All Time Plastics Ltd IPO

Its business largely depends upon the company top four customers and in particular its top customer. For Fiscals 2025, 2024 and 2023, the company revenue from its top customer represented 59.29% (consolidated), 60.36% and 58.54% of the company revenue from operations, respectively, and its revenue from the company's top four customers represented 78.42% (consolidated), 83.30% and 82.65% of revenue from operations, respectively. The loss of any of its top four customers, and in particular its top customer, or the loss of revenue from sales to these top customers could have a material adverse effect on the company business, financial condition, results of operations and cash flows.

The company does not have long-term agreements for the sale of its products with a majority of the compant customers. If its customers choose not to source their requirements from the company, it could have a material adverse effect on its business, financial condition, results of operations and cash flows.

In order to get better pricing by buying in larger volumes, its generally buy the primary raw materials and packing materials the company need from few suppliers. For Fiscals 2025, 2024 and 2023, its cost of raw materials and packing materials purchased from our top supplier represented 21.26% (consolidated), 22.86% and 23.65% of the company cost of raw materials and packing materials purchased, respectively, and its cost of raw materials and packing materials purchased from the company top 10 suppliers represented 73.24% (consolidated), 75.24% and 75.62% of its cost of raw materials and packing materials purchased, respectively. If any of the company top 10 suppliers ceased selling us the raw materials and packing materials we require in the quantities the company need and its were unable to find a supplier to replace it, it could have a material adverse effect on its business, financial condition, results of operations and cash flows.

Rapid increases in raw material prices, especially plastic granules prices, could have an adverse effect on its business, results of operations, financial condition and cash flows.

Pricing pressure from its customers could adversely affect the company gross margin and ability to increase its prices, which could in turn have a material adverse effect on the company results of operations and financial condition.

The company currently manufacture plastic consumer ware products. A shift in consumer preferences away from plastic products, changes in consumer preferences for plastic consumer ware products, regulations, and competitive technologies could lead to a reduction in plastic consume ware purchases or could render some of its products obsolete or less attractive, which could have a material adverse effect on its business, financial condition, results of operations and cash flows. In an effort to remain competitive, the company spend money on research and development. For Fiscals 2025, 2024 and 2023, its total R&D expenses represented 0.27% (consolidated), 0.27% and 0.26% of the company revenue from operations, respectively. Any failure to adapt to industry trends and evolving technologies to meet its customers' demands could have a material adverse effect on the company business, financial condition, results of operations and cash flows.

The company is currently dependent on the continued efforts and contributions of its Promoters for the success of its business and if they cease to be involved in or decrease their involvement in the company business prior to it having a succession plan in place, it could have a material adverse effect its business, financial condition, results of operations and cash flows.

The company engage in a competitive business and if its fails to compete effectively, it would have a material adverse effect on its business, financial condition, results of operations and cash flows.

The Offer consists of a Fresh Issue of Equity Shares aggregating up to ?2,800.00 million and an Offer for Sale of up to 4,385,562 Equity Shares of face value ?2 each by the Selling Shareholders. The Company will not receive any proceeds from the Offer for Sale.

The company is required to obtain and maintain a number of statutory and regulatory approvals for undertaking its business. A majority of the company approvals, licenses, registrations and permits, including the consent to operate and consent to manufacture under environmental laws, are granted for a limited duration and require renewal from time to time. While the company plan to apply for renewal of these approvals as and when they are due to expire, the company cannot assure you that such renewals will be issued or granted to us in a timely manner, or at all. If its fails to obtain, keep and renew such licenses, registrations, permits and approvals it could have a material adverse effect on its business, financial condition, results of operation and cash flows.