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SME NSE • BSE Financial Services

Antala Industries Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

Listed
Price Band ₹66 per share per share
Lot Size 4000 Shares
Min. Investment ₹264000
Issue Size ₹22.98 Cr
Face Value ₹10
IPO Open 29 October 2026
IPO Close 05 November 2026
Allotment 06 Nov 2026
Listing 11 Nov 2026
Live demand

Subscription status for Antala Industries Ltd IPO

As of 11 Nov 26, 10:22 AM. Will get Updated in every 30 minutes

QIB -

Qualified Institutional Buyers

NII -

Non-Institutional Investors

Retail -

Retail Individual Investors

Total -

Across all investor categories

Key dates

IPO schedule for Antala Industries Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 29 Oct 2026
IPO Close 05 Nov 2026
Allotment 06 Nov 2026
Refund / Unblock 09 Nov 2026
Listing 11 Nov 2026
About the company

Who is Antala Industries Ltd ?

Antala Industries Limited was originally formed as a partnership firm under the name M/s Octagon Industries' dated April 30, 2021, under the Indian Partnership Act, 1932. The firm was thereafter converted from M/s Octagon Industries' into Public Limited Company as Antala Industries Limited' under the Companies Act, 2013, pursuant to a certificate of incorporation dated August 05, 2024, issued by the Central Registration Centre.

The Company specializes in the manufacture of BOPP bags, BOPP Printing Roll, BOPP lamination Roll, PP woven bags, PP Woven Fabrics Roll. It

provides customized packaging solutions to customers operating across various sectors such as food processing, fertilizers, chemicals, cement, seeds, etc. Its packaging products are designed to provide strength, durability, moisture resistance, enhanced shelf appeal and high-quality printability, enabling customers to effectively package, transport and market their products.

The Company operates an integrated manufacturing facility located at Rajkot, Gujarat, having extrusion, coating and lamination, rotogravure printing, roll-to-roll multi-colour printing, stitching and finishing infrastructure. The presence across multiple industries enables it to serve a diversified customer base and reduces dependence on any single end-user industry,

The Company has filed a Draft Prospectus with SEBI & is proposing for IPO, which comprise a fresh issue of 46,80,000 Equity shares of Rs 10 per Equity Share.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
No Data Available
Metric (₹ Cr)FY 2026FY 2025-
Total Income47.5325.13-
EBITDA6.362.46-
PAT4.241.50-
AUM28.4115.95-

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • Niche Market Focus with Quality and Timely Delivery.
  • Quality Assurance Standards.
  • Experienced Promoters.
  • Continuous Product and Process Improvement.
  • Skilled and Experienced Workforce.

Risks

  • A substantial portion of our revenue is generated from our Top 10 customers. Our reliance on a concentrated customer base, coupled with the nature of the commoditised and highly price-sensitive market in which we operate, subjects us to risks associated with customer concentration, demand cyclicality, pricing volatility, and fluctuations in purchasing patterns. The loss of any significant customer, a reduction in order volumes, inability to maintain existing customer relationships, or adverse changes in market conditions could have a material adverse effect on our business, financial condition, results of operations, and cash flows.
  • We operate in a business where raw material constitutes a pivot role while manufacturing our products, and any adverse movement in the prices or availability of our raw materials i.e. Polypropylene (PP) granules, LDPE granules, Granules Fillers, BOPP films and PP woven fabrics may materially affect our financial performance.
  • Our revenues are geographically concentrated in certain regions, and any adverse developments in such regions could materially and adversely affect our business, financial condition, and results of operations.
  • Our manufacturing operations are energy-intensive and depend on the uninterrupted availability of electricity and fuel. Any disruption in power supply, fuel shortages, or significant increases in energy costs may adversely affect our production processes, profitability, and financial condition.
  • Our Company may be subject to regulatory risks arising from delays in updating records of the erstwhile partnership firm.
  • Our manufacturing operations are highly dependent on the efficient functioning of our production machinery and equipment. Any breakdown, malfunction, or prolonged shutdown of such machinery may disrupt our operations and adversely affect our business, financial condition, and results of operations.
  • Our company has negative cashflow in its operating activities for the financial year ended on March 31, 2025 and 2023, from Investing activities for the financial year ended on March 31, 2025 and 2024, from Financing activities for the period ended on September 30, 2026 and financial year ended on March 31, 2024, details of which are given below. Sustained negative cashflow could impact our growth and business.
  • Our raw material procurement is substantially concentrated in the states of Gujarat, Madhya Pradesh and Maharashtra and any adverse developments in these regions may adversely affect our business, financial condition and results of operations.
  • The geographical concentration of our manufacturing facility in a single region increases our exposure to local economic, regulatory, infrastructural, environmental, and operational risks, any of which could adversely affect our business and financial performance.
  • Our Company primarily operates without long-term customer agreements, and the absence of binding purchase commitments, coupled with intense competition and price sensitivity, may result in customer attrition, reduced order volumes, increased pricing pressure, and revenue volatility, which could materially and adversely affect our profitability and financial performance.

Antala Industries Ltd IPO — frequently asked questions

The Antala Industries Ltd IPO opens on 29 October 2026 and closes on 05 November 2026. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for Antala Industries Ltd IPO is Rs 66 to Rs 66 per share. The lot size is 4000 shares per lot, requiring a minimum investment of Rs 264000 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 4000 lots as per SEBI guidelines.
You can apply for the Antala Industries Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select Antala Industries Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 05 November 2026 at 5:00 PM.
Allotment for Antala Industries Ltd IPO is scheduled on 06 Nov 2026. Refunds or unblocking of funds for unsuccessful applicants will be processed on 09 Nov 2026. The shares are expected to list on 11 Nov 2026. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the Antala Industries Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your Antala Industries Ltd IPO bid before the subscription window closes on 05 November 2026 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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