Antala Industries Ltd. has announced public offering of 3482000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 56.00 per share. The gross proceeds of the issue are expected to be Rs 2,298.12 lakhs.
The company's initial public offer (IPO) will open on 29 October 2026 and is expected to close on 05 November 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 62.00-66.00 per share.
The IPO includes a fresh Issue of 3482000 Equity Shares of the Company at an price of Rs 66.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Antala Industries Ltd. anticipates using the proceeds of the issue for i To meet the Working Capital Requirementsii To meet the requirements of Capital Expenditure towards Purchase of Machineryiii General Corporate Purposes.
VATSA CAPITAL VENTURE PRIVATE LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.