The public offering for Orkla India Ltd received an overwhelming response, culminating in an overall subscription rate of 48.73 times on the final day of bidding. According to data from the Bombay Stock Exchange (BSE), investors submitted bids for 77.96 crore shares, significantly exceeding the 1.59 crore shares available.
The subscription breakdown revealed that the qualified institutional buyer (QIB) segment was subscribed 117.63 times, while non-institutional investors (NIIs) subscribed 54.42 times. The retail segment recorded a subscription rate of 7.05 times, and the employee segment saw a 15.13 times subscription.
Launched with a price range of ₹695 to ₹730 per share and a minimum lot size of 20 shares, the ₹1,667-crore IPO was exclusively an offer for sale (OFS), involving the sale of 2.28 crore equity shares by its promoters and other shareholders, with no new issue component.
Promoters Orkla Asia Pacific Pte, along with shareholders Navas Meeran and Feroz Meeran, are the sellers of the shares. Currently, Orkla Asia Pacific Pte. Ltd and Orkla ASA hold a 90% stake in the company, while Navas Meeran and Feroz Meeran each own a 5% stake. Importantly, the company will not receive any proceeds from the sale; funds will directly benefit the selling shareholders.
Prior to the public offering, Orkla India raised approximately ₹500 crore from anchor investors. The book-running lead managers for the offer include ICICI Securities, Citigroup Global Markets India, J.P. Morgan India, and Kotak Mahindra Capital Company.
Formerly known as MTR Foods, Orkla India operates as a multi-category food company with strong regional brands, including MTR, Eastern, and Rasoi Magic. Shares are anticipated to debut on the National Stock Exchange (NSE) and BSE on November 6, 2025.
Several brokerages—Mehta Equities, Anand Rathi, Reliance Securities, AUM Capital, and Angel One—have issued recommendations to ‘subscribe’ to the IPO. Analysts suggest that the company’s future growth will be enhanced by diversifying its product categories, expanding pan-India distribution, ongoing product innovation, increasing exports, and achieving operational synergies across its extensive brand portfolio, all underpinned by a debt-free balance sheet and robust return ratios.
Published on October 31, 2025.
