New Delhi, August 14 (Kiran News): Household plastic products manufacturer All Time Plastics made a strong entry into the stock market today, giving its IPO investors an initial listing gain. The company had issued its shares at ₹275 under the IPO. On debut, the stock opened at ₹314.30 on the BSE and ₹311.30 on the NSE, delivering a gain of around 14%. However, selling pressure after listing caused the stock to slip slightly. By 10:15 a.m., after the first hour of trade, shares were trading at ₹309.25, leaving IPO investors with a profit of about 12.45%.
The ₹400.70 crore IPO of All Time Plastics was open for subscription from August 7 to 11 and was oversubscribed 8.62 times overall. The Qualified Institutional Buyers (QIB) portion was subscribed 10.30 times, the Non-Institutional Investors (NII) portion 14.01 times, the Retail Investors portion 5.36 times, and the Employees’ portion 7.81 times. The IPO comprised 1,01,81,818 new shares worth ₹280.09 crore, along with an offer-for-sale of 43,85,562 shares with a face value of ₹2 each.
Proceeds from the IPO will be used to purchase equipment and machinery for the company’s Manekpur facility, repay existing debt, and meet general corporate purposes.
According to the company’s prospectus, its financial performance has been consistently improving. Net profit rose from ₹28.27 crore in FY 2022-23 to ₹44.79 crore in FY 2023-24, and further to ₹47.29 crore in FY 2024-25. Revenue grew at a compound annual growth rate (CAGR) of over 12%, reaching ₹559.24 crore. The company’s debt levels fluctuated during this period — ₹171.74 crore at the end of FY 2022-23, ₹142.35 crore at the end of FY 2023-24, and ₹218.51 crore at the close of FY 2024-25.
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