Who C͏an ͏Apply in the Upcoming Ork͏la ͏IPO? Retail vs HNI͏ vs QI͏B Investo͏r͏ Rules Explaine͏d

Mumbai, 28 October 20͏25͏: T͏h͏e Upcomin͏g O͏rkla͏ IPO, value͏d at ₹1,66͏7.54 crore, will open for subscription͏ on 2͏9 October 202͏5 ͏and close on 31 Oct͏ober 202͏5. With ͏a price͏ band of ₹695–₹7͏30 per ͏share, the͏ i͏ssue compr͏ises an Offer for Sale (OFS) o͏f 2.28 crore shares by promoters O͏rkla ASA, Orkla Asia Hold͏i͏ngs AS, and Orkla͏ Asia Pacific Pte ͏Ltd. The ͏company’s͏ sha͏re͏s are schedu͏led͏ to li͏st on B͏SE and NSE͏ on ͏6 Novemb͏er ͏2025

Orkla India markets over 400 products across 42 international markets, backed by nine manufacturing units in India. Its brands, MTR Foods, Eastern Condiments, and Rasoi Magic, enjoy dominant regional appeal and expanding global presence.

₹1,667 Crore Offer for Sale and a ₹10,000 Crore Valuation Play

The IPO is a pure OFS, meaning proceeds go entirely to the selling shareholders. After the offer, promoter holding will decline from 90.01% to 75%, complying with SEBI’s public float norms.

At the upper price band, the IPO pegs Orkla India’s market capitalisation near ₹10,000 crore, signalling strong investor faith in its established food brands and steady profitability. The pricing range reflects confidence built on the company’s growth in core categories like packaged spices, instant mixes, and ready-to-cook meals.

50-35-15 Allocation Split: How Retail, HNI, and QIB Investors Can Participate

As per SEBI norms, investor allocation in the Orkla IPO 2025 is divided as follows:

• 50% for QIBs (Institutions)
• 35% for Retail Investors
• 15% for HNIs (Non-Institutional)

This three-tier structure ensures participation from both institutional funds and individual investors, giving the issue a balanced demand curve across market segments.

Retail Investors: Minimum ₹14,600 Bid and Cut-Off Price Advantage

Retail participants can apply for up to ₹2 lakh per application. The minimum investment is ₹14,600 for one lot (20 shares), while the maximum is ₹1,89,800 for 13 lots (260 shares).

Unlike HNIs, retail bidders can choose the cut-off price, simplifying the process and ensuring allotment eligibility even in oversubscription. Retail subscription levels will likely indicate how individual investors perceive the FMCG growth potential behind Orkla’s portfolio.

HNI Segment: ₹2 Lakh to ₹10 Lakh Entry and Proportionate Allotment

For HNIs, investments are categorised into:

• Small HNIs (₹2–₹10 lakh): Minimum 14 lots or 280 shares (₹2,04,400).
• Big HNIs (above ₹10 lakh): Minimum 69 lots or 1,380 shares (₹10,07,400).

Given recent enthusiasm among HNIs for consumer IPOs with strong brand equity, demand in this category is expected to provide momentum to overall subscription levels.

QIB Category: Institutional Bids Drive Price Stability

Institutional buyers such as mutual funds, pension funds, and foreign portfolio investors are allocated up to 50% of the total offer. Their participation often validates the IPO’s pricing and provides early signals of post-listing stability. A strong QIB response could anchor confidence ahead of the 6 November 2025 listing.

Subscription and Listing Timeline: Key Dates to Remember

• IPO Opens: 29 October 2025
• IPO Closes: 31 October 2025
• Allotment Finalisation: 3 November 2025
• Refunds & Demat Credit: 4 November 2025
• Listing Date: 6 November 2025

Investors can apply via UPI-based ASBA through SEBI-registered brokers. ICICI Securities Ltd. manages the issue, with Kfin Technologies Ltd. serving as registrar.

The Upcoming Orkla IPO blends established brand strength, stable margins, and a transparent shareholding structure. Its ₹1,667 crore OFS offers entry across investor categories-retail, HNI, and institutional, at a time when India’s packaged food sector is on a sustained growth trajectory.

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