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IPO Synopsis

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IPO

Utkal Speciality Industries India Ltd
Initial public offer of 52,34,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Utkal Speciality Industries India Limited ("The Company" or "The Issuer") of which fresh issue of 52,34,000 equity shares for cash at a price of Rs. 66 per equity share, Including Share Premium of Rs. 56 Per Equity Share) ("Offer Price"), aggregating to Rs. 34.54 Crore ("The Offer"), of which 2,64,000 equity shares of face value of Rs. 10/- each for cash at an offer price of Rs. 66 per equity share, aggregating to Rs. 1.74 Crore will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e., Offer of 49,70,000 equity shares of face value of Rs. 10/- each for cash at an offer price of Rs. 66 per equity, aggregating to Rs. 32.80 Crore is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.79% and 25.44%, respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 66 per equity share of face value of Rs. 10/- each. The floor price is 6.6 times the face value of the equity shares. Bids can be made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.
Issue
Opens On Closes On
10-Jun-26 12-Jun-26
Money Payable On
Application Allotment
66.00 0.00
Minimum Application for shares in Nos : 4000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 30.80 Affinity Global Capital Market Private Limited
Project Financed through Current Offer (.Cr) 34.54  
Post Issue Equity Share Capital (.Cr) 19.53
Issue Price () 66.00
Projects
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 its new manufacturing facility
General Corporate Purposes
Promoted By
Akash Agrawal
Meena Agarwal
Manoj Agarwal
Listing At
NSE - SME
Registrar to the Issue
Cameo Corporate Services Ltd