Antala Industries IPO
Bidding opens on 29 October 2026, in 3 days, and closes on 2 November 2026.
Subscription and grey market figures refresh on a 30-minute cycle. Last synced 26 October 2026. Confirm current numbers on the exchange websites before you apply.
- Issue size
- ₹23.33 Cr
- Lot size
- 2,000 shares
- Minimum investment
- ₹1,34,000.00
- Face value
- ₹10.00
- Fresh issue
- ₹22.15 Cr
- Offer for sale
- ₹1.18 Cr
- Exchanges
- NSE and BSE
- Bidding dates
- 29 October 2026 to 2 November 2026
The dates that matter
An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.
Bidding opensNext
29 October 2026 in 3 days
Bidding closes
2 November 2026
Basis of allotment
3 November 2026
Refunds initiated
4 November 2026
Shares credited to Demat
4 November 2026
Listing on the exchange
5 November 2026
Issue dates
Grey market premium
No premium was quoted for this issue on any of the 3 days we hold a record for. A blank record is not a premium of zero, and it says nothing about demand either way.
About Antala Industries
Antala Industries Ltd. makes industrial and commercial packaging at a single plant in Rajkot, Gujarat. The company produces BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls. Customers come from food processing, fertilizers, chemicals, cement and seeds. The plant runs extrusion, coating and lamination, rotogravure printing, stitching and finishing under one roof, so the company controls printing, cutting, stitching and final packing itself. Antala Industries incorporated in August 2024 and holds ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018 certifications. It employed 11 people as of September 30, 2026. Revenue comes from selling packaging to industrial and commercial buyers, with custom print work built into the order.
Promoters
- Rajeshkumar Chandulal Antala
- Lataben Rajeshbhai Antala
- Pankajkumar Chandulal Antala
- Hetalben Pankajkumar Antala
- Nevil Pankajbhai Antala
- Aaryan Rajesh Antala
- Shaily Rajeshkumar Antala
Financial highlights
The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.
| Metric (₹ crore) | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 |
|---|---|---|---|---|
| Assets | 5.97 | 25.47 | 28.41 | 34.88 |
| Total Income | 12.59 | 31.98 | 47.53 | 30.20 |
| Profit After Tax | 0.89 | 1.82 | 4.24 | 4.19 |
| EBITDA | 1.36 | 2.82 | 6.15 | 5.76 |
| NET Worth | 3.54 | 12.19 | 17.03 | 22.17 |
| Reserves and Surplus | — | 3.02 | 8.79 | 13.49 |
| Total Borrowing | 0.36 | 3.85 | 4.19 | 1.75 |
Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Sep 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.
Key ratios
Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.
| Ratio | Value | What it measures |
|---|---|---|
| Earnings per share | ₹4.88 | Profit after tax divided by the number of shares. |
| P/E at the cap price | 6.94x | Issue price divided by earnings per share. Lower is cheaper, but only against the same industry. |
| P/E after the issue | 9.72x | The same ratio recalculated on the larger post-issue share count. |
| Price to book | 3.24x | Issue price against net assets per share. |
| Net asset value per share | ₹20.67 | What the company owns, less what it owes, per share. |
| Return on equity | 33.26% | Profit earned on shareholders’ money. |
| Return on capital employed | 42.23% | Profit earned on all the capital in the business, including debt. |
| Return on net worth | 24.88% | The offer document’s own name for return on shareholders’ funds. |
| Debt to equity | 0.25x | Borrowings against shareholders’ funds. Higher means more leverage. |
| Profit margin | 8.94% | Profit after tax as a share of income. |
| Operating margin | 12.97% | Operating profit as a share of income, before interest, tax and depreciation. |
| Market capitalisation | ₹81.45 Cr | Value of the company at the issue price. |
Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.
What the money is for
Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.
To meet Working Capital Requirements
₹10.68 Cr
To meet the requirements of Capital Expenditure towards Purchase of Machinery
₹5.89 Cr
General Corporate Purposes
Amount not stated
Peer comparison
The offer document compares the issuer against listed companies in the same business, on earnings, book value and return on net worth. Antala Industries is the first row.
| Company | EPS (₹) | P/E | NAV per share (₹) | RoNW |
|---|---|---|---|---|
| Antala Industries Ltd.This issue | 7.4 | — | ₹20.67 | 24.88% |
| Dhaval Packaging Ltd | 8.08 | 18.5 | ₹30.78 | 31.58% |
| Knack Packaging Ltd | 8.94 | 24.62 | ₹30.48 | 34.41% |
Reproduced from the peer comparison in the offer document. A dash means the document does not state that figure for that company. It is absent, not zero. Ratios are reported on the basis named in the document, which is not always the same period for every company.
Who gets what share
SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.
| Category | Share of issue | Amount |
|---|---|---|
| Retail individual investors | 83.48% | ₹18.49 Cr |
| Non-institutional (bids above ₹10 lakh) | 10.34% | ₹2.29 Cr |
| Non-institutional (bids up to ₹10 lakh) | 5.08% | ₹1.13 Cr |
| Qualified institutional buyers | 1.09% | ₹0.24 Cr |
Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.
Questions people ask
One lot is 2,000 shares. The price band is ₹63.00 to ₹67.00, and the block is calculated at the top of it, ₹67.00. That comes to ₹1,34,000.00 held in your bank account until the allotment is finalised. If you are not allotted, the block is released and the money never leaves your account.
Bidding runs from 29 October 2026 to 2 November 2026. Applications can be revised or withdrawn while bidding is open. Once it closes, the registrar finalises the basis of allotment the next working day and shares are credited the day after.
Retail applications run from 1 lot to 1 lots. The retail category caps an application at ₹2,00,000, so the upper limit is whichever comes first: the lot ceiling or the value ceiling.
Sources
- National Stock Exchange of India. "Upcoming and current public issues, with live bid quantities." The exchange publishes the bidding figures this page is built from, and is the authority on them. Accessed 15 September 2026.
- BSE. "Public issues — current and forthcoming." The second exchange carrying this issue, and the second source for its bidding data. Accessed 15 September 2026.
- Securities and Exchange Board of India. "Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018." The regulation that sets the issue process, the categories and the allotment rules. Accessed 15 September 2026.
- Antala Industries issue particulars are compiled and published by Ankit Kumar, Founder of DematOpen, refreshed every 30 minutes, and reviewed against the offer document. The record was last updated 26 October 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.