Now Reading: Antala Industries SME IPO opens at Rs 63 to 67 per share
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Antala Industries SME IPO opens at Rs 63 to 67 per share
The Story in Brief
Antala Industries Ltd's Rs 23.33 crore SME IPO opened for subscription on Thursday, 29 October 2026, and will close on 2 November. The book-built issue of 34.82 lakh shares is entirely a fresh issue, with a price band of Rs 63 to Rs 67 per share. Retail investors must bid for at least two lots of 2,000 shares each, requiring a minimum investment of Rs 2.68 lakh at the upper price band.
The company plans to use Rs 10.68 crore of the proceeds for working capital, Rs 5.89 crore for purchasing machinery and the rest for general corporate purposes. Antala reported total income of Rs 48 crore in FY26, up 49% from Rs 32 crore in the previous year. Profit after tax surged 133% to Rs 4 crore. Share allotment is expected on 3 November, with listing on the BSE SME platform tentatively scheduled for 5 November.
Indian Opinion Analysis
The 133% profit jump and strong income growth give the company a compelling narrative for retail investors, but the funds raised are modest and earmarked mostly for working capital and one machine purchase. The three-day subscription window from 29 October to 2 November will test demand, with the allotment confirmation due on 3 November and the BSE SME listing expected on 5 November. Investor attention will focus on whether the issue is fully subscribed and whether the listing premium reflects the reported growth.
Source: economictimes.indiatimes.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
