Three IPOs are opening between June 10 and June 16, with issue sizes ranging from Rs. 34.54 crore to Rs. 70.38 crore.
Susan Electricals reported the strongest financial growth among the three companies, with revenue rising 98% and profit surging 223% in FY26.
Retail investors need a minimum investment of roughly Rs. 2.5 lakh per application, making demand trends and allotment probabilities important factors to monitor.
Finding the right place to invest your hard-earned money can feel tough. With high stock prices and market ups and downs, many investors worry about making a wrong turn. If you want to find fresh growth areas early, the small and medium enterprise sector is blooming.
This week, three new public offers are opening up. They bring a mix of green recycling, electrical parts, and specialty paper packaging. These public offers have specific entry rules. To help you make a clear choice, we break down all the key details, timelines, and financial facts for each company below.
The market action starts early in the week with Utkal Speciality Industries India. This business focuses on making sustainable paper-based products and packaging materials.
The subscription window for this public offer opens on Wednesday, June 10, 2026, and wraps up on Friday, June 12, 2026. The company wants to raise up to Rs. 34.54 crores through a fully fresh share issue of 52,34,000 shares. The price band is set between Rs. 62 and Rs. 66 per share.
For normal retail investors, the minimum order size requires block entry. You must bid for at least 2 lots, which equals 4,000 shares, demanding a minimum investment of Rs. 2,64,000 based on the highest price. Small high-net-worth buyers need to bid for at least 3 lots, or 6,000 shares, which costs Rs. 3,96,000.
Out of the net share public pool, retail buyers get the largest part at 59.40%. Non-institutional buyers get 39.60%, and qualified buyers get 1.01%.
The company shows quick growth. For the year ending March 31, 2026, its asset base grew significantly to Rs. 64.88 crores from Rs. 26.08 crores the year before. Total revenue rose from Rs. 36.39 crores in 2025 to Rs. 50.01 crores in 2026. Net profits also jumped up, hitting Rs. 10.50 crores in 2026 compared to Rs. 7.07 crores in 2025.
Next up is Susan Electricals India, a manufacturer that creates copper and aluminum winding wires, conductors, and heavy power cables for power distribution systems.
This public offer opens on Thursday, June 11, 2026, and closes on Monday, June 15, 2026. The total size reaches up to Rs. 70.38 crores, consisting of a fresh issue of Rs. 60.22 crores and a promoter offer for sale of Rs. 10.16 crores. The price choice ranges from Rs. 120 to Rs. 127 per share.
To participate, retail investors must purchase a minimum of 2 lots, which equals 2,000 shares, costing Rs. 2,54,000 at the upper price cap. Small high-net-worth investors must pick up 3 lots, or 3,000 shares, requiring a starting sum of Rs. 3,81,000.
The company intends to spend its fresh cash to help grow its current factory building in Ghaziabad, allocating Rs. 10.29 crores for this purpose. Another large chunk of Rs. 33.00 crores will support daily operational working capital requirements.
Financially, this business shows stellar performance charts. Its annual revenue jumped by a massive 98%, hitting Rs. 269.96 crores by March 31, 2026, compared to Rs. 136.05 crores in 2025. Net profit shot up even faster by 223%, climbing from Rs. 5.65 crores to Rs. 18.25 crores in the same period.
Also Read: IPO This Week: Merritronix Rs. 70 Crore IPO Opens June 1, CMR Green Rs. 631 Crore Issue Follows
Finishing the weekly lineup is Horizon Reclaim (India). The firm recycles old rubber waste, scrap tyres, and industrial tubes into usable natural and synthetic reclaimed rubber materials.
The bidding opens on Friday, June 12, 2026, and finishes on Tuesday, June 16, 2026. This issue aims to bring in Rs. 54.27 crores through a fresh issue of 52,69,200 shares, using a fixed price range of Rs. 98 to Rs. 103 per share.
Retail investors face a minimum lot entry of 2 lots, or 2,400 shares, matching a financial commitment of Rs. 2,47,200. High-net-worth market buyers must start with 3 lots, totaling 3,600 shares, which costs Rs. 3,70,800. Qualified business buyers get 49.99%, retail individuals get 35.00%, and non-institutional buyers get 15.01%.
The business plans to use its new money primarily to pay off outstanding debt, allocating Rs. 26.70 crores for loan clearance. It will also use Rs. 9.43 crores to buy additional heavy plant machinery, and Rs. 6.00 crores to handle daily operational costs. Financially, its annual revenue climbed by 37% to Rs. 50.01 crores for the year ending March 31, 2026, while its net profit rose by 49% to touch Rs. 10.50 crores.
| Metric Details | Utkal Speciality Industries | Susan Electricals India | Horizon Reclaim India |
|---|---|---|---|
| Bidding Window | June 10 to June 12, 2026 | June 11 to June 15, 2026 | June 12 to June 16, 2026 |
| Share Price Range | Rs. 62 to Rs. 66 | Rs. 120 to Rs. 127 | Rs. 98 to Rs. 103 |
| Total Money Raised | Rs. 34.54 Crores | Rs. 70.38 Crores | Rs. 54.27 Crores |
| Retail Entry Cost | Rs. 2,64,000 | Rs. 2,54,000 | Rs. 2,47,200 |
| Trading Platform | NSE SME | BSE SME | BSE SME |
| 2026 Net Profit (PAT) | Rs. 10.50 Crores | Rs. 18.25 Crores | Rs. 10.50 Crores |
| Return on Equity (ROE) | Data Not Provided | 64.64% | 53.63% |
When planning your bids this week, remember that small business public offers require a larger cash block, usually around Rs. 2.5 Lakhs per application. Since these offers are small, they often get filled fast by eager buyers.
A smart plan is to track the live subscription numbers on day one and day two to see which business has the highest demand. If you want a better chance of getting shares, apply using the highest price in the band, as bidding lower usually means your application gets dropped.
Look at the final allotment schedules carefully. Utkal targets its final listing on June 17, followed by Susan Electricals on June 18, and Horizon Reclaim closing out the cycle on June 19, 2026. This gives you plenty of active options to pick from this week.
Also Read: How to Spot a Strong IPO Opportunity: Easy Guide for Beginners
1. When will Utkal Speciality Industries shares list?
Utkal Speciality Industries is expected to list on June 17, 2026, after the IPO closes on June 12. The company plans to raise Rs. 34.54 crore through a fresh issue. Investors should keep an eye on the allotment announcement before listing day, as strong subscription demand can influence market sentiment and potential listing performance.
Horizon Reclaim India is engaged in recycling waste rubber, scrap tyres, and industrial tubes into reclaimed rubber products. These materials are used in various industrial applications and manufacturing processes. The company plans to use IPO proceeds for debt repayment, machinery purchases, and working capital needs, helping expand its operations and improve efficiency.
Susan Electricals India is scheduled to list on June 18, 2026. The company manufactures copper and aluminium winding wires, conductors, and power cables used in electricity transmission and distribution networks. It is the largest IPO among the three offerings this week, with a total issue size of Rs. 70.38 crore.
Retail investors need to apply for at least 2 lots, or 2,400 shares, in the Horizon Reclaim IPO. Based on the upper price band of Rs. 103 per share, the minimum investment works out to Rs. 2,47,200. Investors should ensure sufficient funds are available in their bank accounts before submitting their applications.
5. What are the SME IPOs opening this week?
Three SME IPOs are opening for subscription this week. Utkal Speciality Industries India opens from June 10 to June 12, Susan Electricals India opens from June 11 to June 15, and Horizon Reclaim India opens from June 12 to June 16. These companies operate in packaging, electrical components, and rubber recycling. All three issues will be listed on SME platforms and target growth-focused investors.
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