Orkla India IPO Fully Subscribed on Day 2 with a Total Subscription of 1.77 Times

Bengaluru, October 30, 2025: Orkla India IPO has been fully subscribed on its second day of bidding so far. As of 1:50 PM, the Orkla India IPO was overall subscribed 1.77 times, with 2,81,42,060 shares bid for, against 1,59,99,104 offered. The ₹1,668 crore IPO of Orkla India is an offer for sale of 2.28 crore shares. The IPO application window will close on October 31.

The Orkla India IPO price band is set at ₹695.00 to ₹730.00 per share. The lot size is 20 shares per application. Minimum investment required by a retail investor is ₹14,600 (20 shares), based on the upper price band. ICICI Securities Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar of the Orkla India IPO.

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.

Orkla India Subscription Details Across Different Categories

As of 1:50 PM, the Orkla India IPO was subscribed 1.77 times. The employees segment subscribed the highest, 5.34 times, bidding for 1,60,320 shares, against 30,000 shares on offer. Non-Institutional Buyers have subscribed 4.28 times, bidding for 1,46,36,540 shares, against 34,21,951 shares on offer. Retail investors have subscribed the issue 1.68 times, bidding for 1,34,29,020 shares against 79,84,551 shares on offer.

Orkla India Raised ₹499.67 Crore from Anchor Investors

Ahead of the IPO, on October 28, Orkla India raised ₹499.67 crore from 30 anchor investors, 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.

Strong investor interest in the Orkla India IPO led to full subscription on the second day of bidding. Robust participation from employees and non-institutional investors (NIIs) has boosted sentiment ahead of the final day. With the issue set to close for bidding tomorrow, market watchers are keen to see the final subscription levels by the end of the day.

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