Orkla India IPO: Check IPO Date, Live Subscription and Key Details
Orkla India is a leading Indian food company and the consolidated entity of MTR Foods and Eastern Condiments. It is ranked among the top four companies in revenue among major spice and convenience food brands in India (Technopak Report, FY24). The company offers two main product categories: Spices (blended and pure masalas) and Convenience Foods (ready-to-cook and ready-to-eat products like Rava Idli mix, Gulab Jamun mix, and Poha). Its brands, MTR (since 1924) and Eastern (since 1983), have strong customer loyalty, especially in South India (Karnataka and Kerala). Orkla India has nine owned manufacturing facilities and operates an extensive distribution network across India and exports to 45 countries.
Price Range
₹695.0 - ₹730.0
Issue Size
₹1,667.54 Crore
Lot Size
20 shares
IPO Type
Mainboard
GMP
₹67(+9.18%)
Est. Listing Price
₹797
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹1
EPS
23.04
P/E Ratio
31.68
RoNW
13.8%
ROE
13.79%
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Timeline
IPO Opens
29 Oct
IPO Closes
31 Oct
Allotment
3 Nov
Listing
6 Nov
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 29 October 2025 | Subscription starts |
| IPO Close Date | 31 October 2025 | Subscription ends |
| Allotment Date | 3 November 2025 | Allotment |
| Listing Date | 6 November 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,600 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,89,800 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,04,400 |
SHNI (Max)Below ₹10,00,000 | 68 | ₹9,92,800 |
BHNIAbove ₹10,00,000 | 69 | ₹10,07,400 |
IPO Objectives
- The IPO is entirely an Offer for Sale (OFS). The company will not receive any proceeds. The objectives are to achieve the benefits of listing, enhance brand visibility, and provide liquidity to the selling shareholders (Orkla Asia Pacific Pte. Ltd., Navas Meeran, and Feroz Meeran).
Strengths
- The company is a category market leader with iconic household food brands (MTR and Eastern) and a multi-category product portfolio.
- It has an extensive distribution infrastructure with deep regional and wide global reach (exports to 45 countries), with Eastern being a top spice exporter.
- The business operates with large-scale manufacturing across nine owned facilities, supported by stringent quality control and a tech-driven supply chain.
- The experienced management team is supported by strong global parentage (Orkla ASA), driving operational excellence and product innovation.
- It maintains a strong business model with profitable growth (PAT up 13% YoY in FY25) and a virtually debt-free balance sheet.
Weaknesses
- The IPO is a Pure Offer for Sale (OFS), meaning the company will not receive any fresh capital for direct business expansion.
- There is geographic concentration, with roughly 70% of revenue coming from South India, making it vulnerable to regional economic downturns.
- Profitability is vulnerable to volatility in key input costs (chilli, coriander, etc.), which accounted for over half of total expenses in FY25.
- The company experienced significant profit fluctuation with a sharp PAT drop in FY24, raising concerns about earnings consistency.
- It faces intense competition in the packaged foods sector from both established national players and emerging regional brands.
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Financial Performance
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 3,158.2 | 3,171.3 | 3,375.19 | 3,101.96 |
| Revenue (₹ Cr.) | 605.38 | 2,455.24 | 2,387.99 | 2,201.44 |
| PAT (₹ Cr.) | 78.92 | 255.69 | 226.33 | 339.13 |
| Net Worth (₹ Cr.) | 1,931.12 | 1,853.47 | 2,201.48 | 2,237.69 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Orkla India Limited | 5.4 | 31.68 | 13.8% | 1,931.12 |
| Tata Consumer Products | 5.75 | 86.46 | 6.4% | 21,390.21 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 |
|---|---|---|
| QIB | 0.02x | 0.06x |
| NII | 1.53x | 7.59x |
| S-HNI | 1.77x | 6.31x |
| B-HNI | 1.4x | 8.23x |
| RII | 0.9x | 2.12x |
| EMP | 3.28x | 6.2x |
| Total | 0.79x | 2.71x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 45,62,602 | 2,63,300 | 19.22 |
| NII | 34,21,951 | 2,59,66,160 | 1,895.53 |
| Small NII | 11,40,650 | 71,93,500 | 525.13 |
| Big NII | 22,81,300 | 1,87,72,660 | 1,370.4 |
| RII | 79,84,551 | 1,68,98,640 | 1,233.6 |
| EMP | 30,000 | 1,86,120 | 13.59 |
| Total | 1,59,99,104 | 4,33,14,220 | 3,161.94 |
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Company Details
- Orkla India Ltd.
- No.1, 2nd and 3 rd Floor, 100 Feet Inner Ring Road Ejipura, Ashwini Layout, Vivek Nagar, Bengaluru, -560047
- +91 8040812100
- investors@orklaindia.com
- http://www.orklaindia.com/
Registrar Details
- Kfin Technologies Ltd.
- 04067162222, 04079611000
- orklaindia.ipo@kfintech.com
- https://ipostatus.kfintech.com/