All Time Plastics Submitted Draft Papers With SEBI To Float IPO

All Time Plastics Limited has filed the draft red herring prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). All Time Plastics IPO is a combination of the fresh issue and offer for sale (OFS), whereby, the company is seeking to raise ₹350 crore from the fresh issue while the offer-for-sale comprises 52,50,000 equity shares of a face value of ₹2 each.

All Time Plastics Limited has appointed Intensive Fiscal Services Private Limited and DAM Capital Advisors Limited as the book-running lead manager while KFin Technologies Limited as the registrar for the issue.

Purpose of All Time Plastics IPO

Fresh Issue

• The company proposes to utilise the net proceeds towards funding the following objects: Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
• Purchase of equipment and machinery for the Manekpur Facility.
• General corporate purposes.

Offer For Sale

The company will not receive any proceeds from the Offer for Sale. The proceeds of the Offer for Sale shall be received by the Selling Shareholders and will not form part of the net proceeds. Each of the Selling Shareholders will be entitled to its respective portion of the proceeds of the Offer for Sale after deducting its respective proportion of the Offer expenses and relevant taxes thereon. 

About All Time Plastics Limited

Incorporated in 2001, All Time Plastics Limited is a manufacturing company with more than 13 years of experience in producing plastic consumer ware products for everyday household needs. In FY2024, the company exported products valued at approximately USD 57 million, reflecting ~26% of India’s total plastic houseware exports. The company currently manufacture its products from its fully integrated manufacturing facilities in Daman, Dadra and Nagar Haveli and Daman and Diu and Silvassa, Dadra and Nagar Haveli and Daman and Diu.

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