Orkla India Limited, the parent company of well-known food brands such as MTR Foods, Eastern Condiments, and Rasoi Magic, has successfully raised ₹499.6 crore from 30 institutional investors through its anchor book allocation on October 28, 2025, a day before its public issue opens.
IPO Details
The Orkla India IPO is set to open on October 29 and close on October 31, 2025. The company aims to raise ₹1,667.54 crore through a complete offer for sale (OFS) of 2.28 crore equity shares by existing shareholders, including Orkla Asia Pacific, Navas Meeran, and Feroz Meeran.
The price band has been fixed between ₹695 and ₹730 per share. Since the issue is entirely OFS-based, Orkla India will not receive any fresh capital; all proceeds will go to the selling shareholders. The IPO is being managed by ICICI Securities, Citigroup Global Markets India, JP Morgan India, and Kotak Mahindra Capital Company.
Anchor Investor Allocation
Ahead of the IPO, Orkla India allotted 68,43,900 equity shares to anchor investors at the upper end of the price band (₹730 per share), raising nearly ₹500 crore.
Some of the notable institutional investors participating in the anchor round include:
- Nippon Life India
- Aditya Birla Sun Life AMC
- Ashoka WhiteOak
- Nomura Funds
- Government Pension Fund Global
- Jupiter Global Fund
- Pinebridge Global Funds
- Baroda BNP Paribas MF
- LIC Mutual Fund
- Edelweiss
Other prominent investors such as Tata Investment Corporation, Bajaj Finserv Mutual Fund, Aurigin Master Fund, Viridian Asia Opportunities Master Fund, Société Générale, and Copthall Mauritius Investment also participated in the anchor book.
According to the company, six domestic mutual funds subscribed to 29.01 lakh shares through a total of 13 investment schemes.
Company Ownership and Background
Orkla India is majority-owned by Norway-based Orkla ASA through its subsidiary Orkla Asia Pacific, which holds a 90% stake in the company. The remaining 10% ownership is equally divided between Navas Meeran and Feroz Meeran.
With a strong portfolio of established Indian food brands and a robust distribution network, Orkla India’s IPO is expected to draw substantial investor interest.
Summary:
Orkla India has raised ₹499.6 crore from anchor investors ahead of its ₹1,667.54 crore IPO, opening on October 29, 2025. The fully OFS issue, priced between ₹695 and ₹730 per share, attracted participation from major institutional investors like Nippon Life India, Aditya Birla Sun Life AMC, and LIC MF. Majority-owned by Norway’s Orkla ASA, the company’s IPO highlights growing investor appetite for India’s fast-growing packaged food sector.
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