All Time Plastics Unveils Rs 400-Crore IPO with Price Band of Rs 260-275

All Time Plastics Ltd., a prominent player in the plastic houseware industry, has announced the details of its much-anticipated Initial Public Offering (IPO). The company is set to raise Rs 400.00 crore through this public issue, which is scheduled to open on August 7 and close on August 11.

IPO Details

The IPO comprises two components:

• A fresh issue of 1.02 crore shares, aiming to raise Rs 280.00 crore
• An offer for sale of 0.44 crore shares, valued at Rs 120.60 crore

The company has set the price band for the IPO at Rs 260-275 per share. At the upper end of the price band, All Time Plastics is valued at Rs 1,800.00 crore.

Key Dates and Investment Information

• IPO Opening Date: August 7
• IPO Closing Date: August 11
• Share Allotment Date: August 12
• Listing Date: August 14

For retail investors, the minimum investment required is Rs 14,040 for a lot of 54 shares.

Company Overview

Established in 1971, All Time Plastics has carved a niche for itself in the plastic houseware products industry. The company's product portfolio spans across eight categories, catering to both B2B white-label and B2C branded segments.

Business Highlights

A significant aspect of All Time Plastics' business model is its strong relationship with IKEA, the Swedish furniture giant. IKEA contributes a substantial 60% to the company's revenue, underlining the importance of this partnership for All Time Plastics' growth and stability.

Market Position

With a history dating back over five decades, All Time Plastics has established itself as a key player in the plastic houseware sector. The company's dual focus on B2B white-label manufacturing and B2C branded products allows it to maintain a diversified business model, potentially offering stability and growth opportunities.

The upcoming IPO represents a significant milestone for All Time Plastics, providing an opportunity for investors to participate in the growth story of this established player in the plastic houseware industry.

Investors and market watchers will be keenly observing the performance of this IPO, given All Time Plastics' established presence in the industry and its strategic partnership with a global retail giant like IKEA.