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.
Antala Industries IPO – Details
| IPO Opening Date | 29 October 2026 |
| IPO Closing Date | 02 November 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 34,82,000 Shares Worth ₹23.33 Crore Fresh Issue: 34,82,000 Shares Worth ₹23.33 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹63 – ₹67 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 1.09% |
| NII Shares Offered | 15.43% |
| Retail Shares Offered | 83.48% |
Antala Industries IPO – Date Schedule
| IPO Open Date | 29 October 2026 |
| IPO Close Date | 02 November 2026 |
| Basis of Allotment | 03 November 2026 |
| Initiation of Refund | 04 November 2026 |
| Credit of Shares to Demat | 04 November 2026 |
| IPO Listing Date | 05 November 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 02, 2026 |
Antala Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,68,000 |
| Retail (Max) | 2 | 4000 | ₹2,68,000 |
| S-HNI (Min) | 3 | 6000 | ₹4,02,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,38,000 |
| B-HNI (Min) | 8 | 16000 | ₹10,72,000 |
Competitive Strength
- Experienced promoters and management team with extensive packaging industry expertise.
- Diversified product portfolio with customization capabilities.
- Presence across multiple end-user industries.
- Integrated manufacturing capabilities supporting operational efficiency.
- Customer-focused manufacturing and delivery process.
- Established supplier and customer relationships.
Company Promoters
- Rajeshkumar Chandulal Antala
- Lataben Rajeshbhai Antala
- Pankajkumar Chandulal Antala
- Hetalben Pankajkumar Antala
- Nevil Pankajbhai Antala
- Aaryan Rajesh Antala
- Shaily Rajeshkumar Antala
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹12.59 Cr | ₹11.41 Cr | ₹0.89 Cr | ₹0.36 Cr |
| 31 March 2025 | ₹31.98 Cr | ₹29.41 Cr | ₹1.82 Cr | ₹3.85 Cr |
| 31 March 2026 | ₹47.53 Cr | ₹41.87 Cr | ₹4.24 Cr | ₹4.19 Cr |
| 30 September 2026 | ₹30.20 Cr | ₹24.72 Cr | ₹4.19 Cr | ₹1.75 Cr |
Key Performance Indicator
| KPI | Values (Sep 30, 2026) |
|---|---|
| ROE | 21.36% |
| ROCE | 26.61% |
| Debt/Equity | 0.08 |
| RoNW | 18.88% |
| PAT Margin | 13.90% |
| EBITDA Margin | 19.12% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.88 | 6.89 |
| P/E (x) | 6.94 | 9.72 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To meet Working Capital Requirements. | ₹10.68 |
| To meet the requirements of Capital Expenditure towards Purchase of Machinery. | ₹5.89 |
| General Corporate Purposes. |
✅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.
Antala Industries IPO Promoter Holding
| Pre-Issue Share Holding | 72.92% |
| Post Issue Share Holding | – |
Antala Industries IPO Prospectus
Company Contact Information
| Antala Industries Limited Shapar RS No.84, Plot No.1, Opp. Shreeji Tiles, Veraval (Shapar), Kotda Sanghani, Rajkot, Gujarat, 360024 Phone: 98255 17357 Email: cs@antalaindustriesltd.com Website: https://antalalimited.in/ |
Antala Industries IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Antala Industries IPO Lead Manager(s)
| 1. Vatsa Capital Venture Pvt. Ltd. |
Antala Industries IPO FAQ
| What is the Antala Industries IPO? Antala Industries IPO is an SME IPO. The issue is priced at ₹63 – ₹67 per equity share. The IPO is to be listed on BSE SME. |
| When will Antala Industries IPO open? The IPO is to open on 29 October 2026 for QIB, NII and Retail Investors. |
| What is Antala Industries IPO Investors’ Portion? The Investors portion for QIB – 1.09%, NII – 15.43%, and Retail – 83.48%. |
| What is the Antala Industries IPO Size? Antala Industries IPO size is ₹23.33 Crore. |
| What are the Antala Industries IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,68,000, while the maximum bid is 4000 Shares for ₹2,68,000. |
| What is the Antala Industries IPO Allotment Date? Antala Industries IPO allotment date is 03 November 2026. |
| What is the Antala Industries IPO Listing Date? Antala Industries IPO listing date is 05 November 2026. The IPO is to be listed on the BSE SME. |
