Orkla India IPO Allotment Status Expected Today; Step-by-Step Guide to Check Allotment Status Online

Bengaluru, November 3: Orkla India IPO allotment status is expected to be finalised today. Investors who applied to the Orkla India IPO can check their allotment status by visiting the NSE or BSE portal or through the website of the registrar, which is KFin Technologies.

The ₹1,667.54 IPO of Orkla India is an offer for sale of 0.30 crore shares. The Orkla India IPO price band is set at ₹695 to ₹730 per share. The lot size is 20 shares, with a minimum investment by a retail investor at ₹14,600 (20 shares) at the upper price band.

Orkla India IPO share allotment is expected today, and the company will credit the shares and initiate refunds on November 4. The shares of Orkla India are expected to list on NSE and BSE on November 6. ICICI Securities Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar of the issue.

Orkla India Limited (formerly MTR Foods Pvt. Ltd.) is an Indian company that manufactures and sells packaged food items. It has over 400 products under its operations and is headquartered in Bengaluru, Karnataka. The company is a direct subsidiary of Norway-based Orkla ASA.

How to Check Orkla India IPO Allotment Status

Check Orkla India IPO Allotment Status on NSE

Step 1: Visit https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Step 2: Select ‘Equity & SME IPO bid details.’

Step 3: From the drop-down menu, choose ‘Orkla India Limited.’

Step 4: Enter your PAN Number and Application Number.

Step 5: Click ‘Submit’ to view the allotment result.

Check Orkla India IPO Allotment Status on BSE

Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx

Step 2: Under ‘Issue Type,’ select Equity.

Step 3: Choose ‘Orkla India Limited’ from the drop-down list.

Step 4: Enter your Application Number and PAN.

Step 5: Click on ‘I am not a Robot’, then click ‘Search’ to see the allotment status.

Check Orkla India IPO Allotment Status via KFin Technologies (Registrar)

Step 1: Visit https://ipostatus.kfintech.com/

Step 2: Select ‘Orkla India Limited IPO’ from the dropdown list.

Step 3: Choose your preferred identification option PAN, Application Number, or DP/Client ID.

Step 4: Enter the selected details accurately.

Step 5: Click on ‘Submit’ to view your allotment status.

Orkla India IPO Subscription Highlights

The Orkla India IPO witnessed an impressive overall subscription of 48.73 times. Among the categories, Qualified Institutional Buyers (QIBs) led the demand with 117.63 times subscription, followed by Non-Institutional Investors (NIIs) at 54.42 times, Employees at 15.13 times, and Retail Individual Investors (RIIs) at 7.05 times.

Orkla India Raised ₹499.67 Crore From Anchor Investors

Ahead of the IPO, the company raised ₹499.67 crore from anchor investors by allocating 68,43,900 equity shares at ₹730 per share. Key investors included Nippon India Small Cap Fund, Aditya Birla Sun Life Consumption Fund, Ashoka Whiteoak India Opportunities Fund, Nomura Funds Ireland – India Equity Fund, Government Pension Fund, Global Jupiter India Fund, Tata Investment Corporation Ltd, LIC Mutual Fund schemes, and Baroda BNP Paribas Mutual Fund.

What’s Ahead for Orkla India IPO?

Orkla India IPO allotment status on bse is expected to be finalised today, and the shares are expected to list on NSE and BSE on November 6. With strong anchor allocation and subscription status, investors are anticipating a positive listing on November 6.

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