konnivartha.com/ കൊച്ചി: ഓള് ടൈം പ്ലാസ്റ്റിക്സ് ലിമിറ്റഡ് പ്രാഥമിക ഓഹരി വില്പനയ്ക്ക് (ഐപിഒ) അനുമതി തേടി സെബിയ്ക്ക് കരടുരേഖ (ഡിആര്എച്ച്പി) സമര്പ്പിച്ചു.
350 കോടി രൂപയുടെ പുതിയ ഇക്വിറ്റി ഓഹരികളും 52,50,000 ഇക്വിറ്റി ഓഹരികളുടെ ഓഫര് ഫോര് സെയിലുമാണ് ഐപിഒയില് ഉള്പ്പെടുത്തിയിരിക്കുന്നത്.
ഇന്റന്സീവ് ഫിസ്കല് സര്വീസസ് പ്രൈവറ്റ് ലിമിറ്റഡ്, ഡിഎഎം ക്യാപിറ്റല് അഡ്വൈസേഴ്സ് ലിമിറ്റഡ് എന്നിവരാണ് ഐപിഒയുടെ ബുക്ക് റണ്ണിങ് ലീഡ് മാനേജര്മാര്.
All Time Plastics Limited files DRHP with SEBI
All Time Plastics Limited has filled its draft red herring prospectus (DRHP) with market regulator
Securities and Exchange Board of India (SEBI). The company plans to raise funds through fresh
issue of equity shares aggregating upto ₹350 crore and an Offer For Sale (OFS) of up to
52,50,000 equity shares.
The company proposes to utilize the net proceeds towards (i) prepayment or repayment of all
or a portion of certain outstanding borrowings availed by the company, amounting to ₹120
crore, (ii) the purchase of equipment and machinery for the upcoming Manekpur Facility
amounting to ₹133.73 crore, and the rest for general corporate purposes.
The company is the second largest B2B participant in India's plastic consumerware industry by revenue
for Fiscal 2023 (Source: Technopak Report). It has over 13 years of expertise creating plastic
consumerware goods for common household usage. As at March 31, 2024, the company had 1,608
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).
Over the years, the company has specialized in white-label manufacturing, producing high-
quality products for customers who market them under their own brand names. Additionally, it
promotes its own range under the proprietary brand “All Time.” The company has a strong
presence in markets such as the European Union, the United Kingdom, and the United States.
Domestically, the company collaborates with prominent retailers, super distributors, and
distributors, including IKEA, Tesco, Asda, and Spencer's Retail Limited.
In Fiscal 2024, the company achieved ₹512.853 crore in revenue from operations with a CAGR
of 13.07% from Fiscal 2022. Additionally, the company’s EBITDA grew to ₹97.10 crore, reflecting
a CAGR of 29.53%, while its profit surged to ₹44.79 crore, marking a CAGR of 35.11%. Further
enhancing its financial standing, the company received a CRISIL A-/Stable debt rating in April
2024, highlighting its robust borrowing capabilities.
The company operates through fully integrated manufacturing facilities in Daman, Silvassa, and
an upcoming state-of-the-art facility in Manekpur, Gujarat. These facilities leverage advanced
automation and sustainable practices, with over 20% of production utilizing recycled raw
materials. With a legacy dating back to 1971 and a leadership team boasting over 40 years of
industry expertise, company is focused to driving innovation and growth in the worldwide
plastic consumerware market, which is anticipated to reach USD 37 billion by 2027, (Source:
Technopak Report).
Intensive Fiscal Services Private Limited and DAM Capital Advisors Limited are the Book Running
Lead Managers (BRLMs) to the issue.