The initial public offering (IPO) of Orkla India Limited opened for subscription today and will remain open until October 31. The Indian packaged food and marketing company, known for its iconic brands MTR and Eastern, has set a price band of ₹695 to ₹730 per equity share.
The company aims to raise ₹1,667.54 crore entirely through an Offer for Sale (OFS) route. The issue will be listed on both the BSE and NSE.
Meanwhile, the stock is attracting strong interest in the grey market, where shares are currently trading at a premium of ₹108, indicating steady investor enthusiasm ahead of the listing. The Orkla India IPO GMP may rise further if the bullish sentiment on Dalal Street continues through the week.
GMP: ₹108 per share, according to grey market reports.
Price band: ₹695–₹730 per equity share.
Issue size: ₹1,667.54 crore (100% Offer for Sale).
Issue dates: October 29–31, 2025.
Lot size: 20 shares per lot.
Registrar: KFin Technologies.
Lead managers: ICICI Securities, Citigroup Global Markets India, JP Morgan India, and Kotak Mahindra Capital.
Likely allotment date: November 1, 2025 (or November 3 if delayed).
Expected listing date: November 6, 2025, as November 5 is a market holiday for Prakash Gurpurb.
Rajan Shinde of Mehta Equities believes Orkla India offers investors an opportunity to participate in a market-leading packaged food and spices company with dominant positions in South India.
He highlighted Orkla India’s strong brand portfolio, including MTR and Eastern, its 31–42% market share in key southern states, and an 18.6% national share in convenience foods. The company also has a diversified portfolio of over 400 products, a flexible asset-light manufacturing model, and a growing international presence across the GCC, US, and emerging Asian markets.
“Despite moderate revenue growth — 8.4% in FY2024 and 1.6% in FY2025 — net profit rose 13% in FY2025, following a 33% fall the previous year. At the upper price band, the valuation of around ₹10,000 crore implies a P/E of 31.7x, which seems reasonable given its market leadership and brand strength,” said Shinde.
He assigned a ‘Subscribe’ rating for long-term investors, while flagging the 100% OFS as a concern for new investors.
Avinash Gorakshkar, a stock analyst, agreed that while the company’s fundamentals are strong, the fully priced valuation and complete OFS could deter some investors.
“Those with a high-risk appetite can apply, but conservative investors may want to wait and watch,” he noted.
(By arrangement with livemint.com)