IPO details · Updated
Utkal Speciality Industries India Limited
- Price Band
- ₹62 – ₹66
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,32,000
- Issue Size
- ₹34.54 Cr
- Offer Dates
- 10 Jun – 12 Jun 2026
- Listing
- 17 Jun 2026
Issue Details
- Total Issue Size
- ₹34.54 Cr
- 52,34,000 shares
- Fresh Issue
- ₹34.54 Cr
- 52,34,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 1,43,00,000
- Shares Post-Issue
- 1,95,34,000
IPO Timeline
Offer opens
10 Jun 2026
Offer closes
12 Jun 2026
Allotment
15 Jun 2026
Listing
17 Jun 2026
Issue Allocation
Share of the offer reserved for each investor category
- QIB1.0%50,000 shares
- HNI37.6%19,68,000 shares
- Retail56.4%29,52,000 shares
- MarketMaker5.0%2,64,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 50,000 | 56,000 | 1.12x |
| NII | 19,68,000 | 17,51,520 | 0.89x |
| Retail | 29,52,000 | 61,99,200 | 2.10x |
| Total | 49,70,000 | 80,06,720 | 1.61x |
Lot Size & Investment
1 lot = 2,000 shares
Retail (min)
2 lots · 4,000 shares
Retail (max)
2 lots · 4,000 shares
S-HNI (min)
3 lots · 6,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4,000 | ₹2,64,000 |
| Small HNI (S-HNI) | 3 | 6,000 | ₹3,96,000 |
| Big HNI (B-HNI) | 8 | 16,000 | ₹10,56,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 48.63 | 44.04 | 37.6 | 35.27 |
| Total Income | 40.9 | 50.28 | 44.15 | 46.23 |
| Profit After Tax | 5.48 | 6.68 | 3.24 | 2.21 |
| EBITDA | 7.76 | 9.22 | 6.19 | 4.23 |
| Net Worth | 27.12 | 21.64 | 9.95 | 6.07 |
| Reserves & Surplus | 12.82 | 7.34 | 5.3 | 2.07 |
| Total Borrowing | 17.16 | 17.37 | 25.43 | 25.41 |
Key Performance Indicators
| Period | Dec-25 | Mar-25 |
|---|---|---|
| ROE (%) | 22.5 | 35.42 |
| ROCE (%) | 16.78 | 23.03 |
| EPS (₹) | — | 4.67 |
| P/E (pre-issue) | — | 14.12 |
| P/E (post-issue) | — | 17.63 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Spinaroo Commercial Ltd | 33.66 | 5.28% |
| Aaradhya Disposal Industries Limited | 12.81 | 15.93% |
About Utkal Speciality Industries India Limited
Incorporated on September 01, 2015, Utkal Speciality Industries India Limited is engaged in the manufacturing of paper-based products and packaging materials, offering a broad range of items that serve both functional and aesthetic needs across various consumer segments. The product portfolio includes thoughtfully designed paper-based alternatives intended for everyday use as well as special occasions, aligning with evolving consumer preferences for sustainable and convenient options. The company wide range of customers, including smaller manufacturers as well as end retailers who distribute our paper-based products and packaging materials. As on 31st March, 2025, the company have 50 employees. Competitive Strengths: They offer a vast selection of SKUs to cater to diverse customer requirements Strategically located on the highway linking Kolkata to Chennai Fully integrated end-to-end manufacturing unit for seamless production processes Freight costs are lower as suppliers are mainly from the South Dedicated to ensuring customer satisfaction by delivering high-quality products consistently
Objects of the Issue
- Funding incremental working capital requirements of the Company (₹5.31 Cr)
- Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company (₹11.00 Cr)
- Funding Capital Expenditure requirement towards purchase of machinery for the new manufacturing facility at Khurda, Odisha (₹9.60 Cr)
- General Corporate Purposes (₹4.89 Cr)
- To meet the Offer Related Expenses (₹3.74 Cr)
Promoters
- Akash Agrawal
- Meena Agarwal
- Manoj Agarwal
Company Information
- Book running lead managers
- Affinity Global Capital Market Pvt.Ltd.
- Registered office
- IDC0 Plot No.I/5/B, Food Processing Park, Khurda, Khurda, Odisha, 752057
- Market maker
- Giriraj Stock Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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