The ₹1,667 crore initial public offering (IPO) launched by Orkla India has experienced robust investor interest on its second day, with the overall subscription reaching 2.70 times. The non-institutional investor (NII) segment demonstrated the highest demand, subscribing 7.59 times, while retail investors participated at 2.11 times. In contrast, the qualified institutional buyer (QIB) segment reported limited engagement, registering only 0.06 times subscription.
Orkla India, known for its popular brands such as MTR and Eastern Condiments, initiated the IPO on October 29, 2025, with a price band set between ₹695 and ₹730 per share. This offering is entirely composed of an offer-for-sale (OFS) of approximately 2.28 crore equity shares, with no fresh equity being issued. The lot size amounts to 20 shares, and the company has successfully secured around ₹500 crore from anchor investors.
Within the OFS framework, shares are being offloaded by promoter Orkla Asia Pacific Pte, alongside shareholders Navas Meeran and Feroz Meeran. Currently, Orkla Asia Pacific Pte. Ltd and Orkla ASA, a Norwegian industrial investment company, hold a combined 90 percent stake in the firm, while Navas Meeran and Feroz Meeran each own a 5 percent stake.
The IPO is set to close tomorrow, October 31, 2025, with the stock anticipated to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 6, 2025.
