All Time Plastic IPO Review, GMP, Subscription Status & Expected Listing Price
All Time Plastic IPO sees steady demand; GMP hints at modest listing gains, strong growth outlook.
All Time Plastic IPO Day 3: GMP Signals Modest Listing Gains, Long-Term Potential
Mumbai, August 9 — The All Time Plastic IPO will close for subscription on Monday, August 11, 2025, after opening to strong investor interest on August 7. By the end of Day 2, the issue had been subscribed 1.02 times, with robust retail participation leading the way.
📌 GMP Signals Modest Listing Gains
According to Investorgain.com, the grey market premium (GMP) for All Time Plastic shares stands at ₹12 per share, suggesting an estimated listing price of around ₹287, a 4.36% premium over the upper price band of ₹275. GMP trends over the past six sessions have moved upward, peaking at ₹25.
📊 Subscription Status (as of Day 2)
♦ Overall: 1.02x (1,07,80,074 shares bid vs. 1,05,46,297 on offer)
♦ Retail Investors: 1.44x
♦ Non-Institutional Investors (NII): 0.85x
♦ Qualified Institutional Buyers (QIB): 0.37x
💼 IPO Details
♦ IPO Dates: Aug 7–11, 2025
♦ Price Band: ₹260–₹275 per share
♦ Issue Size: ₹401 crore
♣ Fresh Issue: ₹280 crore
♣ Offer for Sale (OFS): 43.8 lakh shares worth ₹120.6 crore
♦ Anchor Investment: ₹119.9 crore from 12 institutional investors (including Ashoka India, ABSL Umbrella Ucits Fund, Canara Robeco MF, Bandhan MF, Abakkus Asset Manager)
♦ Merchant Bankers: Intensive Fiscal Services, DAM Capital Advisors
🏭 Business Overview
With 14+ years in manufacturing everyday plastic consumer goods, All Time Plastics exports primarily to EU, UK, and US retailers. Domestically, it sells through modern trade, super distributors, and general trade channels.
💡 Use of Proceeds
Funds will be used for:
♦ Purchasing machinery for the Manekpur (Gujarat) facility
♦ Debt repayment
♦ Corporate needs & expansion plans
📌 Analyst Verdicts
Anshul Jain, Lakshmishree Investment — Subscribe for long term:
“The company’s strong relationships with global retail chains, focus on sustainable designs, and strategic expansion make it an attractive long-term play. Risks include raw material price volatility and intense competition.”
Gaurav Goel, Fynocrat Technologies — Subscribe for long term:
“With steady financial performance, healthy margins (18%+), RoNW of 19%, and reasonable valuations (P/E ~30.5x), the IPO offers exposure to a growing consumer exports franchise.”
💬 Bottom Line: Modest GMP suggests limited short-term listing gains, but analyst consensus leans toward long-term investment potential given strong fundamentals, export footprint, and expansion plans.
