Orkla India Limited IPO

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Orkla India Limited IPO

Orkla India is a multi-category Indian food enterprise with decades of operational experience, offering a diverse portfolio that caters to all meal occasions including breakfast, lunch, snacks, dinner, beverages, and desserts. The company markets its products under the MTR and Eastern brands. Its key product categories include Spices (comprising blended and pure spices) and Convenience Foods (comprising ready-to-cook “RTC”, ready-to-eat “RTE” foods, and vermicelli, among others), addressing the evolving needs of modern consumers.

Price Band ₹695 - ₹730
Dates 29 Oct - 31 Oct
GMP ₹70 (9.59%)
Subscriptions 48.73 times
Issue Size ₹1,667.33 Crs

Orkla India IPO Key Dates

Opening Date

29 Oct 25

Closing Date

31 Oct 25

Basis Of Allotment

03 Nov 25

Initiations Of Refund

04 Nov 25

Credit Of Shares

04 Nov 25

Listing Date

06 Nov 25

Orkla India IPO Objects

The Selling Shareholders will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer.

Orkla India IPO Details

Price Band ₹695 - ₹730
Listing At NSE & BSE
IPO Issue Type 100% Book Built Offer
Fresh Issue ₹0.00 (0.00 Shares)
Offer For Sale ₹1,667.33 Cr (2.28 Cr Shares)
Total Issue ₹1,667.33 Cr (2.28 Cr Shares)
Face Value ₹1 per equity share

Orkla India IPO Lot Information

Investor Category		Lot	Shares	Amount
Retail	Minimum 1 20 14,600 Maximum 13 260 1,89,800
Small HNI	Minimum 14 280 2,04,400 Maximum 68 1,360 9,92,800
Big HNI	Minimum 69 1,380 10,07,400

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Orkla India IPO Subscription

Updated as on 31-Oct-2025 19:00:00

Investor Category	Subscription (times)	Shares Offered	Shared Bid
QIB	117.63	45,62,601	53,67,11,380
NII	54.42	34,21,951	18,62,20,760
bNII (bids above ₹10L)	65.41	22,81,301	14,92,17,480
sNII (bids between ₹2L to ₹10L)	32.44	11,40,650	3,70,03,280
Retail	7.05	79,84,552	5,62,76,360
Employee	15.13	30,000	4,53,840
Total	48.73	1,59,99,104	77,96,62,340

Orkla India IPO GMP

The estimated Grey Market Premium of Orkla India IPO is ₹70 per share (9.59%)

Category Allocation

Particulars	Allocation
QIBs	Not more than 50% of Net Offer
Big HNIs (NII)	Not less than 10% of Net Offer
Small HNIs (NII)	Not less than 5% of Net Offer
Retail	Not less than 35% of Net Offer
Employee	30000 EQ Shares

Orkla India IPO Financials

(Rs. in crores)

Particulars	Jun-25	Mar-25	Mar-24	Mar-23
Revenue from Operations	597.00	2,394.71	2,356.01	2,172.48
Profit after Tax	78.92	255.69	226.33	339.13
Net Worth	1,931.12	1,853.47	2,201.48	2,237.69
Total Borrowing	2.33	-	3.77	34.99
Total Assets	3,158.20	3,171.30	3,375.19	3,101.96
NAV per share (in ₹)	141.00	135.30	160.70	181.50
EPS - Basic (in ₹)	5.80	18.70	16.90	26.20

The financial information presented is on a consolidated basis.

Key Performance Indicators

KPI	Values
EBITDA	16.60%
PAT	10.70%
ROCE	32.70%
PE Ratio	39.04
PB Ratio	5.40
Mkt Cap (in Crs.)	10,000.21

All the data pertains to FY 2024-25.
PE, PB, and market capitalization are calculated based on the Upper Price Band.

Orkla India IPO Peer Comparision

(Rs. in crores)

Particulars	Orkla India Ltd.	Tata Consumer Products
Revenue from Ops (in Crs.)	2,394.71	17,618.30
PAT (In Crs.)	255.69	1,287.10
EPS - Basic	18.70	13.10
NAV per share	135.30	202.10
RONW	13.80%	6.40%
EBITDA	16.60%	13.50%
PAT Margin	10.70%	7.30%
Price to earning (PE)	39.04	90.10

All information pertains to FY 2024-25.
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 13, 2025 for Peers

Orkla India IPO Peer Comparision

(Rs. in crores)

Particulars	Orkla India Ltd.
Revenue from Ops (in Crs.)	2,394.71
PAT (In Crs.)	255.69
EPS - Basic	18.70
NAV per share	135.30
RONW	13.80%
EBITDA	16.60%
PAT Margin	10.70%
Price to earning (PE)	39.04

Tata Consumer Products
17,618.30
1,287.10
13.10
202.10
6.40%
13.50%
7.30%
90.10

All information pertains to FY 2024-25.
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 13, 2025 for Peers

Promoter Details

Name	Shareholding
Orkla Asia Pacific Pte. Ltd.	90%
Total	90%

Management Details

Name	Designation
Atle Vidar Nagel Johansen	Chairman
Sanjay Sharma	MD & CEO
Suniana Calapa	CFO

Company Details

Name: Orkla India Limited

Address: No.1, 2nd and 3rd Floor, 100 Feet Inner Ring Road, Ejipura, Ashwini Layout, Vivek Nagar Bengaluru 560 047, Karnataka, India

Number: +91 80 4081 2100

Email: investors@orklaindia.com

Website: www.orklaindia.com

Book Running Lead Managers (BRLMs)

Kotak Mahindra Capital

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Orkla India IPO is a Mainboard IPO having an issue size of Rs. ₹1,667.33 Crs. Orkla India IPO is priced at ₹695 - ₹730 per share. The issue opens on 29 Oct 25 and closes on 31 Oct 25.

Orkla India IPO opens on 29 Oct 25 and closes on 31 Oct 25.

The estimated Grey Market Premium of Orkla India IPO is ₹70 per share (9.59%).

The minimum lot size of Orkla India IPO is 20 shares & the minimum application amount is Rs. 14600.

The allotment date of Orkla India IPO is 03 Nov 25.

The listing date of Orkla India IPO is 06 Nov 25.

Orkla India IPO is subscribed 48.73 times.

Orkla India IPO is priced at ₹695 - ₹730 per share.

Click the allotment link on Orkla India IPO page of IPO360.

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1. The Business Model and Revenue Sources

Orkla India Limited (formerly known as MTR Foods Private Limited) is a multi-category Indian food company that has operated for several decades. The company's core business revolves around the manufacturing and sale of a diverse selection of food products designed to cater to various meal occasions, including breakfast, lunch, dinner, snacks, beverages, and desserts.

The company markets its products under key brands, primarily MTR (originally established in 1924) and Eastern. These products are noted for being crafted with authenticity and tradition, deeply rooted in the South Indian culinary heritage.

Core Revenue Categories

The company derives its revenue primarily from the sale of products, which are segmented into two key categories:

1. Spices: This category includes blended and pure spices. This is the dominant source of revenue from product sales.

◦ For the three months ended June 30, 2025, Spices accounted for 66.3% of the revenue from the sale of products.

◦ For Fiscal 2025, this category contributed 66.6% of the revenue from the sale of products.

2. Convenience Foods: This category covers products designed for easy preparation, such as ready-to-cook (RTC) and ready-to-eat (RTE) items, along with Vermicelli, among others.

◦ For the three months ended June 30, 2025, Convenience Foods accounted for 33.7% of the revenue from the sale of products.

◦ For Fiscal 2025, this category contributed 33.4% of the revenue from the sale of products.

Operational Reach

• Manufacturing: The company employs a hybrid manufacturing model, operating nine owned manufacturing facilities in India and working with 21 contract manufacturing facilities (18 in India and three outside India: UAE, Thailand, and Malaysia) as of June 30, 2025.

• Distribution: The distribution network is extensive, consisting of 834 distributors and 1,888 sub-distributors across 28 states and six union territories. They also engage with modern trade retail chains (42 partners) and six e-commerce and quick commerce channels.

• International Sales (Exports): The company generates a significant portion of its revenue from customers outside India, catering primarily to the Indian diaspora. Revenue from customers outside India was 20.4% for the three months ended June 30, 2025, and 20.6% for Fiscal 2025. The company exports its products to 45 countries globally as of June 30, 2025.

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Orkla India Limited IPO

Orkla India Limited IPO

Price Band

Dates

GMP

Subscriptions

Issue Size

Orkla India IPO Key Dates

Opening Date

Closing Date

Basis Of Allotment

Initiations Of Refund

Credit Of Shares

Listing Date

Orkla India IPO Objects

Orkla India IPO Details

Price Band

Listing At

IPO Issue Type

Fresh Issue

Offer For Sale

Total Issue

Face Value

Orkla India IPO Lot Information

Orkla India IPO Subscription

Orkla India IPO GMP

Category Allocation

Orkla India IPO Financials

Key Performance Indicators

Orkla India IPO Peer Comparision

Orkla India IPO Peer Comparision

Promoter Details

Management Details

Company Details

Book Running Lead Managers (BRLMs)

Kotak Mahindra Capital

ICICI Securities

Citigroup Global

J.P. Morgan

RTAs

KFin Technologies

Frequently Asked questions?

What is Orkla India IPO?

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What is the GMP of Orkla India IPO?

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When is the allotment of Orkla India IPO?

What is the listing date of Orkla India IPO?

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