Antala Industries IPO
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Antala Industries IPO details
Schedule of Antala Industries
| Issue open date | 29 Oct 2026 |
| Issue close date | 02 Nov 2026 |
| UPI mandate deadline | 02 Nov 2026 (5 PM) |
| Allotment finalization | 03 Nov 2026 |
| Refund initiation | 04 Nov 2026 |
| Share credit | 04 Nov 2026 |
| Listing date | 05 Nov 2026 |
| Mandate end date | 17 Nov 2026 |
| Lock-in end date for anchor investors (50%) | 02 Dec 2026 |
| Lock-in end date for anchor investors (remaining) | 31 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Antala Industries
Antala Industries manufactures, processes, prints, laminates, and supplies industrial and commercial packaging products. The company specializes in the production of BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags, and PP woven fabric rolls. It operates an integrated manufacturing facility in Rajkot, Gujarat, equipped with extrusion, coating, and lamination, rotogravure printing, roll-to-roll multicolour printing, stitching, and finishing infrastructure to execute all production processes entirely in-house. The company generates revenue by providing customized packaging solutions to clients across sectors including food processing, fertilizers, chemicals, cement, and agricultural seeds. Its offerings provide durability, tensile strength, moisture resistance, and high-quality printability to enable safe bulk storage, transit, and product branding. In addition to customized printed bags with varying closures, sizes, and ply configurations, the company supplies intermediate rolls to other converters and manufactures multi-colour packaging tailored to client specifications.
Financials of Antala Industries
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 23.33 |
| Fresh Issue – Proceeds go to the company | 23.33 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Funding working capital requirements | 10.68 (45.78%) |
| Capital expenditure for purchase of machinery | 5.89 (25.25%) |
| General corporate purposes | 6.76 (28.98%) |
Strengths
- Promoters hold over 29 years of operational experience in the packaging sector.
- Operates an integrated in-house manufacturing plant from extrusion to finishing in Rajkot.
- Maintains a diversified product range spanning BOPP and PP woven packaging products.
- Supplies packaging to diverse sectors including food, fertilizer, chemicals, and cement.
- Certified under ISO 9001, ISO 14001, ISO 22000, and ISO 45001 standards.
Risks
- The top 10 customers contributed 56.43% of revenues for the stub period ended September 30, 2026.
- Significant raw material dependency on fluctuating petrochemical polymers like PP and LDPE.
- Over 70% of revenue from operations is geographically concentrated in Gujarat.
- Business relies entirely on purchase orders without long-term customer contracts.
- Recorded negative operating cash flows of ₹4.88 Cr in FY26 and ₹3.28 Cr in FY25.