22,500 TPA in phases.
"This expansion is aimed at leveraging the growing global plastic houseware market and India’s export potential under the “China Plus One” strategy. At the upper price band company is valuing at P/E of 36.1x to its FY25 earnings, with EV/EBITDA of 19.8x and market cap of ₹ 18,013 million post issue of equity shares. Investors may HOLD the issue as a Long term view on IPO according to their risk appetite," he added.
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 of experience in 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).
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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