Utkal Speciality Industries India IPO
Bookbuilding IPO | ₹35.00 Cr | Listing at NSE SME
Closed
IPO Open
Wed, Jun 10, 2026
IPO Close
Fri, Jun 12, 2026
Price Band
₹62.00 to ₹66.00
Market Cap (Pre-IPO)
₹128.92 Cr
IPO Details
| IPO Date | Jun 10, 2026 to Jun 12, 2026 |
| Listing Date | Tentative: Jun 17, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹62.00 to ₹66.00 |
| Lot Size | 2000 Shares (Minimum: ₹132,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Issue Size | ₹35.00 Crores |
| Total Shares Offered | 5,234,000 shares |
| Fresh Issue | 4,970,000 shares |
| Offer For Sale | 5,234,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 1.12x |
| NII | 0.89x |
| Total | 1.60x |
Utkal Speciality Industries India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50,000 |
| Retail Shares Offered | 29,52,000 |
| NII Shares Offered | 19,68,000 |
Utkal Speciality Industries India 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 |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹264,000 |
| Retail (Max) | 2 | 4,000 | ₹264,000 |
| S-HNI (Min) | 3 | 6,000 | ₹396,000 |
| S-HNI (Max) | 7 | 14,000 | ₹924,000 |
| B-HNI (Min) | 8 | 16,000 | ₹1,056,000 |
Utkal Speciality Industries India Financial Information (Restated Consolidated)
| 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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 35.42% |
| ROCE (Return on Capital Employed) | 23.03% |
| Debt/Equity | 0.80 |
| RoNW (Return on Net Worth) | 30.88% |
| PAT Margin (Profit After Tax Margin) | 13.74% |
| EBITDA Margin | 18.96% |
| Price to Book Value | 4.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.67 | 3.74 |
| P/E (x) | 14.12 | 17.63 |
| Promoter Holding | 100.00% | 73.20% |
Company Promoters
- Mr. Akash Agrawal
- Mrs. Meena Agarwal and Mr. Manoj Agarwal are the promoters of the company.
Company Overview
Utkal Speciality Industries India Limited – Company Overview
- Incorporated on September 01, 2015, Utkal Speciality Industries India Limited is engaged in the manufacturing of paper-based products and packaging materials catering to diverse consumer and commercial requirements.
- The company offers a broad portfolio of paper-based products designed for both everyday utility and special occasions, focusing on convenience, functionality, and sustainability.
- Its product range includes various paper packaging and paper-based alternatives, aligned with the growing demand for environmentally friendly and sustainable products.
- The company serves a wide customer base comprising small manufacturers, distributors, wholesalers, and retailers, who further market and distribute its products across different regions.
- Utkal Speciality follows a B2B-focused business model, supplying paper products and packaging materials to businesses operating across multiple industries.
- The company emphasizes quality manufacturing and sustainable packaging solutions to meet evolving consumer preferences and industry requirements.
- As of March 31, 2025, the company had 50 employees.
Company 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
Use of Proceeds
| 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 | 4.89 |
| 5) | To meet the Offer Related Expenses | 3.74 |
| Total | 34.54 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Utkal Speciality Industries India IPO Peer Comparison
Utkal Speciality Industries India peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Utkal Speciality Industries India Ltd. | 5.11 | 5.11 | 18.97 | - | 25.26 | - | - |
| Spinaroo Commercial Ltd | 1.75 | 1.75 | 33.50 | 33.66 | 5.28 | 1.76 | Standalone |
| Aaradhya Disposal Industries Limited | 8.78 | 8.78 | 76.05 | 12.81 | 15.93 | 1.47 | Standalone |
Quick Info
| Sector | Materials |
| Exchange | NSE SME |
| Market Cap (Pre-IPO) | ₹128.92 Cr |
Important Dates
| IPO Open | Jun 10, 2026 |
| IPO Close | Jun 12, 2026 |
| Allotment Date | Jun 15, 2026 |
| Credit to Demat | Jun 16, 2026 |
| Listing Date | Tentative: Jun 17, 2026 |
Lead Manager(s)
Affinity Global Capital Market Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹34.54 crores.
- Issue Structure: Entirely a fresh issue of 0.52 crore shares totaling ₹34.54 crores.
- IPO Dates: The issue opened on June 10, 2026 and closed on June 12, 2026.
- Allotment Date: The allotment was finalized on June 15, 2026.
- Listing Details: The shares were listed on National Stock Exchange of India SME on June 17, 2026.
- Retail Investment Requirement: Minimum 2 lots (4,000 shares) amounting to approximately ₹2,64,000.
- HNI Investment Requirement: Minimum 3 lots (6,000 shares) totaling around ₹3,96,000.
- Issue Price: ₹66 per equity share.
- Lot Size: 2,000 shares per lot.
This IPO offered investors an opportunity to participate in the specialty manufacturing sector through a fresh issue of shares.