VMPL
Rajkot (Gujarat) [India], October 26: Antala Industries Limited, a Rajkot-based manufacturer of BOPP laminated bags and polypropylene (PP) woven packaging products, is set to launch its Initial Public Offering (IPO) aggregating ₹23.33 crore on October 29, 2026. The book-built issue comprises an entirely fresh issue of 34.82 lakh equity shares and will close on November 2, 2026. The company proposes to list its shares on the BSE SME platform, with the listing tentatively scheduled for November 5, 2026.
The IPO has a price band of ₹63–₹67 per equity share, with a lot size of 2,000 shares. At the upper end of the price band, the minimum retail application of 4,000 shares amounts to ₹2,68,000. The allotment is expected to be finalised on November 3, 2026. Vatsa Capital Venture Pvt. Ltd. is the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd. is the registrar.
Financial Performance
According to the company’s restated financial information for the six months ended September 30, 2026, Antala Industries reported revenue from operations of ₹30.11 crore and total revenue of ₹30.20 crore. Profit after tax (PAT) stood at ₹4.19 crore, while EBITDA was ₹5.76 crore. The company reported an EBITDA margin of 19.12% for the period.
For FY2025–26, revenue from operations was ₹47.40 crore, compared with ₹31.85 crore in FY2024–25, representing year-on-year growth. EBITDA for FY26 stood at ₹6.15 crore, compared with ₹2.83 crore in FY25, while PAT was ₹4.24 crore against ₹1.81 crore. The EBITDA margin improved to 12.97% in FY26 from 9.34% in FY25.
As of September 30, 2026, the company reported total assets of ₹34.88 crore and net worth of ₹22.17 crore. Long-term borrowings stood at ₹1.44 crore and short-term borrowings at ₹0.31 crore, taking total borrowings to approximately ₹1.75 crore.
Across the three financial years from FY2023–24 to FY2025–26, revenue from operations increased from ₹12.51 crore in FY24 to ₹47.40 crore in FY26, while PAT rose from ₹0.89 crore to ₹4.24 crore, according to the restated financial information.
Business Overview
Antala Industries Limited manufactures BOPP laminated bags, PP woven bags, printed rolls, lamination products and other packaging-related materials. Its products cater to industries including food processing, agriculture, fertilisers, chemicals, construction materials, animal and pet food, and other industrial applications.
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Antala Industries Limited Reports ₹30.11 Crore Revenue and ₹4.19 Crore PAT in H1 FY27; IPO to Open October 29
