Highlights: Orkla India closes first trade 5.5% lower from listing price

Orkla India closed the first day of its trading in the red. The shares finished the day 5.5% lower at Rs 709 from its listing price on the National Stock Exchange.

The stocks debuted on a muted note at Rs 750.10, a premium of mere 2.8%, against the issue price of Rs 730 per equity share.

Founded in 1996, Orkla India has established itself as a significant player in India’s packaged food market, owning popular brands such as MTR Foods, Eastern Condiments, and Rasoi Magic that are staples in Indian kitchens.

“We continue to believe that Orkla India, a market-leading packaged food and spices company backed by iconic brands such as MTR and Eastern, presents a compelling long-term structural growth story,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.

The strong response to the issue underscores confidence in the company’s fundamentals and its ability to capitalise on the growing demand for convenience foods across key geographies.

Orkla India plans to sharpen its focus on brand innovation, research and development (R&D) investments, and expanding exports as part of its long-term growth strategy. The company aims to capitalise on India’s rising demand for packaged and convenience foods, while also targeting opportunities in international markets, especially among the Indian diaspora that continues to drive global demand for familiar Indian flavours and products.

“Despite the IPO being a 100% Offer for Sale (OFS), the issue witnessed subscription demand above street expectations, reflecting strong investor interest. While considering the current muted market sentiment, listing was very much flat on the issue price. Decent flat listing give away a great opportunity for long-term investors as we continue to believes that Orkla India, a market-leading packaged food and spices company backed by iconic brands such as MTR and Eastern, presents a compelling long-term structural growth storythe givesbelievelong-term,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.

An hour after listing, Orkla India shares extended their losses, trading at Rs 697.15 on the BSE, down 7.23%, while on the NSE, the stock was quoting at Rs 702.85, lower by 6.39%.

Orkla India shares made a quiet debut on the exchanges today. At this hour post the listing, On the BSE, the stock is trading at Rs 723.20, down 3.77%, while on the NSE, it is trading at Rs 720.50, a decline of 3.95%.

Orkla India made a muted debut on the exchanges. The stock opened at a price of Rs 750.10 on the National Stock Exchange, which is a premium of mere 2.7% to the issue price. The stock is listed at Rs 751.50 on the BSE, 3% higher than the issue price.

Orkla India shares were seen trading at Rs 751.50 in the BSE pre-open session, up Rs 21.50 or 2.95% from the issue price of Rs 730. The

Orkla India shares are scheduled to debut on the stock exchanges on November 6. Trading will begin on both the BSE and NSE from 10:00 AM onwards, allowing investors to start buying and selling shares from the opening of the market on the listing day.

The IPO is all set to trade in the secondary markets. The stock was fetching a grey market premium of 9% ahead of the listing. The stock will be listed on the NSE and BSE. The IPO saw a strong subscription from investors, getting booked 48.74 times. The retailers booked the issue 7.06 times, receiving bids for 5,63,85,840 shares.

In the grey market, the share price of Orkla India is trading at a premium of Rs 66. This indicates a 9% upside from the IPO upper price band.

However it is important to note that GMP is not the official listing price.

ICICI Securities acted as the book-running lead manager for the public issue, while Kfin Technologies is the registrar responsible for handling the allotment and investor-related services.

Orkla India’s shares will make their market debut today, November , on both the NSE and BSE. Trading will begin at 10 AM, and investors will be watching closely to see whether the stock opens with a premium listing or takes a steady start after the strong IPO response.

Since this is a complete Offer for Sale, all proceeds – Rs 1,667.54 crore – will go to the selling shareholders, mainly the promoter group Orkla ASA and its affiliates. The company itself will not receive any funds from the IPO, and no new shares are being issued.

For FY25, Orkla India reported revenue of Rs 2,394.7 crore with an EBITDA margin of 16.6% and PAT margin of 10.7%. The company saw steady growth in its spices and convenience foods categories while maintaining control over operating costs.

Orkla India has a strong foothold in southern India, especially in states like Karnataka, Kerala, Andhra Pradesh, and Telangana. The company distributes its products through 834 distributors and 1,888 sub-distributors, reaching more than 4 lakh retail outlets across the country. Plans are also underway to expand its footprint in northern and western India.

Founded in 1996, Orkla India Limited is among the country’s leading food companies. It owns well-known brands such as MTR Foods, Eastern Condiments, and Rasoi Magic, catering to consumers across India and abroad. The company’s product range includes spices, ready-to-eat meals, sweets, and convenience foods, which are sold both domestically and in over 40 international markets.

The IPO opened on October 29, and closed on October 31, 2025. The basis of allotment was finalized on November 3, while refunds and credit of shares to demat accounts took place on November 4. Orkla India’s shares are scheduled to list on the NSE and BSE on November 6.

Orkla India’s IPO is a Mainboard Offer for Sale (OFS) worth Rs 1,667.54 crore. The company is offering 2.28 crore shares, and since it’s a 100% OFS, no new shares are being issued — existing shareholders are selling their stake. The price band for the issue is set between Rs 695 and Rs 730 per share, with a minimum bid lot of 20 shares.