Sunil Singhania's Abakkus-backed All Time Plastics IPO to open for subscription on August 7

All Time Plastics IPO

Mumbai-based consumerware products maker All Time Plastics, which is backed by the ace investor Sunil Singhania-owned Abakkus Asset Manager, will open its maiden public issue for subscription on August 7. The offer will close on August 11.

The company has filed red herring prospectus with the Registrar of Companies (RoC) on August 1, after receiving approval for its draft red herring prospectus in January this year.

The anchor book of the offer will be launched entirely for institutional investors on August 6. The IPO share allotment will get finalised by August 12.

All Time Plastics shares will be available for trading on the bourses effective August 14.

The IPO comprises of fresh issuance of equity shares worth Rs 280 crore and an offer-for-sale of 43.85 lakh shares by promoters.

Towards the end of June 2025, Sunil Singhania' Abakkus Four2Eight Opportunities Fund has bought shares worth Rs 70 crore from the company in a pre-IPO round, and additional Rs 30 crore worth shares from company's promoters through second purchases, at Rs 248 per share.

As a result, Abakkus holds 7.29 percent stake in All Time Plastics, and the fresh issue size has been reduced by Rs 70 crore to Rs 280 crore, from Rs 350 crore planned at the time of filing of DRHP.

Currently, promoters have 90.98 percent shareholding in the company, and the remainder 9.02 percent shares are owned by public shareholders including Abakkus Four2Eight Opportunities Fund.

The company will utilise Rs 143 crore of the fresh issue proceeds for repaying debts. Further, Rs Rs 113.7 crore will be used for the purchase of equipment and machinery for the Manekpur facility and installation of automated storage and retrieval system (ASRS) for warehouse in Manekpur. And the remainder funds will be set aside for general corporate purposes.

All Time Plastics manufactures household plastic consumerware products for its customers which markets company's products under their own brand names, i.e. white-label manufacturing. It also sells consumerware products under its proprietary brand name - All Time Branded Products.

White-label manufacturing segment contributed 91.66 percent to its revenue in FY25, and 7.56 percent portion of revenue accounted by All Time Branded Products.

Its profit for the year ended March 2025 stood at Rs 47.3 crore, increasing by 5.6 percent from Rs 44.8 crore in the previous year. Revenue during the same period grew by 8.8 percent to Rs 558.1 crore.

Intensive Fiscal Services, and DAM Capital Advisors are acting as the merchant bankers for the All Time Plastics IPO.