The bidding window for All Time Plastics Limited closed on 11 August 2025, and after a steady stream of applications the issue finished 1.06× subscribed overall. Demand was healthy in the retail (individual) category at 1.51×, moderate in NII (0.88×), and muted in QIB (0.38×). With the basis of allotment scheduled for 12 August 2025, investors can finally check whether they’ve received shares—and plan next steps before the listing on 14 August 2025 (T+3).
This guide gives you the complete picture: how to check your allotment on the registrar and exchanges, what the subscription mix implies, when funds will unblock/credit happens, a quick explainer on the basis-of-allotment math, clarity on GMP and listing expectations, and a checklist for what to do whether you’re allotted or not.
Quick Snapshot
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IPO window: 7–11 August 2025
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Price band: ₹260–₹275 per share
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Face value: ₹2 per share
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Lot size (retail): 54 shares
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Issue structure: Book-built; fresh issue ~₹400.60 crore (1.02 crore shares) + OFS ~₹0.44 crore
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Allocation norms: QIB up to 50%, Retail not less than 35%, NII not less than 15%
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Overall subscription: 1.06×
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Retail (RII): 1.51×
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QIB: 0.38×
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NII (HNI): 0.88×
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Registrar: Kfin Technologies Limited
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Allotment finalisation: 12 August 2025
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Refunds/mandate release: 13 August 2025
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Listing: 14 August 2025, BSE & NSE (T+3)
How to Check Your Allotment Status
You can verify your status on three official avenues: the registrar portal (Kfin Technologies), the BSE issue status page, and the NSE IPO status page. The registrar typically updates first on allotment day; exchanges may mirror the data soon after.
A) Registrar Portal (Kfin Technologies)
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Visit the Kfin IPO status page.
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From the drop-down, select “All Time Plastics” once it appears (it shows up post finalisation).
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Choose a lookup method:
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Application Number (from your broker/UPI confirmation), or
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DP/Client ID (Demat), or
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PAN
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Enter the requested details and the captcha.
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Submit to view the number of shares allotted (if any).
Formatting tips:
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CDSL Demat: 16-digit numeric BO ID.
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NSDL Demat: Two-part ID: DP ID (8 alphanumeric) + Client ID (8 alphanumeric).
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PAN: Enter in uppercase; no spaces.
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Application number: Found in your broker’s IPO order details or your UPI/SMS confirmation.
B) BSE – Issue Application Status
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Go to the BSE “Issue Application Status” page.
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Set Issue Type = Equity.
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Pick “All Time Plastics” from the issue list.
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Search by Application No or PAN.
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Submit to see your status.
C) NSE – IPO Status
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Open the NSE IPO status page.
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Choose Equity, then select “All Time Plastics”.
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Search via PAN or Application No.
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You may need a quick one-time verification step.
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Submit to view your result.
If you see “No records found” on Day 1: The basis has likely been finalised but the public-facing file hasn’t propagated yet. Clear your cache and try again later on 12 August.
When Will Shares Show in Demat? When Do Funds Unblock?
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Demat credit: Typically T+1 after allotment (i.e., 13 August 2025). You can verify in CDSL Easi/Easiest or NSDL IDeAS by evening.
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Refunds/mandate release: For non-allottees or partial allotments, the UPI mandate or ASBA lien typically releases on 13 August 2025. If you don’t see funds unblocked by end of day, contact your bank/UPI app and keep your Application No/UPI Ref handy.
Understanding the Subscription Mix—and Your Odds
The overall book closed at 1.06×, which is modest. The retail portion (most relevant to individual investors applying in lots of 54 shares) ended at 1.51×—meaning demand in retail exceeded availability by ~51%.
What does that imply for a single-lot retail application?
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A rough, back-of-the-envelope way to think about it: probability of allotment ≈ 1 / subscription.
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For 1.51×, that’s about 66% probability per single-lot application, subject to the final basis of allotment.
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The actual basis depends on share counts available for retail vs. valid retail applications, rounding at the lot level, and standard SEBI/registrar rules. Expect a ratio such as “X out of Y” (e.g., 2 out of 3 applicants) in the final basis note if single-lot demand exceeds supply, or proportionate allotment if multiples were applied and shares were sufficient.
QIB at 0.38× and NII at 0.88× suggest institutional and HNI demand lagged retail enthusiasm. This can hint at muted listing fireworks, but not always—post-allotment flows, anchor movements (if any), and broader market mood can still sway listing-day action.
Basis of Allotment: How It’s Finalised
Kfin Technologies aggregates valid bids, applies category-wise reservations (QIB/ NII/ Retail), filters out invalid/incomplete applications, and then runs the proportionate allotment algorithm as per SEBI norms:
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Split the book by category reservations.
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Round down to full lots for retail (since retail bids are in lots).
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If retail is over-subscribed, an equitable lottery (computerised) ensures fair distribution in minimum lots before proportionate allocation of remaining shares, if any.
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Rejected/duplicate applications and UPI mandate failures are excluded.
The registrar then publishes the basis-of-allotment document (usually a 1–2 page PDF), and exchanges update their pages.
GMP Watch: What It Says—and What It Doesn’t
The grey market premium (GMP) as of 11 August 2025 is around ₹10 per share on the top end of the price band (₹275). That implies a theoretical listing price near ₹285 and a paper gain of ~3.6%. In the preceding days, the GMP trended down from ₹25 to ₹10, mirroring a softer risk appetite.
Caveats:
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GMP is unofficial—it’s a sentiment gauge, not a guarantee.
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It can flip quickly with market moves, global cues, or a single large order.
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Low-to-mid single-digit GMPs often lead to flat-to-mild listing debuts; strong day-2 flows sometimes matter more than the first tick.
Use GMP as one input, not a decision rule.
Listing-Day Mechanics (14 August 2025)
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Pre-open call auction in the equity markets determines the discovery price (roughly 9:45–10:00 IST).
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The stock then shifts into continuous trading with applicable price bands (as notified by the exchange).
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Volatility controls (like dynamic price bands) can kick in if trades approach thresholds.
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Liquidity in the first hour can be patchy; spreads may be wide. If you intend to sell into listing strength, use limit orders—not market orders—to avoid slippage.
If You’re Allotted: Strategy & Checklist
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Verify quantity and average cost in your demat and broker ledger (by 13 August evening).
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Decide your plan before the bell on 14 August:
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Listing flip: If you’re aiming for a quick listing trade and the stock opens near/above your target, place a good-till-day limit sell.
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Hold thesis: If your interest is fundamental (growth, margins, capacity addition, etc.), ignore first-day noise and prepare a valuation guardrail (e.g., position sizing, stop-loss discipline, a timeframe measured in quarters).
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Don’t anchor to GMP. It’s often wrong at the open and irrelevant in the medium term.
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Tax note: IPO allotments and listing flips can create short-term capital gains; keep records for tax filing.
If You’re Not Allotted: What Next?
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Confirm mandate release / ASBA unblock by 13 August.
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If funds remain blocked by 14 August morning, raise a ticket with your bank/UPI app; have your Application Number ready.
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Consider other avenues if you still like the company:
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Buy on listing: If price action and liquidity look reasonable.
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Wait for post-listing stabilisation: Many IPOs retest lower zones after the initial churn. Let the first 3–10 sessions pass and reassess the chart, volumes, and disclosures.
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Troubleshooting Common Allotment Queries
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“No record found” on Kfin/BSE/NSE: Try again later on 12 August; public pages refresh in waves.
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Name/PAN mismatch: Ensure PAN matches exactly as in the application (uppercase, no spaces).
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Wrong demat format:
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CDSL: 16 digits only.
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NSDL: DP ID (8) + Client ID (8). Don’t combine or drop characters.
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Multiple applications from same PAN in retail: Likely rejected under rules; only one valid retail application per PAN is allowed (subject to broker/family codes where applicable).
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UPI collect request expired: The bid might be invalid. Check with your broker; if the mandate wasn’t approved in time, the application is not considered.
Reading the Tea Leaves: What the Mix Might Mean on Listing
Retail 1.51× vs QIB 0.38× is a split that sometimes produces a subdued debut unless day-1/2 flows arrive from institutional or momentum pools post-listing. Two plausible scenarios:
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Steady-to-soft open near issue price if broader markets are flat and day-traders watch-and-wait.
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Pop-and-fade if early flippers meet thin bids; price may then stabilise as two-way flows develop.
Remember: one print doesn’t define the story. Watch volumes, order-book depth, and management commentary once the company enters the listed universe.
A 60-Second FAQ
Q: What is T+3 listing?
A: SEBI’s timeline allows listing three working days after issue close. For this IPO, that’s 14 August 2025.
Q: How many shares in one retail lot?
A: 54 shares. Retail bids are in whole lots.
Q: Can I change bank or UPI after bidding?
A: No. Post-bid edits are limited; once the window closes, your banking/UPI/margin trail is set for that application.
Q: Will I get partial allotment for one lot?
A: No. Retail allotment is in full lots. If you applied for 1 lot and get allotted, you get 54 shares; otherwise 0.
Q: How is the basis decided if retail is oversubscribed?
A: Through a computerised draw for the minimum lot (so as many unique investors get one lot as possible), then proportionate allocation for higher lots if shares remain, per SEBI rules.
Q: What if I applied in NII?
A: NII (0.88×) was undersubscribed, so eligible NII applications generally receive allotment proportionate to valid demand (subject to rounding and final basis).
Q: Where will I see shares in demat?
A: In CDSL Easi/Easiest or NSDL IDeAS by evening on 13 August (typically). Your broker holdings view also reflects them once depositories update.
Sensible Risk Controls for IPO Participants
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Position sizing: A single lot may be small in rupees, but don’t let simultaneous IPOs stack into an outsized exposure.
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Liquidity discipline: Use limit orders on listing day; spreads can widen suddenly.
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Documentation: Keep your Application No, UPI ref/ASBA ref, and PAN handy until listing week ends.
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Expect volatility: Even a “flat” debut can swing 5–10% intraday on low depth; that’s normal for fresh listings.
The Road Ahead for All Time Plastics (Big Picture)
Listing is Day 0 of the public-market journey. Near term, price will be driven by flows, sentiment, and technicals more than fundamentals. Over the next 2–4 quarters, the narrative shifts to:
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Execution vs. offer document promises (capacity additions, margin trajectory, working-capital turns).
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Top-line growth in core product lines and new client wins.
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Operating leverage as volumes scale.
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Corporate governance and disclosures—how consistently and clearly management communicates.
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Peer comp multiples and sector appetite.
Short-term pops are fun; sustained shareholder returns come from delivery and cash flows.
Final Word
With allotment on 12 August, refunds/credit on 13 August, and listing on 14 August, the All Time Plastics IPO is entering its final lap. Retail participation was strong (1.51×), which should translate into decent single-lot allotment odds on a proportionate basis—though not everyone will get shares. The GMP drift into low single digits argues for measured expectations on debut; treat Day 1 as a price-discovery event, not a finish line.
Whether you’re allotted or not, the playbook is the same: check status on Kfin/BSE/NSE, confirm funds release or demat credit, and approach listing with a pre-decided plan and limit orders. After the opening fireworks, let the dust settle and keep your eyes on what matters over time: execution, earnings, and governance.
