Antala Industries IPO: dates, price band, lot size and GMP
Antala Industries IPO opens 29 Oct – 2 Nov 2026 on the SME, price band ₹63 – ₹67, lot 2,000 shares, no GMP reported yet. Allotment 3 Nov, listing 5 Nov.
Listing date: Antala Industries IPO is scheduled to list on 5 Nov on BSE SME.
Updated 24 Oct 2026, 11:02 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 217 IPOs on its calendar; the Antala Industries IPO has a price band of ₹63 – ₹67, a lot of 2,000 shares and no grey-market premium reported yet as of 24 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 29 Oct – 2 Nov 2026 |
| Price band | ₹63 – ₹67 |
| Lot size | 2,000 shares |
| Issue size | ₹23.33 Cr |
| Fresh issue | ₹22.15 Cr |
| Subscription | — |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Vatsa Capital Venture Pvt.Ltd. |
| Status | Upcoming |
Timeline
- Issue opens: 29 Oct
- Issue closes: 2 Nov
- Allotment: 3 Nov
- Refunds: 4 Nov
- Demat credit: 4 Nov
- Listing: 5 Nov
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹81.45 Cr |
| P/E (pre-issue) | 13.73x |
| P/E (post-issue) | 19.25x |
| Fresh issue (shares) | 33,06,000 |
| Total shares offered | 33,06,000 |
| Promoter holding pre-issue | 72.93% |
| Promoter holding post-issue | 0% |
| Promoters | Rajeshkumar Chandulal Antala, Lataben Rajeshbhai Antala, Pankajkumar Chandulal Antala, Hetalben Pankajkumar Antala, Nevil Pankajbhai Antala, Aaryan Rajesh Antala, Shaily Rajeshkumar Antala |
| Lead managers | Vatsa Capital Venture Pvt.Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | antalalimited.in |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 4,000 | ₹2,68,000 |
| Retail (maximum) | 2 | 4,000 | ₹2,68,000 |
| sNII (minimum) | 3 | 6,000 | ₹2,68,000 |
| bNII (minimum) | 3 | 6,000 | ₹10,72,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | — | — | Not more than 50% of the Offer |
| NII (HNI) | — | — | Not less than 15% of the Offer |
| Retail | — | — | Not less than 35% of the Offer |
| Market Maker | — | 1,76,000 |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹4.88 |
|---|---|
| EPS (post-issue) | ₹3.48 |
| P/E (pre-issue) | 13.73x |
| P/E (post-issue) | 19.25x |
| RoNW | 24.88% |
| RoCE | 42.23% |
| RoE | 24.88% |
| PAT margin | 8.91% |
| EBITDA margin | 12.97% |
| Price / book | 3.24x |
| NAV per share | ₹20.67 |
| Debt / equity | 0.25 |
| Market cap (upper band) | ₹81.45 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 28.41 | 25.47 | 5.97 | +11.5% |
| Total Income | 47.53 | 31.98 | 12.59 | +48.6% |
| Profit After Tax | 4.24 | 1.82 | 0.89 | +133% |
| EBITDA | 6.15 | 2.82 | 1.36 | +118.1% |
| NET Worth | 17.03 | 12.19 | 3.54 | +39.7% |
| Reserves and Surplus | 8.79 | 3.02 | — | +191.1% |
| Total Borrowing | 4.19 | 3.85 | 0.36 | +8.8% |
About Antala Industries
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.
Objects of the issue
- To meet Working Capital Requirements — ₹10.68 Cr
- To meet the requirements of Capital Expenditure towards Purchase of Machinery — ₹7.32 Cr
- General Corporate Purposes
Net proceeds: ₹18 Cr
Peer comparison
| Company | EPS (Basic) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|
| Knack Packaging Ltd | 8.94 | 30.48 | 24.62x | 34.41% | 6.83 | Standalone |
| Dhaval Packaging Ltd | 8.08 | 30.78 | 18.5x | 31.58% | 3.6 | Standalone |
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.
Strengths (per the offer document)
- Experienced Promoters and Management Team — Our Promoters, namely Rajeshkumar Chandulal Antala and Pankajkumar Chandulal Antala have over 29 years of experience in this industry.
- Diversified Product Portfolio with Customization Capabilities — We offer a diversified product portfolio comprising BOPP Bags, BOPP Printing Roll, BOPP Laminated Roll, PP Woven Bags and PP Woven Lamination Roll.
- Presence Across Multiple End-User Industries — We cater to customers operating in industries such as cement, chemicals, fertilizers, FMCG, textiles and other industrial packaging segments.
- Customer-Focused Manufacturing and Delivery Process — Our manufacturing process is planned based on customer requirements, with coordination across production, quality control and dispatch functions.
- Established Supplier and Customer Relationships — We have developed business relationships with our customers and suppliers over the years.
Risk factors (as disclosed by the company)
- Our manufacturing operations are energy-intensive and depend on the uninterrupted availability of electricity and fuel — Our Company's manufacturing operations involve energy-intensive processes, including extrusion, weaving, lamination, printing, and other value-added activities required for the production of PP…
- Our manufacturing operations are highly dependent on the efficient functioning of our production machinery and equipment — Our manufacturing process is dependent on specialised and capital-intensive machinery and equipment.
- Our raw material procurement is substantially concentrated in the states of Gujarat — A significant portion of our raw material purchases is sourced from suppliers located in a limited number of states, namely Gujarat, Madhya Pradesh, Maharashtra and Dadra & Nagar Haveli.
- Our company has negative cashflow in its operating activities for the financial year ended on March 31, 2025 and 2023 — Our Company had negative cash flows from our operating activities, investing activities as well as financing activities in the previous year(s) as per the Restated Financial Statements and the same…
- The geographical concentration of our manufacturing facility in a single region increases our exposure to local economic, regulatory, infrastructural — Our manufacturing facility is located in Rajkot, Gujarat, all of our production activities is concentrated in this region.
- We are dependent on our repeat customers for a significant portion of our revenue — Our business is supported by longstanding relationships with several repeat customers who contribute a significant portion of our revenue.
- We rely significantly on the experience, industry knowledge and business relationships of our Promoters and Directors — Our success and growth have been significantly influenced by the experience, industry knowledge and leadership of our Promoters and Directors.
- Our business requires the maintenance of significant inventory levels, resulting in substantial working capital requirements — Our manufacturing operations require us to maintain adequate levels of raw materials, work-in-progress, finished goods, and packaging inventory to ensure uninterrupted production and timely…
From the DRHP (strengths pages 129–130, risk factors pages 19–25). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF)
Track this issue
- Antala Industries IPO GMP today and trend
- Antala Industries IPO subscription status, day by day
- Antala Industries IPO allotment status and how to check
Frequently asked questions
When does the Antala Industries IPO open and close?
The issue is scheduled for 29 Oct – 2 Nov 2026.
What is the Antala Industries IPO price band?
The price band is ₹63 – ₹67 per share with a lot size of 2,000 shares.
How big is the Antala Industries IPO?
The total issue size is ₹23.33 Cr.
When will Antala Industries list?
The tentative listing date is 5 Nov on the SME platform.
How do I apply for the Antala Industries IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Antala Industries · as filed with SEBI · bsesme.com
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 3 Nov · ipo.bigshareonline.com
- BSE SME issues page · listing 5 Nov · bsesme.com
- Antala Industries company website · antalalimited.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · as of 24 Oct 2026 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Antala Industries IPO”, https://buyunlistedshares.com/ipo/antala-industries-ipo, as of 24 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 24 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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