Utkal Speciality Industries India Limited
Bookbuilding IPO · NSE
- Price band
- ₹62 - ₹66
- Lot size
- 2,000 shares
- Issue amount
- ₹34.54 cr
- Total subscription
- 1.69×
- Opens
- 10 Jun 2026
- Closes
- 12 Jun 2026
- Allotment
- 15 Jun 2026
- Listing
- 17 Jun 2026
Offer at a glance
Issue overview
- Issue size
- 52,34,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,24,000
- Fresh issue
- ₹34.54 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,32,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,43,00,000
- Shares after issue
- 1,95,34,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,64,000 |
| sHNI | 3 | 6,000 | ₹3,96,000 |
| bHNI | 8 | 16,000 | ₹10,56,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 12 Jun 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 2 |
| NIB | 0 | 122 |
| RETAIL | 738 | 1,552 |
| HNIs(10L +) | 219 | 28 |
| HNIs (2-10L) | 109 | 94 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.33 | 0.37 |
| Others | 0 | 0.37 |
| RETAIL | 19.48 | 40.97 |
| NIB | 12.99 | 13.94 |
| HNIs 2+ | 4.32 | 3.87 |
| HNIs 10+ | 8.67 | 10.07 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 3.84 | 6.16 | 3.7 | 2.55 |
| ROE | 22.5 | 35.42 | 23.11 | 23.4 |
| ROCE | 16.78 | 23.03 | 11.67 | 9.38 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 14.12 | 0 | 0 |
| POST IPO(PE) | 17.63 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Spinaroo Commercial Limited | 33.66 | 58.90 | 10.00 | 33.50 | 5.28 | 1.75 |
| Aaradhya Disposal Industries Limited | 12.81 | 112.50 | 10.00 | 76.05 | 15.93 | 8.78 |
| Utkal Speciality Industries India Limited | 14.12 | 66.00 | 10.00 | 18.97 | 25.26 | 5.11 |
Company information
Company profile
Utkal Speciality Industries India Limited, incorporated on September 1, 2015, is engaged in the manufacturing of paper-based products and packaging solutions. The company focuses on delivering high-quality, innovative, and sustainable products that meet the growing demand for eco-friendly packaging across both consumer and business segments. Its diverse product portfolio includes coated paper, paper cup and glass blanks, paper plates and bowls, greaseproof paper, finished paper cups and glasses, paper straws, napkins, tissues, toilet rolls, kitchen towels, paper sweet boxes, pizza and burger boxes, food wrapping papers, aluminium foil products, composite foils, and paper bags. The company serves a wide range of customers, including manufacturers, distributors, and retailers, providing packaging solutions for everyday use as well as special occasions. With an emphasis on sustainability and convenience, Utkal Speciality Industries continues to expand its presence in the growing paper and packaging industry.
Strengths
- Integrated Paper Packaging Business: Engaged in manufacturing paper cup raw materials, paper cups, paper plates, and related packaging products, creating a diversified product base.
- Strong Manufacturing Infrastructure: Operates an integrated production setup that helps maintain quality standards and improve operational efficiency.
- Growing Demand for Eco-Friendly Products: Increasing preference for paper-based and sustainable packaging solutions supports long-term growth opportunities.
Risk factors
- Raw Material Price Volatility: Fluctuations in paper and packaging material costs can directly impact profitability and margins.
- Working Capital Intensive: Requires continuous investment in inventory, production, and distribution operations.
- Competitive Packaging Industry: Faces competition from organized and regional manufacturers, which can affect pricing power and market share.
Promoters
Mr. Akash Agrawal
Mrs. Meena Agarwal
Mr. Manoj Agarwal
Registrar & documents
Lead manager
Affinity Global Capital Market Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
IDC0 Plot No. I/5/B, Food Processing Park, Khurda, Odisha, 752057
+91 90401-34060
[email protected]Company website ↗Understanding UTKAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.