New Delhi, Aug. 7 -- All Time Plastics Ltd (ATP), a long-time supplier to global retail giants like IKEA, is headed to the public markets with a Rs.400 crore initial public offering (IPO). The issue, which opened today, includes a fresh issuance of Rs.280 crore and an offer-for-sale worth Rs.120 crore by the company's promoters.

house brand "Alltime" and backed by ace investor Sunil Singhania, ATP is a major manufacturer of plastic consumer-ware with a predominantly export-led B2B model. While its connections to global retail heavyweights are a strength, the firm's high client concentration raises critical questions for investors evaluating its long-term prospects.

At the upper end of the price band ( Rs.260- Rs.275), the IPO values ATP...