Orkla India IPO: An FMCG company is prepping to enter the Indian stock market with its Rs 1,667.54 crore initial public offering (IPO) on October 29. This is called Orkla India, which will offer 2.28 crore shares for subscription.
The IPO is entirely an offer for sale. The latest grey market premium (GMP) of the Orkla IPO is signaling a nearly 12% premium listing on the BSE and NSE. The market debut is expected next week.
Orkla India IPO Dates:
The IPO is 100% book building and will be offered at a price band of Rs 695 to Rs 730 per share. The bid lot size is 20 Equity shares and in multiples thereof. The IPO size is of 22,843,004 Equity Shares under OFS route.
The minimum order quantity for Orkla is 20 equity shares. Retail investors can bid for maximum amount of Rs 2 lakh, while eligible employees can bid up to Rs 5 lakh.
The IPO is opening on October 29 and will end on October 31.
Orkla India IPO GMP:
Orkla India IPO last GMP is Rs 87, last updated Oct 28th 2025 05:30 PM. With the price band of 730.00, Orkla India IPO’s estimated listing price is Rs 817 (cap price + October 28th GMP).The expected percentage gain/loss per share is 11.92%, as per Investor Grain.
Orkla India IPO Subscription Review:
In a note, Rajan Shinde, Research Analyst, Mehta Equities said, “We believe Orkla India Ltd IPO brings investors an opportunity to participate in a market-leading packaged food and spices company, backed by iconic brands MTR and Eastern, which together hold dominant positions in South India with 31-42% market share in key states and an 18.6% pan-India share in the convenience foods segment. We think company’s diversified portfolio of 400+ products, strong regional connect, and proven export capabilities – with Eastern being India’s largest branded spice exporter for 24 consecutive years – underpin its brand strength and growth visibility.”
The analyst also thinks continuous innovation through new launches, along with an asset-light, flexible manufacturing setup (182,000+ TPA) and expanding international presence across the GCC, US, and emerging Asian markets enhance scalability and cost-efficient growth.
Further, looking at the financials, the company has delivered muted revenue growth of 8.4% in FY2024 and 1.6% in FY2025, while net profit improved by 13% in FY2025 following a 33.3% decline in FY2024. On valuation parse at the upper price band of Rs. 730/-, the issue is asking for a market cap of Rs. 10000 crore.
Based on FY 2026 annualised earnings and fully diluted post- IPO paid up capital, the company is asking for a PE of 31.7x, which appears reasonable given its market leadership, strong brands, and entrenched regional dominance in the spices and convenience foods space. However, investors should note that the IPO comprises a 100% Offer for Sale (OFS) of Rs. 1,667 crore, which could be viewed as a key concern for new investors, as per the analyst.
That being said, Shinde added, “With a widespread distribution network of 834 distributors and exports to 45 countries, Orkla India demonstrates strong domestic and global reach. We believe Orkla India is well placed in India’s fast-growing packaged food sector. Hence, we recommend investors to “SUBSCRIBE” the Orkla India Ltd IPO for long term perspective.”
Orkla India Allotment Date:
After the IPO ends on October 31st, the allotment of Orkla IPO will likely take place on November 3. Further, the initiation of refunds or credit of shares to eligible shareholders will take place on November 4, 2025.
Orkla India Listing Date:
After the process of allotment, the tentative date for listing Orkla India IPO is November 6, 2025.
About Orkla India Ltd:
Orkla India is a collection of iconic heritage Indian brands – MTR, Eastern and Rasoi Magic. Its portfolio serves all meal occasions with diverse offerings including Spices and Masalas, Ready to Eat Sweets, Breakfast mixes, 3-minute range, and many more.
With its corporate office in Bangalore, Orkla India consists of 3 business units namely, MTR, Eastern and International Business. The International Business unit reaches out to both the local as well as migrant Indian population across 42 countries.