Antala Industries IPO

The Antala Industries SME IPO runs from 29 Oct 2026 to 2 Nov 2026, offered at a price band of ₹63–67 per share, and is set to list on BSE. The company is looking to raise ₹23.33 crore through the offer. Retail investors bid in lots of 2000 shares, a minimum application of ₹2,68,000.

Issue structure

The IPO is structured entirely as a fresh issue of ₹22.15 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward to meet working capital requirements (₹10.68 crore), alongside to meet the requirements of capital expenditure towards purchase of machinery (₹5.89 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Antala Industries reported revenue of ₹30.2 crore and a net profit of ₹4.19 crore. Revenue grew from ₹12.59 crore in FY2024 to ₹30.2 crore in FY2026 (+140.0%). Net worth stood at ₹22.17 crore at the end of FY2026. At the upper band, that puts the issue at roughly 13.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 9.72× post-issue earnings and 3.24× book value, against a return on net worth of 18.88% and a debt-to-equity ratio of 0.08. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Dhaval Packaging Ltd and Knack Packaging Ltd, with a median peer P/E of about 21.6×. The issue's own post-issue P/E works out to 9.72×.

Promoters

The promoters of the company are <p>Rajeshkumar Chandulal Antala, Lataben Rajeshbhai Antala, Pankajkumar Chandulal Antala, Hetalben Pankajkumar Antala, Nevil Pankajbhai Antala, Aaryan Rajesh Antala, Shaily Rajeshkumar Antala</p>. Promoter holding stands at 72.92% before the issue and comes down to 0% after listing.

Grey market premium (GMP)

In the unofficial grey market, Antala Industries shares are quoted at a premium of ₹0 implying an expected listing around ₹67, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Antala Industries IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Antala Industries

Antala Industries Limited is engaged in the production, processing, printing, lamination and supply of industrial and commercial packaging materials. Its product range includes BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls, catering to industries such as food processing, fertilizers, chemicals, cement and seeds. The Company operates an integrated manufacturing facility in Rajkot, Gujarat, equipped with extrusion, coating and lamination, rotogravure printing, stitching and finishing capabilities. The Company offers customized packaging solutions designed to provide strength, durability, moisture resistance, superior print quality and improved product presentation. Its integrated production infrastructure supports in-house operations ranging from printing and lamination to cutting, stitching, finishing and final packaging, enabling effective quality management, efficient production and timely order fulfilment. The Company holds ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018 certifications. Its promoters bring nearly three decades of experience in the packaging industry. As of July 21, 2026, the Company employed 11 personnel across various functions, including accounts and finance, management, administration, sales, secretarial and production. Its competitive advantages include experienced promoters and management, a broad and customizable packaging portfolio, a presence across diverse industries, integrated manufacturing operations, a customer-oriented approach and well-established relationships with suppliers and customers. Strengths: Promoters and management with substantial experience in the packaging industry. Wide range of packaging products with flexibility to meet customized customer requirements. Established presence across several industrial and commercial end-use sectors. Integrated manufacturing infrastructure supporting production control and operational efficiency. Focus on product quality, customized solutions and timely delivery. Established business relationships with customers and suppliers.