All Time Plastics Reports Rs 1,655.64 Crore Utilization of IPO and Pre-IPO Proceeds
All Time Plastics Limited has reported utilizing Rs 1,655.64 crore from its IPO and Pre-IPO proceeds for the quarter ended September 30, 2025. The funds were primarily used for debt repayment (Rs 1,357.51 crore), capital expenditure (Rs 42.20 crore), and issue expenses (Rs 255.93 crore). Crisil Ratings Limited, the monitoring agency, confirmed that the utilization aligns with the objectives disclosed in the offer document. The company has Rs 1,844.36 crore of unutilized funds deployed in fixed deposits.
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All Time Plastics Limited, a prominent player in the Housewares & Specialities sector, has reported the utilization of Rs 1,655.64 crore from its Initial Public Offer (IPO) and Pre-IPO proceeds for the quarter ended September 30, 2025. The company's monitoring agency, Crisil Ratings Limited, has confirmed that the utilization aligns with the objectives disclosed in the offer document.
Key Highlights of Fund Utilization
- Debt Repayment: The company utilized Rs 1,357.51 crore for prepayment or repayment of outstanding borrowings and working capital facilities.
- Capital Expenditure: Rs 42.20 crore was spent on purchasing equipment and machinery for the Manekpur Facility.
- Issue Expenses: A total of Rs 255.93 crore was used to cover IPO and Pre-IPO related expenses.
Detailed Breakdown of Fund Utilization
| Particulars | Amount (Rs in crore) |
|---|---|
| Repayment of borrowings | 1,357.51 |
| Equipment and machinery purchase | 42.20 |
| IPO Issue expenses | 228.91 |
| Pre-IPO Issue expenses | 27.02 |
| Total Utilization | 1,655.64 |
Unutilized Funds
As of September 30, 2025, the company reported Rs 1,844.36 crore of unutilized funds. These funds have been deployed in fixed deposits with various banks, earning returns between 5.25% to 6.16%.
Management Commentary
The company's management stated that the utilization of funds is in line with the objects disclosed in the prospectus. They also noted that there have been no deviations from the stated objectives.
Monitoring Agency's Observations
Crisil Ratings Limited, acting as the monitoring agency, confirmed that:
- All utilization is as per the disclosures in the Offer Document.
- There have been no material deviations in the use of proceeds.
- The means of finance for the disclosed objects of the issue remain unchanged.
Future Plans
All Time Plastics Limited plans to continue utilizing the remaining funds as per the objectives stated in their offer document. This includes further investment in equipment and machinery for their Manekpur Facility and general corporate purposes.
The company's strategic deployment of IPO and Pre-IPO proceeds demonstrates its commitment to debt reduction, capacity expansion, and overall business growth. Investors and stakeholders will likely keep a close watch on how the remaining funds are utilized in the coming quarters.
Historical Stock Returns for All Time Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.08% | -1.48% | -6.21% | -8.30% | -8.30% | -8.30% |
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