Antala Industries files Draft Red Herring Prospectus for IPO

Dhaval Packaging Private Limited has opened its ₹36.36 crore (US$4.36 million) SME #IPO for public subscription, with a price band of ₹92 (US$1.10) to ₹97 (US$1.16) per share, after raising ₹9.99 crore (US$1.20 million) from anchor investors led by Vikas Khemani’s Carnelian Asset Management and Advisors Pvt Ltd. The Ahmedabad-based #plastic #packaging #manufacturer’s IPO will close on August 3, with proceeds earmarked for capacity #expansion at its Sanand-II facility (₹27.19 crore / US$3.26 million) and loan repayment (₹3.75 crore / US$449,000). Read more here: https://lnkd.in/dwgByVVa #Dhaval #packaging #investments #IPO

Fresh developments making headlines: 💠 *Calcutta Stock Exchange:* Revival plans focus on SMEs and regional capital formation 💠 *NCDEX:* Appoints Vikas Goel as MD and CEO to lead its next growth phase 💠 *Zepto:* Delays IPO by 2–3 quarters amid valuation reset and profitability focus 💠 *PPFAS:* Strong AUM growth and WhiteOak deal create a ₹15,800 crore valuation benchmark 💠 *Indian Potash:* Partners with UPL to improve sugarcane productivity in Gujarat 💠 *Kineco:* Enters the flying-taxi supply chain through SkyDrive partnership 💠 *NSE:* ₹1,491 crore settlement removes a major hurdle ahead of its proposed IPO 💠 *Taparia Tools:* Approves ₹35 final dividend; total FY26 payout reaches ₹67.50 per share *Which update are you tracking closely? Reply below.* 👇🏻 #unlisted

A promoter's father, mother, uncle, aunt and cousin all got IPO money. Guess who didn't — "the business": Nirman Agri Genetics, a seeds company from Nashik, raised ₹20.30 crore from the public in March 2023 for "working capital and expansion" What they said:  We're raising ₹20.3 Cr for working capital & business expansion. What SEBI's interim findings alleged:  Nearly 93% of the IPO proceeds were allegedly diverted through shell entities and promoter-linked accounts. What the money trail revealed: •⁠ ⁠Money allegedly moved through multiple layers of vendors. •⁠ ⁠Several vendors reportedly had no genuine operations. •⁠ ⁠Funds allegedly traced back to promoter-linked entities. •⁠ ⁠Revenue looked strong... but the cash kept coming back in circles. •⁠ ⁠Then the promoter reportedly sold shares worth ₹16 Cr near the highs. •⁠ ⁠The alleged money trail even touched an Independent Director & Audit Committee member. The takeaway? A convincing IPO story isn't an investment thesis. The real due diligence begins after the money is raised.

Others Stocks Watchlist Positive Bharat Electronics-Rs. 730 cr additional orders NHC Food-To raise around Rs 53 cr from promoter, non-promoter entities Bombay Burmah:-Supreme Court relief Time Techno Plast-In-principle merger with TPL Plastech Swan Defence: NCLT Ahmedabad approves merger IRB Infrastructure-To raise Rs 351cr from group Fino Payments Bank-RBI extension for interim CEO Samvardhana Motherson-Arm commences PCBA production at its Pune facility Keystone Realtors- Fundraise of Rs. 405 crore via NCDs. Negative UPL-Group COO Toshan Tamhane resigns Max Healthcare-Rs 165cr tax demand

Rajkot-based packaging manufacturer Antala Industries has filed its DRHP for a proposed IPO on the BSE SME platform through Vatsa Capital Venture, a SEBI-registered Category I Merchant Banker. The company specializes in the integrated manufacturing of BOPP bags, lamination rolls, and PP woven bags, serving essential industries such as food processing, fertilizers, chemicals, cement, and seeds. #AntalaIndustries #VatsaCapitalVenture #IPO #SMEIPO #BSE #IPOIndia #PackagingIndustry #Rajkot #BusinessNews #StockMarket

How Grey Market Premiums get decided for IPOs? Grey Market Premiums (GMP) for IPOs are mainly decided by the dealer network in Rajkot Rajkot is called the IPO capital of India because its network is the biggest factor in setting GMP for companies When companies launch IPOs and do roadshows, convincing the Rajkot dealer network usually leads to strong GMP trend as per historical trend Dhirubhai Ambani himself went to Rajkot for IPO of Reliance Industries Follow for more such insights : https://lnkd.in/dMtkuAtw ______ Dhanesh Gianani

Khaitan & Co Advised Godrej Finance on Acquisition of Kanakadurga Finance's Gold Loan Business Team: Shishir Vayttaden | Aditi Singhvi | Pragyansh Nigam | Bhaskar Vishwajeet Link to read full News: https://lnkd.in/gPQxdUQF #legalera, #news, #khaitanco, #godrejfinance, #kanakadurgafinance, #goldloan, #acquisition, #consumerfinance, #india, #dealnews

IPO Report: Incorporated in August 2018, Q&T Foods Limited manufactures bakery products under the “American Bakers” brand, with a presence across Uttar Pradesh and nearby regions through 50+ dealers. IPO proceeds will primarily fund capital expenditure ₹442.21 lakhs, working capital ₹750.00 lakhs, debt repayment/prepayment ₹675.00 lakhs, and general corporate purposes. Open Date: Aug 12, 2026 Close Date: Aug 14, 2026 Listing Date: Aug 19, 2026 #QTFoodsLimited #SMEIPO #IPOReport #EquiVision

🚀 IPO Initiation Note: Dhaval Packaging Limited 🚀 I've just published a data-led overview of the upcoming BSE SME IPO for Dhaval Packaging Limited. If you track the rigid packaging space or SME listings, here is a quick summary of the financials, growth drivers, and risks derived from their March 16, 2026 DRHP. 🏢 The Business Dhaval Packaging designs and manufactures in-mold labelled (IML) rigid plastic containers for India's food and FMCG brands. Operating from a single facility in Sanand, Gujarat, they also produce SAW pipe-protection end caps for the infrastructure sector. 📊 Financial Highlights (FY25) Revenue: The company reported a top-line revenue of ₹52.3cr, or 5,226 lakhs. PAT: Profit After Tax stood at ₹6.0cr (604 lakhs), representing a massive 3.9x YoY growth. EBITDA Margin: Operating leverage and product mix helped the EBITDA margin soar to 19.6%, up significantly from 6.0% in FY23. De-leveraging: The balance sheet is strengthening, with the Debt/Equity ratio slashed from 5.50x in FY23 to a much healthier 0.82x. ROE: The company achieved a staggering 49.8% Return on Equity. 💼 Issue Structure & Use of Proceeds This is a 100% fresh issue of up to 37,48,800 equity shares with a face value of ₹10. There is absolutely no offer for sale (OFS) component, meaning the promoters are not selling a single share. The primary focus is growth, with ₹2,719.02 lakhs allocated to fund a new manufacturing facility at Unit 552 in Sanand. Additionally, ₹395.00 lakhs will be used to repay or prepay existing borrowings. 🔍 Key Watch-Items & Risks Margin Durability: The sharp margin inflection to ~20% needs to be tested for structural versus cyclical factors, especially regarding polypropylene input costs. Capacity Execution: The growth thesis hinges on the timely commissioning of the new Sanand plant, for which equipment orders were not yet placed at the DRHP date. Concentration Risks: Operations depend heavily on a single facility, and the top-10 customers account for ~46-51% of total revenue. Valuation: The price band has not yet been disclosed. At pricing, the implied P/E will need to be carefully benchmarked against the listed peer Mold-Tek Packaging, while factoring in an appropriate SME discount. Overall, the numbers show a genuine profitability turnaround and significant asset quality improvement. The final investment decision will rest on capacity execution, margin sustainability, and the final offer price. Disclaimer: This is an independent, educational summary prepared from publicly available DRHP information and does not constitute investment advice. #SMEIPO #DhavalPackaging #StockMarketIndia #IPOAlert #Investing #PackagingIndustry #FinancialAnalysis #BSESME #EquityResearch #Finance #BusinessGrowth

67 listed Indian companies converted warrants into new equity in the 30 days to 13 August 2026 — 106 filings across NSE and BSE. Warrant conversion is one of the least-understood lines in an Indian company's disclosure. A warrant is not a share; it is the right to subscribe to one later at a price fixed at issue. The holder pays part upfront and the balance on conversion. Critically, the resulting share is issued by the company — it does not change hands from an existing holder. That distinction is the whole point. Same business, a larger share count, and every pre-existing share represents a marginally smaller claim on it. That is dilution, and it is disclosed in plain sight. A representative case: Kanpur Plastipack converted 93,500 warrants at ₹130 per share to promoter-group allottees, leaving no warrants pending. Source: company filings (NSE & BSE), warrant conversion and allotment disclosures under Reg 30 LODR. https://lnkd.in/d5MUDbwR #capitalmarkets #corporategovernance #investing #indianequities