Antala Industries IPO
Updated 24 Oct 2026, 6:50 pm.
Minimum investment (Individual investors (IND))
₹2,68,000
2 lots · 4,000 shares at the upper price band
Price band
₹63–67
Latest GMP
₹0
0.0% of the ₹67 upper band
Est. listing price
₹67
Issue size
₹23.33 Cr
Allotment status
Allotment is due on 3 Nov 2026. Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised3 Nov 2026(upcoming)
- Refunds start4 Nov 2026(upcoming)
- Shares credited to demat4 Nov 2026(upcoming)
- Listing5 Nov 2026(upcoming)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 24 Oct 2026, 6:50 pm | ₹0 | ₹67 |
| 24 Oct 2026, 6:45 pm | ₹0 | ₹67 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹63–67
- Issue size
- ₹23.33 Cr
- Lot size
- 2,000
- Opens
- 29 Oct 2026
- Closes
- 2 Nov 2026
- Allotment
- 3 Nov 2026
- Listing
- 5 Nov 2026
- Est. listing price
- ₹67
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Bigshare Services Pvt.Ltd.
- Minimum investment
- ₹2,68,000 (2 lots · 4,000 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 4 Nov 2026
- Shares credited
- 4 Nov 2026
- Promoter holding
- 72.93% before · — after
- Lead managers
- Vatsa Capital Venture Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 24 Oct 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 29 Oct to 2 Nov, 2026 |
|---|---|
| Listing Date | Thu, Nov 5, 2026 (tentative) |
| Face Value | ₹ 10 per share |
| Price Band | ₹63 to ₹67 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 34,82,000 shares (agg. up to ₹ 23 Cr) |
|---|---|
| Reserved for Market Maker | 1,76,000 shares (agg. up to ₹ 1 Cr) |
| Fresh Issue (Ex Market Maker) | 33,06,000 shares (agg. up to ₹ 22 Cr) |
| Net Offered to Public | 33,06,000 shares (agg. up to ₹ 22 Cr) |
| Share Holding Pre Issue | 86,74,736 shares |
| Share Holding Post Issue | 1,21,56,736 shares |
IPO Timetable (Tentative)
- IPO Open
- Thu, Oct 29, 2026
- IPO Close
- Mon, Nov 2, 2026
- Allotment
- Tue, Nov 3, 2026
- Refund
- Wed, Nov 4, 2026
- Credit of Shares
- Wed, Nov 4, 2026
- Listing
- Thu, Nov 5, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Offer |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4,000 | ₹2,68,000 |
| Individual investors (IND) (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 |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
About Antala Industries Ltd.
Incorporated in August 2024, Antala Industries Limited is engaged in the manufacturing, processing, printing, laminating and supply of industrial and commercial packaging products. The Company specializes in BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls, serving customers across industries such as food processing, fertilizers, chemicals, cement and seeds. The Company operates an integrated manufacturing facility in Rajkot, Gujarat, with capabilities including extrusion, coating and lamination, rotogravure printing, stitching and finishing.
The Company provides customized packaging solutions focused on strength, durability, moisture resistance, high-quality printability and enhanced product visibility. Its integrated manufacturing setup enables in-house processing from printing and lamination to cutting, stitching, finishing and packaging, supporting quality control, production efficiency and timely delivery. The Company holds ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018 certifications and is backed by promoters with nearly three decades of experience in the packaging industry.
As of July 21, 2026, the Company had 11 employees across accounts and finance, management, administration, sales, secretarial and production functions. Its key strengths include experienced promoters and management, a diversified and customizable product portfolio, presence across multiple end-user industries, customer-focused manufacturing and delivery capabilities, and established supplier and customer relationships.
Strengths :
Experienced promoters and management team with extensive packaging industry expertise.
Diversified product portfolio with customization capabilities.
Presence across multiple end-user industries.
Integrated manufacturing capabilities supporting operational efficiency.
Customer-focused manufacturing and delivery process.
Established supplier and customer relationships.
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 28.41 | 25.47 | 5.97 |
| Total Income | 47.53 | 31.98 | 12.59 |
| Profit After Tax | 4.24 | 1.82 | 0.89 |
| EBITDA | 6.15 | 2.82 | 1.36 |
| NET Worth | 17.03 | 12.19 | 3.54 |
| Reserves and Surplus | 8.79 | 3.02 | — |
| Total Borrowing | 4.19 | 3.85 | 0.36 |
| Amount in ₹ Crore |
Antala Industries Ltd.'s revenue increased by 49% and profit after tax (PAT) rose by 133% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Packaging
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vama Wovenfab Ltd. | SME | ₹49.54 Cr | ₹341 | 11.04 | ₹323.95 | -5.00% | ₹86.20 |
| Shakti Polytarp Ltd. | SME | ₹26.93 Cr | ₹59 | 7.38 | ₹57.08 | -3.25% | ₹47.74 |
| Injecto Polymers Ltd. | SME | ₹56.12 Cr | ₹100 | 9.48 | ₹95.95 | -4.05% | ₹93.40 |
| Dhaval Packaging Ltd. | SME | ₹36.36 Cr | ₹97 | 12.05 | ₹111.68 | +15.13% | ₹109.00 |
| Diksha Polymers Ltd. | SME | ₹17.90 Cr | ₹112 | 9.79 | ₹120.20 | +7.32% | ₹193.00 |
| RFBL Flexi Pack Ltd. | SME | ₹35.33 Cr | ₹50 | 9.75 | ₹55.10 | +10.20% | ₹90.35 |
| Knack Packaging Ltd. | Mainboard | ₹439.50 Cr | ₹170 | 18.34 | ₹182.98 | +7.64% | ₹204.88 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirements | 10.68 |
| 2 | To meet the requirements of Capital Expenditure towards Purchase of Machinery | 7.32 |
| 3 | General Corporate Purposes | — |
| Total | 18.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 24.88% |
| ROCE | 42.23% |
| Debt/Equity | 0.25 |
| RoNW | 24.88% |
| PAT Margin | 8.91% |
| EBITDA Margin | 12.97% |
| NAV | 20.67 |
| P/B (x) | 3.24 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.88 | 3.48 |
| P/E (x) | 13.73 | 19.25 |
| Market Cap at Offer Price | ₹58.12 Cr. | ₹81.45 Cr. |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group72.93%
- Public27.07%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 72.93% | — |
| Public | 27.07% | — |
| Total | 100% | — |
Company Promoters: Rajeshkumar Chandulal Antala, Lataben Rajeshbhai Antala, Pankajkumar Chandulal Antala, Hetalben Pankajkumar Antala, Nevil Pankajbhai Antala, Aaryan Rajesh Antala and Shaily Rajeshkumar Antala.
Antala Industries IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
📰 Antala Industries Ltd. - News Updates
Antala Industries Ltd. Moves Ahead with IPO Plans, files DRHP
IPO Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
ipo@bigshareonline.com
IPO Lead Manager(s)
Vatsa Capital Venture Pvt.Ltd.
Contact Details
Antala Industries Ltd. Address
Shapar RS No.84, Plot No.1
Opp. Shreeji Tiles, Veraval (Shapar)
Kotda Sanghani
Rajkot, Gujarat , 360024
98255 17357
cs@antalaindustriesltd.com
Antala Industries IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Antala Industries: common questions
Answered from this issue's own record.
