Utkal Speciality Industries India Ltd.
UTKALSME
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Overview
Utkal Speciality Industries India Limited manufactures paper-based products and packaging materials for food service, retail and industrial customers. Utkal Speciality Industries India Limited offers coated rolls and sheets, paper cups, glasses, plates, bowls, napkins, tissues, sweet and pizza boxes, wraps, paper bags and aluminium foil products, supported by in-house manufacturing, a wide SKU range, a diversified customer base and operations focused on quality, production efficiency and supply-chain reliability.
Opening Date
Jun 10, 2026
Closing Date
Jun 12, 2026
Listing Date
Jun 17, 2026
IPO Type
SME
IPO Status
Open
Issue Size
34.54 Cr
Fresh Issue
34.54 Cr
Offer for Sale
0 Cr
Price Band
₹62 - ₹66
Lot Size
2000
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to support growth, strengthen the balance sheet and expand manufacturing capabilities.
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Fund the company's incremental working capital requirements to support higher inventory, receivables management, procurement of raw materials, day-to-day operating expenses and growth in sales volumes across its paper-based disposable and packaging product portfolio.
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Prepay or repay a portion of outstanding borrowings, primarily the cash credit facility, in order to reduce debt levels, improve the debt-equity profile, lower finance costs and free up internal accruals for future business expansion.
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Finance capital expenditure for the new manufacturing facility at Khurda, Odisha, including purchase and installation of machinery and related equipment for aluminium foil container production, thereby expanding the company's product range and production capacity.
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Meet general corporate purposes such as strategic business initiatives, brand building, marketing support, operational contingencies and other ordinary-course business requirements, within the regulatory limits applicable to such use of proceeds.
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Meet offer-related expenses associated with the public issue and listing process.
Key Performance Indicator
P/E Ratio
14.12
EPS
4.67
ROE
22.5%
ROCE
16.78%
RONW
25.26%
Debt to Equity Ratio
—
PAT Margin
13.79%
EBITDA Margin
19.51%
P/B
3.48
SWOT Analysis
Strengths
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Wide product portfolio and large SKU base across paper-based disposable tableware, packaging and related materials serving varied customer needs.
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Integrated manufacturing operations with in-house production capabilities that support quality control, operational flexibility and efficient processing.
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Diversified customer base across multiple states and customer segments, reducing dependence on a few buyers and supporting revenue stability.
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Strategic location and supplier sourcing advantages help manage freight costs and support efficient raw material procurement and product distribution.
Weaknesses
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Business remains working-capital intensive because of high inventory holding, receivables funding and regular raw material procurement needs.
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Operations are exposed to fluctuations in key raw material prices, especially paper and polymer-based inputs, which can affect margins.
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Borrowings remain meaningful, and interest costs can impact profitability despite ongoing debt reduction efforts.
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Export contribution has declined materially, leaving the company currently more dependent on the domestic market for revenue generation.
Opportunities
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Rising demand for sustainable, paper-based and recyclable packaging products in food service, retail and consumer applications can expand sales opportunities.
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The proposed aluminium foil container facility can diversify the product portfolio, add capacity and open access to new customers and packaging segments.
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Growth in organised retail, food delivery, FMCG packaging and e-commerce can increase demand for disposable tableware and packaging solutions.
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Ability to deepen presence across existing states and add new customers through broad product offerings and repeat business can support scale expansion.
Threats
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Intense competition from existing manufacturers and low-cost suppliers may pressure pricing, customer retention and margins.
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Changes in environmental, tax, labour, safety or industry regulations could increase compliance costs or affect operating flexibility.
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Dependence on timely availability of approvals, utilities and project execution for the new facility may affect expansion timelines and returns.
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Macroeconomic volatility, inflation, logistics disruptions or broader financial market instability could adversely affect demand, input costs and cash flows.
Subscription Rate
Frequently Asked Questions about Utkal Speciality Industries India Ltd.
Utkal Speciality Industries India Limited manufactures paper-based products and packaging materials for food service, retail and industrial customers. Utkal Speciality Industries India Limited offers coated rolls and sheets, paper cups, glasses, plates, bowls, napkins, tissues, sweet and pizza boxes, wraps, paper bags and aluminium foil products, supported by in-house manufacturing, a wide SKU range, a diversified customer base and operations focused on quality, production efficiency and supply-chain reliability.
The Utkal Speciality Industries India Ltd. IPO is scheduled to open for subscription on Jun 10, 2026 and close on Jun 12, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Utkal Speciality Industries India Ltd. IPO is ₹62 to ₹66. Investors can place bids within this range once the issue opens.
The minimum lot size for the Utkal Speciality Industries India Ltd. IPO is 2000 shares. The minimum investment amount ₹1,32,000.
The total issue size of the Utkal Speciality Industries India Ltd. IPO is approximately ₹34.54. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Utkal Speciality Industries India Ltd. IPO has been subscribed 0.84 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Utkal Speciality Industries India Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Utkal Speciality Industries India Ltd. are expected to list on stock exchanges on Jun 17, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Utkal Speciality Industries India Ltd. IPO are proposed to be used for The main objectives of the issue are to support growth, strengthen the balance sheet and expand manufacturing capabilities., Fund the company's incremental working capital requirements to support higher inventory, receivables management, procurement of raw materials, day-to-day operating expenses and growth in sales volumes across its paper-based disposable and packaging product portfolio., Prepay or repay a portion of outstanding borrowings, primarily the cash credit facility, in order to reduce debt levels, improve the debt-equity profile, lower finance costs and free up internal accruals for future business expansion., Finance capital expenditure for the new manufacturing facility at Khurda, Odisha, including purchase and installation of machinery and related equipment for aluminium foil container production, thereby expanding the company's product range and production capacity., Meet general corporate purposes such as strategic business initiatives, brand building, marketing support, operational contingencies and other ordinary-course business requirements, within the regulatory limits applicable to such use of proceeds., Meet offer-related expenses associated with the public issue and listing process.
Before applying for the Utkal Speciality Industries India Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
