Orkla India, previously known as MTR Foods, has received approval for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI).
As reported by businessline, the IPO will consist of 22,843,004 equity shares with a face value of ₹1 each, fully offered by the promoters. Promoter group members Navas Meeran and Feroz Meeran, each holding a 5 percent stake in the company, will be offloading 1,141,118 equity shares each as part of this offering.
The offering will allocate 35 percent for retail investors and includes a reserved portion for employees.
The company, recognized primarily for its packaged food products under the MTR and Eastern brands, will generate funds through a complete offer for sale (OFS).
For the financial year ending March 2025, Orkla India reported a revenue of ₹2,455 crore and a profit after tax (PAT) of ₹255.7 crore. In FY24, the firm recorded revenue of ₹2,388 crore and a PAT of ₹226.3 crore.
Published on September 15, 2025
