| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹34.54 Cr |
| Reserved for Market Maker | ₹1.74 Cr |
| Net Issue Size | ₹34.54 Cr |
| Fresh Issue | ₹32.80 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน62.00-66.00 per share |
| NSE Code | UTKAL |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Affinity Global Capital Market... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares ยท Multiples of 2,000 shares
Utkal Speciality IPO comprises a total issue size of 52,34,000 shares. The net offer to the public is 49,70,000 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 50,000 (1.01%) are allocated to QIB, 19,68,000 (39.60%) allocated to NII 29,52,000 (59.40%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 50,000 | 1.01% | 0.96% |
| NII (HNI) Shares Offered | 19,68,000 | 39.60% | 37.60% |
| − bNII > โน10L | 13,14,000 | 25.11% | |
| − sNII < โน10L | 6,54,000 | 12.50% | |
| Retail Shares Offered | 29,52,000 | 59.40% | 56.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,64,000 | 5.04% | |
| Total Shares Offered | 52,34,000 | 100.00% | 100.00% |
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน 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 |
| 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 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 22.50% | 35.42% |
| ROCE | 16.78% | 23.03% |
| Debt / Equity | 0.63% | 0.80% |
| RoNW | 25.26% | 30.88% |
| PAT Margin | 13.79% | 13.74% |
| EBITDA Margin | 19.51% | 18.96% |
| Price to Book Value | 3.48 | 4.36 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 4.67 | 3.74 |
| P/E (x) | 14.12 | 17.63 |
| Promoter Holding | 100% | 73.20% |
| Market Cap | โน128.92 Cr. | |