SINGAPORE, 26 August 2025 — Duane Morris & Selvam LLP acted as the international legal counsel to Intensive Fiscal Services Private Limited and DAM Capital Advisors Limited in their capacity as the book running lead managers on the recent sale of INR 4,706 million (US$54 million) of shares in All Time Plastics Limited in a pre-IPO and IPO in India and concurrent private placements outside India.
The IPO garnered very good interest from investors, with a QIB subscription of 10.30 times, NII subscription of 14.01 times, retail subscription of approximately 18 times, and an overall subscription of approximately 5.36 times. The company's equity shares were listed on BSE and NSE on August 14, 2025 and were listed at a 14% premium to the IPO price.
All Time Plastic Limited has 14 years' experience of manufacturing plastic consumerware products for everyday household needs. The company produces consumerware for customers to market under their own brand names and sells consumerware products under its own "alltime" brand.
Duane Morris & Selvam's team was led by Jamie Benson, the head of the U.S. capital markets, U.S. venture capital and India practices. The deal team also included Priya Selvam, a senior associate in the Singapore office; and Faiz Jugari, an associate in the Singapore office.
"We are thrilled to have played a key role in All Time Plastic's successful IPO" said Benson.
Khaitan & Co acted as Indian legal counsel to All Time Plastic Limited and Promoter Selling Shareholders and JSA Advocates & Solicitors acted as Indian legal counsel to the Book Running Lead Managers.