Upcoming IPO: Orkla India IPO to Open on October 29 - Check Issue Size & Key Details

Orkla India Limited, the parent company of MTR and Eastern, is launching its Initial Public Offering (IPO) on October 29, 2025. The company is a multi-category Indian food company that offers over 400 products across Spices (including blended and pure spices) and Convenience Foods (including ready-to-cook (“RTC”) and ready-to-eat (“RTE”) foods).

The bidding window for the Orkla India IPO will be open till October 31, 2025, for public subscription. The allotment process is expected to be finalised on November 3, 2025, and the company’s shares will be listed on both BSE and NSE. The tentative listing date is fixed as November 6, 2025.

Orkla India - IPO Details

Orkla India will be a bookbuilding of ₹1,667.54 crore. The issue consists entirely of an offer for sale of 2.28 crore equity shares of face value of ₹1 each. The issue price band is set at ₹695 to ₹730 per share. The lot size for an application is 20 shares, and the minimum investment required by a retail investor is ₹14,600 (20 shares) based on the upper price.

According to the DRHP, Orkla Asia Pacific is the promoter selling shareholder, while Navas Meeran and Feroz Meeran are other selling shareholders.

ICICI Securities Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited are the book-running lead managers, and KFin Technologies Limited is the registrar for the Orkla India IPO.

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Utilisation of Proceeds

The Company will not receive any proceeds from the Offer (the “Offer Proceeds”), and the Offer Proceeds will be received by the Selling Shareholders after deduction of Offer-related expenses and relevant taxes thereon, to be borne by the Selling Shareholders.

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About Orkla India Limited

Orkla India Limited is a multi-category Indian food company operating under the Norwegian-based Orkla ASA. It brings together heritage brands such as MTR Foods, Eastern Condiments and Rasoi Magic, offering a wide portfolio of spices, masalas, ready-to-eat meals, breakfast mixes and convenience foods. The company is organised into three business units: MTR, Eastern and International Business, and exports to over 40 countries.

Financially, in FY 2025 (year ended March 31, 2025), Orkla India reported a revenue of about ₹2,455.24 crore, compared to ₹2,387.99 crore in FY 2024. Its net profit (PAT) stood at ₹255.69 crore, compared to ₹226.33 crore the previous year, implying a profit margin of roughly 10.7%.

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