BSE SME Antala Industries shares start on the back foot

Antala Industries traded at Rs 50.16 on the BSE, representing a 24% discount over its issue price of Rs 66.

The scrip was listed at Rs 52.80, a 20% discount over the IPO price. The stock is currently down 5.36% over its listing price.

The counter hit a high of Rs 52.80 and a low of Rs 50.16. About 88,000 shares changed hands on the BSE.

Antala Industries' IPO was subscribed 12.19 times. The IPO opened for subscription on 29 October 2026 and closed on 5 November 2026. The price band was Rs 63-67 per share.

The issue comprised a fresh issue of 34.82 lakh shares. The company plans to utilise Rs 10.68 crore from the net proceeds towards working capital requirements and Rs 5.89 crore towards capital expenditure for purchasing machinery. The company has also earmarked a portion of the proceeds for general corporate purposes.

Incorporated in August 2024, Antala Industries is engaged in manufacturing, processing, printing, laminating and supplying industrial and commercial packaging products. Its product portfolio includes BOPP bags, BOPP printing rolls, BOPP lamination rolls, polypropylene (PP) woven bags and PP woven lamination rolls.

The company's packaging products cater to several end-user industries, including food processing, fertilisers, chemicals, cement and seeds. Its integrated manufacturing facility is located in Rajkot, Gujarat, and offers capabilities spanning extrusion, coating and lamination, rotogravure printing, stitching and finishing.

The company focuses on customised packaging solutions designed to provide durability, moisture resistance, print quality and product visibility. Its integrated operations enable in-house processing across multiple stages of production. As of September 30, 2026, the company had 11 employees across its various functions.

Antala Industries reported an improvement in its financial performance in FY26, with total income rising 48.62% year-on-year to Rs 47.53 crore from Rs 31.98 crore in FY25. Profit after tax (PAT) increased 132.97% to Rs 4.24 crore from Rs 1.82 crore during the same period.

For the six months ended September 30, 2026, the company reported total income of Rs 30.20 crore and PAT of Rs 4.19 crore. EBITDA stood at Rs 5.76 crore during the period.

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