The public offering of Orkla India Ltd witnessed a robust response with an overall subscription of 40.27 times on the final day of bidding.
At 3.24 pm, the qualified institutional buyers (QIB) portion was oversubscribed by 91.54 times, non-institutional investors (NIIs) subscribed 52.21 times, the retail segment came in at 5.96 times. The employee portion secured 13.61 times subscription.
The ₹1,667 crore was launched at a price band of ₹695 and ₹730 per share, and a lot size of 20 shares. It was entirely an offer for sale (OFS) of 2.28 crore equity shares by the promoter and other shareholders, with no fresh issue component.
Under the OFS, promoter Orkla Asia Pacific Pte and shareholders — Navas Meeran and Feroz Meeran — will offload shares. At present, promoters Orkla Asia Pacific Pte. Ltd and Norwegian industrial investment company Orkla ASA hold 90 per cent stake, and Navas Meeran and Feroz Meeran own 5 per cent stake each in the company.
The company will not receive any of the proceeds; funds will go directly to the selling shareholders.
Ahead of the public offer, Orkla India mobilised around ₹500 crore from anchor investors.
Orkla India, formerly known as MTR Foods, is a multi-category food company anchored in strong regional brands such as MTR, Eastern and Rasoi Magic.
Several brokerages such as Mehta Equities, Anand Rathi, Reliance Securities, AUM Capital and Angel One have expressed an overall positive outlook on the IPO, recommending a ‘subscribe’ rating.
will be propelled by category diversification, wider pan-India distribution, continued product innovation, expanding exports, and operational synergies across its consolidated brand portfolio — all supported by a debt-free balance sheet and strong return ratios.
However, while Orkla India’s robust portfolio of legacy food brands and its positioning in a rapidly expanding packaged foods market make it an attractive long-term play,
The shares will likely debut on NSE and on November 6, 2025.