Antala Industries IPO Listing Price, Share Price and Listing Gains

Antala Industries IPO overview

Updated 12 November 2026 (listed on BSE SME on 11 November at ₹52.80; day-1 close ₹50.16). Confirmed = red herring prospectus (RHP), SEBI or exchange notice. Reported = media or broker summaries of the RHP. Calculated = our arithmetic. Unofficial = grey-market quotes.

The Antala Industries IPO was open on the BSE SME platform from 29 October to 5 November 2026 (extended) at a revised price band of ₹62 to ₹66 a share (earlier ₹63 to ₹67). One lot is 2,000 shares, and individual investors apply for two lots (4,000 shares), which costs ₹2,64,000 at the revised upper band. The ₹23.33 crore issue is entirely new shares. After two days it was only about 0.8 times subscribed (Reported, BSE data), because individual investors, who are offered 83% of the shares, had bid for about a tenth of their quota. Bigshare Services finalised the allotment on 6 November, and the shares listed on BSE SME on 11 November at ₹52.80.

Antala Industries IPO subscription status

Final subscription, 5 November 2026: the extended issue closed at about 12.2 to 12.8 times (Reported). Individual investors, who are offered 83% of the shares, ended at 5.22 times their quota. Meanwhile, QIBs stayed at 66.72 times. Non-institutional totals differ between trackers (37.38x to 49.94x), which explains the range. The day-2 detail below is kept for the record.

After day 2 (30 October) the issue stood at about 0.8 times: Chittorgarh showed 0.81x at 5:05 PM and IPO Guru 0.82x to 0.83x (Reported, BSE data). The headline hides a lopsided book. The institutional (QIB) quota is tiny, just 36,000 shares, and it was bid about 67 times. Individual investors, offered 27.60 lakh shares, had covered only about 0.10 to 0.11 times, and non-institutional figures differ between sources (0.02x to 0.27x). The issue must reach full subscription by Monday 2 November.

Antala Industries IPO details at a glance

What Antala Industries does

Antala Industries makes packaging from polypropylene: BOPP bags (printed, laminated bags often used for rice, flour and seeds), BOPP printing and lamination rolls, PP woven bags and PP woven lamination rolls. Its buyers are in food processing, fertilisers, chemicals, cement and seeds. One integrated plant at Shapar-Veraval near Rajkot, Gujarat, handles extrusion, coating, lamination, rotogravure printing, stitching and finishing, and holds ISO 9001, 14001, 22000 and 45001 certificates.

The company was incorporated in August 2024 (Reported), yet its restated accounts go back to FY24, so the business existed before the company; the RHP explains the history. It is very small: 11 employees on 30 September 2026. The promoters are members of the Antala family, led by Rajeshkumar Chandulal Antala and Pankajkumar Chandulal Antala.

Antala Industries financials: revenue, profit and debt

Income rose almost fourfold between FY24 and FY26 and profit more than quadrupled to ₹4.24 crore. The striking number is the latest half-year: ₹4.19 crore of profit in six months, almost as much as all of FY26, on income of ₹30.20 crore. The net margin jumped from about 9% in FY26 to about 14% (Calculated). That may reflect better pricing or cheaper polymer, but a jump this sharp just before an IPO deserves scrutiny in the RHP. Debt is low: ₹1.75 crore against net worth of ₹22.17 crore in September.

Antala Industries IPO valuation: what ₹67 a share implies

September 2026 net worth of ₹22.17 crore minus reserves of ₹13.49 crore implies share capital of ₹8.68 crore, or about 86.8 lakh shares before the issue (Calculated). With 34.82 lakh new shares, Antala would be worth about ₹81 crore at ₹67. That is about 19 times FY26 profit, but only about 9.7 times the annualised first-half profit (Calculated). Net worth after the issue would be about ₹45.5 crore, so the price is about 1.8 times book value. Existing holders are diluted by about 29%.

So the valuation hinges almost entirely on whether the first-half margins last. On FY26 numbers the issue is not cheap; on the latest run-rate it is.

How Antala Industries will use the IPO money

Almost half the money funds working capital, which suggests sales are growing faster than the business can finance from its own cash. The ₹5.89 crore of machinery adds capacity to a single plant.

Antala Industries IPO GMP today

Both public trackers we checked showed nil grey-market premium for Antala Industries on 30 October (Unofficial), in line with weak demand from individual investors. A nil quote is not a forecast of a flat listing. In our GMP vs listing price tracker, Core4 Engineers also had a nil GMP and listed 20% below its issue price. The shares then followed the same path, listing on 11 November at ₹52.80, 20.0% below the issue price.

Antala Industries IPO lot size and minimum investment

Antala Industries IPO review: strengths and risks

Strengths

• Fast growth: income up almost fourfold in two years.
• Low debt: borrowings under ₹2 crore in September 2026.
• All new money: no offer for sale.
• Diverse end markets: food, fertiliser, cement, chemicals and seed packaging.

Risks

• Very small and new: incorporated in 2024 with 11 employees and one plant.
• Margin spike: first-half FY27 profit nearly matches all of FY26; check whether it can last.
• Weak demand so far: about 0.8 times after two days, with individual investors near 0.1 times.
• Commodity product: polypropylene prices and competition from many small converters squeeze margins.
• Not cheap on FY26: about 19 times full-year profit (Calculated).
• SME liquidity: a ₹2,68,000 minimum and thin trading after listing.

Our Scouter Reading: 2,700, Base

We score Antala Industries at 3,100 out of 10,000 on our earlier v1 research scale, at the low end of the Charged band. Points for growth, low debt and an all-fresh issue. Points against a very small, very young business, a sudden margin jump just before listing, a commodity product and weak demand from individual investors so far. The Scouter Reading rates the research case on the information above; it is not a recommendation to apply or avoid.

How to check Antala Industries IPO allotment status

Bigshare Services finalised the basis of allotment on 6 November 2026. You can still check by PAN or application number on the registrar’s site, Bigshare Services, or on the BSE allotment page. Refunds and demat credit were due on 9 November, before the 11 November listing. Our allotment status guide covers each method.

Antala Industries IPO listing price and share price today

Antala Industries listed on BSE SME on 11 November 2026 at ₹52.80, 20.0% below the ₹66 issue price, so the IPO gave no listing gains. It closed day one at ₹50.16, its 5% lower band (Reported). SME shares trade in thin volumes, so check BSE for the latest Antala Industries share price.

What we watched before the listing

• Allotment odds: with individual investors 5.22 times subscribed, roughly 1 in 5 minimum applications may get shares (Calculated, simplified).
• Refunds: blocked amounts for unsuccessful bids should be released by 9 November.
• GMP: nil after the close (Unofficial). GMP is not a forecast of the listing price.
• The RHP’s explanation of first-half margins and of the business history before 2024.

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Antala Industries IPO: frequently asked questions

Disclaimer: This article is for information and education only and is not investment advice or a recommendation to apply, buy or sell. Figures are from the RHP summaries and exchange data named in the text and may change; read the RHP before investing. SME shares can be thinly traded. GMP is unofficial.