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Utkal Speciality Industries India IPO Listing Preview for June 17 on NSE SME: Issue Price Rs 66, GMP Rs 13 and Expected Listing at Rs 79

  • June 15, 2026
  • Posted by: Ankit Jaiswal
  • Category: IPO
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Utkal Speciality Industries India IPO Listing Preview for June 17 on NSE SME

Utkal Speciality IPO: Allotment June 15. Listing June 17 NSE SME. Issue Rs 66. GMP Rs 13. Expected listing Rs 79 (+19.7%). FY25 profit Rs 6.68 Cr (+106%).

The Utkal Speciality Industries IPO is set to make its stock market debut on NSE SME on June 17, 2026, with the basis of allotment being finalised today, June 15, 2026. The IPO was subscribed during June 10-12, 2026, at an upper price band of Rs 66 per share. The pre-listing grey market premium (GMP) for the Utkal Speciality Industries IPO stands at Rs 13, implying an expected listing price of approximately Rs 79, a gain of 19.7% over the issue price of Rs 66. Utkal Speciality Industries India Limited is an Odisha-based manufacturer of paper-based products and packaging materials, with FY25 revenue of Rs 50.28 crore (+14%) and net profit of Rs 6.68 crore (+106% YoY). The company raised Rs 34.54 crore through a 100% fresh issue (no OFS), with all proceeds going into the business for working capital and capacity expansion.

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Table of Contents

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  • Utkal Speciality Industries IPO: Key Listing Details
  • Utkal Speciality Industries Business Overview
  • What to Expect on Listing Day June 17
  • Conclusion
  • Frequently Asked Questions
    • When does the Utkal Speciality Industries IPO list and at what price?
    • What is Utkal Speciality Industries India’s business?
    • What are the Utkal Speciality Industries IPO financials?
    • Should you buy or sell Utkal Speciality Industries shares on listing day?
  • Also Read

Utkal Speciality Industries IPO: Key Listing Details

Parameter Value
Company Utkal Speciality Industries India Limited
Exchange NSE SME
Issue Size Rs 34.54 crore (100% fresh issue, 52.34 lakh shares)
Price Band Rs 62-66 per share (upper band Rs 66)
GMP (Pre-listing) Rs 13
Expected Listing Price Rs 79 (Rs 66 + Rs 13)
Expected Listing Gain ~19.7% over issue price
Subscription period June 10-12, 2026 (closed)
Allotment finalisation June 15, 2026 (today)
Share credit June 16, 2026
Listing date June 17, 2026 (NSE SME)
Registrar Cameo Corporate Services Limited
Lead Manager Affinity Global Capital Market Pvt. Ltd.
Market Maker Giriraj Stock Broking Pvt. Ltd.
Business Paper-based products and packaging materials
HQ IDCO Plot, Food Processing Park, Khurda, Odisha
FY25 Revenue Rs 50.28 crore (+14% from Rs 44.15 crore in FY24)
FY25 Net Profit Rs 6.68 crore (+106% from Rs 3.24 crore in FY24)

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Utkal Speciality Industries Business Overview

Utkal Speciality Industries India Limited manufactures paper-based packaging products from its facility at the IDCO Food Processing Park in Khurda, Odisha. The Utkal Speciality Industries IPO company serves the growing sustainable packaging market, where paper-based alternatives to plastic packaging are gaining consumer and regulatory favour. The Indian paper and packaging industry is growing at 6-8% annually driven by e-commerce, FMCG sector growth, and the government’s push toward reducing single-use plastics. For the Utkal Speciality Industries IPO, the Odisha location provides proximity to paper raw material sources in Odisha’s forestry sector and access to the northeastern Indian market.

What to Expect on Listing Day June 17

On listing day June 17 for the Utkal Speciality Industries IPO, the Utkal Speciality Industries IPO shares will open for trading on NSE SME. Based on the GMP of Rs 13, the expected opening price is Rs 79 (+19.7%). However, actual listing price depends on Day 1 buying and selling demand. For NSE SME listings, the circuit limit on listing day is typically wider (often 20-100% for first-day price discovery). Market makers (Giriraj Stock Broking Pvt. Ltd.) provide liquidity support. Allottees who wish to sell on listing day should place sell orders in the morning once trading begins and monitor the opening price before deciding.

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Conclusion

The Utkal Speciality Industries IPO listing is on June 17 on NSE SME. Issue price Rs 66. GMP Rs 13 implies listing at Rs 79 (+19.7%). Allotment finalised today June 15. Shares credited June 16. Track live Utkal Speciality Industries IPO on Univest.

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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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

When does the Utkal Speciality Industries IPO list and at what price?

Ans. The Utkal Speciality Industries India IPO is scheduled to list on the NSE SME platform on June 17, 2026. The IPO was priced at Rs 62-66 per share (upper price band Rs 66). Based on the pre-listing grey market premium of Rs 13, the expected listing price is approximately Rs 79 per share, representing a potential listing gain of approximately 19.7% over the issue price of Rs 66. The allotment basis was finalised today, June 15, 2026. Shares will be credited to successful allottees’ demat accounts on June 16, and trading begins on NSE SME on June 17, 2026.

What is Utkal Speciality Industries India’s business?

Ans. Utkal Speciality Industries India Limited, incorporated in September 2015 and headquartered in IDCO Food Processing Park, Khurda, Odisha, manufactures paper-based products and packaging materials. The company’s product range includes paper products designed for everyday and special-occasion use, catering to consumer preferences for sustainable and convenient packaging solutions. As of March 31, 2025, the company had 50 employees. The company was originally incorporated as a private limited company and was converted into a public limited company in January 2025 before proceeding with the SME IPO.

What are the Utkal Speciality Industries IPO financials?

Ans. Utkal Speciality Industries India reported revenue of Rs 50.28 crore in FY2025, a 14% increase from Rs 44.15 crore in FY2024. More strikingly, net profit grew 106% from Rs 3.24 crore in FY2024 to Rs 6.68 crore in FY2025, reflecting strong operating leverage. At the upper issue price of Rs 66, the company has a market cap of approximately Rs 81 crore (post-IPO). On FY25 PAT of Rs 6.68 crore, this implies a P/E of approximately 12x, which appears reasonable for a growing packaging company.

Should you buy or sell Utkal Speciality Industries shares on listing day?

Ans. For Utkal Speciality Industries India IPO allottees, the decision to buy or sell on listing day depends on your investment objectives. If the stock opens at or near the GMP-implied Rs 79 (+19.7%), booking profits on listing day is a reasonable approach for investors who applied purely for listing gains. For investors interested in the paper packaging sector and the company’s Odisha-based operations, holding beyond listing day is worth considering given the 106% profit growth in FY2025 and the 14% revenue growth trajectory. Note that NSE SME stocks typically have lower liquidity than mainboard stocks, so be cautious about trying to sell at exactly the listing day high price. This is educational only and not investment advice.

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Author: Ankit Jaiswal
Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.

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