- Summary
- Antala Industries IPO is issuing 34,82,000 equity shares in an SME IPO opening from 29 October to 2 November 2026.
- The price band is ₹63 to ₹67 per share, with a lot size of 2,000 shares.
- The tentative listing of the IPO shares on BSE SME is set for 5 November 2026.
The Antala Industries IPO is a book-built SME issue that opens for subscription on 29 October 2026 and closes on 2 November 2026. The issue is entirely a fresh issue of 34.82 lakh equity shares, worth about ₹23.33 crore. The price band is ₹63 to ₹67 per share, and the lot size is 2,000 shares. Retail investors must apply for at least 2 lots (4,000 shares). At the upper price band, that minimum investment is ₹2,68,000. The company plans to list its shares on the BSE SME platform on 5 November 2026.
Antala Industries IPO Key Details
The following table summarises the key details of the Antala Industries IPO.
| IPO Open Date | 29 October 2026 |
| Close Date | 2 November 2026 |
| Face value | ₹10 per share |
| Price Band | ₹63 to ₹67 |
| IPO Lot Size | 2,000 shares |
| Fresh issue | 34,82,000 shares |
| Offer for Sale | Nil |
| Type of issue | SME (Book Built) |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹23.33 cr approx |
| Minimum Investment | 2 lots (4,000 shares) ₹2,68,000 |
Antala Industries IPO Timeline
The tentative schedule for the Antala Industries IPO, from the opening of bids to the listing of shares, is provided below.
| Bid Opening | 29 October 2026 |
| Bid Closing | 2 November 2026 |
| Tentative Allotment | 3 November 2026 |
| Initiation of Refunds | 4 November 2026 |
| Credit of Shares to Demat | 4 November 2026 |
| Tentative Listing Date | 5 November 2026 |
| UPI mandate closing date | 2 November 2026 |
Key Performance Indicators of Antala Industries
The table below summarises the company’s revenue, total assets and profit across the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 33.26 | 30.31 | 29.36 |
| ROCE (%) | 42.23 | 39.60 | 33.56 |
| Debt Equity (in times) | 0.25 | 0.39 | 0.10 |
| RoNW (%) | 24.88 | 21.52 | 24.99 |
| PAT Margin (%) | 8.94 | 5.70 | 7.08 |
| EBITDA margin (%) | 12.97 | 8.85 | 10.88 |
| Price to book | – | – | – |
Antala Industries Financial Details
The financial information of the Antala Industries IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 47.40 | 31.85 | 12.51 |
| Total Asset | 28.41 | 15.95 | 5.97 |
| Profit | 4.24 | 1.82 | 0.89 |
Antala Industries IPO Subscription Status
The subscription data will be available once bidding begins.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Antala Industries IPO Grey Market Premium (GMP)
The latest available grey market premium (GMP) data for the Antala Industries IPO is shown below.
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Gain | Last updated |
| 27-10-2026 | ₹67 | ₹0 | ₹67 | 0% | 26-10-2026, 07:29 PM |
GMP is indicative and does not guarantee the actual listing price or listing gains.
Antala Industries IPO Reservation
The IPO‘s issue allocation across qualified institutional buyers, NIIS, retail investors and the market maker is outlined below.
| Investor Category | Offered No. of Shares |
| QIBs | Not more than 50% of the issue |
| NIIs | Not less than 15% of the issue |
| Retails | Not less than 35% of the issue |
| Market Marker | 1,76,000 |
| Total | 100% |
Antala Industries IPO Lot Sizes
Investors can apply for the Antala Industries IPO in multiples of 2,000 shares, subject to the minimum application requirements for each investor category. The investment amounts at the upper price band of ₹67 are listed below.
| Application | Lot | Shares | Amount |
| Retail (Min) | 2 | 4,000 | ₹2,68,000 |
| Retail (Max) | 2 | 4,000 | ₹2,68,000 |
| sHNI (Min) | 3 | 6,000 | ₹4,02,000 |
| sHNI (Max) | 7 | 14,000 | ₹9,38,000 |
| bHNI (Min) | 8 | 16,000 | ₹10,72,000 |
Antala Industries IPO Prospectus
Investors can access the offered prospectus for the Antala Industries IPO mentioned below.
About Antala Industries Ltd.
Antala Industries Limited began as a partnership firm, M/s Octagon Industries, formed in April 2021. It converted into a public limited company in August 2024. The company manufactures, prints, laminates and supplies industrial and commercial packaging products. Its range includes BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls. It makes these at its manufacturing facility in Rajkot, Gujarat. Its business strategy focuses on customised packaging, quality standards and continuous improvement of its products and processes.
Promoters:
- Rajeshkumar Chandulal Antala
- Lataben Rajeshbhai Antala
- Pankajkumar Chandulal Antala
- Hetalben Pankajkumar Antala
- Nevil Pankajbhai Antala
- Aaryan Rajesh Antala
- Shaily Rajeshkumar Antala
| Book Runner | Vatsa Capital Venture Private Ltd. |
| Issue Registrar | Bigshare Services Pvt Ltd. |
Objectives of Antala Industries IPO
The objectives of the Antala Industries IPO are given below.
| Particulars | Amount in ₹ crores |
| To fund working capital requirements | 10.68 |
| To fund the necessities of purchase of machinery | 5.89 |
| General corporate purposes | _ |
Antala Industries Ltd.- Strengths and benefits
- Niche market focus: The company concentrates on a specific segment of packaging. It pairs this with quality and timely delivery, which helps it compete in the industry.
- Quality assurance standards: It holds quality and environment management certifications, including ISO 9001:2015 and ISO 14001:2015.
- Experienced promoters: Both lead promoters have over 29 years in the packaging industry, covering manufacturing, product development and customer relationships.
- Improving financials: Revenue rose from ₹12.51 crore in FY 2023–24 to ₹47.40 crore in FY 2025–26. Over the same period, EBITDA margin improved from 10.88% to 12.97%.
Antala Industries Ltd- Risks and limitations
- Customer concentration: The top 10 customers contributed 47.43% of revenue in FY 2025–26 and 56.43% in the six months ended 30 September 2026. Losing a major customer could hurt revenue.
- Geographical dependence: Gujarat contributed about 71.08% of revenue in FY 2025–26. Any slowdown in the state could affect overall business. The company also operates from a single manufacturing facility in Rajkot.
- Raw material and working capital risk: Raw materials play a central role in manufacturing, and the business needs substantial inventory. Inventory stood at ₹17.96 crore as of 30 September 2026, against total assets of ₹34.88 crore.
- Limited contract protection: The company mostly operates without long-term customer agreements. It also reported negative operating cash flow in the period from 5 August 2024 to 31 March 2025.
Antala Industries IPO Review
The Antala Industries IPO is an SME issue of ₹ 23.33cr priced at ₹63–₹67 per share (lot of 2,000). Revenue is up to ₹ 47.40 crore in FY2025–26, and profit is ₹ 4.24 crore. The company is of course subject to the usual risks of customer concentration, dependence on Gujarat and a single manufacturing facility. The latest reported GMP is ₹0 (i.e. no premium estimated over the upper price band) although GMP is not an official figure and could well change. The balance of the company’s financial performance against the operational risks and the IPO valuation will be the key consideration for investors.
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Antala Industries IPO FAQs
The Antala Industries IPO is a book-built SME public issue of 34,82,000 equity shares with a face value of ₹10. It is entirely a fresh issue, aggregating to about ₹23.33 crore, and will list on BSE SME.
Investors can apply through a stockbroker or trading platform that offers IPO applications. They need a demat account, a bank account and a UPI ID or another supported ASBA method. Select the IPO, enter the number of lots and bid price, submit the application and approve the UPI mandate before the deadline.
The IPO has positive factors, including strong revenue growth, rising profits, improving margins and healthy return ratios. However, the company depends heavily on its top customers and on Gujarat. It also operates from a single facility and carries significant inventory. Whether it suits an investor depends on valuation, business prospects and risk appetite. No listing gain or return is guaranteed.
The IPO opens on 29 October 2026 and closes on 2 November 2026.
The lot size is 2,000 shares, and retail investors must apply for a minimum of 2 lots (4,000 shares). At the upper price band of ₹67, the minimum investment is ₹2,68,000.
The tentative allotment date is 3 November 2026.
The shares are tentatively scheduled to list on BSE SME on 5 November 2026.
