The Orkla India IPO, which opened on October 29, 2025, closes today, October 31, 2025, presenting investors with their last chance to participate in this ₹1,667 crore public offering. The IPO is entirely an offer for sale (OFS) of 2.28 crore equity shares, with the price band fixed at ₹695 to ₹730 per share. Here's a comprehensive overview to aid potential investors in making an informed decision.
Subscription Status
By the end of the second day of bidding, October 30, 2025, the Orkla India IPO was subscribed 2.70 times. The retail portion was booked 2.11 times, while the Non-Institutional Investors (NII) category saw a subscription of 7.59 times. Qualified Institutional Buyers (QIBs) showed relatively lower interest, with their portion subscribed only 6%. The employee portion was subscribed 6.20 times. On the final day, October 31, 2025, the IPO has been subscribed 2.13 times so far. Retail investors have booked the issue 1.10 times, while the employee section saw huge interest, subscribing to the IPO almost 4 times. The NIIs have subscribed to it 2.13 times.
Grey Market Premium (GMP)
The grey market premium (GMP) for Orkla India IPO is ₹70 today. This indicates that the shares are trading at ₹70 above the issue price of ₹730, signaling a premium of approximately 9.59%. Based on this GMP, the estimated listing price for Orkla India shares is around ₹800. However, it's crucial to remember that GMP is speculative and doesn't guarantee listing gains.
IPO Details
The Orkla India IPO aims to raise ₹1,667.54 crores through an offer for sale of 2,28,43,004 equity shares. The price band is ₹695 to ₹730 per share, with a face value of ₹1. The minimum order quantity is 20 shares, requiring an investment of ₹14,600 at the upper price band. The IPO opened on October 29, 2025, and closes on October 31, 2025. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The tentative listing date is November 6, 2025.
Offer for Sale (OFS)
The IPO is entirely an offer for sale, meaning the company will not receive any proceeds from the issue. The funds will go to the selling shareholders, including Orkla Asia Pacific Pte Ltd (the promoter), Navas Meeran, and Feroz Meeran.
About Orkla India
Orkla India, formerly known as MTR Foods, is a leading Indian multi-category food company with a portfolio spanning spices, ready-to-eat meals, sweets, and breakfast mixes. Their popular brands include MTR, Rasoi Magic, and Eastern. As of June 30, 2025, Orkla India has a wide distribution network, with 834 distributors and 1,888 sub-distributors across 28 states and six Union Territories. The company also partners with 42 modern trade partners and six e-commerce and quick commerce platforms. A substantial portion of Orkla India's revenue comes from South India.
Financial Performance
Orkla India has demonstrated steady growth, with a revenue of ₹2,394 crore in FY25. 79% of this revenue comes from India. The company boasts an EBITDA margin of 16.6% and a profit margin of 10.7% (₹255 crore). Between FY22 and FY25, Orkla India achieved an EBITDA CAGR of 18.6%. The company's ROCE stands at 32.7%, indicating efficient utilization of investments.
Key Dates
- IPO Open Date: October 29, 2025
- IPO Close Date: October 31, 2025
- Allotment Finalization: November 3, 2025
- Refund Initiation: November 4, 2025
- Demat Credit: November 4, 2025
- Listing Date: November 6, 2025
Recommendation
Analysts at Anand Rathi Research suggest that the IPO is fully priced and recommend a "Subscribe - Long Term" rating. Choice Broking also recommends "Subscribe", noting that Orkla India is trading at a discount relative to its peer group.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
