Orkla India Ltd, the parent company of MTR Foods, has announced the price band for its upcoming ₹1,667 crore initial public offering (IPO) at ₹695–₹730 per share. The issue will open for subscription on Wednesday, October 29, and close on Friday, October 31, 2025.
IPO Details
Investors can bid for a minimum of one lot comprising 20 shares, requiring an investment of ₹14,600, and in multiples of 20 shares thereafter.
The entire IPO will be an Offer For Sale (OFS), meaning Orkla India will not receive any proceeds from the issue. The proceeds will go to existing shareholders who are offloading their holdings.
Offer Structure and Allocation
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NIIs): 15%
- Retail Investors: 35%
- Employee Reservation: Eligible employees applying under the reserved category will receive a discount of ₹69 per share.
Selling Shareholders
The promoter entity, Orkla Asia Pacific, will offload 2.05 crore shares, acquired at an average cost of ₹111 per share.
Other selling shareholders include Avas Meeraan and Meera Avas, each divesting 11.41 lakh shares, acquired at ₹458.7 per share.
Valuation and Outlook
At the upper end of the price band, the IPO values Orkla India at a price-to-earnings (P/E) multiple of around 39x, based on FY25 diluted earnings per share (EPS).
The listing is expected to attract strong investor interest given MTR Foods’ strong brand equity and Orkla’s established footprint in India’s packaged foods segment.
Disclaimer:
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