Utkal Speciality Industries India Limited
Minimum investment
Bidding date
10 Jun - 12 Jun 2026
Price range
₹62 - ₹66
Minimum quantity
4,000
Minimum investment
₹1,24,000
Issue size
₹35 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Total Issue Size:
₹35 Crore
Fresh Issue: 94% (₹33 Cr)
OFS: 0% (₹0 Cr)
Fresh Issue – ₹33 Crore
Offer for Sale – ₹0 Crore
Before Issue: 100%
After Issue: 73.2%
Lock-in / Stabilization | Timeline |
|---|---|
Minimum Promoters' Contribution (20% of post-issue share capital) | 3 Years from the date of allotment |
50% of Promoters' Holding in Excess of Minimum Contribution | 2 Years from the date of allotment |
Remaining 50% of Promoters' Holding in Excess of Minimum Contribution | 1 Year from the date of allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Category | Subscription |
|---|---|
Qualified Institutional Buyers | - |
Retail Individual Investor | - |
Non-Institutional Investor | - |
Others | - |
Total | 0.32x |
Utkal Speciality Industries India Limited was incorporated on September 1, 2015, and is engaged in the manufacturing of paper-based products and packaging materials. The company offers a wide range of paper products designed for both everyday use and special occasions, catering to the growing demand for sustainable and eco-friendly alternatives. The company serves a diverse customer base, including manufacturers, distributors, and retailers. Its integrated manufacturing facility helps ensure efficient production processes, quality control, and timely delivery of products. Utkal Speciality Industries benefits from its strategic location on the highway connecting Kolkata and Chennai, providing logistical advantages and cost efficiencies. The company also enjoys lower freight costs due to the proximity of key suppliers located in Southern India.
As of March 31, 2025, the company employed 50 people and continues to focus on expanding its production capabilities, improving operational efficiency, and strengthening its position in the paper products and packaging industry.
Diverse Product Portfolio: The company offers a wide range of paper-based products and packaging materials, supported by a large number of SKUs. This enables it to serve various customer requirements across multiple end-user segments and helps reduce dependence on a single product category.
Strategic Manufacturing Location: Utkal Speciality's manufacturing facility is strategically located on the highway connecting Kolkata and Chennai. This provides efficient access to key markets, improves logistics management, and supports timely product distribution.
Integrated Manufacturing Operations: The company operates a fully integrated manufacturing facility that manages the entire production process. This helps maintain product quality, improve operational efficiency, and optimize production costs.
Consistent Financial Growth: The company has reported steady growth in profitability and net worth over recent years. Profit After Tax increased from Rs. 2.21 crore in FY23 to Rs. 6.68 crore in FY25, reflecting improving business performance.
Healthy Profitability Margins: Utkal Speciality has maintained strong operating profitability, with EBITDA margins of 18.96% in FY25 and 19.51% for the period ended December 31, 2025. Strong margins indicate efficient cost management and operational performance.
Intense Industry Competition: The paper and packaging industry is highly competitive, with numerous organized and unorganized players. Increased competition may put pressure on product pricing and profit margins.
Relatively Small Scale of Operations: Compared to larger and more established industry participants, the company operates on a smaller scale. This may limit its bargaining power and ability to compete for large orders.
Utilization of IPO Proceeds: A significant portion of the IPO proceeds is earmarked for debt repayment and working capital requirements. While this strengthens the balance sheet, it may limit the immediate impact of the IPO on capacity expansion and revenue growth.
SME Listing Risks: The shares will be listed on the NSE SME platform, where trading volumes are generally lower than those of mainboard-listed companies. This may result in lower liquidity and higher price volatility.
Dependence on Industry Demand: The company's performance is closely linked to demand for paper-based products and packaging materials. Any slowdown in industry demand could adversely affect revenue growth and profitability.
40.9 Cr.
Dec'25
5.48 Cr.
Dec'25
7.76 Cr.
Dec'25
57 investors voted
Active IPOs | |
|---|---|
Company name | Bid starts |
Utkal Speciality Industries India | 10-06-2026 |
