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

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:

1. All utilization is as per the disclosures in the Offer Document.
2. There have been no material deviations in the use of proceeds.
3. 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.

All Time Plastics Limited, a leading manufacturer of plastic-based articles, has announced its financial results for the second quarter of fiscal year 2026, showcasing impressive growth and strategic expansion.

Strong Financial Performance

The company reported a substantial increase in its consolidated revenue from operations, which surged to ₹14,740.38 crore in Q2 FY26, compared to ₹3,376.75 crore in the corresponding quarter of the previous year, marking a remarkable 4.3x growth. This significant revenue boost demonstrates the company's strong market position and effective growth strategies.

Profit and Profitability

Despite the substantial revenue growth, All Time Plastics experienced a slight dip in net profit, which stood at ₹4,217.74 crore for Q2 FY26, compared to ₹4,284.65 crore in the same period last year. This marginal decrease in profit amidst significant revenue growth may indicate increased operational costs or strategic investments for future growth.

Key Financial Highlights for Q2 FY26

Successful Initial Public Offering

A significant milestone for All Time Plastics was the completion of its Initial Public Offering (IPO) during the quarter. The company issued 14,570,760 equity shares at ₹275 per share, which included a fresh issue of 10,185,198 shares. The IPO raised funds for debt repayment, equipment purchase for the Manekpur facility, and general corporate purposes. The equity shares were listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited on August 14, 2025.

Strategic Expansion

All Time Plastics incorporated All Time Bamboo Private Limited as a wholly-owned subsidiary during the quarter. This strategic initiative suggests the company's intent to explore sustainable alternatives and expand its market presence.

Conclusion

All Time Plastics Limited's Q2 FY26 results reflect a company in a strong growth phase, with significant revenue expansion and strategic initiatives underway. The successful IPO and the incorporation of a new subsidiary demonstrate the company's ambition and forward-looking approach. However, the slight dip in net profit amidst substantial revenue growth warrants attention and may be an area for the company to address in coming quarters.

Investors and market watchers will likely keep a close eye on how All Time Plastics leverages its recent capital raise and new ventures to drive sustainable growth and profitability in the competitive plastic manufacturing sector.