Utkal Speciality SME: Check IPO Date, Live Subscription and Key Details
Utkal Speciality Industries India Limited, incorporated in 2015, is an established enterprise engaged in manufacturing a comprehensive range of paper-based disposal products and packaging materials. The company's diversified product portfolio features eco-friendly daily alternatives such as premium coated paper reels, paper cup fans, plain and printed paper plates, glasses, bowls, tissues, and specialty packaging solutions (including custom pizza, burger, and sandwich boxes). Operating from its 84,000 sq. ft. fully integrated end-to-end processing facility in Khurda, Odisha, the company serves small-scale manufacturers alongside national retail chains.
Price Range
₹62.0 - ₹66.0
Issue Size
₹34.54 Cr
Lot Size
2,000 shares
IPO Type
NSE SME
GMP
₹10(+15.15%)
Est. Listing Price
₹76
Estimate Profit
₹40,000
Retail Portion
59.40%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
3.74
P/E Ratio
17.63
RoNW
25.26%
ROE
22.5%
Debt to Equity
0.63
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Timeline
IPO Opens
10 Jun
IPO Closes
12 Jun
Allotment
15 Jun
Listing
17 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 10 June 2026 | Subscription starts |
| IPO Close Date | 12 June 2026 | Subscription ends |
| Allotment Date | 15 June 2026 | Allotment |
| Listing Date | 17 June 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,64,000 |
SHNI (Min) | 3 | ₹3,96,000 |
SHNI (Max) | 7 | ₹9,24,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,56,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 1.01% |
| NII (Non-Institutional Investor) | 39.60% |
| SHNI (Small Non-Institutional Investor) | 12.50% |
| BHNI (Big Non-Institutional Investor) | 25.11% |
| Retail | 59.40% |
| Market Maker | 5.04% |
| Total | 100.00% |
IPO Objectives
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company (₹11.00 Cr).
- Funding Capital Expenditure requirements towards the purchase of plant and machinery for the new manufacturing facility at Khurda, Odisha (₹9.60 Cr).
- Funding ongoing incremental working capital requirements of the Company (₹5.31 Cr).
- Meeting public offer related expenses and general corporate purposes.
Strengths
- The company leverages a Strategic Sourcing & Logistics Moat, with its manufacturing complex situated right on the high-volume Kolkata–Chennai highway infrastructure corridor, optimizing transit times and reducing southern raw-material freight costs.
- It benefits from End-to-End Production Sizing, operating an 84,000 sq. ft. fully integrated in-house facility managing coating, slitting, printing, and die punching under one unified roof to maximize operational flexibility.
- The business offers Deep SKU Diversity, providing an expansive range of custom industrial alternative profiles designed to match fast-shifting corporate and retail eco-friendly container mandates.
- It maintains Healthy Balance Sheet Parameters, with pre-issue leverage limits tracking comfortably at a debt-to-equity layer of 0.63 as of late 2025, alongside clear asset deployment targets.
- The firm commands Sound Operating Margins, sustaining a stable and healthy net profit margin structure tracking at 13.79% for the 9-month window ending December 2025.
Weaknesses
- The firm experiences Topline Growth Fluctuations, as total annualized revenues show operational friction and flat patterns over recent cycles, dipping from ₹46.23 Cr in FY23 to ₹50.28 Cr in FY25.
- The issue faces Subdued Local Market Sentiment, with unofficial grey market interest signaling a quiet early rollout phase and tracking premiums sitting flat at ₹0.
- There is a Thin Institutional Protection Layer, where structural public allotment keeps the designated QIB block capped at a negligible 1.01%, shifting post-listing price stabilization entirely onto non-institutional buyers.
- The company deals with Intense Fragmented Competition, operating inside a deeply competitive, low-barrier, and highly localized industrial packaging niche vulnerable to aggressive price discounting.
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Financial Performance
| Period Ended | 31 Dec 2025 (9M) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 48.63 | 44.04 | 37.6 | 35.27 |
| Revenue (₹ Cr.) | 40.9 | 50.28 | 44.15 | 46.23 |
| PAT (₹ Cr.) | 5.48 | 6.68 | 3.24 | 2.21 |
| Net Worth (₹ Cr.) | 27.12 | 21.64 | 9.95 | 6.07 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Utkal Speciality Industries | 3.48 | 17.63 | 22.5% | 27.12 |
| Aaradhya Disposal Industries | 1.52 | 19.56 | 7.78% | 29.55 |
| Spinaroo Commercial Ltd | 2.49 | 77.91 | 3.19% | 7.14 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 |
|---|---|---|
| QIB | 0x | 1.12x |
| NII | 0.43x | 0.47x |
| S-HNI | 0.11x | 0.38x |
| B-HNI | 0.57x | 0.51x |
| RII | 0.29x | 1.1x |
| Total | 0.34x | 0.84x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 50,000 | 56,000 | 0.37 |
| NII | 20,68,000 | 9,64,000 | 6.36 |
| Small NII | 6,54,000 | 2,48,000 | 1.64 |
| Big NII | 14,14,000 | 7,16,000 | 4.73 |
| RII | 29,52,000 | 32,52,000 | 21.46 |
| Total | 50,70,000 | 42,72,000 | 28.2 |
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Company Details
- Utkal Speciality Industries India Ltd.
- IDCO Plot No. I/5/B, Food Processing Park, Khurda, Odisha, 752057
- +91 90401-34060
- compliance@utkalspeciality.com
- http://www.utkalspeciality.com/
Registrar Details
- Cameo Corporate Services Ltd.
- +91-44-28460390
- investor@cameoindia.com
- https://ipostatus2.cameoindia.com/
Frequently Asked Questions
What does Utkal Speciality Industries India do?
Utkal Speciality Industries India manufactures paper-based packaging and food-service products, including coated paper reels, greaseproof paper, takeaway containers, and other sustainable packaging solutions.
What are the IPO dates for Utkal Speciality Industries India IPO?
The Utkal Speciality Industries India IPO will open for subscription on June 10, 2026, and close on June 12, 2026.
What is the price band and minimum investment for Utkal Speciality Industries India IPO?
The IPO price band is fixed at ₹62 to ₹66 per share. Retail investors need to apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,64,000 at the upper price band.
What is the Grey Market Premium (GMP) of Utkal Speciality Industries India IPO today?
As of June 8, 2026, the Grey Market Premium (GMP) of Utkal Speciality Industries India IPO is ₹0, indicating an expected listing price near ₹66 per share.
Where will Utkal Speciality Industries India IPO be listed?
Utkal Speciality Industries India IPO is proposed to be listed on NSE SME (NSE Emerge), with the tentative listing date set for June 17, 2026.
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