Mumbai: Consumerware products manufacturer All Time Plastics Ltd made a strong debut on the stock exchanges on Thursday, with its shares listing at a premium of over 14 percent against the issue price of Rs 275. On the Bombay Stock Exchange (BSE), the stock opened at Rs 314.30, reflecting a 14.29 percent gain. It later rose further to Rs 322.15, marking a 17.14 percent surge. At the National Stock Exchange (NSE), the shares listed at Rs 311.30, up 13.2 percent from the IPO price, giving the company a market valuation of Rs 1,976.37 crore at the time of listing.
IPO Receives Strong Investor Interest
The Rs 401 crore Initial Public Offer (IPO) of All Time Plastics was met with robust demand, getting subscribed 8.34 times on the final day of bidding. The IPO had a price band of Rs 260-275 per share. It consisted of a fresh issue of equity shares worth Rs 280 crore and an offer for sale (OFS) of 43.8 lakh shares, valued at Rs 120.6 crore at the upper price band, by the promoters. The strong listing performance is attributed to positive investor sentiment, a well-structured offer, and optimism surrounding the company's export-driven business model.
Proceeds and Expansion Plans
The company has outlined a clear roadmap for the use of proceeds from the fresh issue. A significant portion will go toward acquiring new machinery for its Manekpur manufacturing plant in Gujarat. The funds will also be used to repay debts, meet general corporate expenses, and support future expansion. This strategic allocation is expected to improve operational efficiency and enhance production capacity.
Strong Export Presence and Domestic Distribution
With over 14 years of experience in plastic consumerware manufacturing, All Time Plastics primarily exports to major retailers in the European Union, the UK, and the US. In India, it operates through a wide distribution network including modern trade outlets, super distributors, and general trade stores. Its dual focus on global markets and domestic retail is seen as a key strength by market analysts.
