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Antala Industries IPOLIVE
Antala Industries Limited is a Rajkot-based manufacturer of BOPP bags, PP woven bags and laminated packaging products, serving industries such as food processing, fertilizers, chemicals, cement and agriculture.
- Open29 Oct
- Close5 Nov
- Allotment6 Nov
- Refund9 Nov
- Demat9 Nov
- Listing11 Nov
Bidding closes
in 1 day
29 Oct – 5 Nov
Grey market premium
Not yet Available
Bids until 4:00 PM on the closing day.
Overview
Price band
₹62-66
Lot size
2,000 shares
Minimum application 2 lots
Face value
₹10 / share
Issue type
Book Built Issue
Min. investment
₹2,64,000
2 lots · 4,000 shares
Listing at
BSE
Issue Size : 34,82,000 shares worth ₹22.98 Cr
- Fresh Issue : 34,82,000 shares worth ₹22.98 Cr
IPO Share Reservation
Total
94.93%
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,64,000 |
| Retail (Max) | 2 | 4,000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,56,000 |
Subscription
- QIB66.72xQIB66.72xQualified Institutional BuyersShares offered 36,000Shares applied 24,02,000Bid amount ₹15.85 Cr
- NII (HNI)0.65xNII (HNI)0.65xNon-Institutional InvestorsShares offered 5,10,000Shares applied 3,30,000Bid amount ₹2.18 Cr
- S-HNI0.44xS-HNI0.44xSmall HNI · ₹2L – ₹10LShares offered 1,68,000Shares applied 74,000Bid amount ₹0.49 Cr
- B-HNI0.75xB-HNI0.75xBig HNI · above ₹10LShares offered 3,42,000Shares applied 2,56,000Bid amount ₹1.69 Cr
- Retail0.42xRetail0.42xRetail Individual InvestorsShares offered 27,60,000Shares applied 11,64,000Bid amount ₹7.68 Cr
- Total1.18xTotal1.18xAll categories combinedShares offered 33,06,000Shares applied 38,96,000Bid amount ₹26.1 Cr
Financials
| Period(₹ Cr) | Revenue | Expense | PAT | Assets | Borrowing |
|---|---|---|---|---|---|
| Mar 2024 | 12.59 | 11.41 | 0.89 | 5.97 | 0.36 |
| Mar 2025 | 31.98 | 29.41 | 1.82 | 25.47 | 3.85 |
| Mar 2026 | 47.53 | 41.87 | 4.24 | 28.41 | 4.19 |
| Sept 2026 | 30.2 | 24.72 | 4.19 | 34.88 | 1.75 |
KPI & Valuation
Key performance indicators
- ROE
- 21.36%
- PAT Margin
- 13.9%
- ROCE
- 26.61%
- EBITDA Margin
- 19.12%
- Debt to Equity Ratio
- 0.08
- RoNW
- 18.88%
As of 30 Sept 2026
Valuation
- EPS Pre IPO
- ₹4.88
- EPS Post IPO
- ₹6.89
- P/E Pre IPO
- 6.94
- P/E Post IPO
- 9.72
Strengths & risks
Strengths
- Experienced promoters with 29+ years of experience.
- Diversified packaging products and industries.
- Integrated manufacturing facility.
- Four ISO certifications.
Risks
- Top 10 customers contributed 47.43% of FY2026 revenue.
- Raw material price fluctuations.
- High working capital requirements.
- No long-term customer contracts.
- Single manufacturing facility in Rajkot.
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet Working Capital Requirements. | 10.68 |
| To meet the requirements of Capital Expenditure towards Purchase of Machinery. | 5.89 |
| General Corporate Purposes. | - |
Promoter Holdings
Company Promoter(s)
- Rajeshkumar Chandulal Antala
- Lataben Rajeshbhai Antala
- Pankajkumar Chandulal Antala
- Hetalben Pankajkumar Antala
- Nevil Pankajbhai Antala
- Aaryan Rajesh Antala
- Shaily Rajeshkumar Antala
Registrar & contacts
Registrar
Bigshare Services Pvt. Ltd.
- 8657578989/8069219065/8069219060
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
Company
Antala Industries Limited
- Shapar RS No.84, Plot No.1, Opp. Shreeji Tiles, Veraval (Shapar), Kotda Sanghani, Rajkot, Gujarat, 360024
- 98255 17357
- cs@antalaindustriesltd.com
- https://antalalimited.in/
Documents
Lead managers
About Antala Industries
Antala Industries Limited is a Rajkot, Gujarat-based manufacturer of industrial and commercial packaging products, specializing in BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls. Originally established as Octagon Industries in April 2021, the business was converted into a public limited company in August 2024.
The company provides customized packaging solutions to industries including food processing, fertilizers, chemicals, cement, construction materials, textiles and agriculture.
Key Products:
- BOPP Bags: Multicolour printed, moisture-resistant laminated bags used for packaging food grains, fertilizers, chemicals, seeds and consumer products.
- BOPP Printing Rolls: Printed BOPP films featuring customer-specific branding, logos and product information, primarily used in laminated bag manufacturing.
- BOPP Lamination Rolls: Printed BOPP films laminated with PP woven fabric to provide strength, durability and moisture protection.
- PP Woven Bags: Durable polypropylene bags used for packaging and transporting grains, cement, fertilizers, animal feed and industrial materials.
- PP Woven Lamination Rolls: Polymer-coated PP woven fabric rolls offering enhanced moisture resistance and durability.
The company operates an integrated manufacturing facility at Shapar-Veraval, Rajkot, equipped with printing, extrusion lamination, cutting, stitching and finishing machinery. During FY2025–26, capacity utilization stood at 76.05% for printing, 76.67% for lamination and 71.43% for cutting and stitching.
Antala Industries offers customized packaging solutions with multicolour printing, moisture resistance and durable construction. It holds ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018 certifications.
As of September 30, 2026, Antala Industries Limited had 11 employees, across management, accounts and finance, administration, sales, secretarial and production functions.