Utkal Speciality Industries IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 1.12x | 1.12x |
| NII | 0.44x | 0.62x | 1.07x |
| bNII > ₹10L | 0.61x | 0.75x | 1.16x |
| sNII 2-10L | 0.10x | 0.37x | 0.89x |
| Retail | 0.27x | 1.07x | 2.10x |
| Total | 0.32x | 0.85x | 1.69x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| 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 |
Peer Comparison
| Company | EPS | P/E |
|---|---|---|
| Spinaroo Commercial Ltd | 1.75 | 33.66 |
| Aaradhya Disposal Industries Limited | 8.78 | 12.81 |
Promoters & Holding Pattern
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%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Utkal Speciality Industries
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.
Company Contact Information
Utkal Speciality Industries India Ltd., IDC0 Plot No. I/5/B,, Food Processing Park,, Khurda,, Khurda, Odisha, 752057
Objects of the Issue
| 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 IPO - Quick Take
Utkal Speciality Industries has set a price band of Rs 62–Rs 66 per share for an issue size of Rs 35 crore. The stock listed flat against its issue price.
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.
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 is trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Utkal Speciality Industries IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Utkal Speciality Industries GMP history and trend, or learn how grey market premium works and how reliable it is.
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