Orkla India IPO Subscription Status
Orkla India IPO closed on 31 October 2025 with an overall subscription of 48.74x based on shares applied. QIB demand came in at 117.63x, NII at 54.42x, and retail at 7.05x.
Allotment will be finalised on 3 November 2025. The stock is scheduled to list on NSE and BSE on 6 November 2025.
Issue Price
Rs 730.00
GMP Today
Rs 66.00 (+9.04%)
Overall Subscription
48.74x
Issue Size
₹1667.54 Cr
Allotment Date
3 Nov 2025
Listing Date
6 Nov 2025
Orkla India IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 730.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 333.07 Cr | Rs 39,179.93 Cr | 117.63x |
| FII | - | Rs 13,554.04 Cr | - |
| DFI | - | Rs 16,193.56 Cr | - |
| Mutual Funds | - | Rs 1,663.85 Cr | - |
| Other | - | Rs 7,768.48 Cr | - |
| NII | Rs 249.80 Cr | Rs 13,594.12 Cr | 54.42x |
| bNII (above Rs 10L) | Rs 166.53 Cr | Rs 10,892.88 Cr | 65.41x |
| Corporate | - | Rs 102.05 Cr | - |
| Individual | - | Rs 10,242.88 Cr | - |
| Other | - | Rs 547.95 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 83.27 Cr | Rs 2,701.24 Cr | 32.44x |
| Corporate | - | Rs 7.94 Cr | - |
| Individual | - | Rs 2,564.15 Cr | - |
| Other | - | Rs 129.15 Cr | - |
| Retail | Rs 582.87 Cr | Rs 4,108.17 Cr | 7.05x |
| Cut-off price | - | Rs 3,356.21 Cr | - |
| Fixed price | - | Rs 751.97 Cr | - |
| Employee | Rs 2.19 Cr | Rs 33.13 Cr | 15.13x |
| Cut-off price | - | Rs 27.18 Cr | - |
| Fixed price | - | Rs 5.95 Cr | - |
| Total | Rs 1,167.93 Cr | Rs 56,915.35 Cr | 48.73x |
Orkla India IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 45,62,602 | 2,613 | 0.00x |
| FII | - | 99 | - |
| DFI | - | 68 | - |
| Mutual Funds | - | 314 | - |
| Other | - | 2,132 | - |
| NII | 12,221 | 2,33,828 | 19.13x |
| bNII (above Rs 10L) | 8,147 | 1,06,584 | 13.08x |
| Corporate | - | 955 | - |
| Individual | - | 1,00,222 | - |
| Other | - | 5,407 | - |
| sNII (Rs 2L to Rs 10L) | 4,074 | 1,27,244 | 31.23x |
| Corporate | - | 308 | - |
| Individual | - | 1,20,710 | - |
| Other | - | 6,226 | - |
| Retail | 3,99,228 | 23,16,561 | 5.80x |
| Cut-off price | - | 18,70,826 | - |
| Fixed price | - | 4,45,735 | - |
| Employee | 1,500 | 16,063 | 10.71x |
| Cut-off price | - | 13,630 | - |
| Fixed price | - | 2,433 | - |
| Total | 49,75,551 | 25,69,065 | 0.52x |
What Do These Subscription Numbers Mean?
A subscription of 48.74x by shares means the IPO received bids for 49 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 117.63x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 117.63x, it reflects serious institutional conviction.
NII at 19.13x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 13.08x and sNII at 31.23x by applications. Share subscription was 54.42x. Allotment uses application count, not share volume.
At 5.80x subscription by applications, approximately 1 in 6 retail applicants can expect an allotment (~17% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 7.05x. Allotment uses application count, not share volume.
At 10.71x subscription by applications, approximately 1 in 11 employee applicants can expect an allotment (~9% per application). Employee reservation uses the same lottery logic as retail when oversubscribed.
Orkla India IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 5.80x.
- •Allotment odds: about 1 in 6 (~17% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 7.05x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 31.23x.
- •Allotment odds: about 1 in 31 for a minimum-lot application (~3% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 32.44x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 13.08x.
- •Allotment odds: about 1 in 13 for a minimum-lot application (~8% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 65.41x. Allotment uses application count, not share volume.
Check the Orkla India IPO Allotment Status page from 3 November 2025 for your allotment result.
Orkla India IPO GMP After Subscription
GMP for Orkla India IPO stands at Rs 66.00 today, giving an estimated listing price of Rs 796.00 per share.
The GMP has moved lower from Rs 145.00 on 24 Oct 2025 to Rs 72.00 on 3 Nov 2025.
A subscription of 48.74x combined with a GMP of 9.04% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Orkla India IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Orkla India IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 29 Oct 2025 | 0.02x | 1.53x | 0.90x | 0.79x |
| Day 2 - 30 Oct 2025 | 0.06x | 7.59x | 2.12x | 2.71x |
| Day 3 - 31 Oct 2025 | 117.63x | 54.42x | 7.06x | 48.74x |
Orkla India IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 29 October 2025 |
| IPO Close Date | 31 October 2025 |
| Allotment Date | 3 November 2025 |
| Refund Initiation | 4 November 2025 |
| Share Credit to Demat | 4 November 2025 |
| Listing Date | 6 November 2025 |
| Minimum Investment | Rs 14,600.00 |
| Lot Size | 20 shares |
About Orkla India IPO
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).
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Orkla India IPO Subscription FAQs
What is Orkla India IPO IPO subscription status today?
Orkla India IPO IPO subscription closed on 31 October 2025 with overall subscription of 48.74x (by shares) as of 27 June 2026, 3:17 AM IST. QIB 117.63x, NII 19.13x, Retail 5.80x.
What is the overall subscription of Orkla India IPO IPO?
Orkla India IPO IPO is subscribed 48.74x overall by shares at close on 31 October 2025. QIB 117.63x, NII 19.13x, and Retail 5.80x.
What is Orkla India IPO IPO QIB subscription?
Orkla India IPO IPO QIB (Qualified Institutional Buyers) subscription is 117.63x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Orkla India IPO IPO Retail subscription?
Orkla India IPO IPO Retail subscription is 5.80x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Orkla India IPO IPO NII subscription?
Orkla India IPO IPO NII (Non-Institutional Investors) subscription is 19.13x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Orkla India IPO IPO for retail?
At 5.80x subscription by applications, approximately 1 in 6 retail applicants can expect an allotment (~17% per application). Allotment is done by lottery. Share subscription was 7.05x. Allotment uses application count, not share volume.
When is Orkla India IPO IPO allotment date?
Orkla India IPO IPO allotment date is 3 November 2025. Check Orkla India IPO Allotment Status on IPOwiz from that day using your PAN.
When does Orkla India IPO IPO subscription close?
Orkla India IPO IPO subscription closed on 31 October 2025. No new applications are accepted after the close.
What is Orkla India IPO IPO GMP today?
Orkla India IPO IPO GMP is ₹66 today (+9.04% over issue price ₹730). See live GMP on the Orkla India IPO GMP Today page.
What is Orkla India IPO IPO issue price and lot size?
Orkla India IPO IPO issue price is ₹730 per share. Lot size is 20 shares. Minimum investment is ₹14,600 per lot. Issue size: ₹1667.54 Cr.
When is Orkla India IPO IPO listing date?
Orkla India IPO IPO listing date is 6 November 2025 on NSE and BSE. Allotment is on 3 November 2025.
How does subscription affect Orkla India IPO IPO allotment?
Allotment odds in Orkla India IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 19.13x by applications means roughly 1 in 19 for minimum-lot bids; bNII at 13.08x (~1 in 13). At 48.74x overall, competition is high.
For allotment results from 3 November 2025, visit the Orkla India IPO Allotment Status page. For listing day updates on 6 November 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.