Antala Industries Limited IPO
IPO Details
Bidding Dates
29 Oct '26 - 02 Nov '26
Minimum Investment
₹2,68,000/2 lots (4000 shares)
Price Range
₹63 - ₹67
Maximum Investment
₹2,68,000/2 lots (4000 shares)
Retail Discount
N.A.
Issue Size
₹23.33 Cr
Investor category and sub category
Qualified Institutional Buyers (QIB) | Retail Individual Investors (RII) | Non-institutional Investors (NII)Antala Industries IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
29 Oct '26
IPO Closing date
02 Nov '26
Basis of Allotment
03 Nov '26
Initiation of Refunds
04 Nov '26
IPO Listing Date
05 Nov '26
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Oct 29 2026 | 66.72 | 0.36 | 0.05 | 0.82 |
Day 2Oct 30 2026 | 66.72 | 0.01 | 0.08 | 0.80 |
About Antala Industries IPO
Antala Industries Initial Public Offering is a book-building issue of ₹23.33 crore. The issue is entirely a fresh issue of 34.82 lakh shares amounting to ₹23.33 crore.
Antala Industries Initial Public Offering has a price band of ₹63 to ₹67 per share. The lot size for an application is 2,000 shares. The minimum investment required by an individual investor is ₹2,68,000 for 4,000 shares, based on the upper price band. The minimum lot size for high-net-worth investors is 3 lots, comprising 6,000 shares, amounting to ₹4,02,000.
Vatsa Capital Venture Private Limited is the book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue. Asnani Stock Broker Private Limited is the market maker for the company.
About Antala Industries Limited
Antala Industries Limited was incorporated as a public limited company on August 5, 2024, and is an India-based manufacturer of industrial and commercial packaging products. The company specialises in manufacturing, processing, printing, laminating and supplying packaging solutions for various industrial and commercial applications.
The company manufactures a range of packaging products, including Biaxially Oriented Polypropylene (BOPP) bags, BOPP printing rolls, BOPP lamination rolls, Polypropylene (PP) woven bags and PP woven lamination rolls. Its products are designed to provide strength, durability, moisture resistance and printability, while allowing customers to customise packaging according to their product specifications, branding and operational requirements.
Antala Industries Limited operates an integrated manufacturing facility at Shapar, Rajkot, Gujarat. The company's product portfolio caters to customers across multiple industries, including food processing, fertilisers, chemicals, cement, construction materials, textiles and seeds. Its packaging products are used for the storage, transportation and protection of goods, including agricultural products, food grains, industrial chemicals and construction materials. The company also aims to expand its customer base across different end-user industries and strengthen its product portfolio through value-added and customised packaging solutions.
The company holds ISO 9001:2015 certification for its quality management system, ISO 14001:2015 certification for its environmental management system, ISO 22000:2018 certification for its food safety management system and ISO 45001:2018 certification for its occupational health and safety management system. These certifications relate to its quality, environmental, food safety and occupational health and safety management practices.
For the financial year ended March 31, 2026, Antala Industries Limited reported revenue from operations of ₹47.40 crore and earnings before interest, taxes, depreci ation and amortisation of ₹6.15 crore. For the six-month period ended September 30, 2026, the company reported revenue from operations of ₹30.11 crore and profit after tax of ₹4.19 crore. The six-month financial figures represent a separate interim period and should not be directly compared with the full-year figures without accounting for the difference in reporting periods.
The company's business model is primarily based on the sale of industrial and commercial packaging products, supported by an integrated manufacturing process and customised production capabilities. Its customer-focused approach, diversified product portfolio and presence across multiple end-user industries support its efforts to develop repeat business and build long-term customer relationships.
Industry Outlook
The global plastic packaging market is estimated to reach USD 509.4 billion in 2026, compared with USD 493.42 billion in 2025, and is projected to grow to USD 597.43 billion by 2031, at a compound annual growth rate of 3.24%.
Flexible packaging formats accounted for 54.10% of global plastic packaging market revenue in 2025 and are projected to grow at a compound annual growth rate of 4.41% through 2031, supported by demand for lightweight and cost-effective packaging solutions.
Polypropylene is projected to be the fastest-growing material segment in the global plastic packaging market, with an estimated compound annual growth rate of 5.55% through 2031, presenting opportunities for manufacturers of polypropylene-based packaging products.
The Asia-Pacific region accounted for 40.80% of global plastic packaging market revenue in 2025 and is projected to grow at a compound annual growth rate of 6.78%, supported by expanding manufacturing activity, organised retail and e-commerce penetration.
India's plastics industry has significant growth potential, driven by rising domestic demand from packaging, infrastructure, healthcare and consumer goods sectors, alongside expanding export opportunities and changes in global supply chains.
India's plastics exports remained broadly stable in the financial year 2025–2026, reaching USD 12,468.7 million compared with USD 12,501 million in the previous financial year. Exports of flexible intermediate bulk containers, woven sacks, woven fabrics and tarpaulins grew by 12.7%, indicating resilience in this product category.
Government initiatives such as Make in India, export promotion schemes and the development of plastic parks are expected to support domestic manufacturing capacity, improve industry competitiveness and encourage investment in the plastics sector. The Plastic Export Promotion Council has set a target of increasing India's plastic exports to USD 25 billion by 2027.
Sustainability, recycling, reuse and circular economy practices are becoming increasingly important in the packaging industry. Manufacturers that invest in recyclable materials, improved production technologies and value-added packaging solutions may be better positioned to respond to evolving regulatory requirements and customer preferences.
Antala Industries IPO Objectives
The company proposes to utilise the net proceeds from the Issue towards the following objectives:
To meet working capital requirements.
To meet the requirements of Capital Expenditure towards Purchase of Machinery.
Towards general corporate purposes.
Financial Performance of Antala Industries Limited
Particulars | FY26 | FY25 | FY24 |
Revenue from operations (₹ million) | 474.05 | 318.50 | 125.13 |
EBITDA (₹ million) | 61.49 | 28.20 | 13.62 |
EBITDA Margin (%) | 12.97% | 8.85% | 10.88% |
Restated Profit / (Loss) After Tax (₹ million) | 42.36 | 18.17 | 8.86 |
PAT Margin (%) | 8.94% | 5.70% | 7.08% |
Total Equity / Net Worth (₹ million) | 170.29 | 84.42 | 35.45 |
Return on Net Worth (RoNW) (%) | 24.88% | 21.52% | 24.99% |
Return on Capital Employed (RoCE) (%) | 42.23% | 39.60% | 33.56% |
Antala Industries Limited Peer Details Comparison
Company Name | Total Income / Revenue (₹ Cr) | Basic EPS (₹) | RoNW (%) | NAV per Share (₹) |
Antala Industries Limited (Standalone) | 47.53 | 7.40 | 24.88% | 20.67 |
Knack Packaging Limited (Standalone) | 80.97 | 8.94 | 34.41% | 30.48 |
Dhaval Packaging Limited (Standalone) | 65.03 | 8.08 | 31.58% | 30.78 |
Strengths and Opportunities of Antala Industries IPO
Antala Industries manufactures a diversified range of packaging products, including BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls. Its customisation capabilities allow it to cater to different product specifications and packaging requirements across industries.
The company serves customers across multiple industries, including cement, chemicals, fertilisers, FMCG and textiles. This diversified customer base helps reduce dependence on any single end-user industry and provides opportunities to serve additional sectors.
Antala Industries reported revenue from operations of ₹47.40 crore in FY26, compared with ₹31.85 crore in FY25. EBITDA increased from ₹2.82 crore to ₹6.15 crore during the same period, reflecting improved financial performance.
The company’s EBITDA margin improved from 8.85% in FY25 to 12.97% in FY26. This improvement indicates stronger operating profitability during the year.
The promoters have over 29 years of experience in the packaging industry. Their expertise in manufacturing, product development, customer relationship management and business expansion supports the company’s operational and business development activities.
Antala Industries operates an integrated manufacturing facility at Shapar, Rajkot, Gujarat, with printing, lamination, cutting, stitching and finishing capabilities. This setup supports in-house production, quality control, operational efficiency and timely order execution.
The company has developed relationships with customers and suppliers over the years. These relationships support raw material procurement, continuity of manufacturing operations, customer satisfaction and repeat business.
Antala Industries plans to expand its customer base across sectors such as rice, flour, pulses, sugar, animal feed, fertilisers, cement and chemicals. It also intends to broaden its value-added packaging portfolio to address diverse customer requirements and explore new business opportunities.
Risks and Threats of Antala Industries IPO
1. A substantial portion of Antala Industries’ revenue comes from its top 10 customers, accounting for 47.43% of revenue from operations in FY26. Losing major customers, receiving fewer orders or facing pricing pressure from key buyers could adversely affect its revenue, profitability and cash flows.
2. The company operates in a highly competitive and fragmented packaging industry with organised and unorganised manufacturers. Low entry barriers and limited product differentiation may intensify price competition and put pressure on its margins.
3. Antala Industries depends on the timely availability of raw materials, including polypropylene and other packaging inputs. Price increases, supply shortages, transportation disruptions or geopolitical developments could increase production costs and adversely affect profitability.
4. The company’s revenue is concentrated in certain geographical regions, exposing it to regional economic slowdowns, changes in customer demand, labour shortages, infrastructure constraints and other local disruptions. Limited geographical diversification could affect its business performance.
5. The company’s manufacturing operations depend on uninterrupted electricity and fuel supplies and adequate factory utilisation. Power disruptions, equipment issues, operational shutdowns or lower production volumes could delay orders, increase costs and reduce profitability.
6. Antala Industries generally receives orders through purchase orders rather than long-term customer contracts. Customers may reduce or cancel orders, change suppliers or renegotiate commercial terms, making revenue visibility and future demand less predictable.
7. The company requires sufficient working capital to procure raw materials, maintain inventory and meet operating expenses. Any difficulty in securing additional funding, collecting receivables or managing cash flows could constrain operations and planned business expansion.
8. Antala Industries relies significantly on the experience and business relationships of its promoters and directors. The loss of key individuals, difficulties in retaining skilled employees, changes in regulations or an inability to adapt to new technologies and implement expansion plans could adversely affect its future growth.
Antala Industries Limited IPO Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 1.09% of the Net Issue |
NII Shares Offered | Not less than 15.43% of the Net Issue |
Retail Shares Offered | Not less than 83.48% of the Net Issue |
Antala Industries Limited IPO Promoter Holding
The promoters of the company are Rajeshkumar Chandulal Antala, Lataben Rajeshbhai Antala, Pankajkumar Chandulal Antala, Hetalben Pankajkumar Antala, Nevil Pankajbhai Antala, Aaryan Rajesh Antala and Shaily Rajeshkumar Antala.
Share Holding Pre-Issue | 72.92% |
Share Holding Post Issue | - |
Antala Industries Limited IPO Prospectus
Antala Industries Limited IPO Registrar and Lead Managers
Antala Industries Limited IPO Lead Managers
Vatsa Capital Venture Private Limited
Registrar for Antala Industries Limited IPO
Bigshare Services Private Limited
Contact Number: 8657578989/8069219065/8069219060
Email Address: ipo@bigshareonline.com
How To Apply for Antala Industries Limited IPO Online?
Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Antala Industries Limited IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the Antala Industries Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.
Don't miss the next investment opportunity - browse the Upcoming IPO on Angel One.
Contact Details of Antala Industries Limited IPO
Registered Office: Shapar RS No.84, Plot No.1, Opp. Shreeji Tiles, Veraval (Shapar), Rajkot, Kotda Sanghani, Gujarat, India, 360024
Phone: 98255 17357
E-mail: cs@antalaindustriesltd.com
- How to Apply in IPO
- How to Check IPO Allotment Status
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Antala Industries Limited IPO FAQs
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of two lots, comprising 4000 equity shares. At the upper price band of ₹67 per share, the minimum investment required is ₹2,68,000.
When will the Antala Industries Limited IPO be allotted?
The basis of allotment date for the Antala Industries Limited IPO is to be finalised on November 3, 2026.
How to increase your chances of getting a Antala Industries Limited IPO allotment?
Multiple Submissions: Use different Demat accounts belonging to different eligible applicants to make separate applications.
Price Bidding: Opt for bidding at the cut-off price or the upper price band to avoid the application being rejected due to a lower bid.
Timely Subscription: Ensure you submit your IPO application within the specified subscription period and complete the required application process before the deadline.
Application Details: Check your PAN, Demat account, bank account and UPI details carefully before submitting the application to avoid rejection due to errors.
How do I approve the UPI mandate request for the Antala Industries Limited IPO?
After submitting your IPO application, you will receive a UPI mandate request in your chosen UPI app. Review the details and approve the mandate before the specified deadline to complete your application.
Can I submit more than one application for the public issue of Antala Industries Limited using one PAN?
No, you should not submit multiple IPO applications using the same PAN under the same investor category. Multiple applications with the same PAN may be rejected as invalid during the allotment process.
What is 'pre-apply' for Antala Industries Limited IPO?
Pre-apply allows investors to submit their IPO application before the public issue officially opens for subscription. The application is saved in advance and is processed when the IPO opens.
If I pre-apply for the Antala Industries Limited IPO, when will my order get placed?
Pre-apply allows investors to apply for the Antala Industries Limited IPO two days before the subscription period opens on Oct 29, 2026, ensuring an early submission of your application
When will I know if my Antala Industries Limited IPO order is placed?
You will receive a confirmation once your IPO order has been successfully placed on the exchange. You will also receive notifications through your email and SMS.
Where is the Antala Industries Limited IPO getting listed?
The Antala Industries Limited IPO is proposed to be listed on the BSE SME platform. The listing date is November 5, 2026.
