Utkal Speciality IPO lists on NSE SME at ₹66 unchanged
Business
Utkal Speciality Industries India Limited, which manufactures paper-based products and packaging materials, just listed its IPO on the NSE SME platform at ₹66 per share, the same as its issue price.
So if you were hoping for a quick profit on listing day, there weren't any instant gains this time around.
Utkal IPO ₹35Cr subscribed 1.6x
The ₹35 crore IPO was subscribed 1.6 times overall from June 10-12, with retail investors showing the most interest (2.1 times).
The money raised will help Utkal buy new machinery for its Odisha plant, pay off debts, and cover working capital needs, so it's all about fueling future growth rather than cashing out now.