It’s finally D-day for the much-anticipated Orkla India IPO. The parent firm of the popular packaged food brands like MTR Foods and Eastern Condiments that sells a host of convenience foods, including ready-to-eat meals and breakfast mixes, opens for subscription.
From GMP to issue price, expert views, here is everything that you need to know about the Rs 1,667.54 crore IPO.
| Orkla India IPO | Key Details |
| Subscription period | October 29-31 |
| IPO price band | Rs 695 – 730 per share |
| Issue size | Rs 1,667.54 crore |
| GMP | 10% |
| IPO Allotment date | November 3 |
| Listing date | November 6 |
Orkla India IPO: Issue date, size
The Orkla India IPO is a book-built issue and entirely an offer for sale of 2.28 crore shares. The size of the OFS is Rs 1,667.54 crore, and the IPO price band has been set between Rs 695 – 730 per share.
The IPO opens on October 29 and the subscription window closes on October 31. The lot size has been fixed at 20 shares. Therefore, the minimum investment required by retail investors is Rs 14,600, calculated at the upper end of the issue price for 20 shares.
As it is an OFS, the proceeds would go directly to the key stakeholders, diluting shares. The primary objective is to provide an exit opportunity and liquidity to existing shareholders rather than raising fresh capital for the business.
Orkla India IPO: GMP
The Orkla India IPO GMP has seen a downward trend. Even though at current levels it indicates a listing with a 10% premium to the upper end of the issue price, it is significantly lower than the rates seen 3 days ago.
The current GMP shows a premium of Rs 77 or 10%. That projects an estimated listing price of Rs 807 per share. However, about 3 days ago the GMP was hovering around Rs 145 or nearly 20%.
Orkla India IPO: Lead managers, registrar
A little about who’s handling the IPO. ICICI Securities is the lead book-running manager of this IPO and Kfin Technologies is the registrar of the issue.
Orkla India IPO: Allotment, listing
The Orkla India IPO allotment is likely to be finalised on November 3, and the IPO is expected to list on BSE, NSE on November 6.
Orkla India IPO: Key risks
A look at the key risks associated with the Orkla India IPO.
The company faces key risks from volatility in the pricing of raw and packaging materials.Additionally, operational risks such as supply chain interruptions, underutilisation of manufacturing plants, labour shortages and climate-related challenges could adversely affect its financial and operating performance.
Orkla India IPO: Company outlook
A look at Orkla India IPO fundamentals. The company reported net profit of Rs 255.7 crore on revenues of Rs 2,455.2 crore for FY25. This represents YoY growth in both the topline and the bottomline.
It markets over 400 products and sells an average of 2.3 million units daily and sells in total 42 countries. The company’s distribution network comprises 834 distributors and 1,888 sub-
distributors across 28 states and 6 union territories.
Apart from the 9 manufacturing facilities in India, it has additional contract manufacturing in the UAE, Thailand and Malaysia.
Orkla India IPO: Expert views
A look now at what experts have to say about the Orkla India IPO-
Angel One recommends Subscribe. According to the brokerage house, “At the upper band price of Rs 730, 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 across key FMCG categories, resilient financial performance and long-term growth visibility.”
Anand Rathi too has a ‘Subscribe for long-term rating. According to them, “Its strategy is driven by continuous innovation, category expansion and premiumisation, reinforcing its position as a market leader in India’s packaged food industry.”
