Orkla India's ₹1,667 crore IPO to open on October 29; targets valuation of ₹10,000 crore

Orkla India, which owns spices and condiments brands MTR and Eastern, connected Friday (October 24, 2025) fixed a terms set of ₹695-730 per share, aiming for a valuation of astir ₹10,000 crore astatine the precocious end.

The company's ₹1,667 crore Initial Public Offering (IPO) volition unfastened for nationalist subscription connected October 29 and reason connected October 31, according to a nationalist announcement.

Anchor investors tin taxable their bids connected October 28.

The company's IPO is simply a implicit Offer For Sale (OFS) of 2.28 crore equity shares by promoter and different shareholders, with nary caller contented component.

Under the OFS, promoter Orkla Asia Pacific Pte and shareholders — Navas Meeran and Feroz Meeran are offloading shares.

At present, promoters — Orkla Asia Pacific Pte. Ltd and Norwegian concern concern institution Orkla ASA — clasp 90% stake, portion Navas Meeran and Feroz Meeran ain 5 per cent involvement each successful the company.

Since it is an OFS, the institution volition not person immoderate proceeds from the IPO and the full wealth volition spell to the selling shareholders.

Orkla India, formerly known arsenic MTR Foods, is simply a multi-category Indian nutrient company. It manufactures products arsenic spices and masalas, ready-to-eat, sweets and meal mixes, nether salient brands specified arsenic MTR, Rasoi Magic and Eastern.

The institution sells its products nether the brands MTR and Eastern.

According to the Technopak report, the Indian packaged nutrient marketplace was estimated astatine Rs 10,180 cardinal successful Fiscal 2024, reflecting a CAGR of 10.8% compared to Fiscal 2019.

Half of the contented size has been reserved for qualified organization buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.

Orkla India volition marque its debut connected the banal exchanges connected November 6.

ICICI Securities, Citigroup Global Markets India, JP Morgan India, and Kotak Mahindra Capital Company are the book-running pb managers to the issue.