Orkla India IPO Subscription Status : IPO Subscribed 5.85 Times by Mid-day On its Last Day of Bidding

Bengaluru, October 31: The Orkla India IPO is witnessing a strong demand across investor categories on its final day of bidding. As of 11:50 AM, The subscription status of the Orkla India IPO stood at an impressive 5.85 times, with bids received for 9,35,27,660 shares against 1,59,99,104 shares on offer.”

The Orkla India IPO has seen strong demand from Non-Institutional Buyers, who have subscribed 19.13 times, receiving bids for 6,54,64,820 shares against 34,21,951 shares on offer. The employee quota has also attracted solid interest, seeing a subscription status of 8.66 times with 2,59,820 bids for 30,000 shares available. Among retail investors, the IPO has been seeing a subscription status of 3.35 times, with bids for 2,67,23,560 shares against 79,84,551 shares on offer. However, Qualified Institutional Buyers (QIBs) have shown comparatively lower participation, subscribing 0.24 times, with 10,79,460 bids against 45,62,602 shares on offer.

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.

Key Details About Orkla India IPO

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. 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. ICICI Securities Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar of the issue.

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 grew 3% while its profit after tax (PAT) grew 13% between FY24 and FY25. The company’s total assets stood 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.

What Lies Ahead For Orkla India?

Orkla India IPO has entered its last day of bidding and is witnessing heavy investor demand, especially from retail investors. With strong financials, it is expected that the company will list above its issue price. Share allotment for the Orkla India IPO is expected on November 3. The company is expected to 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.

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