Orkla India, which owns MTR, has set a price band of ₹695 to ₹730 per share for its ₹1,667 crore IPO. The IPO is an offer for sale by promoters Orkla Asia Pacific, Navas Meeran, and Feroz Meeran.
Fifty percent of the issue is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors, and the remaining 35% has been reserved for retail investors.
Category split
Orkla operates across breakfast, lunch, snacks, dinner, beverages, and desserts segments. The key product categories it offers are spices and convenience foods under its MTR and Eastern brands. Spices contribute 67% of revenue, while convenience foods contribute 33%.
The company posted revenues of ₹2,455 crore with a profit after tax of ₹255.7 crore in the financial year ending March 2025. The previous fiscal year (FY24) saw revenues of ₹2,388 crore and PAT of ₹226.3 crore.
Market overview
The Indian packaged food market was estimated at ₹10,180 billion in fiscal 2024, reflecting a CAGR of 10.8% compared to fiscal 2019.
Published on October 24, 2025
