Antala Industries IPO

Antala Industries Limited, incorporated in August 2024, manufactures, processes, prints, laminates and supplies industrial and commercial packaging products. Its portfolio includes BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls. The company operates an integrated manufacturing facility in Rajkot, Gujarat, with in-house capabilities covering extrusion, coating, lamination, rotogravure printing, stitching and finishing. It serves industries including food processing, fertilisers, chemicals, cement and seeds, providing customised packaging solutions focused on durability, moisture resistance and print quality. The company holds ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018 certifications. Its promoters bring nearly three decades of packaging industry experience, supporting its manufacturing and customer service capabilities.

Antala Industries Limited IPO Overview

Antala Industries Limited IPO is a bookbuilding issue worth ₹23.33 crore, comprising a fresh issue of 34,82,000 shares, with no offer for sale. The IPO opens on 29 October 2026 and closes on 2 November 2026. The price band is ₹63 to ₹67 per share, with a face value of ₹10 per share. Investors must apply for a minimum of 4,000 shares, equivalent to two lots, requiring ₹2,68,000 at the upper price band. The minimum small HNI application is 6,000 shares, amounting to ₹4,02,000. The allotment is tentatively scheduled for 3 November 2026, followed by refunds and demat credit on 4 November 2026. The shares are expected to list on the BSE SME on 5 November 2026. Vatsa Capital Venture Pvt. Ltd. is the book-running lead manager, Bigshare Services Pvt. Ltd. is the registrar, and Asnani Stock Broker Pvt. Ltd. is the market maker. The issue includes a 1,76,000-share market-maker reservation.

Antala Industries Limited IPO Details

Particulars	Details
IPO Date	29 October 2026 to 2 November 2026
Listing Date	5 November 2026 (tentative)
Face Value	₹10 per share
Issue Price Band	₹63 to ₹67 per share
Lot Size	2,000 shares
Total Issue Size	34,82,000 shares (aggregating up to ₹23.33 crore)
Fresh Issue	34,82,000 shares (aggregating up to ₹23.33 crore)
Offer for Sale	Nil
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Shareholding Pre-Issue	86,74,736 shares
Shareholding Post-Issue	1,21,56,736 shares
Market Maker Portion	1,76,000 shares
Book Running Lead Manager	Vatsa Capital Venture Pvt. Ltd.
Registrar	Bigshare Services Pvt. Ltd.
Market Maker	Asnani Stock Broker Pvt. Ltd.

Antala Industries Limited IPO Reservation

Investor Category	Shares Offered
QIB	36,000 shares (1.09% of net issue)
Retail	27,60,000 shares (83.48% of net issue)
NII (HNI)	5,10,000 shares (15.43% of net issue)
Market Maker	1,76,000 shares (firm reservation)
Total Issue	34,82,000 shares

Antala Industries Limited IPO Lot Size

Application	Lots	Shares	Amount
Individual Investor (Minimum)	2	4,000	₹2,68,000
Individual Investor (Maximum)	2	4,000	₹2,68,000
S-HNI (Minimum)	3	6,000	₹4,02,000
S-HNI (Maximum)	7	14,000	₹9,38,000
B-HNI (Minimum)	8	16,000	₹10,72,000

Antala Industries Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	72.92%
Post-Issue	51.99%

Antala Industries Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹7.40
Price/Earnings (P/E) Ratio	9.05x
Return on Net Worth (RoNW)	24.88%
Net Asset Value (NAV)	₹20.67 per share
Return on Equity (ROE)	24.88%
Return on Capital Employed (ROCE)	42.23%
EBITDA Margin	12.97%
PAT Margin	8.91%
Debt-to-Equity Ratio	0.25x

Objectives of the Proceeds

The company proposes to utilise the net proceeds from the IPO for the following purposes:

I. ₹10.68 crore towards supporting day-to-day operations, managing inventory and receivables, and meeting the company’s operating funding needs.

II. ₹7.32 crore towards capital expenditure for machinery to strengthen manufacturing capacity and improve production capabilities.

III. General Corporate Purposes

Key Financials (in ₹ crore)

Particulars	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 (PAT)	4.19	4.24	1.82	0.89
Reserves and Surplus	13.49	8.79	3.02	—
Total Borrowings	1.75	4.19	3.85	0.36

Antala Industries Limited IPO Peer Comparison

Company Name	EPS (Basic)	NAV (₹ per share)	P/E Ratio (x)	RoNW (%)	P/BV Ratio
Antala Industries Ltd.	₹7.40	₹20.67	9.05*	24.88%	3.24*
Peer Group
Knack Packaging Ltd.	₹8.94	₹30.48	24.62	34.41%	6.83
Dhaval Packaging Ltd.	₹8.08	₹30.78	18.50	31.58%	3.60

IPO Strengths

I. Experienced promoters and management team with extensive packaging industry expertise.

II. Diversified product portfolio with customisation capabilities.

III. Presence across multiple end-user industries.

IV. Integrated manufacturing capabilities supporting operational efficiency.

V. Customer-focused manufacturing and delivery process.

VI. Established supplier and customer relationships.