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Utkal Speciality Industries India IPO

LISTEDSMESME IPO Dashboard →NEUTRAL

Listing Performance

0.00%

Issue Price

₹66

Listing Price

₹66

Listed On

17 Jun 2026

Price Band
₹62 – ₹66
Lot Size
2000
Lot Value
₹1,32,000
Open Date
10 Jun 2026
Close Date
12 Jun 2026
Min Investment
₹1,32,000
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Utkal Speciality Industries India — Live Stock Performance

IPO Timeline

Issue Opens

10 Jun 2026 · Wed

Issue Closes

12 Jun 2026 · Fri

Bidding Cut-off (UPI Mandate)

12 Jun 2026 · 5:00 PM IST

Allotment

15 Jun 2026 · Mon

Listing

17 Jun 2026 · Wed

About Utkal Speciality Industries India

Manufactures superior quality raw materials for paper cups and paper plates, and related disposable kitchenware products for domestic retailers and distributors.

HQKhurda, Odisha
CustomersB2B
CIN: U21000OR2015PLC019359Registered Office: IDCO Plot No. I/5/B, Food Processing Park, Khurda, Khorda, Orissa, India, 752057Face Value: ₹10www.utkalspeciality.com

Investment Analysis

Quick Analysis: 6 strengths · 6 risk factors· Exchange: NSE SME

Strengths (6)

  • Vast selection of 200+ SKUs catering to diverse customer requirements across sectors
  • Fully integrated end-to-end manufacturing unit ensuring seamless production processes
  • Strategically located on Kolkata-Chennai highway with lower freight costs
  • Suppliers mainly from South reducing transportation expenses
  • Dedicated to consistent delivery of high-quality products ensuring customer satisfaction
  • No dependency on single supplier or customer for revenue stability

Risk Factors (6)

  • Company is newly converted to public limited company with limited operating history as public entity
  • Investment in equity shares involves high degree of risk; investors may lose entire investment
  • No assurance regarding active sustained trading or listing price of equity shares after listing
  • Company subject to Indian legal and regulatory environment which may differ from other countries
  • Additional unknown risks and uncertainties may impair business operations financial condition and cash flows
  • Management believes described risks material but other risks may exist that are not quantified

📊 Algorithmic Score

Computed from issue structure — GMP, fresh issue %, OFS %, issue size

Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.

✍️ Demand & Risk Analysis

Based on market demand signals — subscription, GMP trend, risk factors

IPO Market Analysis

Listed +0.0%

Mixed signals — moderate demand and average GMP suggest cautious participation. Apply based on company fundamentals rather than listing gain expectations.

Pre-listing prediction: NEUTRAL

IPO Details

Registrar
ExchangeNSE SME
ISIN
Face Value₹10
Issue Size₹34.54 Cr
Fresh Issue
OFS Size
Lead ManagersAffinity Global Capital Market Private Limited

Company Fundamentals

11 sections extracted from this filing

Capital Structure

Authorised Capital₹21.00 Cr
Issued Capital₹11.43 Cr
Paid-up Capital₹11.43 Cr
Equity Shares (Pre-Issue)1,43,00,000
Equity Shares (Post-Issue)

Source: Utkal Speciality Industries India offer document (DRHP/RHP).

Shareholding Pattern

Pre-Issue

  • Mr. Manoj Kumar Agrawal(Promoter)
  • Ms. Meena Agarwal(Promoter)

Post-Issue

Post-Issue not disclosed in this filing.Not separately disclosed in Utkal Speciality Industries India's filing.

Source: Utkal Speciality Industries India offer document (DRHP/RHP).

Reservations & OFS

Investor Reservation

  • QIB+50.00%
  • NII / HNI+15.00%
  • Retail+35.00%

OFS Selling Shareholders

No offer-for-sale component (or sellers not disclosed).

Source: Utkal Speciality Industries India offer document (DRHP/RHP).

Board & Management

Board of Directors (9)
  • Mr. Akash Agrawal₹0.02 Cr p.a.

    Chairman & Managing Director

    Bachelor of Science and Engineering and Post Graduate Diploma in Management (PGDM) from XIMB Bhubaneswar, Gold Medalist

    Eight years of experience in IT industry and transitioned into entrepreneurship in January 2009

  • Mr. Manoj Kumar Agrawal₹0.22 Cr p.a.

    Whole Time Director & Chief Financial Officer

    Bachelor of Science and Engineering and Post Graduate Diploma in Management (PGDM) from XIMB Bhubaneswar, Gold Medalist

    Eight years of experience in IT industry

  • Mrs. Meena Agarwal₹0.20 Cr p.a.

    Executive Director

    Background in Computer Science and Engineering

    3 years of experience in IT industry

  • Ms. Ruchika Shyamsukha

    Non-Executive Director & Independent Director

    Bachelor Degree in Commerce from St. Xavier's College, Kolkata (Autonomous)

    3 years of experience in compliance management and audit services

  • Ms. Anjali Lakhotia

    Non-Executive Director & Independent Director

    Bachelor Degree in Commerce from Shri Shikshayatan College, Kolkata

    3 years of experience in Data Analytics & Trend Analysis, Problem-Solving & Workflow Optimization, Seller Support & Customer Engagement, Business Operations & Process Improvements

  • Ms. Rinku Jain

    Non-Executive Director & Independent Director

    Chartered Accountant and Bachelor Degree in Commerce

    15 years of experience in Audit, Inventory Management, Tax Planning, Secretarial Service and Company Law Matter and Project Consultancy

  • Mr. A. Sagar Kumar

    Independent Director

  • Mr. Jay Prakash Patel

    Independent Director

  • Mr. Shambhu Maitey

    Independent Director

Key Managerial Personnel (3)
  • Mr. Akash Agrawal₹0.02 Cr p.a.

    Chairman & Managing Director

    Bachelor of Science and Engineering and Post Graduate Diploma in Management (PGDM) from XIMB Bhubaneswar, Gold Medalist

    Eight years of experience in IT industry and transitioned into entrepreneurship in January 2009

  • Mr. Manoj Kumar Agrawal₹0.22 Cr p.a.

    Whole Time Director & Chief Financial Officer

    Bachelor of Science and Engineering and Post Graduate Diploma in Management (PGDM) from XIMB Bhubaneswar, Gold Medalist

    Eight years of experience in IT industry

  • Mr. Satyabrata Baral

    Company Secretary and Compliance Officer

Source: Utkal Speciality Industries India offer document (DRHP/RHP).

Industry & Market

Growth (CAGR)
+13.40%

Industry figures as stated in Utkal Speciality Industries India's offer document.

Use of IPO Proceeds

Funding incremental working capital requirements of our Companyworking capitalby FY26₹5.31 Cr(20.5%)
Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the companyrepaymentby FY26₹11.00 Cr(42.5%)
Funding Capital Expenditure requirement towards purchase of machinery for our new manufacturing facility at Khurda, Odishacapexby FY27₹9.60 Cr(37.1%)
General Corporate Purposesgeneral corporate(0.0%)

Total allocation: ₹25.91 Cr (excludes issue expenses)

Promoters

Akash Agrawal

Promoter, Managing Director · age 42

Manoj Kumar Agrawal

Promoter

Meena Agarwal

Promoter

Investor Quota

QIB 50%
NII / HNI 15%
Retail 35%

Approx. shares reserved per category

QIB (50%)26,16,667 shares
NII / HNI (15%)7,85,000 shares
Retail (35%)18,31,667 shares

Estimated from total issue size; actual reserved lots are set in the RHP.

Application Lot Sizes

Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.

CategoryLotsSharesAmount
Retail (min)12,0001,32,000
Retail (max)1326,00017,16,000
S-HNI (min)1428,00018,48,000
S-HNI (max)661,32,00087,12,000
B-HNI (min)671,34,00088,44,000

Peer Comparison

CompanyP/EEPSRoNW %NAV
Utkal Speciality Industries India Ltd5.1125.2618.97

Lead Managers (BRLMs)

Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).

3-Year Financial Summary

Revenue trend

FY23FY25

Fiscal YearRevenue (₹Cr)PAT (₹Cr)EPSP/EROE
FY2548.626.686.16
FY2443.913.24
FY2345.92.21

Detailed Line Items (₹ Cr)

Line ItemFY23FY24FY25
Total Income46.2344.1550.28
EBITDA4.566.4410.88
Net Worth6.079.9521.64
Total Borrowings25.4125.4317.37

From the company's offer document (DRHP/RHP); restated figures where available.

Valuation at Issue Price

Issue P/E

10.7x

Price ÷ EPS

EPS (FY25)

₹6

Earnings per share

RoNW

Return on net worth

ROCE

23.03%

as reported in filing

EBITDA margin

22.4%

EBITDA ÷ revenue

Price/NAV

4.36x

Price ÷ NAV (as reported)

Subscription Status

Overall subscription
Updated 62 days ago
CategoryDay 3
QIB
sNII (S-HNI)
bNII (B-HNI)
Retail
Total

Colour: red <1x · green 1–5x · blue 5–10x · orange >10x.

Allotment Statistics

Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.

Basis of Allotment

Category-wise subscription & allotment ratio

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Documents

Frequently Asked Questions

When is the Utkal Speciality Industries India IPO opening?

The Utkal Speciality Industries India IPO opens on 10 Jun 2026 and closes on 12 Jun 2026. Check this page for the latest updates as we refresh every 30 minutes.

What is the price band of the Utkal Speciality Industries India IPO?

The price band for the Utkal Speciality Industries India IPO is ₹62 to ₹66. The final price is announced after the book-building process and is confirmed before listing.

What is the lot size and minimum investment for the Utkal Speciality Industries India IPO?

The minimum lot size is 2000 shares with a minimum investment of ₹1,32,000. Retail investors can apply for up to the retail limit defined by SEBI.

What is the GMP of Utkal Speciality Industries India IPO today?

The latest Grey Market Premium for Utkal Speciality Industries India is ₹1 (+0.80%). GMP is unofficial data and is not a guarantee of listing price.

When will the Utkal Speciality Industries India IPO list on NSE and BSE?

The Utkal Speciality Industries India IPO is expected to list on 17 Jun 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.

How can I check the Utkal Speciality Industries India IPO allotment status?

You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.

Is the Utkal Speciality Industries India IPO a mainboard or SME issue?

Utkal Speciality Industries India is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.

How do I apply for the Utkal Speciality Industries India IPO?

You can apply for the Utkal Speciality Industries India IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.

What is the expected listing price of Utkal Speciality Industries India IPO?

Based on the current GMP of ₹1, the expected listing price of Utkal Speciality Industries India is ₹67 (issue price ₹66 + GMP ₹1). Note that GMP is unofficial grey market data and actual listing price may differ.

Should I subscribe to Utkal Speciality Industries India IPO?

Based on our algorithmic analysis, Utkal Speciality Industries India IPO is rated NEUTRAL with medium confidence. Mixed signals — moderate demand and average GMP suggest cautious participation. Apply based on company fundamentals rather than listing gain expectations. This is not investment advice — please read the DRHP and consult a financial advisor before investing.

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Financial Disclaimer: The information on this page is for educational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Grey Market Premium (GMP) figures are unofficial and not endorsed by SEBI, NSE, or BSE. Past performance is not indicative of future returns. Please read the RHP and consult a SEBI-registered advisor before investing.