SME
IPO ·
BSE SME
Antala Industries Ltd
Open
Rajkot maker of BOPP and PP woven packaging bags and rolls for food, fertiliser, chemical and cement users.
Issue details
Price band
₹63 – ₹67
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,68,000
Issue size
₹23.33 Cr
Fresh issue
₹23.33 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
29 Oct 2026
Closes
2 Nov 2026
UPI mandate cut-off
5:00 PM on 2 Nov 2026
Allotment
3 Nov 2026
Refunds
4 Nov 2026
Shares in demat
4 Nov 2026
Listing
5 Nov 2026
Subscription and listing
Subscription
0.82x
Listing price
Not listed yet
Registrar
Bigshare Services Pvt Ltd
Lead manager
Vatsa Capital Venture Pvt Ltd
Subscription by category
QIB (Ex Anchor)
66.72x
NII
0.36x
Retail
0.05x
Total
0.82x
Grey market premium
Latest GMP
₹0
Est. listing price
₹67 (+0.0%)
Updated
30 Oct 2026
Unofficial grey market indication sourced via Chittorgarh. GMP is not regulated, can change quickly and is not a reliable guide to listing price. Not a recommendation.
Issue structure
Shares reserved per category and share of the total issue
QIB
36,000
1.03%
NII
5,10,000
14.65%
bNII > ₹10L
3,42,000
9.82%
sNII < ₹10L
1,68,000
4.82%
Retail
27,60,000
79.26%
Market Maker
1,76,000
5.05%
Total
34,82,000
100.00%
Finaccle’s quick read
Neutral
Income up 49% and PAT up 133% in FY26 with D/E of 0.25 and post-issue P/E of 9.72x, but profit has jumped from ₹0.89 Cr in FY24 and H1 FY27 PAT of ₹4.19 Cr almost matches all of FY26.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Antala Industries makes and prints industrial and commercial packaging, including BOPP bags, BOPP printing and lamination rolls and PP woven bags. It operates one integrated plant in Rajkot, Gujarat, and serves customers in several end-use industries. It is a small firm with 11 employees and FY26 total income of ₹47.53 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
33.26%
ROCE
42.23%
Debt / equity
0.25
PAT margin
8.94%
P/E post issue
9.72x
Market cap
₹81.45 Cr
Use of IPO money
Working capital requirements
₹10.68 Cr
Capex for purchase of machinery
₹5.89 Cr
General corporate purposes
—
Strengths
✓
Low debt/equity of 0.25, falling to 0.08 in Sep 2026
✓
Entirely fresh issue
✓
Post-issue P/E of 9.72x looks modest
✓
Multiple ISO certifications for quality and safety
Risks to watch
!
PAT rose from ₹0.89 Cr in FY24 to ₹4.24 Cr in FY26, a tiny base
!
H1 FY27 PAT nearly equals full FY26 PAT, a sharp pre-IPO jump
!
Company incorporated only in August 2024 with 11 employees
!
Single plant in a competitive packaging segment
!
Small revenue base of ₹47.53 Cr
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.