Utkal Speciality IPO Subscribed 1.60 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 12th June 2026 - 05:43 pm
Utkal Speciality Industries India Limited's initial public offering (IPO) closed its three-day subscription window at 1.60 times overall subscription by 5:04 PM on Day 3 (June 12, 2026). The ₹34.54 crore book-build issue, priced at ₹62 to ₹66 per share, received bids for 81,12,000 shares against 50,70,000 shares on offer, with total applications reaching 1,676.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Utkal Speciality IPO
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (June 10) | 0.00 | 0.43 | 0.29 | 0.34 |
| Day 2 (June 11) | 1.12 | 0.47 | 1.10 | 0.84 |
| Day 3 (June 12) | 1.12 | 0.89 | 2.10 | 1.60 |
Here are the subscription details for Utkal Speciality IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 2,64,000 | 2,64,000 | 1.74 |
| QIB (Ex-Anchor) | 1.12 | 50,000 | 56,000 | 0.37 |
| NII | 0.89 | 20,68,000 | 18,48,000 | 12.20 |
| Individual Investors | 2.10 | 29,52,000 | 62,08,000 | 40.97 |
| Total | 1.60 | 50,70,000 | 81,12,000 | 53.24 |
Key Highlights – Day 3
- Overall subscription reached 1.60 times, improving from Day 2's 0.84 times, driven by a sharp final-day improvement in individual investor demand.
- Individual investors led at 2.10 times, improving from Day 2's 1.10 times, reflecting strong retail demand for this paper-based packaging SME IPO.
- Non-institutional investors improved to 0.89 times from Day 2's 0.47 times, with bNII at 0.89 times and sNII at 0.90 times, remaining just below full subscription.
- Qualified institutional buyers (ex-anchor) held steady at 1.12 times, unchanged from Day 2.
Key Highlights – Day 2
- Overall subscription reached 0.84 times, improving from Day 1's 0.34 times.
- Individual investors crossed full subscription at 1.10 times, improving from Day 1's 0.29 times.
- Qualified institutional buyers (ex-anchor) crossed full subscription at 1.12 times, entering the issue on Day 2 after no participation on Day 1.
- Non-institutional investors improved marginally to 0.47 times from Day 1's 0.43 times, with bNII at 0.51 times and sNII at 0.38 times.
Key Highlights – Day 1
- Overall subscription reached 0.34 times on Day 1 (June 10, 2026), reflecting subdued initial investor interest in this paper-based packaging SME IPO.
- Non-institutional investors showed the strongest opening participation at 0.43 times, with bNII at 0.57 times and sNII at 0.11 times on Day 1.
- Individual investors showed subdued participation at 0.29 times on Day 1.
- Qualified institutional buyers (ex-anchor) showed no participation on Day 1.
About Utkal Speciality Industries India Limited
ncorporated in September 2015, Utkal Speciality Industries India Limited manufactures paper-based products and packaging materials serving both functional and aesthetic needs across consumer segments. The company operates a fully integrated end-to-end manufacturing unit strategically located on the highway linking Kolkata to Chennai, and serves a wide range of customers including manufacturers and retailers.
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