Orkla India, the parent company of packaged food brands MTR and Eastern, has launched its ₹1,667-crore initial public offering (IPO), open for public subscription from today until October 31. On the first day, the issue was 22% subscribed.
By 10:50 am, bids were placed for 35.49 lakh shares against 1.59 crore shares offered, marking robust investor interest on the first day of subscription.
Retail investors subscribed to 22% of their allocated shares, while non-institutional investors took up 25%. Qualified institutional buyers are yet to begin bidding in the IPO.
In the grey market, Orkla India shares traded at a ₹77 premium, about 10.5% above the issue price, signalling possible listing gains around ₹805–810 per share.
The IPO is entirely an Offer for Sale (OFS) by Norwegian parent Orkla ASA and its affiliates, meaning no new capital will be infused into the company.
The issue is priced between ₹695 and ₹730 per share. Retail investors can bid for a minimum of 20 shares, with listing set for November 6, 2025.
Founded in 1996, Orkla India makes over 400 products, including ready mixes, spices, and snacks. Its MTR and Eastern brands hold strong market shares across South India.
For FY25, Orkla India reported ₹2,455 crore in income and ₹256 crore net profit, with a healthy 16.6% EBITDA margin and 32.7% return on capital employed.
Analysts remain cautiously optimistic about Orkla India’s IPO, citing its strong brands, steady margins, and solid market position. Rajan Shinde of Mehta Equities said its wide product mix and export reach strengthen long-term growth prospects.
