Antala Industries IPO
Antala Industries IPO is a book-built SME issue of ₹23.33 crore, consisting entirely of a fresh issue of 34,82,000 equity shares. The price band is ₹63 to ₹67 per share, with a face value of ₹10 and a lot size of 2,000 shares. The IPO is scheduled to open
Antala Industries IPO Details
Antala Industries IPO bidding is scheduled to begin on October 29, 2026, and end on November 2, 2026. The basis of allotment is expected to be finalised on November 3, 2026. Refund initiation and credit of shares to successful applicants' Demat accounts are expected on November 4, 2026. The tentative listing date is November 5, 2026.
Antala Industries IPO Timeline (Tentative)
Antala Industries IPO is scheduled to open for subscription on October 29, 2026, and close on November 2, 2026. The basis of allotment is expected to be finalised on November 3, 2026. Refunds and Demat credits are scheduled for November 4, with listing expected on BSE SME on November 5, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Thu, Oct 29, 2026 |
| IPO Close Date | Mon, Nov 2, 2026 |
| Basis of Allotment | Tue, Nov 3, 2026 |
| Initiation of Refunds | Wed, Nov 4, 2026 |
| Credit of Shares to Demat | Wed, Nov 4, 2026 |
| Listing Date | Thu, Nov 5, 2026 |
Antala Industries IPO Lot Size
Antala Industries IPO has a lot size of 2,000 shares. At the upper price band of ₹67 per share, one lot is valued at ₹1,34,000. The minimum retail application is 4,000 shares, requiring ₹2,68,000. The application amounts below are calculated using the upper price band.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 2,68,000 |
| Retail (Max) | 2 | 4,000 | 2,68,000 |
| S-HNI (Min) | 3 | 6,000 | 4,02,000 |
| S-HNI (Max) | 7 | 14,000 | 9,38,000 |
| B-HNI (Min) | 8 | 16,000 | 10,72,000 |
Antala Industries IPO Reservation
Antala Industries IPO comprises 34,82,000 fresh equity shares. Of the net issue of 33,06,000 shares, 36,000 shares are allocated to QIBs, 5,10,000 shares to NIIs and 27,60,000 shares to retail individual investors, according to the supplied reservation figures. The market-maker reservation is 1,76,000 shares. The NII category includes 3,42,000 shares for bNII and 1,68,000 shares for sNII.
Antala Industries IPO Subscription
Antala Industries IPO subscription figures will be available after bidding opens on October 29, 2026. The final subscription status will show the demand received from QIBs, NIIs and retail investors during the offer period. Subscription multiples should be updated after reliable live or final figures become available.
| Category | Subscription (times) |
|---|---|
| QIB | |
| NII | |
| RII | |
| Total |
About Antala Industries
Antala Industries Limited is a Gujarat-based packaging manufacturer operating from its manufacturing facility in the Rajkot region. The company manufactures and supplies flexible and industrial packaging products, including BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls. Its products are intended for use by customers across several industrial and commercial sectors.
The company's manufacturing activities include extrusion, printing, coating and lamination, stitching and finishing. Its integrated manufacturing setup supports the production of packaging products for end-user industries such as food processing, fertilisers, chemicals, cement and seeds. Packaging requirements in these industries can vary according to product characteristics, durability, handling and storage needs.
Antala Industries' IPO is entirely a fresh issue. The company intends to use the proceeds for working-capital requirements, capital expenditure towards machinery and general corporate purposes. Working capital is relevant to a manufacturing business because it needs to fund raw materials, production, inventory and customer credit cycles. Capital expenditure may support its production capability and operational requirements.
The company reports certifications including ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018. Its business performance will depend on customer demand, manufacturing efficiency, raw-material availability, product quality, cost control and its ability to maintain customer relationships in competitive packaging markets.
Strengths
- Integrated manufacturing operations covering multiple stages of packaging production.
- A diversified portfolio that includes BOPP and PP woven packaging products.
- Exposure to several end-user industries, including food processing, fertilisers, chemicals, cement and seeds.
- Manufacturing capabilities involving printing, lamination, extrusion, stitching and finishing.
- Management experience in the packaging business.
- The fresh-issue proceeds are intended to support working capital and machinery-related capital expenditure.
Risks to Consider
- The business may be affected by fluctuations in raw-material prices and other manufacturing costs.
- Demand can vary with conditions in the industrial sectors served by the company.
- Competition in packaging products may place pressure on pricing and margins.
- Working-capital requirements can be significant where inventory is maintained and customers receive credit.
- Production performance depends on machinery utilisation, quality control, timely procurement and reliable delivery.
- SME-listed shares may have lower liquidity and greater price volatility than shares of larger listed companies.
- The issue price and grey market premium, if reported, do not guarantee listing gains.
Antala Industries Financials (₹ Cr)
Antala Industries reported total income of ₹31.98 crore in FY2025 and ₹47.53 crore in FY2026. Profit after tax increased from ₹1.82 crore to ₹4.24 crore over the same period. For the period ended September 30, 2026, the company reported total income of ₹30.20 crore and profit after tax of ₹4.19 crore. The September 2026 period is a half-year reporting period and should not be compared directly with full-year figures without accounting for the different period lengths.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| 30 September 2026 | 30.20 | 4.19 | 34.88 | 22.17 |
| FY2026 | 47.53 | 4.24 | 28.41 | 17.03 |
| FY2025 | 31.98 | 1.82 | 25.47 | 12.19 |
| FY2024 | 12.59 | 0.89 | 5.97 | 3.54 |
KPIs & Valuation
The published IPO valuation figures show pre-issue EPS of ₹4.88 and post-issue EPS of ₹6.89, with a post-issue P/E of approximately 9.72x at the upper price band. The company has also reported return, margin and leverage indicators. These figures should be checked against the final offer document and calculated on a consistent financial-period basis before publication.
Objects of the Issue
Antala Industries proposes to use the fresh-issue proceeds primarily for working-capital requirements and capital expenditure towards the purchase of machinery, with a portion intended for general corporate purposes. The amounts below follow the available reported breakdown; the machinery allocation should be reconciled against the final offer document before publication because published summaries have shown differing figures.
- Working-capital requirements - ₹10.68 Cr
- Capital expenditure towards purchase of machinery - ₹5.89 Cr
- General corporate purposes
Promoters, Lead Managers & Registrar
Antala Industries Limited is promoted by Rajeshkumar Chandulal Antala, Pankajkumar Chandulal Antala and Lataben Rajeshbhai Antala. Vatsa Capital Venture Private Limited is the lead manager to the issue, and Bigshare Services Private Limited is the registrar. Asnani Stock Broker Private Limited is the market maker for the issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Private Limited |
|---|---|
| Phone | 8657578989 / 8069219065 / 8069219060 |
| ipo@bigshareonline.com | |
| Website | https://www.bigshareonline.com/ |
Antala Industries IPO Review
Antala Industries operates in the industrial and flexible packaging segment, supplying BOPP and PP woven products to customers across multiple end-use industries. Its manufacturing activities span printing, lamination and other production stages, which may help it address different packaging requirements. The company's performance is influenced by manufacturing efficiency, raw-material costs, product quality, customer retention and the demand outlook in the sectors it serves.
The reported financials show total income of ₹47.53 crore for FY2026, compared with ₹31.98 crore in FY2025, while profit after tax increased to ₹4.24 crore from ₹1.82 crore. For the period ended September 30, 2026, the company reported total income of ₹30.20 crore and profit after tax of ₹4.19 crore. These figures suggest improved reported profitability, but investors should also consider the company's assets, borrowings, cash flows and the sustainability of margins.
The IPO is priced in the range of ₹63 to ₹67 per share. The stated proposed uses include working capital and machinery expenditure. Before making an investment decision, investors should examine the final offer document, confirm the exact allocation of proceeds, compare the valuation with relevant listed businesses and review the company's financial and operational risks. The SME market can be volatile, and neither financial growth nor the issue price assures positive listing performance. This review is informational and is not a buy or sell recommendation.
How to Apply
Investors can apply for Antala Industries IPO through ASBA via a participating bank or through a broker or investment platform that supports IPO applications. The issue is scheduled to open on October 29, 2026, and close on November 2, 2026. The minimum application is 4,000 shares, and further applications must follow the prescribed lot-size multiples and investor-category rules.
Through UPI
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Log in to your stockbroker's app or website.
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Go to the IPO section.
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Select Antala Industries IPO.
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Enter the number of lots you wish to apply for, in accordance with the investor category.
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Select a bid price within the ₹63–₹67 price band. Eligible retail applicants may select Cut-off when available.
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Enter your valid UPI ID.
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Submit the IPO application.
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Open your UPI app when the mandate request arrives.
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Approve the mandate using your UPI PIN before the deadline.
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The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors should refer to Antala Industries' offer documents for details of the business, financial performance, risk factors, issue structure and proposed utilisation of proceeds. The final offer document should be used to confirm all issue-related figures and disclosures.
Last updated Oct 26, 2026.