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Utkal Speciality Industries India IPO Details

Bookbuilding IPO | ₹35 Cr | Listing at NSE SME | Wed, Jun 10, 2026 - Fri, Jun 12, 2026

IPO Details

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Utkal Speciality IPO is a book build issue of ₹34.54 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹34.54 crore.

Utkal Speciality IPO opens for subscription on Jun 10, 2026 and closes on Jun 12, 2026. The allotment for the Utkal Speciality IPO is expected to be finalized on Jun 15, 2026. Utkal Speciality IPO will list on the NSE SME with a tentative listing date fixed as Jun 17, 2026.

Utkal Speciality IPO is set issue price band at ₹62 to ₹66 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,64,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,96,000.

Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.

Refer to Utkal Speciality IPO RHP for detailed Information.

IPO Open

Wed, Jun 10, 2026

IPO Close

Fri, Jun 12, 2026

Price Band

₹62 to ₹66

Market Cap (Pre-IPO)

₹128.92 Cr

IPO Details

IPO Date

10 to 12 Jun, 2026
Listing Date

Wed, Jun 17, 2026T
Face Value

₹10 per share
Price Band

₹62 to ₹66
Lot Size

2,000 Shares
Sale Type

Fresh capital cum OFS
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)
Offer for Sale

49,70,000 shares (agg. up to ₹33 Cr)
Net Offered to Public

1,43,00,000 shares
Share Holding Pre Issue

1,95,34,000 shares
Share Holding Post Issue

2,03,30,795 shares

IPO Timetable (Tentative)

IPO Open

Wed, Jun 10, 2026
Allotment

Mon, Jun 15, 2026
Credit of Shares

Tue, Jun 16, 2026

IPO Close

Fri, Jun 12, 2026
Refund

Tue, Jun 16, 2026
Listing

Wed, Jun 17, 2026

Issue Reservation

Utkal Speciality IPO comprises a total issue size of 52,34,000 shares. The net offer to the public is 49,70,000 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 50,000 (1.01%) are allocated to QIB, 19,68,000 (39.60%) allocated to NII 29,52,000 (59.40%) allocated to RII.

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%
Firm Reservations
Market Maker Shares Offered	2,64,000		5.04%
Total Shares Offered	52,34,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.

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

IPO Subscription Details

About Utkal Speciality Industries India Ltd.

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

Company Financials (Restated)

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
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# 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

Check IPO Peer Comparison here.

	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.

Mr. Akash Agrawal, Mrs. Meena Agarwal and Mr. Manoj Agarwal are the promoters of the company.

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2025 available in RHP.

IPO Review

[Dilip Davda]

USIIL is engaged in the paper based products/packaging materials, and trading activities in B2B and B2C segment. The company posted almost static top lines for FY23 – FY24, but boosted margins from FY24 onwards raise eyebrows and concern over its sustainability. It operates in a highly competitive and fragmented segment, that may curtail its margins going forward. Based on its recent financial data, the issue appears fully priced with inflated earnings. There is no harm in missing this dicey offer.

Read detail review…

Utkal Speciality IPO Recommendations

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

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390
investor@cameoindia.com
Visit Website

IPO Lead Manager(s)

Affinity Global Capital Market Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Utkal Speciality Industries India Ltd. Address

IDC0 Plot No. I/5/B,

Food Processing Park,

Khurda,

Khurda, Odisha, 752057

+91 90401-34060
compliance@utkalspeciality.com
Visit Website

IPO FAQs

What is the Utkal Speciality IPO?

Utkal Speciality IPO is a SME IPO of 52,34,000 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹62 to ₹66. The minimum order quantity is 2000.

The IPO opens on Wed, Jun 10, 2026, and closes on Fri, Jun 12, 2026.

Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

How to apply in Utkal Speciality IPO through Angel One?

Angel One customers can apply online in Utkal Speciality IPO using UPI as a payment gateway. Angel One customers can apply in Utkal Speciality IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Utkal Speciality IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Utkal Speciality IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Utkal Speciality IPO will open?

The Utkal Speciality IPO opens on Wed, Jun 10, 2026 and closes on Fri, Jun 12, 2026.

What is the lot size of Utkal Speciality IPO?

Utkal Speciality IPO lot size is 2000, and the minimum amount required for application is ₹2,64,000, with 2 lots being the minimum application size.

How to apply for Utkal Speciality IPO?

You can apply in Utkal Speciality IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Utkal Speciality IPO allotment?

The finalization of Basis of Allotment for Utkal Speciality IPO will be done on Monday, June 15, 2026, and the allotted shares will be credited to your demat account by Tue, Jun 16, 2026. Check the Utkal Speciality IPO allotment status.

When is Utkal Speciality IPO listing date ?

The Utkal Speciality IPO listing date is not yet announced. The tentative date of listing is Wed, Jun 17, 2026.