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Utkal Speciality IPO
Price Band
₹62.0–66.0
Issue Size
₹34.54 Cr
Lot Size
2,000 shares
Min Investment
₹264,000
2 LOTS MIN
GMP
—
Issue Price
₹66.0
Utkal Speciality IPO AI Summary
- Utkal Speciality IPO is listed on NSE SME in the Paper & Paper Products sector.
- Price band: ₹62.0–₹66.0 per share, lot size 2,000 shares (min. investment ₹264,000, 2 lots minimum).
- Subscription window: 10 Jun–12 Jun 2026, listing on 17 Jun 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
0.34x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
0.00x
|
0.00x |
| NII (HNI) |
0.43x
|
0.43x |
| ↳ bNII (>₹10L) |
0.57x
|
0.57x |
| ↳ sNII (<₹10L) |
0.11x
|
0.11x |
| Retail (RII) |
0.29x
|
0.29x |
| Total | 0.34x | 0.34x |
Auto-updated every 5 min · As of 10th Jun 2026 18:56
Utkal Speciality IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated on September 01, 2015, Utkal Speciality Industries India Limited is engaged in the manufacturing of paper-based products and packaging materials, offering a broad range of items that serve both functional and aesthetic needs across various consumer segments. The product portfolio includes thoughtfully designed paper-based alternatives intended for everyday use as well as special occasions, aligning with evolving consumer preferences for sustainable and convenient options. The company wide range of customers, including smaller manufacturers as well as end retailers who distribute our paper-based products and packaging materials. As on 31st March, 2025, the company have 50 employees. Competitive 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
Company Financials (₹ Cr)
As of 2025-12-31
| 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 |
Key Ratios
EPS
₹4.67
NAV
₹15.13
ROE
35.42%
ROCE
23.03%
RoNW
30.88%
P/B Value
4.36
P/E Ratio
14.12
Market Cap
₹128.92 Cr
PAT Margin
13.74%
Debt/Equity
0.80
Promoters
Akash Agrawal, Meena Agarwal and Manoj Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹46.23 Cr in the year ending March 31, 2023, increasing to ₹44.15 Cr by March 31, 2024, and then rising further to ₹50.28 Cr by March 31, 2025. However, for the period ending December 31, 2025, total income was ₹40.90 Cr, which is a 9.3% decrease compared to the previous full year, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹2.21 Cr in the year ending March 31, 2023, which grew to ₹3.24 Cr by March 31, 2024. It further increased to ₹6.68 Cr by March 31, 2025. For the period ending December 31, 2025, profit after tax was ₹5.48 Cr, which is lower than the prior full year figure, though this is also a 9-month figure and not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price of the shares based on demand in the grey market. A higher GMP suggests strong demand and potential for gains on listing day, while a lower or negative GMP might indicate weak demand.
Subscription Demand
As of June 10, 2026, the overall subscription level is at 0.34 times. The breakdown shows that the Non-Institutional Investors (NII) category has a subscription of 0.43 times, while the Retail Investors (RII) category has a subscription of 0.29 times. The bNII (investors with bids over ₹10 lakh) category has a subscription of 0.57 times, and the sNII (investors with bids under ₹10 lakh) category has a subscription of 0.11 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential, market conditions, and overall financial health before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO. Additionally, those who are not comfortable with the potential for fluctuations in share prices on listing day should consider their options carefully.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on June 10, 2026, and closes on June 12, 2026. Allotment of shares is expected to be finalized by June 15, 2026, with the listing date set for June 17, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. Investors should be aware that there is a risk of losses as well.
This evaluation is generated from Utkal Speciality's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Utkal Speciality IPO?
The price band of Utkal Speciality IPO is ₹62.0–₹66.0 per share.
When does Utkal Speciality IPO open and close?
Utkal Speciality IPO opens on 10 June 2026 and closes on 12 June 2026.
When does Utkal Speciality IPO list on the stock exchange?
Utkal Speciality IPO listed on 17 June 2026 at ₹66.0.
What is the lot size for Utkal Speciality IPO?
The lot size for Utkal Speciality IPO is 2000 shares, requiring a minimum investment of ₹264,000 (2 lots).
What is the price band for the Utkal Speciality IPO?
The price band for the Utkal Speciality IPO is ₹62.0 to ₹66.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹264,000.
What is the lot size for the Utkal Speciality IPO?
The lot size for the Utkal Speciality IPO is 2000 shares.
When does the Utkal Speciality IPO open and close?
The Utkal Speciality IPO opens on June 10, 2026, and closes on June 12, 2026.
When is the listing date for the Utkal Speciality IPO?
The listing date for the Utkal Speciality IPO is June 17, 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Jun 2026
Close
12 Jun 2026
Allotment
15 Jun 2026
Listing
17 Jun 2026
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