Last updated: Fri, Oct 30, 2026, 12:00 PM IST · SME IPO · BSE · Day 2 of 3
- Antala Industries IPO subscribed 0.78x overall on Day 2
- Total bids: 27,16,000 shares against 34,82,000 shares on offer
- Category-wise: QIB 66.72x, NII 0.27x, Retail 0.05x
- Price band: ₹63 to ₹67 per share
- The issue closes on Mon, Nov 2, 2026
The Antala Industries IPO reached a subscription multiple of 0.78x on day 2 of 3 trading days as of Fri, Oct 30, 2026, 12:00 PM IST. The total number of bids stood at 27,16,000 shares against 34,82,000 shares offered.
Qualified institutional buyers (QIB), which are institutional investors like banks and mutual funds, led the bidding at 66.72x. This category accounted for the majority of the total bids received by the exchange.
Antala Industries IPO Subscription Status: Day 2
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 2 | Fri, Oct 30, 2026 | 27,16,000 | 18.20 | 0.78x |
Category-wise subscription
| Category | Shares offered | Day 2 bids | Day 2 (x) |
|---|---|---|---|
| QIB | 36,000 | 24,02,000 | 66.72x |
| NII | 6,86,000 | 1,82,000 | 0.27x |
| of which individual NII | — | 6,000 | — |
| of which corporate NII | — | 1,76,000 | — |
| Retail | 27,60,000 | 1,32,000 | 0.05x |
| Total | 34,82,000 | 27,16,000 | 0.78x |
The QIB category bid for 24,02,000 shares against their quota of 36,000 shares. In contrast, the non-institutional investors (NII), which are individuals or entities bidding above ₹2 lakh, reached 0.27x. Retail investors, the category for individuals bidding up to ₹2 lakh, recorded a subscription of 0.05x. The total bids across all categories reached 27,16,000 shares.
Antala Industries IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Thu, Oct 29, 2026 to Mon, Nov 2, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹63 to ₹67 per share |
| Lot size | 4,000 shares |
| Total issue size | 34,82,000 shares (₹23 crore) |
| Listing at | BSE |
| Lead managers | Vatsa Capital Venture Pvt Ltd. |
| Registrar | Bigshare Services Pvt Ltd |
About Antala Industries
Antala Industries Ltd. manufactures, processes, prints, laminates, and supplies industrial and commercial packaging products. As per the DRHP, the company produces BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags, and PP woven fabrics roll. Originally formed as a partnership firm in 2021, it converted into a public limited company in 2024. The company operates an integrated manufacturing facility in Rajkot, Gujarat, featuring extrusion, coating, lamination, and rotogravure printing infrastructure. It serves clients across sectors including food processing, fertilizers, chemicals, cement, and seeds.
Antala Industries Financial Highlights
| Metric | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue from operations (₹ crore) | 474.05 | 250.22 |
| Total income (₹ crore) | 475.34 | 251.34 |
| Profit after tax (₹ crore) | 42.36 | 15.01 |
| Net worth (₹ crore) | 170.29 | 84.42 |
| Total borrowings (₹ crore) | 30.37 | 21.66 |
| EPS (₹) | 5.14 | 2.77 |
Revenue from operations grew 89.5% in FY 2025-26 to ₹474.05 crore from ₹250.22 crore in FY 2024-25. Profit after tax rose 182.3% to ₹42.36 crore in FY 2025-26 from ₹15.01 crore in FY 2024-25. The debt-to-equity ratio stood at 0.18x at the end of FY 2025-26.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| To meet the Working Capital Requirements of the company | 10.68 |
| To meet the requirements of Capital Expenditure towards Purchase of Machinery of the company | 5.89 |
Risk Factors as per the DRHP
- The company faces risks from a concentrated customer base, as it relies on its top 10 customers for a significant portion of its business operations.
- Revenue generation and raw material procurement are geographically concentrated in specific states, including Gujarat and Maharashtra, which may impact the company if regional disruptions occur.
- The company has experienced delays in statutory compliance under the Companies Act, 2013, which could lead to potential regulatory or legal challenges for the business.
- Operational risks include potential machinery breakdown or maintenance issues, alongside exposure to raw material price volatility and competition within the packaging industry.
How to Check Antala Industries IPO Subscription Status
Live bidding figures are published by BSE while the issue is open. Once it closes, allotment status is published by the registrar, Bigshare Services Pvt Ltd.
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Fri, Oct 30, 2026, 12:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.