Orkla India IPO Opens: ₹1,667 Crore Offer Sees 20% Subscription on Day 1; GMP at ₹108
- 29th October 2025
- 01:30 PM
- 3 min read
Summary
Orkla India IPO The ₹1,667.54 crore Orkla India IPO opened on October 29 and is entirely an offer for sale (OFS) of 2.28 crore shares by promoter Orkla Asia Pacific Pte Ltd and investors Navas Meeran and Feroz Meeran. In the grey market, the stock is trading at a premium of ₹108 per share.Mumbai | October 29
Orkla India Ltd, the maker of MTR Foods, opened its ₹1,667.54 crore initial public offering (IPO) for subscription on Wednesday, October 29. The three-day issue will close on October 31, 2025, with a price band set between ₹695 and ₹730 per share. The IPO is entirely an offer for sale (OFS) by the company’s promoters and investors, meaning no new capital will be raised for the business. Shares are proposed to list on both the BSE and NSE.
Day 1 Subscription Snapshot
By 12:30 PM on Day 1, the public issue was 20% subscribed, with steady participation across investor categories:
- Retail investors: 27%
- Non-Institutional Investors (NIIs): 30%
- Qualified Institutional Buyers (QIBs): Yet to participate
Market participants expect stronger demand from institutional investors in the final two days of the offer.
Grey Market Premium Steady at ₹108
In the unlisted market, Orkla India shares were trading at a premium of ₹108, indicating a grey market price of around ₹838 per share against the upper issue price of ₹730. The 10–11% premium suggests moderate investor interest, though traders noted that GMP could improve if broader market sentiment remains firm.
Orkla India IPO Details at a Glance
- IPO Size: ₹1,667.54 crore (entirely OFS of 2.28 crore shares)
- Price Band: ₹695–₹730 per share
- Lot Size: 20 shares and multiples thereafter
- Bidding Dates: October 29–31, 2025
- Allotment Date: Likely November 3, 2025
- Listing Date: Expected November 6, 2025
- Registrar: KFin Technologies
- Book Running Lead Managers: ICICI Securities, Citigroup Global Markets India, JP Morgan India, Kotak Mahindra Capital
The company raised ₹499.6 crore in the anchor round, attracting marquee investors such as Nippon India Mutual Fund, LIC Mutual Fund, Aditya Birla Sun Life, Nomura Funds, Jupiter India Fund, and Government Pension Fund Global.
Company Profile and Promoter Shareholding
Orkla India is part of the Norway-based Orkla ASA Group, which holds a 90.01% stake in the company through its Asia entities. Post-issue, promoter holding will reduce to 75% to comply with minimum public shareholding norms. The company, known for its packaged food and beverage brands, operates in a fast-growing Indian food market segment, with strong brand equity through MTR Foods and other regional products.
Market Outlook
Analysts said the issue’s moderate pricing, strong brand recall, and diversified product portfolio could attract steady participation from long-term investors. However, being a pure OFS, no proceeds will flow to the company, and post-listing performance will depend on secondary market sentiment and valuations of listed peers in the FMCG space.
Disclaimer: The Grey Market Premium (GMP) is an unofficial indicator of investor sentiment and is not regulated by SEBI. It should not be considered the sole basis for investment decisions.
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