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Orkla India IPO is a bookbuilt issue of Rs 1,667.54 crore. This issue is entirely an offer for sale of 2.28 crore shares with no fresh issue.
The IPO opens for subscription on October 29, 2025, and closes on October 31, 2025. The allotment is expected to be finalized on Monday, November 3, 2025. The price band for the IPO is set at ₹695 to ₹730 per share, and the minimum lot size for an application is 20 shares.
Company Summary
Incorporated in 1996, Orkla India Limited is an Indian food company, offering a diverse range of food products, from breakfast to lunch and dinner, snacks, beverages, and desserts.
It has a collection of iconic Indian heritage brands – MTR Foods, Eastern Condiments, and Rasoi Magic
- MTR Foods– Instant mixes, ready-to-eat meals, masalas, breakfast mixes, snacks & beverages such as Spices, RTC foods, RTE foods, vermicelli, etc.
- Eastern Condiments– Spices and convenience foods.
The company serves customers across the country with a significant presence in core markets: Karnataka, Kerala, Andhra Pradesh, and Telangana. Further, it also exports products to about 42 countries, such as the GCC countries, the US, and Canada
As of June 30, 2025, it has over 400 products across categories. In fiscal 2025, the company has sold 2.3 million units on average every day.
It manufactures goods across manufacturing facilities in India as well as contract manufacturing facilities in India and in the UAE, Thailand, and Malaysia. As of March 31, 2025, the company owns 9 manufacturing facilities in India, with a total installed capacity of 182,270 TPA.
The company has a strong network distribution with 834 distributors and 1,888 sub-distributors across 28 states and 6 union territories.
Company Strengths
- Category market leader with the ability to build and scale household food brands through an in-depth understanding of local consumer tastes
- Multi-category food company with a focus on product innovation
- Extensive distribution infrastructure with a deep regional network and a wide global reach
- Large-scale manufacturing with stringent quality control and a robust supply chain
- Experienced management team supported by strong global parentage
- Strong business model with a track record of delivering profitable growth
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 3,158.2 | 3,171.3 | 3,375.19 | 3,101.96 |
| Total Income | 605.38 | 2,455.24 | 2,387.99 | 2,201.44 |
| Profit After Tax | 78.92 | 255.69 | 226.33 | 339.13 |
| EBITDA | 111.75 | 396.44 | 343.61 | 312.44 |
| Net Worth | 1,931.12 | 1,853.47 | 2,201.48 | 2,237.69 |
| Reserves and Surplus | 2,523.56 | 2,445.8 | 2,793.35 | 2,227.28 |
| Total Borrowing | 2.33 | – | 3.77 | 34.99 |
| Amount in ₹ Crore | ||||
Objectives of the IPO
- Fees and commissions payable to the Book Running Lead Managers (including any underwriting commission, brokerage, and selling commission)
- Advertising and marketing expenses for the Offer
- Fees payable to the Registrar for the Offer
- Commission/processing fee for SCSBs, Sponsor Bank(s), and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs, and CDPs
- Printing and distribution of the Offer stationery
- Other expenses, including listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees, and other regulatory expenses
- Fees payable to other intermediaries to the Offer, including but not limited to Statutory Auditor, independent chartered accountant, practicing company secretary, and industry data provider.
- Fee payable to legal counsel
- Miscellaneous
Promoters of the company
Orkla ASA, Orkla Asia Holdings AS, and Orkla Asia Pacific Pte Ltd are the company promoters.
IPO Details
| IPO Date | October 29, 2025 to October 31, 2025 |
| Listing Date | November 6, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹695 to ₹730 per share |
| Lot size | 20 shares |
| Total Issue size | 2,28,43,004 shares (aggregating upto ₹1,667.54 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 13,69,89,230 shares |
| Share Holding Post Issue | 13,69,89,230 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs, and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 20 | ₹14,600 |
Retail (Max) | 13 | 260 | ₹1,89,800 |
S-HNI (Min) | 14 | 280 | ₹2,04,400 |
S-HNI (Max) | 68 | 1,360 | ₹9,92,800 |
B-HNI (Min) | 69 | 1,380 | ₹10,07,400 |
Allotment Schedule
| Basis of Allotment | Mon, 3 Nov, 2025 |
| Initiation of Refunds | Tue, 4 Nov, 2025 |
| Credit of Shares to Demat | Tue, 4 Nov, 2025 |
| Tentative Listing Date | Thu, 6 Nov, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 31, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
To check allotment, click here
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