Orkla India IPO GMP, Subscription Status Live Updates: Orkla India IPO opens for subscription on October 29. The IPO price band has been set at Rs 695-730 per equity share. The company will mop up Rs 1,667.54 crore through the issue. It is entirely an offer for sale of 2.28 crore shares.
| Orkla India IPO | Key Details |
| Price Band | Rs 695-730 per share |
| IPO Date | October 29-31 |
| GMP | 10.55% |
| IPO Allotment date | November 03 |
| Listing date | Novemeber 06 |
Orkla India will close the IPO subscription on October 31. The allotment for the Orkla India IPO is expected to be finalised on November 03. The issue is estimated to be listed on BSE and NSE on November 06, as per the tentative schedule.
ICICI Securities is the book-running lead manager for the IPO, and KFin Technologies is working as the registrar of the issue.
About Orkla India
Orkla India is a multi-category Indian food company with operations spanning several decades, offering a diverse range of products that cater to every meal occasion, from breakfast and lunch
to dinner, snacks, beverages and desserts.
The company’s products under the brands MTR, Eastern Condiments, and Rasoi Magic are crafted with authenticity and tradition, and are deeply rooted in the South Indian culinary heritage.
Orkla India IPO Opens for Subscription Live: Follow Live Coverage on Orkla India IPO GMP, Subscription Status, Allotment, Listing Date and More
Orkla India IPO Subscription Status, GMP Live: Valuation outlook
Highlighting the valuation of Orkla India IPO, Angel One pointed out that, that the issue is a 'Subscribe.' According to them, the "Orkla India is valued at a post-IPO P/E of 31.68x, which appears fairly priced considering its diversified product portfolio, strong market presence, and long-term growth visibility.”
You can read more on the financials and analyst outlook on valuations here-
Orkla India IPO Subscription Status, GMP Live: Anand Rathi on Orkla IPO
"At the upper price band company is valuing at P/E of 31.5x to its
FY26 annualized earnings and market cap of Rs 1,00,000 million post issue of equity shares. We believe that the IPO is fully priced and recommend a “Subscribe- Long Term” rating to the IPO," said Anand Rathi Research in its IPO note.
Orkla India IPO Subscription Status, GMP Live: Marketing and advertising strategy
The company is tailoring their brand-building initiatives to local consumers by undertaking advertising campaigns in regional languages, undertaking local activations, collaborating with local influencers and crafting culturally relevant messages to create meaningful connections with consumers. They believe that this approach will not only strengthen brand awareness but also increase usage of their products and strengthen consumer loyalty, resulting in increased brand penetration and market share.
Orkla India IPO Subscription Status, GMP Live: About product portfolio
The company’s product portfolio comprises two key product categories, Spices and Convenience Foods, the latter of which includes RTC foods, RTE foods, vermicelli and others. Their products cater to every meal occasion, from breakfast and lunch to dinner, snacks, desserts and beverages.