Orkla India Limited is a subsidiary of the Norwegian company ASA. It is a multi-category Indian food company that manufactures and sells food products, like ready-to-eat meals, spices, breakfast mixes, and convenience foods under its popular brands, namely MTR (Mavalli Tiffin Rooms) and Eastern Condiments.
The company is all set to launch its Initial Public Offering (IPO) for public subscription on Wednesday, October 29, 2025. Price band for the issue has been fixed at rupees 695 to rupees 730 per equity share. The window would be open to the public till Friday, October 31, 2025. Anchor investors' bidding is scheduled to take place on Tuesday, October 28, 2025.
Issue size and offer details
Orkla India Ltd. aims to raise rupees 1,667.54 crore through its public offering, which sums up the total valuation at approximately ₹10,000 crore at the upper end of the price band. The IPO is entirely put on an Offer for Sale (OFS) consisting of 2.28 crore equity shares.
The company will itself not receive any proceeds from the issue; the entire amount will be with the selling shareholders, which includes the promoter Orkla Asia Pacific Pte Ltd. (an indirect subsidiary of Orkla ASA), and other shareholders, Feroz Meeran and Navas Meeran.
IPO details for investors
Lot size: Investors can bid for a minimum of 20 equity shares and in multiples of 20 shares thereafter.
Minimum investment: For retail investors, the minimum investment amount is set at ₹14,600, which is 20 shares at the upper price band of ₹730.
Investor quota: 50% for Qualified Institutional Buyers (QIB), 35% for Retail Individual Investors (RIIs), and 15% for Non-Institutional Investors (NIIs).
Allotment date (tentative): Monday, November 3, 2025
Listing date (tentative): Thursday, November 6, 2025
Grey Market Premium (GMP) as of October 24, 2025: approximately ₹70 to ₹ 80 over the upper issue price.
Additionally, a discount of rupees 69 per share is being offered to eligible employees.
Profile and financials
Orkla India Ltd. is a significant company in the Indian packaged foods market, which manages brands like MTR (acquired in 2007) and Eastern Condiments (acquired in 2021), along with Rasoi Magic. The company has a strong presence in segments like spices, condiments, and convenience food, mainly in Southern India. For Q1, ending on March 31, 2025, the company reported a revenue of ₹2,455.24 crore, and Profit After Tax (PAT) of ₹255.69 crore.
The issue of this IPO is being managed by ICICI Securities, Citigroup Global Markets India, JP Morgan India, and Kotak Mahindra Capital Company, with Kfin Technologies serving as the registrar.
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