NSE List Price : ₹66.00

subscription

Category	Times
QIBs	1.12x
HNIs	1.07x
Retail	2.1x
Total : 1.69x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	4,000	₹264,000
Retail Maximum	2	4,000	₹264,000
S-HNI Minimum	3	6,000	₹396,000
S-HNI Maximum	7	14,000	₹924,000
B-HNI Minimum	8	16,000	₹1,056,000

About the Company

Utkal Speciality Industries India, established on September 1, 2015, is engaged in the production of paper-based products and packaging solutions. The company manufactures a diverse range of products that cater to both practical and visual requirements, including paper plates, cups, glasses, dosa plates, bowls, tissues, pizza boxes, sweet boxes, and wrapping paper for various industries.

The company provides eco-friendly and user-friendly paper products suitable for everyday use as well as special occasions. Its packaging materials and paper products serve a broad customer base, ranging from small-scale manufacturers to retailers. The company operates an integrated manufacturing facility strategically located along the Kolkata–Chennai highway, enabling efficient and streamlined production processes.serve a broad customer base, ranging from small-scale manufacturers to retailers. The company operates an integrated manufacturing facility strategically located along the Kolkata–Chennai highway, enabling efficient and streamlined production processes.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹46.23	₹43.26	₹2.21	₹35.27
2024	₹44.15	₹39.75	₹3.24	₹37.60
2025	₹50.28	₹41.49	₹6.68	₹44.04
Dec 2025	₹40.90	₹33.57	₹5.48	₹48.63

Company Promoter

Mr. Akash Agrawal

Mrs. Meena Agarwal

Mr. Manoj Agarwal

Know before investing

• • Strengths

  Extensive Product Range (200+ SKUs): The company offers a portfolio of more than 200 paper-based packaging products in various dimensions, designs, and specifications. This broad product mix allows it to cater to the varied needs of customers across multiple industries and market segments.

  Comprehensive In-House Manufacturing Facility: The company manages a fully integrated production process that includes raw material preparation, coating, printing, slitting, die-cutting, forming, quality inspection, and final packaging. Its 84,000 sq. ft. facility supports efficient operations, consistent product standards, improved cost management, operational adaptability, and reliable order fulfillment.

• • Risks

  Exposure to the Paper Products Market: The company derives a considerable portion of its income from paper-based products. Any reduction in market demand, evolving customer preferences, intensifying competition, or changes in regulatory policies could have an adverse effect on its revenue and profitability.

  High Working Capital Requirements: The company's operations are working capital intensive, with significant funds required for maintaining inventory levels and procuring raw materials. Any constraints in obtaining sufficient working capital may affect operational efficiency, timely execution of orders, and future business expansion.

Objects of the Issue & Utilisation of proceeds

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.

Company  Address

Utkal Speciality Industries India Ltd.
IDC0 Plot No. I/5/B,
Food Processing Park,
Khurda,
Khurda, Odisha, 752057
Phone: +91 90401-34060
Email: compliance@utkalspeciality.com
Website: http://www.utkalspeciality.com/

IPO Registrar

Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

IPO Review

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