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Utkal Speciality Industries India IPO
2.28xsubscribed

Utkal Speciality Industries India IPO

Paper & Paper Products
listed
₹2.48LMin. investment

Utkal Speciality Industries India Limited IPO Details

SectorPaper & Paper Products
Price range₹62.00 – ₹66.00
IPO type
SME
Lot size2000 shares
Issue size₹35Cr
Red Herring Prospectus
Read
Market cap
₹128.92CrLower than sector avg
RevenueApr 8 - Mar 9
₹48.62CrLower than sector avg
Growth rate3Y CAGR
2.92%Higher than sector avg

Utkal Speciality Industries India IPO Subscription Status

Date
QIB
NII
Retail
Total
10-Jun-26
0.0 times (X)
1.35 times (X)
0.28 times (X)
0.47 times (X)
11-Jun-26
1.12X
1.87X
1.08X
1.22X
12-Jun-26
1.12X
3.23X
2.09X
2.28X

As on 10-Jun-26, 5:30 PM

Utkal Speciality Industries India IPO Timeline

  1. Pre-apply
    9 Jun 2026
  2. Bid start
    10 Jun 2026
  3. Bid end
    12 Jun 2026
  4. Allotment
    15 Jun 2026
  5. Release of funds
    16 Jun 2026
  6. Demat transfer
    16 Jun 2026
  7. Listing
    17 Jun 2026

About Utkal Speciality Industries India Limited

Incorporated in 2015, Utkal Speciality Industries India is engaged in production of paper-based products and packaging materials, supplying a long range of items that serve the needs across various customer segments. Its product portfolio consists of paper-based alternatives required for everyday use as well as special occasions, matching with consumer preferences for sustainable and convenient options. Its focus has been on developing practical solutions that match with consumer needs, enabling it to establish a presence within the sector and maintain consistent engagement with its customer base.
The company also generates revenue through trading of key raw materials. First is polyethylene - This is a polymer which is purchased from multinational companies and second one is Corrugated Boxes – the company has many small manufacturers who purchase their primary raw material from the company and produce paper cups and plates.
The company serves a wide range of customers, including smaller manufacturers as well as end retailers who distribute its paper-based products and packaging materials. Its B2C customers are typically small retailers, including those with retail shops, cloud kitchens, and similar businesses. 100% revenue comes from the domestic markets in 9MFY26 in which South India contributed ~49% of revenue.
Its 97.5% revenue was produced by the paper products segment and 2% by trading in 9MFY26. Its B2B revenue made up in 9MFY26 was 94% as well as 6% by B2C. Revenue made by Odisha, West Bengal and Andhra Pradesh was ~ 77% in 9MFY26. Coated rolls (wall, bottom & speciality multilayered), coated sheets (Blanks/Fans/Circles) and paper cups, glasses, plates and bowls contributed most of the revenue (83%) in 9MFY26.

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Objectives of Utkal Speciality Industries India IPO

Repayment of debt
31.85%
The company will use ₹11 crore for repayment of borrowings.
Capital expenditure
27.79%
The company will use ₹9.59 crore for purchase of machinery for its new manufacturing facility
General corporate purposes
24.99%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Working capital requirements
15.37%
The company will use ₹ 5.30 crore for funding working capital needs of the business.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹48.62Cr2.92%₹6.68Cr₹128.92Cr10.710.80
This sector (avg.)₹486.02Cr0.02%-₹18.99Cr₹455.32Cr21.590.89
₹6,718.07Cr---₹411.98Cr₹5,538.61Cr18.600.35
₹4,062.29Cr---₹335.64Cr₹2,648.23Cr14.700.13
₹0----₹0.19Cr₹2,155.93Cr109.865.95

*Revenue for financial year 8-9. Lower P/E and D/E ratios are generally preferred.

Utkal Speciality Industries India IPO Contact Details

Company NameUtkal Speciality Industries India Limited

How to apply for Utkal Speciality Industries India IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Utkal Speciality Industries India IPO FAQs