Introduction
The IPO market in 2025 has been buzzing with opportunities, and All Time Plastic Limited has quickly become one of the most talked-about offerings. Known for its diverse range of household and industrial plastic products, the company is tapping the capital markets to fund expansion, repay debt, and strengthen its brand presence.
As the IPO enters Day 3, the final subscription day, investors are keenly watching Grey Market Premium (GMP) trends, subscription data, and expert opinions to decide whether this issue is worth their capital. Let’s break down everything you need to know before you apply.
Company Overview
All Time Plastic Limited is a well-established manufacturer of plastic products catering to household, kitchenware, storage, and industrial packaging needs. The brand enjoys wide retail penetration, with products sold in:
- Large modern retail chains
- E-commerce platforms
- Small and medium retail stores across India
Its product portfolio covers hundreds of SKUs, ensuring a steady demand across seasonal and economic cycles. The company also has a growing export business, supplying to multiple countries in Asia, the Middle East, and Africa.
IPO Details
Issue Type: Book-Built IPO
Price Band: [Example: ₹140 – ₹150 per share]
Issue Size: Combination of fresh equity shares and offer for sale (OFS)
Lot Size: [Example: 100 shares per lot]
Listing: NSE and BSE
Issue Period: Day 1 to Day 3 (Final subscription closing today)
Use of Proceeds:
- Capacity Expansion – Setting up new manufacturing lines to meet rising demand.
- Debt Reduction – Lowering interest expenses and strengthening financial stability.
- Brand Building – Marketing and distribution network expansion.
Subscription Status by Day 3
The IPO saw a moderate opening on Day 1, with retail investors leading the charge. Day 2 brought in stronger participation from High Net Worth Individuals (HNIs) and Non-Institutional Investors (NIIs).
By Day 3 morning, the subscription pattern looked like this:
- Retail Quota – Healthy oversubscription
- NII Quota – Moderate subscription, picking up momentum
- QIB Quota – Building gradually, with possible last-hour surge
Historically, QIB bids tend to come in bulk on the final day, so the closing numbers could be much stronger than early-day figures.
Grey Market Premium (GMP) Trends
The GMP reflects market sentiment before listing. For All Time Plastic, the GMP started on a positive note, indicating expectations of listing gains. However, as the market digested more information on valuation and subscription pace, the GMP adjusted slightly lower.
A stable GMP suggests that while listing gains may not be extraordinary, market confidence remains intact. This is often a better sign for long-term investors, as excessive GMP volatility can indicate speculation-driven demand.
Financial Performance Snapshot
All Time Plastic has shown steady revenue growth over the last few years, driven by:
- Expanding domestic demand for durable plastic products
- Rising exports to new markets
- Continuous product innovation
Strengths in the Numbers:
- Consistent year-on-year revenue growth
- Healthy gross margins, aided by operational efficiencies
- Reasonable debt levels compared to industry peers
Areas to Watch:
- Raw material costs (linked to crude oil prices) can affect margins
- Competitive pricing pressure in the domestic market
Strengths of All Time Plastic IPO
- Diversified Product Range
Covers multiple segments, reducing reliance on any single product line. - Strong Distribution Network
Presence in both offline retail and e-commerce ensures wide reach. - Export Potential
Growing global footprint offers revenue diversification. - Brand Recognition
Well-known in the household plastic products category, especially in value-for-money segments.
Risks and Challenges
- Raw Material Price Fluctuations
Plastic products depend heavily on polymer prices, which are volatile. - Intense Competition
Both organised and unorganised players are aggressive in this sector. - Changing Consumer Preferences
Rising environmental awareness could push demand towards eco-friendly alternatives. - Dependence on Retail Demand Cycles
Economic slowdowns can temporarily impact sales volumes.
Peer Comparison
In the listed space, All Time Plastic competes indirectly with companies in the packaging and household goods sectors. While it may not match the scale of the largest FMCG packaging firms, it holds a solid niche in affordable, functional plastic products.
Its valuation, based on current price band and financials, appears reasonable compared to peers, especially considering its steady revenue growth and manageable debt.
Expert Review
- For Long-Term Investors:
The company’s focus on capacity expansion, brand building, and export markets positions it for steady growth. If you’re seeking a consumer-goods play with both domestic and export exposure, this IPO could be attractive. - For Short-Term Traders:
With GMP indicating mild-to-moderate listing gains, short-term profits are possible but may not be huge. Entry should be weighed against overall market conditions. - For Conservative Investors:
Waiting for post-listing performance could provide a clearer picture of valuation stability.
Should You Apply? — Final Verdict
| Investor Profile | Recommendation |
|---|---|
| Aggressive / Growth | Apply for both potential listing gains and long-term value. |
| Short-Term Trader | Apply if you’re comfortable with moderate GMP-based gains. |
| Conservative | Observe initial trading, then consider entry. |
The decision ultimately depends on your risk appetite and investment horizon. The company’s fundamentals are sound, but market conditions at the time of listing will influence short-term returns.
Tips for IPO Investors
- Apply Early or in Multiple Lots – Increase allotment chances.
- Don’t Chase Only GMP – Focus on fundamentals and industry outlook.
- Diversify Your IPO Bets – Spread risk across different sectors.
- Review Post-Listing – Sometimes, better buying opportunities come after the initial hype.
Conclusion
The All Time Plastic IPO on Day 3 presents a balanced mix of opportunities and risks. The company’s diversified product portfolio, brand recognition, and export growth make it a credible candidate for long-term investment. While short-term gains may be moderate, steady operational performance could unlock value over time.
For investors who believe in the growth of consumer goods and the resilience of essential household products, this IPO offers an interesting entry point into a niche yet stable market segment.