Utkal Speciality IPO
Day 1 of 3 of bidding · Jun 10, 2026
Utkal Speciality IPO is on Day 1 of 3 of its subscription window. The latest grey market premium is Rs 0 (0.0% over issue price). Subscription data is being updated; check back shortly. Bidding closes on Jun 12, 2026 (in 2 days).
Last updated:Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 46.23 | 44.15 | 50.28 | 40.90 |
| Expense | 43.26 | 39.75 | 41.49 | 33.57 |
| Profit (PAT) | 2.21 | 3.24 | 6.68 | 5.48 |
| Total Assets | 35.27 | 37.60 | 44.04 | 48.63 |
| Company | P/E | EPS |
|---|---|---|
| Spinaroo Commercial Ltd | 33.66 | 1.75 |
| Aaradhya Disposal Industries Limited | 12.81 | 8.78 |
Promoters: Mr. Akash Agrawal, Mrs. Meena Agarwal and Mr. Manoj Agarwal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,43,00,000 | 100.00% |
| Promoter Holding Post Issue | 1,95,34,000 | 73.20% |
Strengths & Risks
- Solid profit margin — 13.3%.
- Strong return on equity — 35%.
- Grey-market premium is flat or negative — a weak listing-pop signal.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Utkal Speciality Industries India, founded on September 1, 2025, has been engaged in the manufacturing of paper-based products and packaging materials. Its products are designed to meet both functional needs and aesthetic needs, such as paper plates, cups, glasses, dosa plates, bowls, tissues, pizza and sweets boxes, and wrapping paper serving various industries. The firm offers a range of paper-based products for daily use and special events that are also sustainable and convenient to use. The firm manufactures its packaging materials and products for a wide range of customers, including small manufacturers and retailers. Its end-to-end manufacturing facility is located on the highway between Kolkata and Chennai to promote a seamless production process.
| Purpose | Amount (Cr) |
|---|---|
| Funding incremental working capital requirements of the Company | - |
| Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the company | - |
| Funding Capital Expenditure requirement towards purchase of machinery for the new manufacturing facility at Khurda, Odisha | - |
| General Corporate Purposes | - |
| To meet the offer related expenses | - |
Resources & Documents
Utkal Speciality Industries India Ltd., IDC0 Plot No. I/5/B,, Food Processing Park,, Khurda,, Khurda, Odisha, 752057
Utkal Speciality has set a price band of Rs 62–Rs 66 per share for an issue size of Rs 35 crore. The SME issue is currently open for subscription and closes in 2 days on June 12, 2026.
Utkal Speciality Industries India, founded on September 1, 2025, has been engaged in the manufacturing of paper-based products and packaging materials. Its products are designed to meet both functional needs and aesthetic needs, such as paper plates, cups, glasses, dosa plates, bowls, tissues, pizza and sweets boxes, and wrapping paper serving various industries.
The issue is promoted by Mr. Akash Agrawal, Mrs. Meena Agarwal and Mr. Manoj Agarwal with Affinity Global Capital Market Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding incremental working capital requirements of the Company and Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the company.
Current grey market activity shows a flat premium, indicating muted unofficial demand. Live demand data shows overall subscription at 0.00x.
On fundamentals, the company is posting revenue growth of 13.9%, a profit margin of 13.3%, return on equity of 35.4% in its most recent reported period. Listed peers in this segment include Spinaroo Commercial Ltd (P/E 33.66x) and Aaradhya Disposal Industries Limited (P/E 12.81x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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