Rupix

Orkla India IPO

Orkla India came to market through an IPO that opened on 29 October 2025 and closed on 31 October 2025, and the shares listed on 6 November 2025 on BSE, NSE. The price band was ₹695 to ₹730 per share and one lot was 20 shares, so the minimum application was ₹14,600. The issue size was ₹1667.54 crore. The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company.

Kfin Technologies Ltd was the registrar to the issue, and ICICI Securities Ltd, Citigroup Global Markets India Pvt.Ltd, JP Morgan India Pvt.Ltd, Kotak Mahindra Capital Co.Ltd were the lead managers.

Issue details

Issue type
Book Built Issue
Price band
₹695 to ₹730
Lot size
20 shares
Minimum investment
₹14,600
Face value
₹1 per share
Issue size
₹1667.54 crore
Offer for sale
2,28,43,004 shares (aggregating up to ₹1667.54 crore)
Listing at
BSE, NSE
Registrar
Kfin Technologies Ltd
Lead managers
ICICI Securities Ltd, Citigroup Global Markets India Pvt.Ltd, JP Morgan India Pvt.Ltd, Kotak Mahindra Capital Co.Ltd
Promoter holding before the issue
90.0%
Promoter holding after the issue
75.0%

Timeline

Opens
29 October 2025
Closes
31 October 2025
Allotment
3 November 2025
Listing
6 November 2025

Subscription status by day

As of 31 October 2025.

Day
1
2
3

Listing day and after

Issue price
₹730
Listed on
6 November 2025

About Orkla India

Orkla India Limited is a food company based in India, providing a wide variety of food items, from breakfast to lunch and evening meals, snacks, drinks, and sweets. It boasts a portfolio of iconic Indian heritage brands - MTR Foods, Eastern Condiments, and Rasoi Magic MTR Foods – Instant food mixes, ready-to-eat foods, masalas, breakfast food mixes, snacks & drinks like Spices, RTC foods, RTE foods, vermicelli, etc.

Eastern Condiments – Spices and convenience foods The company caters to customers nationwide with signifcant representation in core markets; Karnataka, Kerala, Andhra Pradesh and Telangana. Additionally, it also exports products to approximately 42 nations including GCC countries, US, and Canada. It has more than 400 products in categories as of March 31, 2024. In fiscal year 2025, the company has averaged a sale of 2.3 million units per day.

It produces products through manufacturing facilities in India and contract manufacturing facilities in India and in the UAE, Thailand and Malaysia. The company has 9 Indian manufacturing facilities as on March 31, 2025 with a total installed capacity of 182,270 TPA. The company has a comprehensive network distribution with 843 distributors and 1,800 sub-distributors covering 28 states and five union territories.

As described in the offer document.

Objects of the issue

  • Sell upto 2,28,43,004 equity shares of the selling shareholders of the company.
  • Issue related expenses.

Strengths

  • Category Leadership & Strong Brand Equity: A market leader in South India’s packaged spices segment, driven by trusted brands like MTR and Eastern, which cater to both vegetarian and non-vegetarian cuisines and enjoy deep consumer trust and strong market share.
  • Multi-Category Innovation Focus: A diversified food company emphasizing continuous product innovation, introducing convenient and modern formats like Minute Fresh Batters, 3-Minute Breakfast, and Wok N Roll to meet evolving consumer preferences.
  • Robust Distribution & Market Reach: Backed by an extensive distribution network across India and abroad, with over 843 distributors, 1,800 sub-distributors, and strong brand penetration in over two-thirds of retail outlets in key southern markets.

Risks

  • Raw Material & Packaging Price Volatility: Fluctuations in prices of key raw materials like chilli, coriander, turmeric, wheat, and cumin, or packaging items such as laminates and metal containers, can impact production costs and profitability.
  • Product Quality & Contamination Risks: Any improper processing, storage, or contamination of raw materials or finished goods could harm the company’s reputation, invite regulatory action, and affect financial performance.
  • Manufacturing Disruptions: Dependence on nine manufacturing facilities exposes the company to risks from power shortages, labour issues, natural disasters, or accidents, which may disrupt operations and reduce output.

Financials (₹ crore)

Metric30-Jun-2531-Mar-2531-Mar-2431-Mar-23

Listed peers

Orkla India
RoNW 13.8%%
Tata Consumer
RoNW 6.4%%

Orkla India raises Rs 500 crore through anchor book before Rs 1,668-crore IPO. Institutional investors that subscribed to the anchor book included Nippon Life India, Aditya Birla Sun Life AMC, Ashoka WhiteOak, Nomura Funds, Government Pension Fund Global, Jupiter Global Fund, Pinebridge Global Funds, Baroda BNP Paribas MF, LIC MF, and Edelweiss. Tata Investment Corporation, Bajaj Finserv MF, Aurigin Master Fund, Viridian Asia Opportunities Master Fund, Societe Generale, and Copthall Mauritius Investment also made an investment in the company.

Promoters

Orkla Asa, Orkla Asia Holdings As, Orkla Asia Pacific Pte Ltd. Promoter holding 90.0% before the issue and 75.0% after.

Application sizes

Retail (min)
1 lot, 20 shares, ₹14,600
Retail(max)
13 lots, 260 shares, ₹1,89,800
sHNI(min)
14 lots, 280 shares, ₹2,04,400
sHNI(max)
68 lots, 1360 shares, ₹9,92,800
bHNI(min)
69 lots, 1380 shares, ₹10,07,400

Valuation

EPS Pre IPO
₹18.67
EPS Post IPO
₹23.04
P/E Pre IPO
39.11
P/E Post IPO
31.68
ROE
32.7%
RoNW
13.8%
PAT Margin
10.7%
Price/Book
5.40
Market Cap
₹1,667.54 cr

Registrar and allotment status

Registrar
Kfin Technologies Ltd
Allotment status
https://ipostatus.kfintech.com/
Phone
04067162222, 04079611000
Email
orklaindia.ipo@kfintech.com

Work out the listing gain for this IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the Orkla India IPO

What is Orkla India IPO?

Orkla India IPO was a ₹1,667.54 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹695–₹730 per share with a lot size of 20 shares (₹14,600). The IPO was open from October 29 to October 31, 2025 and was subscribed 48.73x. Shares listed on BSE and NSE on November 6, 2025 at ₹750.10, a 2.8% premium to the issue price of ₹730. Kfin Technologies Ltd is the registrar.

ICICI Securities Ltd and 3 other book running lead managers manage the issue.

What is the price band of Orkla India IPO?

The price band of Orkla India IPO is ₹695 to ₹730 per share.

What is the lot size of Orkla India IPO?

The lot size of Orkla India IPO is 20 shares.

What is the minimum investment for Orkla India IPO?

The minimum investment for Orkla India IPO is approximately ₹14,600 based on the upper price band.

What is the allotment date of Orkla India IPO?

The allotment date of Orkla India IPO is Nov 3, 2025.

What was the GMP of Orkla India IPO before listing?

Orkla India IPO's final recorded GMP before listing was ₹67 per share (a 9% premium over the ₹730 upper price band). The shares listed at ₹750.1. GMP is unofficial and does not forecast or guarantee the actual listing price.

How has Orkla India IPO share price performed since listing?

Orkla India IPO listed on Nov 6, 2025. It was issued at ₹750.1(NSE) and is currently around ₹518.00 as on 2-Nov-2026 3:30 PM, which is approximately -29.0% versus issue price. The 52-week high is ₹760.00.

How to check Orkla India IPO allotment status?

You can check Orkla India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Orkla India IPO allotment status on Rupix for quick and easy access.

What was the price band of the Orkla India IPO?

₹695 to ₹730 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the Orkla India IPO?

One lot was 20 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,600.

What was the minimum investment in the Orkla India IPO?

₹14,600, for one lot of 20 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the Orkla India IPO open and close?

It opened on 29 October 2025 and closed on 31 October 2025.

When was the allotment of the Orkla India IPO?

The basis of allotment was published on 3 November 2025 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.

When did Orkla India list on BSE, NSE?

The shares listed on 6 November 2025 on BSE, NSE.

How large was the Orkla India IPO?

The issue size was ₹1667.54 crore. The offer for sale was 2,28,43,004 shares (aggregating up to ₹1667.54 crore).