- Price Band: ₹260–₹275 per equity share (Face Value: ₹2)
- Employee Discount: ₹26 per equity share for eligible employees
- Anchor Investor Bidding: Opens Wednesday, August 6, 2025
- Public Offer Opens: Thursday, August 7, 2025
- Closes On: Monday, August 11, 2025 (UPI mandate by 5:00 PM)
- Minimum Bid Lot: 54 equity shares and in multiples thereafter
All Time Plastics Limited (“ATPL” or “Company”) has officially announced the launch of its Initial Public Offering (IPO), scheduled to open for subscription on Thursday, August 7, 2025, and close on Monday, August 11, 2025.(“Bid/Offer Opening Date”). UPI mandate end time and date shall be at 5.00 p.m. on August 11, 2025.
The Anchor Investor Bidding Date shall be Wednesday, August 6, 2025, one Working Day prior to the Bid/Offer Opening Date in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”).
With a price band set between ₹260 and ₹275 per equity share (face value ₹2 each), the IPO marks a significant milestone for the consumer plastic products major as it steps into the capital markets. A special discount of ₹26 per share has also been extended to eligible employees under the reserved quota.
The offer comprises of fresh issue of Equity Shares aggregating up to ₹2,800.00 million (“Fresh Issue”) and offer for sale of up to 4,385,562 Equity Shares (“Offer For Sale”, together with the Fresh Issue, the “Offer”). Together, these components form the total offer aimed at fueling the company’s next phase of growth while also providing partial exit opportunities for current stakeholders.
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards (a) Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company estimated to ₹1,430.00 million; (b) Purchase of equipment and machinery for the Manekpur facility and installation of automated storage and retrieval system (ASRS) for warehouse in Manekpur facility estimated to ₹1,137.14 million; and (c) The balance towards general corporate purposes.
The Offer for Sale comprises of up to 1,461,854 Equity Shares by Kailesh Punamchand Shah; up to 1,461,854 Equity Shares by Bhupesh Punamchand Shah and up to 1,461,854 Equity Shares by Nilesh Punamchand Shah.
The Equity Shares, offered through the red herring prospectus of the Company dated August 1, 2025 (“RHP”) filed with Registrar of Companies, Maharashtra at Mumbai (“ROC”) are proposed to be listed on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE” and together with “NSE”, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange.
The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein in terms of Regulation 32(1) not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, the “QIB Portion”), provided that our Company in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”).
One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than Anchor Investor Portion) (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.
Further, (a) not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Investors (out of which one third shall be reserved for Bidders with Bids exceeding ₹0.20 million and up to ₹1.00 million and two-thirds shall be reserved for Bidders with Bids exceeding ₹ 1.00 million) provided that the unsubscribed portion in either of the categories may be allocated to Bidders in the other sub-category of Non-Institutional Investors, subject to valid Bids being received at or above the Offer Price and (b) not less than 35% of the Net Offer shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further, 35,750 Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price, net of Employee Discount.
All prospective bidders, excluding Anchor Investors, are required to apply for the Offer through the Application Supported by Blocked Amount (ASBA) mechanism. Applicants must provide their ASBA account details and, in the case of UPI-based applications, a valid UPI ID. The respective bid amounts will be blocked by the Self Certified Syndicate Banks (SCSBs) or designated Sponsor Banks, as applicable, until allotment. Notably, Anchor Investors are not permitted to apply under the ASBA process for their reserved portion. For a comprehensive understanding of the application process, investors are advised to refer to the “Offer Procedure” section on page 489 of the Red Herring Prospectus (RHP).
Intensive Fiscal Services Private Limited and DAM Capital Advisors Limited are acting as the Book Running Lead Managers to the Offer.
