Orkla India IPO Opens Today for Subscription; ₹499.67 Crore Raised from 30 Anchor Investors

Bengaluru, October 29: The Orkla India IPO opened for subscription today and will close on October 31. The public issue, valued at ₹1,667.54 crore, comprises an offer for sale (OFS) of 2.28 crore shares, with no fresh equity issue included. The company has set a price band of ₹695 to ₹730 per share.

The lot size is 20 shares per application, with the minimum investment amount required by a retail investor at ₹14,600 (20 shares), at the upper price band. The lot size investment for sNII is 14 lots (280 shares), amounting to ₹2,04,400, and for bNII, it is 69 lots (1,380 shares), amounting to ₹10,07,400. Share allotment for the Orkla India IPO is expected on November 3, while the company is expected to credit the shares and initiate refunds on November 4. The shares of the company 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.

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.

Orkla India Financial Highlights

Orkla India’s revenue increased by 3% while its profit after tax (PAT) increased by 13% between FY24 and FY25. The company’s total assets were at ₹3,158.20 crore, as of 30 June 2025. This is compared to total assets of ₹3,171.30 crore as of 31 March 2025, ₹3,375.19 crore in FY24, and ₹3,101.96 crore in FY23. Total income for the quarter ended June 2025 was ₹605.38 crore, while it was ₹2,455.24 crore in FY25, ₹2,387.99 crore in FY24, and ₹2,201.44 crore in FY23. Profit after tax was at ₹78.92 crore for June 2025, ₹255.69 crore in FY25, ₹226.33 crore in FY24, and ₹339.13 crore in FY23.

EBITDA was at ₹111.75 crore for June 2025, rising from ₹396.44 crore in FY25, ₹343.61 crore in FY24, and ₹312.44 crore in FY23. Networth stood at ₹1,931.12 crore as of June 2025, compared to ₹1,853.47 crore in FY25, ₹2,201.48 crore in FY24, and ₹2,237.69 crore in FY23. Reserves and surplus were at ₹2,523.56 crore in June 2025, ₹2,445.80 crore in FY25, ₹2,793.35 crore in FY24, and ₹2,227.28 crore in FY23. Total borrowing declined to ₹2.33 crore in June 2025, from ₹3.77 crore in FY24 and ₹34.99 crore in FY23.

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