Utkal Speciality Industries India IPO- Company Analysis
Utkal Speciality Industries India IPO under the SME IPO category is a bookbuild issue of Rs. 34.54 Cr by Utkal Speciality Industries India Limited and is a manufacturer of paper-based goods and packaging materials, providing a wide variety of products that meet the practical and aesthetic needs of different customer segments.
In line with changing consumer preferences for easy and sustainable options, the product portfolio offers carefully crafted paper-based substitutes meant for both regular use and special occasions.
Smaller manufacturers and end retailers who market our paper-based products and packaging materials are among the company's diverse clientele.
Utkal Speciality Industries India IPO Details
The Utkal Speciality Industries India IPO date of opening is 10 Jun 2026, its initial public offering will end on 12 Jun, IPO allotment on Jun 15 and refund initiation on Jun 16, 2026.
The Rs. 34.54 crore new SME IPO comprises a wholly fresh issue of 0.52 crore shares.
The Utkal Speciality Industries India IPO listing date (expected) might be Wednesday, Jun 17, 2026, and listing at the NSE and SME.
The Utkal Speciality Industries India IPO price band is Rs. 62 to Rs. 66.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 10, 2026 |
|
IPO Closing Date |
Jun 12, 2026 |
|
IPO Allotment Date |
Jun 15, 2026 |
|
Refund Initiation |
Jun 16, 2026 |
|
IPO Listing Date |
Jun 17, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
44.04 |
37.60 |
35.27 |
|
Total Income |
50.28 |
44.15 |
46.23 |
|
Profit After Tax |
6.68 |
3.24 |
2.21 |
|
EBITDA |
9.22 |
6.19 |
4.23 |
|
Net Worth |
21.64 |
9.95 |
6.07 |
|
Reserves and Surplus |
7.34 |
5.30 |
2.07 |
|
Total Borrowing |
17.37 |
25.43 |
25.41 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
516.26 |
61.09 |
(455.26) |
|
Net Cash Flow Investing Activities |
(59.86) |
(44.75) |
(290.66) |
|
Net Cash Flow Financing Activities |
(463.18) |
(10.44) |
751.68 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding incremental working capital requirements of the Company. ~ Rs. 5.31 Cr.
-
Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company. ~ Rs. 11 Cr.
-
Funding Capital Expenditure requirement towards the purchase of machinery for the new manufacturing facility at Khurda, Odisha. ~ Rs. 9.60 Cr.
-
General Corporate Purposes
-
To meet the Offer Related Expenses.
Listed Peers of Utkal Speciality Industries India Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
Spinaroo Commercial Ltd |
10 |
1.75 |
33.66 |
|
Aaradhya Disposal Industries Limited |
10 |
8.78 |
12.81 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
35.42% |
|
ROCE |
23.03% |
|
Debt/Equity |
0.80 |
|
RoNW |
30.88% |
|
PAT Margin |
13.74% |
|
EBITDA Margin |
18.96% |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 6.16 from the last year, the resulting P/E ratio is 10.71x.
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IPO's Strengths
-
They provide a wide range of SKUs to meet the various needs of their clients.
-
Ideally situated on the road that connects Chennai and Kolkata.
-
Complete end-to-end manufacturing facility for smooth production procedures.
-
Because suppliers are primarily from the South, freight expenses are lower.
-
committed to offering continuously high-quality products in order to ensure client satisfaction.
IPO's Weaknesses
-
Dependence on the Paper Products Industry.
-
High Geographic Concentration in Eastern India.
-
Working Capital Intensive Operations.
Utkal Speciality Industries India IPO GMP (Grey Market Premium)
Utkal Speciality Industries India IPO GMP today has not started yet as of 08 June 2026, while writing this information.
Utkal Speciality Industries India IPO Summary
|
IPO Opening & Closing Date |
10 Jun, 2026 to 12 Jun, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 62 to Rs. 66 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
52,34,000 Shares (Rs. 35 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
49,70,000 Shares (Rs. 33 Cr) |
|
Listing at |
NSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
Cameo Corporate Services Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,64,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,96,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Utkal Speciality Industries India IPO Allotment Status
To check the Utkal Speciality Industries India IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Utkal Speciality Industries India Ltd.
-
Mr. Akash Agrawal
-
Mrs. Meena Agarwal
-
Mr. Manoj Agarwal
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
73.20% |
IPO Lead Managers
Affinity Global Capital Market Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
Utkal Speciality Industries India IPO offers investors exposure to the growing sustainable paper products and packaging sector. With a price band of ₹62–₹66, strong FY2025 profitability, and expansion plans, the SME IPO presents promising growth potential.
However, investors should assess its working-capital needs, debt, and regional concentration before applying.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
