Utkal Speciality Industries India IPO
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Utkal Speciality Industries India IPO details
Schedule of Utkal Speciality Industries India
| Issue open date | 10 Jun 2026 |
| Issue close date | 12 Jun 2026 |
| UPI mandate deadline | 12 Jun 2026 (5 PM) |
| Allotment finalization | 15 Jun 2026 |
| Refund initiation | 16 Jun 2026 |
| Share credit | 16 Jun 2026 |
| Listing date | 17 Jun 2026 |
| Mandate end date | 27 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 14 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 12 Sep 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Utkal Speciality Industries India
Utkal Speciality Industries India Limited is engaged in the manufacturing of paper-based products and packaging materials. The company offers a range of products used in food service and packaging applications, including paper plates, paper cups, paper glasses, paper dosa plates, paper bowls, tissue paper, pizza and sweets boxes, and wrap paper for sandwiches and burgers. Its products are available in different sizes, designs, thicknesses, and quality variants to meet the requirements of various customer segments. The company serves a diverse customer base comprising smaller manufacturers and retailers, helping it maintain a broad market presence and reduce dependence on any single customer group. Its business generates revenue through the sale of these paper-based products and packaging solutions. The company focuses on consistent product quality, efficient manufacturing, supply chain reliability, and environmentally conscious practices in its operations.
Financials of Utkal Speciality Industries India
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 34.54 |
| Fresh Issue – Proceeds go to the company | 34.54 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding incremental working capital requirements | 5.31 (15.37%) |
| Repayment/prepayment of borrowings | 11 (31.85%) |
| Purchase of machinery for the new manufacturing facility at Khurda, Odisha | 9.6 (27.79%) |
| General corporate purposes | 8.63 (24.99%) |
Strengths
- The company offers a diversified portfolio of paper-based products for food service and packaging applications.
- It serves a broad customer base, reducing dependence on any single customer segment.
- The business focuses on consistent product quality, efficient manufacturing, and reliable supply chain management.
- Long-standing relationships with key customers support stable business operations and repeat demand.
- The company regularly introduces new products and improves designs to meet evolving customer needs.
Risks
- The business has high working capital requirements and may need additional funding to support operations.
- Delays in customer payments or inability to secure financing could adversely affect business performance.
- The proposed new manufacturing facility may not achieve expected capacity utilisation or profitability.
- Additional production capacity may not be fully absorbed by market demand, impacting returns on investment.
- A portion of the planned capital expenditure depends on external bank financing, which is yet to be fully drawn.
Allotment Status for Utkal Speciality Industries India
To check your IPO allotment status:
- Visit the Cameo Corporate Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Utkal Speciality Industries India
According to media reports (Link), Utkal Speciality Industries India is seeing no premium in the grey market. Since GMP is an unreliable indicator, IPO subscription data from the exchanges offers a more accurate view of market demand.
Subscription numbers as of 05:00 PM on June 12, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 0.50 | 0.56 | 1.12x |
| NII | 20.68 | 18.48 | 0.89x |
| Retail | 29.52 | 62.08 | 2.10x |
| Total | 50.70 | 81.12 | 1.60x |