Utkal Speciality Industries India Ltd (NSE SME)

MainboardLive

Min. Investment

₹1,32,000

/ 2000 Shares

Issue Price

62-66

Subscription

Issue Size

34.54

Lot Size

2000

Open

Jun 10, 2026

Jun 12, 2026

Allotment

Jun 15, 2026

Listing

Jun 17, 2026

1. Utkal Speciality Industries India Ltd (NSE SME) IPO Details

Utkal Speciality Industries India Ltd IPO Details

Utkal Speciality Industries India Ltd IPO is a book-built issue of ₹34.54 crores. The issue consists entirely of a fresh issue of 52.34 lakh shares, with no offer-for-sale (OFS) component.

The bidding for the IPO starts this Wednesday, Jun 10, 2026, and ends on Jun 12, 2026. The allotment is expected to be finalized on Jun 15, 2026. The company will list on the NSE SME platform, with a tentative listing date fixed as Jun 17, 2026.

The price band is set at ₹62–₹66 per share. The lot size for an application is 2,000 shares, but the minimum application for retail investors is 2 lots (4,000 shares). The minimum amount of investment required by a retail investor is ₹2,64,000.

Grey Market Premium

Estimated listing gains (Live)

+13 (19.7%)Per Share

EST. GAINS

Updated real-time from market sources

Financial Summary

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	48.63	44.04	37.60	35.27
Total Income	40.90	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 and Surplus	12.82	7.34	5.30	2.07
Total Borrowing	17.16	17.37	25.43	25.41

IPO Details

IPO Date	10 to 12 Jun, 2026
Listing Date	Wed, Jun 17, 2026 T
Face Value	₹ 10 per share
Price Band	₹62 to ₹66
Lot Size	2,000 Shares
Sale Type	Fresh capital only
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Total Issue Size	52,34,000 shares (agg. up to ₹ 35 Cr)
Reserved for Market Maker	2,64,000 shares (agg. up to ₹ 2 Cr) Giriraj Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)	49,70,000 shares (agg. up to ₹ 33 Cr)
Net Offered to Public	49,70,000 shares (agg. up to ₹ 33 Cr)
Share Holding Pre Issue	1,43,00,000 shares
Share Holding Post Issue	1,95,34,000 shares

Issue Reservation

Investor Category	Shares Offered	% of Net Issue	% of Total Issue
QIB Shares Offered	50,000	1.01%	0.96%
NII (HNI) Shares Offered	19,68,000	39.60%	37.60%
− bNII > ₹10L	13,14,000	-	25.11%
− sNII < ₹10L	6,54,000	-	12.50%
Retail Shares Offered	29,52,000	59.40%	56.40%
Market Maker Shares Offered	2,64,000	-	5.04%
Total Shares Offered	52,34,000	100.00%	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	4,000	₹2,64,000
Individual investors (IND) (Max)	2	4,000	₹2,64,000
S-HNI (Min)	3	6,000	₹3,96,000
S-HNI (Max)	7	14,000	₹9,24,000
B-HNI (Min)	8	16,000	₹10,56,000

Recently Listed IPOs in Paper, Forest & Jute Products

Company	Issue Type	Issue Size	Issue Price	Listing Day Close	Listing Gain/Loss %	LTP
Exim Routes Ltd.	SME	₹43.73 Cr	₹88	₹115.50	+31.25%	₹111.10 ( -4.31% )
Aaradhya Disposal Industries Ltd.	SME	₹45.10 Cr	₹116	₹116.55	+0.47%	₹83.90 ( +1.33% )
Aten Papers & Foam Ltd.	SME	₹31.68 Cr	₹96	₹85.50	-10.94%	₹24.40 ( -1.61% )

IPO Objects of the Issue

#	Issue Objects	Est Amt (₹ Cr.)
1	Funding incremental working capital requirements of the Company	5.31
2	Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company	11.00
3	Funding Capital Expenditure requirement towards purchase of machinery for the new manufacturing facility at Khurda, Odisha	9.60
4	General Corporate Purposes	-
5	To meet the Offer Related Expenses	-
Total		25.91

Key Performance Indicator (KPI)

KPI	Dec 31, 2025	Mar 31, 2025
ROE	22.50%	35.42%
ROCE	16.78%	23.03%
Debt/Equity	0.63	0.80
RoNW	25.26%	30.88%
PAT Margin	13.79%	13.74%
EBITDA Margin	19.51%	18.96%
Price to Book Value	3.48	4.36

Pre/Post IPO Valuation

Parameter	Pre IPO	Post IPO
EPS (₹)	4.67	3.74
P/E (x)	14.12	17.63
Promoter Holding	100%	73.20%
Market Cap	₹ 128.92 Cr.	-

Utkal Speciality IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	0	1	0	0
Members	0	0	0	0

2. About Utkal Speciality Industries India Ltd (NSE SME)

About Utkal Speciality Industries India Ltd

Incorporated in 2015 and based out of Khurda, Odisha, the company is engaged in the manufacturing of eco-friendly paper-based products and functional packaging materials. It provides a wide range of disposable and sustainable alternatives designed to meet both daily consumer usage and commercial hospitality needs.

Business Verticals

Food Service Packaging: Manufacturing paper plates, paper cups, paper glasses, paper dosa plates, and printed paper bowls for commercial eateries and vendors.
QSR & Bakery Boxes: Structuring dedicated pizza packaging, burger wrappers, pastry boxes, and sweet boxes catering to regional food brands.
Hygiene Products: Producing tissue papers, paper napkins, paper straws, toilet rolls, and commercial kitchen towels.
Composite Materials: Manufacturing specialized aluminium-paper composite foils, foil container lids, and barrier-coated greaseproof paper sheets.

Track Record

Revenue Growth: Total revenue from operations stood at a steady ₹50.28 Cr for the full year FY25 and has already reported ₹40.90 Cr for the 9-month period ending December 31, 2025.
Profitability: Net profit (PAT) increased significantly from ₹3.24 Cr in FY24 to ₹6.68 Cr in FY25, reporting a solid ₹5.48 Cr for the period ending December 2025.
Operational Scale: The company operates from a major 84,000 sq. ft. fully integrated facility situated along the critical Kolkata–Chennai highway corridor.

Utkal Speciality Industries India Ltd IPO GMP

As of June 8, 2026, the Grey Market Premium (GMP) is currently ₹0.

Note: Even though the initial grey market premium indicators are flat before the public opening on Wednesday, the company carries strong operational fundamentals with a robust post-issue market cap estimated at ₹128.92 crore.

Utkal Speciality Industries India Ltd IPO Allotment Status

The allotment is scheduled to be finalized on June 15, 2026.

Check Utkal Speciality Allotment Status

To check your status online, visit: Cameo Corporate Services IPO Status Portal

You can verify your status via:

Registrar's website (Cameo Corporate Services Limited)
NSE official portal
Using your PAN number or Application ID

Strengths

Integrated In-House Setup: Handles everything from printing, coating, slitting, and die-punching to the final delivery stages under a single large facility.
Strategic Logistics Corridor: Located directly on the Kolkata-Chennai highway link, yielding a major freight cost advantage when supplying out of Odisha.
Strong Profitability Ratios: Commands highly attractive efficiency figures with an EBITDA margin of 19.51% and a PAT margin of 13.79% as of December 2025.
Broad Customer Mix: Sells to a wide fabric of smaller local manufacturers and retail channels, lowering structural dependency on individual large clients.

Weaknesses

High Working Capital Dependency: The daily manufacturing model relies on massive working capital to manage inventory buffers and client credit lines smoothly.
Capacity Utilization Risks: Future return ratios rely heavily on the market's quick absorption of the upcoming production capacities being created at Khurda.
Raw Material Fluctuations: Financial margins remain susceptible to price volatility in international paper pulp and specialty polymer coating base sheets.

How the Company Will Use IPO Money

The fresh issue proceeds (₹34.54 Cr) will be utilized for:

Borrowing Repayment: For the partial or full repayment/prepayment of outstanding institutional loans (₹11.00 Cr).
Capital Expenditure: Purchase of advanced machinery systems for the new processing facility layout in Khurda, Odisha (₹9.60 Cr).
Working Capital: To fund growing inventory needs and back corporate operations (₹5.31 Cr).
General Corporate Purposes: General expansion, brand promotion, and standard public issue management expenses.

Lead Manager & Registrar

Lead Manager: Giriraj Stock Broking Private Limited
Registrar: Cameo Corporate Services Limited
Phone: +91 44 2846 0390
Email: investor@cameoindia.com

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As the founder and owner of this website, I have launched my 2nd digital platform focused on the Indian stock market IPO segment. This platform provides detailed and reliable information on upcoming and ongoing IPOs in India, including IPO issue details, subscription status, live Grey Market Premium (GMP), and IPO allotment status, helping investors stay informed with accurate and timely IPO insights.