Orkla India, the parent company of MTR Foods, is set to launch its initial public offering (IPO) with a target issue size of approximately ₹1,650 crore from October 29 to October 31, as reported by sources close to the matter, according to BusinessLine.
The public offering will include 22,843,004 equity shares with a face value of ₹1 each, consisting entirely of an offer-for-sale by existing promoters. Navas Meeran and Feroz Meeran, members of the promoter group, each intend to divest 1,141,118 equity shares, holding a 5 percent stake in the company.
The share allocation plan includes a 35 percent reservation for retail investors, as well as a designated quota for company employees.
Orkla India is a major player in India’s packaged food sector, providing a wide array of products such as spices, ready-to-eat meals, ready-to-cook items, desserts, and vermicelli. For the financial year ending March 2025, the company reported revenues of ₹2,455 crore and a profit after tax of ₹255.7 crore. In the preceding fiscal year (FY24), it achieved revenues of ₹2,388 crore and a PAT of ₹226.3 crore.
ICICI Securities, Citigroup, JP Morgan, and Kotak Mahindra Capital have been appointed as the book-running lead managers for the IPO.
Published on October 23, 2025.
