All Time Plastics IPO Sees 53% Subscription on Day 2, Retail Leads with 85% Bids

All Time Plastics IPO has received bids for 5.6 million shares, resulting in a 53% subscription. Retail investors led the bids with an 85% subscription rate, while non-institutional investors booked 44% and QIBs received no significant bids. The IPO aims to raise ₹400.6 crore and will close on August 11, with shares expected to list on August 14. The price band is set at ₹260-275 per share.

The All Time Plastics IPO, launched on August 7, 2025, has received bids for 5.6 million shares, resulting in a 53% subscription rate by the end of Day 2 [3]. Retail investors led the bids with an 85% subscription rate, while non-institutional investors booked 44% of their quota. Notably, there were no significant bids from Qualified Institutional Buyers (QIBs). The IPO aims to raise ₹400.6 crore and will close on August 11, with shares expected to list on August 14 on the BSE and NSE [1].

The IPO, priced between ₹260 and ₹275 per share, has seen a grey market premium of ₹25 or 9% over the issue price of ₹275 [1]. The company, which specializes in manufacturing plastic consumerware products, plans to utilize the proceeds for debt repayment, purchasing new machinery, and general corporate purposes [1].

All Time Plastics has shown consistent financial growth, with revenue rising from ₹443 crore to ₹558 crore and PAT improving from ₹28 crore to ₹47 crore between FY23 and FY25 [1]. The company operates a predominantly B2B model but has diversified into the B2C segment under its in-house "All Time" brand [1].

Analysts suggest a 'Subscribe' rating for investors with a medium to long-term horizon, citing the company's robust export presence, long-standing client relationships, and strong margin profile [1]. However, risks such as lack of long-term supply agreements with clients, raw material price volatility, and pricing pressure from global retailers should be noted [1].

References:
[1] https://m.economictimes.com/markets/ipos/fpos/all-time-plastics-ipo-gmp-at-9-subscribed-14-on-day-1-should-you-subscribe-check-key-details/articleshow/123162622.cms
[3] https://www.business-standard.com/markets/news/all-time-plastics-ipo-sails-at-53-on-day-2-retail-leads-with-85-bids-125080800644_1.html