New Delhi, August 14 (HS): Household plastics manufacturer All Time Plastics entered the Indian stock market with an impressive opening today, delivering double-digit listing gains to its IPO investors before early selling pressure trimmed the rise.
Priced at ₹275 per share in its ₹400.70 crore IPO, the company’s stock debuted at ₹314.30 on the BSE and ₹311.30 on the NSE, marking a healthy 14% premium over the issue price. Despite the strong start, profit-booking kicked in soon after, and by 10:15 AM, the stock eased to ₹309.25 – still up 12.45% from its IPO price.
The IPO, open from August 7–11, witnessed stellar demand, being oversubscribed 8.62 times overall. The Qualified Institutional Buyers’ (QIB) quota was subscribed 10.30x, Non-Institutional Investors (NII) 14.01x, Retail Investors 5.36x, and Employee quota 7.81x. The offering included 1.02 crore fresh shares worth ₹280 crore and an offer-for-sale of 43.85 lakh shares with a face value of ₹2 each.
Proceeds from the issue will go towards purchasing new equipment and machinery for the company’s Manekpur facility, repaying existing debt, and meeting general corporate expenses.
Financially, All Time Plastics has shown steady growth. 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 has expanded at a compound annual growth rate (CAGR) exceeding 12%, reaching ₹559.24 crore. Debt levels fluctuated, moving from ₹171.74 crore at the end of FY 2022–23, down to ₹142.35 crore in FY 2023–24, before rising to ₹218.51 crore in FY 2024–25.
Analysts say the buoyant debut reflects investor confidence in the company’s growth story, but sustaining momentum will depend on market sentiment, sector dynamics, and the firm’s execution of its expansion and debt management plans.
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Hindusthan Samachar / Jun Sarkar
