Utkal Speciality Industries India Limited is engaged in the manufacturing of paper-based disposable products and packaging materials, catering to household, retail, food service, hospitality, and commercial sectors.
Product Portfolio:
- Paper Napkins and Tissues
- Paper Cups, Glasses, Plates and Bowls
- Food Boxes
- Coated Paper Rolls and Coated Sheets
- Aluminum Foils
- Paper Scrap and related packaging products
The company serves a diversified customer base comprising manufacturers, distributors, wholesalers, and retailers across multiple states in India, covering both urban and semi-urban markets.
Utkal Speciality Industries operates its manufacturing facility in Khurda, Odisha, and focuses on delivering durable, hygienic, and convenient packaging solutions aligned with evolving consumer preferences.
The company is also expanding its product portfolio through a proposed aluminum foil container manufacturing facility to meet the growing demand for food-grade and sustainable packaging solutions.
As of March 31, 2025, the company had 50 employees.
Utkal Speciality IPO – Details
| IPO Opening Date | 10 June 2026 |
| IPO Closing Date | 12 June 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 52,34,000 Shares Worth ₹34.54 Crore Fresh Issue: 52,34,000 Shares Worth ₹34.54 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 – ₹66 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Cameo Corporate Services Limited |
| QIB Shares Offered | 1.01% |
| NII Shares Offered | 39.60% |
| Retail Shares Offered | 59.39% |
Utkal Speciality IPO – Date Schedule
| IPO Open Date | 10 June 2026 |
| IPO Close Date | 12 June 2026 |
| Basis of Allotment | 15 June 2026 |
| Initiation of Refund | 16 June 2026 |
| Credit of Shares to Demat | 16 June 2026 |
| IPO Listing Date | 17 June 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 12, 2026 |
Utkal Speciality IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,64,000 |
| Retail (Max) | 2 | 4000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 16000 | ₹10,56,000 |
Competitive Strength
- 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 Promoters
- Mr. Akash Agrawal
- Mrs. Meena Agarwal
- Mr. Manoj Agarwal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹46.23 Cr | ₹43.26 Cr | ₹2.21 Cr | ₹25.41 Cr |
| 31 March 2024 | ₹44.15 Cr | ₹39.75 Cr | ₹3.24 Cr | ₹25.43 Cr |
| 31 March 2025 | ₹50.28 Cr | ₹41.49 Cr | ₹6.68 Cr | ₹17.37 Cr |
| 31 December 2025 | ₹40.90 Cr | ₹33.57 Cr | ₹5.48 Cr | ₹17.16 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 22.50% |
| ROCE | 16.78% |
| Debt/Equity | 0.63 |
| RoNW | 25.26% |
| PAT Margin | 13.79% |
| EBITDA Margin | 19.51% |
| Price to Book Value | 3.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.67 | 3.74 |
| P/E (x) | 14.12 | 17.63 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding incremental working capital requirements of the Company. | ₹5.31 |
| Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the company. | ₹11.00 |
| Funding Capital Expenditure requirement towards the purchase of machinery for the new manufacturing facility at Khurda, Odisha. | ₹9.60 |
| General corporate purposes. | – |
| To meet the offer related expenses. |
✅Strengths
- Diversified portfolio of paper-based disposable and packaging products.
- Integrated manufacturing facility with expanding production capabilities.
- Strong focus on quality standards and regulatory compliance.
- Experienced promoters and management team.
- Established customer relationships across multiple industries.
⚠️Risks
- Business is dependent on continuous availability of raw materials.
- Faces intense competition in the disposable and packaging industry.
- Any disruption at its manufacturing facility may impact operations.
- Subject to environmental, pollution control, and regulatory compliance requirements.
- May retain profits for expansion and may not pay dividends in the near future.
Utkal Speciality IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.20% |
Utkal Speciality IPO Prospectus
Company Contact Information
| Utkal Speciality Industries India Limited IDC0 Plot No. I/5/B, Food Processing Park, Khurda, Odisha, 752057 Phone: +91 90401-34060 Email: compliance@utkalspeciality.com Website: https://utkalspeciality.com/ |
Utkal Speciality IPO Registrar
| Cameo Corporate Services Ltd. Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://ipostatus1.cameoindia.com/ |
Utkal Speciality IPO Lead Manager(s)
| 1. Affinity Global Capital Market Pvt. Ltd. |
Utkal Speciality IPO FAQ
| What is the Utkal Speciality IPO? Utkal Speciality IPO is an SME IPO. The issue is priced at ₹62 – ₹66 per equity share. The IPO is to be listed on NSE SME. |
| When will Utkal Speciality IPO open? The IPO is to open on 10 June 2026 for QIB, NII, and Retail Investors. |
| What is Utkal Speciality IPO Investors’ Portion? The investors’ portion for QIB – 1.01%, NII – 39.60%, and Retail – 59.39%. |
| What is the Utkal Speciality IPO Size? Utkal Speciality IPO size is ₹34.54 Crore. |
| What are the Utkal Speciality IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,64,000, while the maximum bid is 4000 Shares for ₹2,64,000. |
| What is the Utkal Speciality IPO Allotment Date? Utkal Speciality IPO allotment date is 15 June 2026. |
| What is the Utkal Speciality IPO Listing Date? Utkal Speciality IPO listing date is 17 June 2026. The IPO is to be listed on the NSE SME. |
