Overview
Updated 2 hr agoAntala Industries Limited is an integrated manufacturer of industrial and commercial packaging products, including BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags, and PP woven lamination rolls. The company operates a manufacturing facility in Rajkot, Gujarat, and serves various sectors such as food processing, fertilizers, chemicals, cement, and agriculture.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,32,000 |
| bNII (min) | 8 | 16,000 | ₹10,56,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Day-wise demand
close of each bidding day| Day | Date | QIB | NII | bNII | sNII | Retail | Employee | Total |
|---|---|---|---|---|---|---|---|---|
| Day 2 | 30 Oct | -- | -- | -- | -- | -- | -- | 0.87x |
| Day 3 | 2 Nov | -- | -- | -- | -- | -- | -- | 1.08x |
| Day 4 | 3 Nov | -- | -- | -- | -- | -- | -- | 1.17x |
| Day 5 | 4 Nov | -- | -- | -- | -- | -- | -- | 4.87x |
| Day 6 | 5 Nov | -- | -- | -- | -- | -- | -- | 12.15x |
bNII = NII bids above ₹10 lakh, sNII = NII bids from ₹2 lakh to ₹10 lakh. Each day shows the last reading we recorded that day.
Grey market premium
Unofficial| Date | GMP | GMP % | Implied price |
|---|---|---|---|
| 06-Nov-2026 | ₹0 | 0.0% | ₹66 |
| 05-Nov-2026 | ₹0 | 0.0% | ₹66 |
| 04-Nov-2026 | ₹0 | 0.0% | ₹66 |
| 03-Nov-2026 | ₹0 | 0.0% | ₹66 |
| 02-Nov-2026 | ₹0 | 0.0% | ₹66 |
| 01-Nov-2026 | ₹0 | 0.0% | ₹66 |
| 31-Oct-2026 | ₹0 | 0.0% | ₹66 |
GMP is an unofficial, unregulated, community-tracked quote. It is not an exchange price and not a forecast. See how often it has been right →
Listing performance
Latest price updated 5 hr ago.
Grey market vs reality: the last GMP before listing was ₹0 (0.0%). It listed at −24.0%, off by 24.0 points.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Packaging |
| Price band | ₹62–66 |
| Final issue price | ₹66.00 |
| Face value | ₹10 per share |
| Lot size | 2,000 shares |
| Minimum investment | ₹1,32,000 |
| Issue size | ₹23.00 Cr |
| Market cap at upper band | ₹81.45 Cr |
| P/E at upper band | 9.1x |
| Registrar | BIGSHARE SERVICES PRIVATE LIMITED |
| Lead managers | Vatsa Capital Venture Private Limited |
| NSE symbol | ANTALA |
| ISIN | INE15Z101013 |
Shareholder quota and promoter holding
Company & business
Antala Industries Limited, incorporated in 2024, originated from a partnership firm 'M/s Octagon Industries' established in 2021. The company specializes in the manufacturing, processing, printing, and laminating of industrial and commercial packaging products. Its product 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 Shapar, Rajkot, Gujarat, equipped with extrusion, coating, lamination, rotogravure printing, roll-to-roll multi-colour printing, stitching, and finishing infrastructure. The company serves diverse industries including food processing, fertilizers, chemicals, cement, and agriculture, focusing on providing customized packaging solutions.
Objects of the issue — how the money will be used
- To meet the Working Capital Requirements (₹10.68 Cr)
- To meet the requirements of Capital Expenditure towards Purchase of Machinery (₹5.89 Cr)
- General Corporate Purposes
Key strengths
- Experienced Promoters and Management Team with over 29 years of experience
- Diversified product portfolio including BOPP and PP woven packaging solutions
- Presence across multiple end-user industries like cement, chemicals, fertilizers, and FMCG
- Integrated manufacturing facility allowing in-house production processes
- Customer-focused manufacturing and delivery process
- Established supplier and customer relationships
Key risks
- Substantial portion of revenue generated from Top 10 customers
- Geographical concentration of business and manufacturing facility in Gujarat
- Energy-intensive operations dependent on uninterrupted electricity and fuel supply
- Negative cash flow in operating activities in previous financial years
- Reliance on third-party logistics providers
- Absence of long-term customer agreements
- Regulatory risks arising from delays in updating records of the erstwhile partnership firm
- Dependence on raw material procurement concentrated in specific states
Promoters
Rajeshkumar Chandulal Antala, Lataben Rajeshbhai Antala, Pankajkumar Chandulal Antala, Hetalben Pankajkumar Antala, Nevil Pankajbhai Antala, Aaryan Rajesh Antala, Shaily Rajeshkumar Antala
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 12.51 | -- | 0.89 | 5.97 | 3.54 | 0.36 |
| FY26 | 47.40 | -- | 4.24 | 28.41 | 17.03 | 4.19 |
| H1 FY27 | 30.11 | -- | 4.19 | 34.88 | 22.17 | 1.75 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Antala Industries this issue | 47.4 | 7.40 | 9.1x | 24.88 | 20.67 |
| Knack Packaging Limited | 72.7 | 7.11 | 24.6 | 39.61 | 30.48 |
| Dhaval Packaging Limited | 52.3 | 9.75 | 18.5 | 49.80 | 30.78 |
This issue is priced at 9.1x P/E against a peer median of 21.6x: a discount of 58%. A measurement, not a verdict.
Other Packaging IPOs
Same sector, listed just before and after this one, with their listing-day change.
Vedant Poly FabsVPFL · NSE · SME · Packaging−5.0%9 Nov
Dhaval PackagingDHAVALPACK · BSE · SME · Packaging+15.1%6 Aug Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.