Utkal Speciality Industries IPO: Check GMP, price band, subscription and other details (opens original article in a new tab)

Utkal Speciality Industries' IPO opens for subscription, aiming to raise Rs 34.5 crore with a price band of Rs 62-66 per share. The IPO has no grey market premium, and the shares are expected to list at the issue price. The proceeds will be used for expansion and debt reduction.

• IPO opens for subscription, raising Rs 34.5 crore through 52.34 lakh shares.
• No grey market premium, shares expected to list at Rs 66 per share.
• Proceeds will be used for expansion, debt repayment, and working capital.
• Retail investors allocated 59.4% of the net issue.