Antala Industries SME IPO
UpcomingBSE SMEOpens 29 October 2026Closes 2 November 2026
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…
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 at Shapar (Veraval), Rajkot, Gujarat, with extrusion, coating and lamination, rotogravure printing, stitching and finishing capabilities, and holds ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018 certifications. The Company was originally formed as the partnership firm 'M/s Octagon Industries' (2021) and converted into a public limited company in August 2024. As of July 21, 2026, it employed 11 personnel.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
29 Oct 2026
IPO Closes
2 Nov 2026
Allotment
3 Nov 2026
Listing
5 Nov 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 29 October 2026 |
| IPO Close Date | 2 November 2026 |
| Allotment Date | 3 November 2026 |
| Listing Date | 5 November 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,68,000 |
SHNI (Min) | 3 | ₹4,02,000 |
SHNI (Max) | 7 | ₹9,38,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,72,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 1.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 85.00% |
| Total | 100.00% |
IPO Objectives
- To meet the Working Capital Requirements of the Company (₹10.68 Crore / ₹1,068.00 Lakhs).
- To meet the requirements of Capital Expenditure towards Purchase of Machinery (₹5.89 Crore / ₹589.10 Lakhs).
- General Corporate Purposes.
Strengths
- Promoters and management with substantial experience (nearly three decades) in the packaging industry.
- Wide and customizable range of packaging products (BOPP bags, printing and lamination rolls, PP woven bags and lamination rolls) with flexibility to meet specific customer requirements.
- Established presence across multiple industrial and commercial end-use sectors, food processing, fertilizers, chemicals, cement and seeds.
- Integrated manufacturing infrastructure at Rajkot (extrusion, coating & lamination, rotogravure printing, stitching and finishing) supporting in-house production control and operational efficiency.
- Focus on product quality, customized solutions and timely delivery, backed by ISO 9001:2015, ISO 14001:2015, ISO 22000:2018 and ISO 45001:2018 certifications.
- Established business relationships with both customers and suppliers.
Weaknesses
- Severe geographic concentration: Gujarat contributed the large majority of revenue (approximately 70-71% in FY26 and Q1, and over 82% in the partnership-period years), exposing the business to regional developments.
- High customer concentration, with the top customer and top few customers accounting for a significant share of revenue, and reliance on repeat orders rather than firm long-term contracts.
- Very limited operating history as a company, incorporated only in August 2024 (converted from the partnership firm 'M/s Octagon Industries'), so multi-year comparability and governance track record are short.
- Negative cash flow from operating activities in FY26 (₹(488.26) Lakhs) and FY25 (₹(315.17) Lakhs), driven by working-capital build-up in inventory and receivables.
- Working-capital-intensive operations (current ratio ~2.45 and large inventory/receivables), a key reason ₹10.68 Crore of proceeds is earmarked for working capital.
- Very small workforce (11 personnel as of July 21, 2026), creating key-person dependence and execution risk as the Company scales.
- Exposure to volatility in polymer/BOPP raw-material prices, which can compress margins if not passed through to customers.
- Industry peers (Knack Packaging, Dhaval Packaging) are substantially larger in revenue and net worth, indicating competitive scale disadvantages.
Financial Performance
| Period Ended | 30 Sep 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 34.88 | 28.41 | 15.95 | 5.97 |
| Revenue (₹ Cr.) | 30.2 | 47.53 | 31.98 | 12.59 |
| PAT (₹ Cr.) | 4.19 | 4.24 | 1.82 | 0.89 |
| Net Worth (₹ Cr.) | 22.17 | 17.03 | 8.44 | 3.54 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Antala Industries Limited | 3.24 | 9.05 | 24.88% | 17.03 |
| Knack Packaging Limited | 3.71 | 27.51 | 30.09% | 308.19 |
| Dhaval Packaging Limited | 2.29 | 19.15 | 26.14% | 30.75 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Antala Industries Limited
- Registered Office: Shapar RS No.84, Plot No.1, Opp. Shreeji Tiles, Veraval (Shapar), Rajkot, Kotda Sanghani, Gujarat - 360024, India
- +91 98255 17357
- cs@antalaindustriesltd.com
- https://antalalimited.in/
Registrar Details
- Bigshare Services Private Limited
- 022-62638200
- ipo@bigshareonline.com
- https://www.bigshareonline.com
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Sources
We match Antala Industries SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.