Wed Oct 29 03:50:00 UTC 2025: Summary:

Orkla India Limited launched its IPO today, October 29, 2025, with a price band of ₹695 to ₹730 per share, aiming to raise ₹1667.54 crore through an offer for sale. The IPO will be open for subscription until October 31, 2025, and is proposed for listing on the BSE and NSE. The grey market premium (GMP) for Orkla India shares is currently ₹108. As of 10:42 AM on the first day, the IPO was subscribed 0.18 times, with the retail portion at 0.24 times and the NII segment at 0.26 times. Analysts suggest a “subscribe” rating for the IPO, citing the company’s market leadership, strong brands, and growth potential, while also noting the fully priced valuations and the 100% OFS as potential concerns.

News Article:

Orkla India Launches ₹1667.54 Crore IPO, Subscribed 0.18 Times on Day One

Mumbai, October 29, 2025 – Orkla India Limited, a leading player in the Indian food market, has launched its initial public offering (IPO) today, seeking to raise ₹1667.54 crore entirely through an offer for sale (OFS). The IPO, with a price band of ₹695 to ₹730 per equity share, will remain open for subscription until October 31, 2025.

The IPO aims to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Preliminary responses have been lukewarm, with the issue being subscribed 0.18 times by 10:42 AM on the first day. The retail portion was subscribed 0.24 times, while the Non-Institutional Investor (NII) segment saw a subscription of 0.26 times.

Market observers note a Grey Market Premium (GMP) of ₹108 for Orkla India shares, indicating positive, though not exuberant, market sentiment.

Analysts at Mehta Equities recommend a “subscribe” rating for the IPO, highlighting Orkla India’s strong market position, iconic brands like MTR and Eastern, and growth potential. They cite the company’s diversified product portfolio, strong regional connections, and expanding international presence as key strengths.

“We believe Orkla India is well placed in India’s fast-growing packaged food sector,” said Rajan Shinde, Research Analyst at Mehta Equities.

However, analysts also caution about the 100% OFS component, which could be a concern for new investors. SEBI-registered analyst Avinash Gorakshkar noted that while the company’s fundamentals are sound, the fully priced valuations and OFS may present hurdles.

The IPO consists of lots of 20 shares each, with allotment expected around November 1 or 3, 2025. Listing is tentatively scheduled for November 6, 2025, following a market holiday on November 5.

ICICI Securities, Citigroup Global Markets India, JP Morgan India, and Kotak Mahindra Capital are the lead managers for the issue, with KFin Technologies serving as the registrar.

Investors are advised to consult with certified financial experts before making any investment decisions.

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