All Time Plastics IPO: Check IPO Date, Lot Size, Price & Details

Introduction:

The company is a manufacturing company with 14 years of experience of producing plastic consumerware products for everyday household needs. It primarily produce consumerware for customers to market under their own brand names which is known as white-label manufacturing.However, it also sell its consumerware products under its own proprietary brand name (“All Time Branded Products”) (i.e., on a business-to-consumer (“B2C”) basis).

As at March 31, 2025, it had 1,848 stock-keeping units (“SKUs”) across eight categories: Prep Time (kitchen tools for preparing cooking ingredients); Containers (food storage containers); Organization (miscellaneous storage containers); Hangers (various types of hangers); Meal Time (kitchenware); Cleaning Time (cleaning equipment); Bath Time (bathroom products); and Junior (child-friendly tableware, cutlery and other items). It primarily exports its products to retailers in the European Union, the United Kingdom and the United States, and also sell its products in India to IKEA and other modern trade retailers, super distributors (who sell to distributors) and distributors (who sell to general trade stores).Its products were exported to 29 countries in Fiscal 2025. It has long-standing relationships with global retailers, including IKEA, Asda Stores Limited, trading as Asda (“Asda”), Michaels Stores, Inc., trading as Michaels (“Michaels”) and Tesco Plc (“Tesco”). Further, it also sell its products to Indian retailers, including Spencer’s Retail Limited, among others. It currently manufacture its products from its fully integrated manufacturing facilities in Daman, Dadra and Nagar Haveli and Daman and Diu (the “Daman Facility”), Silvassa, Dadra and Nagar Haveli and Daman and Diu (the “Silvassa Facility”) and Manekpur, Gujarat (the “Manekpur Facility”).

Its manufacturing facilities use robotics and automatic assembly machines, and other modern machinery including “all electrical” injection moulding machines purchased from Japanese manufacturers. Further, it also tracks the movement of its products using an Enterprise Resource Planning (“ERP”) system throughout the entire supply chain from manufacturing to distribution to its end customers. As at the date of this Red Herring Prospectus, the Company has two subsidiaries, namely: All Time Plastics Pte. Limited, a wholly-owned subsidiary incorporated on November 13, 2024 under the laws of Singapore; and All Time Bamboo Private Limited, a wholly-owned subsidiary incorporated on July 5, 2025 under the laws of India.

IPO Details:

Objectives of Issue:

• 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

Key Strengths:

• Strategically located and integrated manufacturing facilities, – The company own and operate three fully integrated manufacturing facilities at (a) Daman, Dadra and Nagar Haveli and Daman and Diu, (b) Silvassa, Dadra and Nagar Haveli and Daman and Diu and (c) Manekpur, Gujarat. Its manufacturing facilities are strategically located within the industrial processing zones of western India and in close proximity to ports (for exporting its products and obtaining raw materials) and petrochemical plants (for obtaining its key raw materials). Its manufacturing facilities are also in close proximity to the Tumb inland container depot in Vapi, Gujarat (“ICD Tumb”), which enhances its logistics by not only reducing its logistics costs but also providing inland container depot services for efficient transportation and handling of goods.
• Long-standing relationships with global retailers, including IKEA, Asda, Michaels and Tesco, and Indian retailers - The company has been selling products to IKEA, its largest customer in Fiscal 2025 for more than 27 fiscal years, Asda, its second largest customer in Fiscal 2025, for more than 14 fiscal years, Michaels, its third largest customer in Fiscal 2025, for more than four fiscal years, and Tesco, its fourth largest customer in Fiscal 2025, for more than 17 fiscal years.
• Wide and growing range of plastic consumerware products- The company has wide spectrum of consumerware products cater to a diverse range of needs. As at March 31, 2025, it had 1,848 SKUs across its eight product categories. In order to cater to evolving customer demands, it launches new products by leveraging its experience, market knowledge, in-house product design team and mould design team. Its in-house product design team, which was established more than 20 years ago, enables it to offer customized designs as per its customers’ requests without them incurring additional time and expenses associated with outsourcing design tasks to a third party. Its in-house mould design team also broadens its scope for innovation and customization and helps it to develop new products by facilitating the development of new technologies.

Risks:

• High Dependency on Top Customers- The company business largely depends upon its top four customers and in particular its top customer, which exposes it to a high risk of customer concentration. While the top customer contributes more than 60% of the revenue , top 4 customers in total contributes more than 75% of the company’s revenue
• Regulatory Changes or Change in Consumer Preference- Changes in consumers’ preferences, regulatory or industry requirements, or competitive technologies could render certain of its products obsolete or less attractive. For instance, a shift in consumer preferences away from plastic products could potentially lead to a reduction in plastic consumerware purchases. Further, increased government regulations aimed at reducing plastic waste and promoting sustainability could require it to re-evaluate its product portfolio and invest in sustainable materials and processes. Its failure to anticipate and adapt to such changes promptly could result in lower demand for its products, reduction in market share, and adverse effects on its results of operations.
• Geopolitical Risks & Export Dependence-All Time Plastics derives a significant portion of its revenue from exports to international markets, particularly to developed countries like the United States, United Kingdom, and European nations. While this international exposure contributes positively to revenue diversification and foreign currency earnings, it also exposes the company to several geopolitical and trade-related vulnerabilities.

Financial Snapshot:

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