Antala Industries IPO: Price Band, Lot Size, Financials & Review
Antala Industries IPO is open for subscription until Mon, 2 Nov 2026. It is subscribed 0.87x overall so far (Day 2 of 3). The price band is ₹63 – ₹67 with a lot of 2000 shares, so one retail lot costs ₹2,68,000 at the upper band. The latest GMP is 0 (0.00%), implying an estimated listing price of ₹67.
- Open Date
- 29 Oct 2026
- Close Date
- 2 Nov 2026
Last updated
- Price band
- ₹63 – ₹67
- Lot size
- 2,000 shares
- Min. investment
- ₹2,68,000
- Issue size
- ₹23.33 Cr
- GMP
- 0
- Subscribed
- 0.87x
Antala Industries IPO details
Antala Industries IPO is a ₹23.33 Cr book-building IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue opened on Thu, 29 Oct 2026 and closes on Mon, 2 Nov 2026. Allotment is expected on Tue, 3 Nov 2026 and listing on Thu, 5 Nov 2026.
The price band is ₹63 to ₹67 per share and the lot size is 2000 shares, so the minimum retail application is ₹2,68,000. Retail investors can apply for up to 2 lots (4,000 shares, ₹2,68,000).
Bigshare Services Pvt Ltd is the registrar, and Vatsa Capital Venture Pvt.Ltd. is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The latest Antala Industries IPO GMP is 0 as of 31 Oct (0.00% against the upper price band of ₹67), implying an estimated listing price of ₹67. Across 6 days of tracking, GMP ranged from 0 (26 Oct) to 0 (26 Oct).
| Latest GMP | 0 |
|---|---|
| GMP vs upper band | 0.00% |
| Estimated listing price | ₹67 |
| Highest (26 Oct) | 0 |
| Lowest (26 Oct) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Antala Industries IPO day-wise GMP.
Subscription
Day-wise subscription →Antala Industries IPO is subscribed 0.87x overall so far (Day 2 of 3): QIB 66.72x, NII 0.37x and retail 0.10x.
| Category | Subscribed |
|---|---|
| QIB | 66.72x |
| NII | 0.37x |
| └ bNII (above ₹10 lakh) | 0.51x |
| └ sNII (₹2–10 lakh) | 0.07x |
| Retail | 0.10x |
| Total | 0.87x |
Cumulative figures as of Day 2 of 3; updated during bidding hours. Category-wise bids, application-wise breakup and allotment chances are on the Antala Industries IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 36,000 | 1.09% |
| Non-Institutional | 5,10,000 | 15.43% |
| └ BNII | 3,42,000 | 10.34% |
| └ SNII | 1,68,000 | 5.09% |
| Retail Investors | 27,60,000 | 83.48% |
| Total | 33,06,000 | 100.00% |
Antala Industries IPO lot size
| 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 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹67, the issue is priced at 6.94x pre-issue earnings and 9.72x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 21.56x (2 companies).
| EPS (pre-issue) Latest earnings per share before the issue | ₹4.88 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 6.94x |
| EPS (post-issue) EPS on the enlarged share capital | ₹6.89 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 9.72x |
| Promoter holding (pre-issue) | 72.93% |
| Promoter holding (post-issue) | 0.00% |
Antala Industries Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹31.98 Cr to ₹47.53 Cr, and profit after tax rose from ₹1.82 Cr to ₹4.24 Cr. The PAT margin for 31 Mar 2026 was 8.92%.
| Period ended | 30 Sep 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 34.88 | 28.41 | 25.47 | 5.97 |
| Total Income | 30.20 | 47.53 | 31.98 | 12.59 |
| Profit After Tax | 4.19 | 4.24 | 1.82 | 0.89 |
| EBITDA | 5.76 | 6.15 | 2.82 | 1.36 |
| Net Worth | 22.17 | 17.03 | 12.19 | 3.54 |
| Reserve & Surplus | 13.49 | 8.79 | 3.02 | 0.00 |
| Total Borrowings | 1.75 | 4.19 | 3.85 | 0.36 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 30 Sep 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| ROE % | 21.36 | 33.26 | 30.31 | 29.36 |
| ROCE % | 26.61 | 42.23 | 39.60 | 33.56 |
| Debt / Equity | 0.08 | 0.25 | 0.39 | 0.10 |
| RoNW % | 18.88 | 24.88 | 21.52 | 24.99 |
| Pat Margin % | 13.90 | 8.94 | 5.70 | 7.08 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Antala Industries Ltd. | 10 | — | 7.40 | 7.40 | 24.88% | 20.67 |
| Knack Packaging Ltd | 10 | 24.62 | 8.94 | 8.94 | 34.41% | 30.48 |
| Dhaval Packaging Ltd | 10 | 18.50 | 8.08 | 8.08 | 31.58% | 30.78 |
Notes
Considering the nature and turnover of business of the Company, the peers are not strictly comparable. However, the same has been included for broader comparison.
The figures for Antala Industries Limited are based on the standalone restated results for the year ended March 31, 2026.
The figures for the peer group are based on audited results for the year ended March 31, 2026.
Current Market Price (CMP) is the closing price of BSE respective scrip as on August 13, 2026.
RONW has been computed as net profit after tax divided by closing net worth. • Net worth has been computed in the manner as specifies in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirements | 10.68 |
| 2 | To meet the requirements of Capital Expenditure towards Purchase of Machinery | 5.89 |
| 3 | General Corporate Purposes | — |
| Total | 16.57 |
About Antala Industries Limited
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 the manufacture of BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls, catering to customers across a diverse range of industries, including food processing, fertilizers, chemicals, cement and seeds.
The Company's product portfolio is designed to meet the packaging requirements of industries that require high strength, durability, moisture resistance, printability and product visibility. Through customized packaging solutions, the Company seeks to address the specific requirements of its customers in terms of product specifications, dimensions, printing, lamination and packaging performance.
Integrated Manufacturing Capabilities
Antala Industries Limited operates an integrated manufacturing facility in Rajkot, Gujarat, equipped with capabilities covering multiple stages of the packaging production process. These include extrusion, coating and lamination, rotogravure printing, stitching and finishing.
The integrated nature of its manufacturing operations enables the Company to undertake various production processes in-house, from printing and lamination through cutting, stitching, finishing and final packaging. This provides greater control over product quality and production processes, while supporting manufacturing efficiency and the Company's ability to meet customer-specific specifications and delivery requirements.
Its manufacturing setup also enables the Company to maintain greater coordination across different stages of production, helping reduce dependence on external processing and supporting consistent product quality and timely delivery.
Product Portfolio and End-Use Industries
The Company offers a diversified portfolio of flexible and woven packaging products, including:
BOPP Bags – Packaging solutions offering strength, durability and high-quality printing capabilities.
BOPP Printing Rolls – Printed packaging material designed to provide product information and enhance brand visibility.
BOPP Lamination Rolls – Laminated packaging solutions offering improved strength, moisture resistance and durability.
PP Woven Bags – Robust woven packaging products suitable for industrial and commercial applications.
PP Woven Lamination Rolls – Laminated woven packaging material designed for applications requiring enhanced protection and performance.
These products are supplied to customers across multiple industries, including food processing, fertilizers, chemicals, cement and seeds. The Company's exposure to diverse end-user sectors provides a broader customer base and reduces reliance on a single industry.
Quality and Certifications
The Company's manufacturing and quality-management systems are supported by various certifications, including ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018. These certifications cover areas relating to quality management, environmental management, food-safety management and occupational health and safety.
The Company's focus on quality and process control is complemented by its integrated manufacturing capabilities, enabling it to monitor production across multiple stages and deliver packaging products aligned with customer specifications.
Management and Industry Experience
Although incorporated in 2024, the Company is supported by promoters with nearly three decades of experience in the packaging industry. This experience provides the Company with industry knowledge and understanding of customer requirements, manufacturing processes, product specifications and market dynamics.
The Company's experienced promoters and management team are supported by established relationships with customers and suppliers, which contribute to its operating capabilities and ability to serve customers across multiple end-use industries.
Human Resources
As of July 21, 2026, Antala Industries Limited had 11 employees across various functions, including accounts and finance, management, administration, sales, secretarial and production.
The Company's relatively focused organizational structure is supported by its integrated manufacturing operations and experienced management team, enabling it to coordinate production, sales, administration and other business functions.
Key Strengths
Antala Industries Limited's key strengths include its experienced promoters and management team, diversified and customizable product portfolio, integrated manufacturing capabilities, presence across multiple end-user industries and customer-focused approach. Its ability to undertake printing, lamination, cutting, stitching and finishing activities within its manufacturing setup supports greater control over production quality, customization and delivery schedules.
The Company's established supplier and customer relationships, combined with its promoters' extensive experience in the packaging industry, provide a foundation for developing and expanding its business. With its focus on customized packaging solutions and diversified applications across food processing, fertilizers, chemicals, cement and seeds, the Company is positioned to serve a broad range of industrial and commercial packaging requirements.
Promoters
Rajeshkumar Chandulal Antala
Lataben Rajeshbhai Antala
Pankajkumar Chandulal Antala
Hetalben Pankajkumar Antala
Nevil Pankajbhai Antala
Aaryan Rajesh Antala
Shaily Rajeshkumar Antala
Contact details
Antala Industries Ltd.
Shapar RS No.84, Plot No.1
Opp. Shreeji Tiles, Veraval (Shapar)
Rajkot, Kotda Sanghani
Rajkot, Gujarat, 360024
Tel: +91 98255 17357
Email: cs@antalaindustriesltd.com
Website: https://antalalimited.in/
Antala Industries IPO FAQs
- What is the Antala Industries IPO price band?
- The Antala Industries IPO price band is ₹63 to ₹67 per share.
- What is the Antala Industries IPO lot size and minimum investment?
- The Antala Industries IPO lot size is 2000 shares. The minimum retail investment is ₹2,68,000 for one lot at the upper price band. Retail investors can apply for up to 2 lots (4,000 shares), costing ₹2,68,000.
- When does Antala Industries IPO close?
- Antala Industries IPO opened on Thu, 29 Oct 2026 and closes on Mon, 2 Nov 2026.
- What is the Antala Industries IPO subscription status?
- Antala Industries IPO is subscribed 0.87x overall so far (Day 2 of 3): QIB 66.72x, NII 0.37x and retail 0.10x. Day-wise and category-wise figures are on the subscription page.
- What is the Antala Industries IPO GMP today?
- The latest Antala Industries IPO GMP is 0 as of 31 Oct (0.00% against the upper price band of ₹67), implying an estimated listing price of ₹67. Across 6 days of tracking, GMP ranged from 0 (26 Oct) to 0 (26 Oct). GMP is an unofficial grey market indicator and can change quickly.
- What is the Antala Industries IPO allotment date?
- The Antala Industries IPO basis of allotment is expected on Tue, 3 Nov 2026. You can check your allotment status on the Bigshare Services Pvt Ltd website.
- What is the Antala Industries IPO listing date?
- Antala Industries IPO is expected to list on BSE on Thu, 5 Nov 2026.
- Is the Antala Industries IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Antala Industries IPO?
- The registrar for the Antala Industries IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Vatsa Capital Venture Pvt.Ltd..
- How to apply for the Antala Industries IPO?
- Apply through your broker app or net banking using UPI or ASBA. Select the IPO, enter the number of lots and your bid (retail investors can bid at the cut-off price), and approve the UPI mandate before the issue closes on Mon, 2 Nov 2026.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.