Utkal Speciality Industries IPO GMP Day 1: Rs 34.54 Crore SME IPO Opens at Rs 62-66 Price Band — Full Review, Financials, and Should You Apply?
- June 10, 2026
- Posted by: Ankit Jaiswal
- Category: IPO
Issue size Rs 34.54 Cr. Price band Rs 62-66. Lot: 4,000 shares. Min investment Rs 2,64,000. Revenue FY25 Rs 50.28 Cr (+14%). PAT Rs 6.68 Cr (+106%). Listing June 17 on NSE SME. GMP not yet established on Day 1.
The Utkal Speciality Industries IPO opens for subscription today, marking the first day of bidding for this Odisha-based paper products manufacturer. The Rs 34.54 crore SME IPO is priced in the range of Rs 62-66 per share and will be listed on NSE SME Emerge on June 17, 2026. With paper-based alternatives to single-use plastics gaining regulatory and consumer momentum, the Utkal Speciality Industries IPO enters the market at an opportune time, though its very recent incorporation (2025) and SME scale require careful evaluation by prospective investors.
Click Here – Get Free Investment Predictions
About Utkal Speciality Industries India
Utkal Speciality Industries India Limited was established in 2025 and is headquartered in Odisha. The company manufactures a wide range of paper-based products and packaging materials, including paper plates, cups, glasses, dosa plates, bowls, tissues, pizza boxes, sweet boxes, and wrapping paper. Its product portfolio serves both functional and aesthetic needs, catering to everyday use as well as special occasion packaging. The business model is predominantly B2B, with 96.04% of FY25 revenues from business customers and only 3.96% from direct consumer sales. The company’s customer base spans manufacturers and retailers primarily in Odisha (38.95% of revenue), West Bengal (24.79%), and Andhra Pradesh (8.89%). As of December 31, 2025, the company employed 50 individuals.
| IPO Parameter | Details |
|---|---|
| IPO Type | SME IPO (Book Build Issue) |
| Exchange | NSE SME Emerge |
| Issue Size | Rs 34.54 crore (100% Fresh Issue) |
| Price Band | Rs 62-66 per share |
| Face Value | Rs 10 per share |
| Lot Size | 4,000 shares |
| Retail Min. Investment | Rs 2,64,000 (4,000 shares at Rs 66) |
| Total Shares | 52.34 lakh shares |
| Open Date | June 10, 2026 |
| Close Date | June 12, 2026 |
| Allotment Date | June 15, 2026 (expected) |
| Listing Date | June 17, 2026 (NSE SME) |
| Registrar | Cameo Corporate Services Ltd. |
| BRLM | Affinity Global Capital Market Pvt. Ltd. |
| GMP (Day 1) | Not yet established |
| Company Founded | 2025 |
| Business | Paper-based products and packaging (plates, cups, boxes) |
| Revenue FY25 | Rs 50.28 crore (+13.9% YoY) |
| Profit FY25 | Rs 6.68 crore (+106% YoY) |
| Promoters | Akash Agrawal, Meena Agarwal, Manoj Agarwal |
Stay Ahead with Daily IPO and Stock Research
Univest’s research team tracks every IPO, GMP trend, and listing day move so you don’t have to.
- Daily IPO GMP updates and subscription alerts
- Listing day analysis and post-listing targets
- High-conviction stock picks based on research
Unlock the latest Top Stock Picks on Univest
Utkal Speciality Industries IPO: Key Details for Day 1
Issue Structure and Pricing
The Utkal Speciality Industries IPO is a 100% fresh issue of Rs 34.54 crore, which means all IPO proceeds flow directly to the company for business purposes. At the upper price band of Rs 66, the company would have an implied market capitalisation of approximately Rs 130-140 crore. The IPO proceeds will primarily fund incremental working capital requirements to support business expansion. The minimum retail investment of Rs 2,64,000 (4,000 shares at Rs 66) makes this a significant outlay for retail investors compared to mainboard IPOs that have smaller lot sizes.
Financial Performance: Strong Profit Growth but Early-Stage Scale
The Utkal Speciality Industries IPO financials show a small but rapidly growing company. Revenue grew 13.9% from Rs 44.15 crore in FY24 to Rs 50.28 crore in FY25. More importantly, profit after tax doubled, rising 106% from Rs 3.24 crore in FY24 to Rs 6.68 crore in FY25. This profit growth rate is a strong signal of operating leverage at the company’s scale. However, prospective investors should note that the company was incorporated only in 2025 (relatively new in formal legal structure, though operations may predate this), operates at small scale, and serves a regional market with limited pan-India presence.
GMP on Day 1: Not Yet Established
The Utkal Speciality Industries IPO grey market premium is not yet established on Day 1 of subscription. GMP for SME IPOs typically builds after the first few hours of bidding based on early subscription data and investor demand in the unofficial grey market. Investors tracking the Utkal Speciality Industries IPO GMP should check IPO tracking platforms for live updates as the day progresses. Remember that GMP is unofficial, unregulated by SEBI, and not a guaranteed predictor of listing price.
Track Utkal Speciality Industries IPO Subscription Live on Univest Screener
Should You Apply for the Utkal Speciality Industries IPO?
The Utkal Speciality Industries IPO merits careful consideration before applying. The company operates in the growing sustainable packaging segment, benefits from paper-based product demand, and showed strong profit growth in FY25. However, the company is very recently incorporated (2025), operates at a small scale (Rs 50 crore revenue), has limited geographical reach, and the Rs 2,64,000 minimum investment is relatively high for an SME IPO. Risk-tolerant investors with a long-term view on sustainable packaging adoption may find this interesting. Conservative investors should evaluate the early-stage nature of the business carefully. This article does not constitute investment advice. Consult a SEBI-registered financial advisor before applying.
Conclusion
The Utkal Speciality Industries IPO opens today with a Rs 34.54 crore fresh issue at Rs 62-66 per share on NSE SME. Day 1 GMP will develop as subscription data emerges. The company’s 106% profit growth in FY25 and positioning in paper packaging are positives, but early-stage incorporation and small scale are key risks to evaluate. Track live GMP and subscription status throughout today and tomorrow on Univest.
Download the Univest iOS App or Univest Android App to track Utkal Speciality Industries IPO GMP, subscription status and allotment live.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. GMP (grey market premium) is unofficial and unregulated by SEBI. It is not a guaranteed indicator of listing price. Verify all data before investing. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions (FAQs)
What is the Utkal Speciality Industries IPO price band and lot size?
Ans. The Utkal Speciality Industries IPO price band is Rs 62 to Rs 66 per share. The minimum lot size is 4,000 shares. The minimum investment for retail investors is Rs 2,64,000 at the upper price band of Rs 66. The IPO is listed on NSE SME.
When does the Utkal Speciality Industries IPO open and close?
Ans. The Utkal Speciality Industries IPO opens on June 10, 2026 and closes on June 12, 2026. The allotment is expected on June 15, 2026. Shares will be listed on NSE SME on June 17, 2026. The registrar is Cameo Corporate Services and the BRLM is Affinity Global Capital Market Pvt. Ltd.
What is the GMP of Utkal Speciality Industries IPO on Day 1?
Ans. The Utkal Speciality Industries IPO grey market premium (GMP) is not yet established on Day 1, as the IPO has just opened for subscription. GMP typically builds up after the first day of subscription based on investor demand. Investors should track GMP updates on IPO tracking websites. GMP is unofficial and unregulated by SEBI and should not be the sole basis for any investment decision.
What does Utkal Speciality Industries do?
Ans. Utkal Speciality Industries India Limited, established in 2025 and headquartered in Odisha, manufactures paper-based products and packaging materials. The company produces paper plates, cups, glasses, dosa plates, bowls, tissues, pizza boxes, sweet boxes, and wrapping paper. The business is primarily B2B (96% of FY25 revenue), serving smaller manufacturers and retailers. Odisha accounts for 38.95% of revenue, West Bengal 24.79%, and Andhra Pradesh 8.89%.
What are Utkal Speciality Industries IPO financials?
Ans. Utkal Speciality Industries reported revenue of Rs 50.28 crore in FY25 versus Rs 44.15 crore in FY24 (up 13.9%). Profit after tax grew 106% from Rs 3.24 crore in FY24 to Rs 6.68 crore in FY25. The company had 50 employees as of December 31, 2025. IPO proceeds will primarily fund incremental working capital requirements.
What is the objective of the Utkal Speciality Industries IPO?
Ans. The Utkal Speciality Industries IPO is entirely a fresh issue of Rs 34.54 crore. The primary objective is to fund incremental working capital requirements to support business expansion. The company is in the growing sustainable packaging segment, benefiting from the push to replace single-use plastics with paper-based alternatives. The IPO constitutes approximately 26-27% of post-IPO paid-up capital.
