Utkal Speciality Industries India IPO
LISTEDSMEListing Performance
▲ 0.00%
Issue Price
₹66
Listing Price
₹66
Listed On
17 Jun 2026
- Price Band
- ₹62 – ₹66
- Lot Size
- 2,000
- Lot Value
- ₹1,32,000
- Open Date
- 10 Jun10 Jun 2026
- Close Date
- 12 Jun12 Jun 2026
- Min Investment
- ₹1,32,000
Utkal Speciality Industries India — Stock Performance
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.
Use of IPO Proceeds
Total allocation: ₹25.91 Cr (excludes issue expenses)
Promoters
Akash Agrawal
Promoter, Managing Director · age 42
Manoj Kumar Agrawal
Promoter
Meena Agarwal
Promoter
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
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,32,000 |
| Retail (max) | 1 | 2,000 | ₹1,32,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,64,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,24,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,56,000 |
Subscription Status
| Category | Day 3 |
|---|---|
| QIB | — |
| sNII (S-HNI) | — |
| bNII (B-HNI) | — |
| Retail | — |
| Total | — |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
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
Weigh your chances
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
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
IPO Details
| Registrar | — |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹34.54 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Affinity Global Capital Market Private Limited |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 48.62 | 6.68 | 6.16 | — | — |
| FY24 | 43.91 | 3.24 | — | — | — |
| FY23 | 45.9 | 2.21 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 46.23 | 44.15 | 50.28 |
| EBITDA | 4.56 | 6.44 | 10.88 |
| Net Worth | 6.07 | 9.95 | 21.64 |
| Total Borrowings | 25.41 | 25.43 | 17.37 |
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)
Check the valuation yourself
Company Fundamentals
11 sections extracted from this filingCapital 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
Industry figures as stated in Utkal Speciality Industries India's offer document.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Utkal Speciality Industries India Ltd | — | 5.11 | 25.26 | 18.97 |
Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
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 while the issue is open for bidding.
What is the GMP-implied price of Utkal Speciality Industries India IPO?
The GMP-implied price (unofficial, not a forecast) is ₹67: the upper price band of ₹66 plus the latest grey market premium of ₹1, as of 12 Jun 2026, 11:30 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
Recently Listed IPOs
| Company | Listed | Listing Gain |
|---|---|---|
| Peshwa Wheat | 01 Oct 2026 | -0.94% |
| Roopa Screen | 01 Oct 2026 | +90.00% |
| Coreintegra Consulting Services | 30 Sep 2026 | +0.13% |
Related IPOs
Related Articles
How to Use 10 Minutes of Research to Validate Any IPO Video You Watch
SEBI now requires issuers to publish a 10-minute IPO disclosure video. Here is a practical, source-by-source method to verify what you watch against the DRHP and official exchange records in about ten minutes.
Read more →
How-ToHow to Read Past IPO Data to Set Realistic Listing Gain Targets
Median listing gains fell to 3.8% in 2025 from 15.2% in 2024. Here is how to read past IPO data, GMP, and subscription numbers to set realistic listing day expectations instead of chasing hype.
Read more →
How-ToHow to Compare an IPO With Listed Peers Using Key Ratios and Growth Metrics
A practical framework for Indian retail investors on comparing an IPO with its listed peers using P/E, P/B, EV/EBITDA and growth metrics, illustrated with the NSE vs BSE case study.
Read more →