All Time Plastics IPO: Day One Subscription At 25% So Far—Check GMP And Other Details
The All Time Plastics IPO has been subscribed 0.25 times or 25% as of 2:30 p.m. on Thursday.
All Time Plastics Ltd.'s initial public offer was subscribed 0.25 times so far on Day One. The IPO will conclude on Monday.
The IPO is a book-built issue worth Rs 400.6 crore. It comprises a fresh issue of 1.02 crore shares, totaling Rs 280 crore, and an offer-for-sale of 44 lakh shares, amounting to Rs 120.6 crore.
The company is a leading manufacturer of plastic houseware products. Swedish furniture giant IKEA is among its major clients.
While most of its business comes from supplying consumerware to other brands, it also sells products directly to consumers under its own label, All Time Branded Products.
All Time Plastics Subscription Details
The All Time Plastics IPO has been subscribed 0.25 times or 25% as of 2:30 p.m. on Thursday.
Qualified Institutions: nil.
Non-Institutional Buyers: 0.18 times or 18%.
Retail Investors: 0.41 times or 41%.
Employee portion: 1.37 times
GMP Indicates Over 9% Listing Gain
The grey market premium of All Time Plastics was at Rs 25 as of 9:43 a.m. on Investorsgain website. The GMP price indicated 9.09% listing gain as indicated by the implied listing price of Rs 300.
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All Time Plastics Business And Financials
For the financial year ended March 31, 2025, All Time Plastics reported a total income of Rs 559.24 crore, up from Rs 515.88 crore in the previous fiscal. The company's profit after tax also increased to Rs 47.29 crore in FY25 from Rs 44.79 crore in FY24.
Use Of Proceeds
All Time Plastics plans to use the funds raised from the IPO for a few purposes. A portion will go towards repaying or prepaying some of its existing borrowings. The remaining funds will be used for general corporate needs.
