Orkla India was incorporated on August 21, 1996. The company is a multi-category Indian food brand with decades of legacy, offering a wide range of products across all meal occasions. As per the Technopak Report, it ranked among the top four players by revenue in FY24 among leading spices and convenience food peers, with MTR and Eastern brands rooted in South Indian culinary traditions
| Bidding Dates |
|---|
| 29 Oct 2025 - 31 Oct 2025 |
| Subscription |
|---|
| 48.73x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,900 | 1 | 13 | 20 | 22.8 M | ₹695 - ₹730 | 75 % | ₹15875.9 M - ₹16675.4 M | RHP DOC |
Orkla IPO SUBSCRIPTION STATUS
31 Oct '25Orkla IPO overall subscription rate was 48.73 times the total available shares
Orkla IPO retail subscription rate was 7.05 times in the retail segment
Orkla IPO non-institutional investor subscription rate was 54.42 times in the non-institutional investor category
Orkla IPO Qualified Institutional Bidder subscription rate was 117.63 times the available shares for Qualified Institutional Bidder
Orkla IPO Employees subscription rate was 15.13 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 34.95% | 14.98% | 49.93% | 0.13% |
31 Oct 2025 (Day 3) | 7.05x | 54.42x | 117.63x | 15.13x |
30 Oct 2025 (Day 2) | 2.11x | 7.59x | 0.06x | 6.2x |
29 Oct 2025 (Day 1) | 0.9x | 1.53x | 0.02x | 3.27x |
Orkla FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 597.0 | 78.9 | -55.8 | -60.5 | 18.7% |
| Q1FY25 | 563.5 | 71.9 | 47.0 | 44.6 | 18.2% |
| FY25 | 2,394.7 | 255.7 | 391.7 | 372.3 | 16.6% |
| FY24 | 2,356.0 | 226.3 | 296.4 | 258.2 | 14.6% |
| FY23 | 2,172.5 | 339.1 | 190.4 | 112.6 | 14.4% |
Orkla IPO SUBSCRIPTION STATUS DETAILS
Orkla had 22.8 M shares on offer
Orkla IPO offer price was in the range ₹695 - ₹730
Orkla IPO minimum Investment was ₹13900
Orkla IPO issue size was ₹ 15875.9 M - ₹ 16675.4 M
Orkla had a minimum lot size of 20 Shares per application
Orkla NUMBER OF SHARES ON OFFER
Orkla IPO IMPORTANT DATES
| Issue Open Date | 29 Oct 2025 |
| Issue close Date | 31 Oct 2025 |
| Allotment Date | 03 Nov 2025 |
| Refund Date | 04 Nov 2025 |
| Demat Account Credit Date | 04 Nov 2025 |
| Listing Date | 06 Nov 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Orkla Allotment Status | Exchange/ Registrar |
Orkla IPO subscription opened on 29 Oct 2025, and closed on 31 Oct 2025
IPO allotment for Orkla was finalized on Monday, 03 Nov 2025
IPO listing for Orkla was on NSE and BSE on Thursday, 06 Nov 2025
Orkla IPO LISTING GAINS
| Issue Price (adjusted) | 730.0 |
| Listing Open Price | 750.1 |
| Listing Close Price | 713.6 |
| Listing Gain% | 2.8% |
| Current Gain% | -22.4% |
Orkla Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Orkla India Ltd. | 566.8 | 7765.2 | 26.4 | 2.2 | 3 | 10.4 | 8.4 | 2550.6 | 3.9 | 285.7 | 11.7 | 21.5 | 12.1 |
| Nestle India Ltd. | 1540 | 296960.4 | 77.9 | 3.4 | 12.2 | 67.8 | 26.5 | 23195 | 14.5 | 3499.1 | 9.1 | 19.8 | 22.6 |
| Britannia Industries Ltd. | 5510 | 132718.4 | 51 | 2.7 | 6.8 | 49.6 | 26 | 19375.6 | 6.6 | 2533.5 | 16.3 | 108.1 | 18.7 |
| Hatsun Agro Products Ltd. | 941.1 | 20962.9 | 56.3 | 2.5 | 2 | 18.3 | 8 | 9972.9 | 14.8 | 356.2 | 24.8 | 16.7 | 22.9 |
| Zydus Wellness Ltd. | 533.8 | 16985 | 90.2 | -2.1 | 3.7 | 3.4 | 1.9 | 3967.4 | 45.7 | 197.2 | -43.2 | 5.9 | -42.5 |
| Bikaji Foods International Ltd. | 623.5 | 15633.4 | 60.5 | 2.2 | 5.1 | 16.1 | 11.5 | 3045.3 | 14.7 | 258.3 | 28.6 | 10.3 | 27.9 |
Orkla INFORMATION ON IPO ISSUE
About Orkla
Orkla India was incorporated on August 21, 1996. The company is a multi-category Indian food brand with decades of legacy, offering a wide range of products across all meal occasions. As per the Technopak Report, it ranked among the top four players by revenue in FY24 among leading spices and convenience food peers, with MTR and Eastern brands rooted in South Indian culinary traditions
Object of the Issue
- To carry out the offer for sale of up to 22,843,004 equity shares bearing a face value of Rs 1 each by the selling shareholders
- To achieve the benefits of listing the equity shares on the stock exchanges
Orkla - PROMOTERS
| Name |
|---|
| Orkla ASA |
| Orkla Asia Holding AS |
| Orkla Asia Pacific Pte. Ltd. |
Orkla - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Atle Vidar Nagel Johansen | Chairman & Non-executive Director |
| Sanjay Sharma | Managing Director & Chief Executive Officer |
| Maria Syse-Nybraaten | Non-executive Director |
| Per Haavard Skiaker Maelen | Non-executive Director |
| Rashmi Satish Joshi | Independent Director |
| Amit Jain | Independent Director |
| Shantanu Maharaj Khosla | Independent Director |
| Meena Ganesh | Independent Director |
Orkla Book Running Lead Manager
ICICI Securities Limited
orkla.ipo@icicisecurities.com
Citigroup Global Markets India Private Limited
orklaindia.ipo@citi.com
J.P. Morgan India Private Limited
orkla_india_ipo@jpmorgan.com
Kotak Mahindra Capital Company Limited
orklaindia.ipo@kotak.com
Orkla Registrar to the Offer
KFin Technologies Limited
orklaindia.ipo@kfintech.com
Orkla Strengths
Product & recipe innovation
The company continuously innovates its offerings by enhancing recipes, introducing new product formats, and adopting novel preparation methods to meet evolving customer needs
Strong brand presence
The company has a wide pan-India distribution network, with strong brand presence in Karnataka and Kerala. Its brands, MTR and Eastern, are available in over 67% of spice-selling outlets in Karnataka and 70% in Kerala, well above the industry average of 30–40%
Automated manufacturing facilities
The company manufactures its multi-category products in nine modern facilities across India, with a total capacity of 182,270 TPA as of March 31, 2025. Key units, like those in Bommasandra, Bengaluru, are highly automated and continually upgraded for better efficiency, quality, and safety
Orkla Risks
Processing and contamination risks
Improper processing, storage, spoilage, or contamination of products or raw materials could lead to regulatory action, harm the company’s reputation, and negatively impact its business and financial performance
Disruptions at manufacturing facilities
The company operates nine manufacturing facilities, which may face disruptions due to factors like power outages, labor issues, or equipment failures, potentially leading to under-utilisation, increased costs, or lower production output
Labour intensive
The company’s labour-intensive operations depend on both permanent and contract workers. Disruptions in labour availability or strained workforce relations could adversely impact business continuity and performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,667.5 crore, of 22,843,004 shares.
The promoters of the company are Orkla ASA, Orkla Asia Holding AS and Orkla Asia Pacific Pte. Ltd..
The category allocation of qualified institutional buyers is 49.9%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 695.0 - 730.0.
The IPO application opens on Oct 29, 2025 and closes on Oct 31, 2025.
The minimum lot size for the IPO is 20. The maximum lot size for the IPO is 260.
For all category investors, the minimum application amount for this IPO is Rs. 13,900.0, the maximum value for this IPO is Rs 189,800.0.
This IPO will be allotted on Nov 03, 2025.
The refund will be credited to your account on Nov 04, 2025.
The allotted shares will be credited to your demat on Nov 04, 2025.
Orkla India Ltd.’s shares listed on the stock exchanges on Nov 06, 2025.