IPO Utkal Speciality Industries India Ltd

 Utkal Speciality Industries India Ltd

₹2,48,000.00

 / 4000 shares

RHP PDF

For Utkal Speciality Industries IPO, eligible investors can apply as Individual investor.

Apply as Individual investor

Price is ₹62 - ₹66. Apply between ₹2,00,000 - ₹5,00,000

Qualified Institutional Buyers

0.00x

Non-Institutional Investor

0.45x

Retail Individual Investor

0.49x

Total

0.47x

IPO open date

10 Jun

IPO close date

12 Jun

Allotment date

15 Jun

Funds unblock or debit

15 Jun

Tentative listing date

17 Jun

Utkal Speciality Industries India Limited is engaged in the manufacturing of paper-based products and packaging materials. Its product portfolio includes paper plates, paper cups, paper glasses, paper bowls, tissue papers, pizza and sweets boxes, and wrap papers used across food service and packaging applications. The company also generates a small portion of its revenue from trading activities, including polyethylene and corrugated boxes, and undertakes contract manufacturing services for select customers involving extrusion coating of paper supplied by clients. The company serves both business-to-business (B2B) and business-to-consumer (B2C) customers, including manufacturers, retailers, cloud kitchens, and other businesses. It operates across 15 states in India, with a significant presence in Odisha and West Bengal. While the company previously exported products to countries such as Iraq and Algeria, it currently focuses on the domestic market. Its operations are primarily centered on supplying paper-based products and packaging solutions to a diverse customer base. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding incremental working capital requirements of the company — Rs 5.31 crore Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company — Rs 11 crore Funding capital expenditure requirements towards purchase of machinery for the new manufacturing facility at Khurda, Odisha — Rs 9.60 crore General corporate purposes To meet the offer-related expenses