Rajkot-Based Antala Industries Set for IPO Launch Soon After Securing BSE SME Approval
Rajkot (Gujarat) [India], October 21: Antala Industries Limited, a manufacturer of industrial and commercial packaging products, has received approval for its proposed initial public offering (IPO) and plans to list its shares on the BSE SME platform. The approval was received on October 14, 2026.
The proposed book-built issue will comprise a fresh issue of up to 46.80 lakh equity shares. The company plans to use Rs. 5.89 crore from the proceeds to purchase and install additional plant and machinery at its existing manufacturing facility, and Rs. 10.68 crore to meet working capital requirements. The rest will be used for general corporate purposes.
The planned investment in machinery is expected to increase manufacturing capacity, improve operational efficiency, and expand the company’s product range. The working capital allocation will help meet inventory needs and procure raw materials.
Incorporated on April 30, 2021 as Partnership Firm, M/s Octagon Industries and converted into Public limited Company on August 05, 2024, Antala Industries manufactures BOPP laminated bags, BOPP printing and lamination rolls, polypropylene (PP) woven bags and related packaging products. Its customers span sectors such as food processing, fertilisers, chemicals, cement and seeds.
