All Time Plastics IPO rec’d Sebi nod

January 20, 2025 admin Leave a reply Post Comment

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What is the business of All Time Plastics?

The company is a manufacturing company with more than 13 years of experience of producing plastic consumerware products for everyday household needs. It is the second largest manufacturer of plastic consumerware products (by a primarily business-to-business (“B2B”) player in India in terms of revenue from operations) for Fiscal 2023. It engages primarily in white-label manufacturing, where it produces consumerware for customers to market under their own brand names. However, it also sells its consumerware products under its proprietary brand name (“All Time Branded Products”). In Fiscal 2024, it exported products valued at approximately USD 57 million, representing around 26% of India’s total plastic houseware exports. In Fiscal 2023, the Company achieved the highest return on equity (“ROE”) of 17.93% and EBITDA Margin of 16.55% when compared to primarily B2B players in the consumerware industry in India (source: Technopak Report). In Fiscal 2023, the Company had a return on capital employed (“ROCE”) of 17.16%, which was the second highest among the accounted B2B players in the industry. The global plastic houseware market grew at a CAGR of approximately 4.6%, from USD 24.3 billion in 2019 to USD 27.8 billion in 2022. In 2023, the market was valued at around USD 29 billion and is projected to reach USD 37 billion by 2027, with a CAGR of about 6.3% between 2023 and 2027. The surge in online shopping, accelerated by the COVID-19 pandemic, has driven this growth, as consumers increasingly opt for the convenience of purchasing houseware products online. Urbanization and the shift towards nuclear families further fuel this trend. In India, the consumerware market grew from ₹21,730 crore in Fiscal 2015 to ₹38,598 crore in Fiscal 2023, at a CAGR of 7.4%. It is expected to continue expanding at a CAGR of 11.4%, reaching ₹64,749 crore by Fiscal 2028. As at March 31, 2024, it had 1,608 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

The company 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 28 countries during Fiscal 2024

The company currently manufactures its products from our fully integrated manufacturing facilities in Daman, Dadra and Nagar Haveli and Daman and Diu and Silvassa, Dadra and Nagar Haveli and Daman and Diu. Its manufacturing facilities are strategically located within the industrial processing zones of western India and in close proximity to the Nhava Sheva and Hazira ports (for exporting its products and obtaining raw materials) and petrochemical plants (for obtaining the 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.

For more information, click www.alltimeplastics.com  

All Time Plastics IPO GMP, Particulars & Guidance

All Time Plastics

All Time Plastics IPO GMP

All Time Plastics IPO GMP today details

All Time Plastics IPO GMP today, Details, Guidance, Subscription Status, allotment