Orkla India Ltd.
Orkla India Ltd. is set to launch its initial public offering (IPO) valued at ₹1,667.54 crore through the book-building route. The entire issue is an offer for sale (OFS) of 2.28 crore shares, wh ...
The IPO will open for public subscription on October 29, 2025, and close on October 31, 2025. The basis of allotment is likely to be finalised on November 3, 2025, while the company’s shares are expected to be listed on the BSE and NSE on November 6, 2025.
The price band for the issue has been fixed between ₹695 and ₹730 per share. Investors can bid for a minimum of 20 shares per lot, which requires an investment of ₹14,600 at the upper price limit. ICICI Securities Ltd. is the book-running lead manager for the issue, and Kfin Technologies Ltd. will handle the registrar responsibilities.
Read moreIPO Timeline
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29 Oct 2025Bidding Starts
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31 Oct 2025Bidding Ends
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03 Nov 2025Allotment Finalization
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04 Nov 2025Refund Date
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04 Nov 2025Demat Date
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06 Nov 2025Listing Date
Orkla India Ltd. Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2023 | 3,101.96 Cr | 2,201.44 Cr | 339.13 Cr |
| 31 Mar 2024 | 3,375.19 Cr | 2,387.99 Cr | 226.33 Cr |
| 31 Mar 2025 | 3,171.30 Cr | 2,455.24 Cr | 255.69 Cr |
| 30 June 2025 | 3,158.20 Cr | 605.38 Cr | 78.92 Cr |
About Orkla India Ltd.
About Orkla India Ltd.
Orkla India is a leading multi-category Indian food company with a strong legacy. It operates under its well-known brands, MTR and Eastern. Its key
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With around 400 products and an average daily sale of 2.3 million units, Orkla India ranks among the top 4 companies in revenue among leading spice and convenience food peers. The company’s deep understanding of local flavours has helped it build strong brand loyalty, especially in its core markets of Karnataka, Kerala, Andhra Pradesh, and Telangana.
Orkla India also has a strong international presence, exporting to 45 countries and holding a 22.2% market share in India’s branded spice exports. Supported by a vast distribution network and modern manufacturing facilities, the company continues to grow efficiently while maintaining high standards of quality and food safety under the guidance of its Norwegian parent, Orkla ASA.
Strengths and Opportunities for Orkla India Ltd. IPO
- Category market leader in South India, with deep understanding of local consumer tastes.
- Dominant market shares in Karnataka (31.2%) and Kerala (41.8%) packaged spices.
- Multi-category food company, continually innovating with new products and formats like “Wok N Roll.”
- Extensive distribution with MTR and Eastern, reaching over 67% of retail outlets in core markets.
- Capital efficient business model, leveraging contract manufacturing for cost-effective product launches.
- Growing profitability demonstrated by expanding Adjusted EBITDA and PAT margins year-over-year.
- Efficient working capital management and strong cash conversion ratios highlight operational discipline.
- Experienced management supported by the strong governance and global expertise of parent Orkla ASA.
Risks and Threats for Orkla India Ltd. IPO
- High raw material cost volatility affects profitability and operational stability, increasing financial risks.
- Product contamination risks may trigger regulatory actions, recalls, and reputational damage.
- Under-utilised manufacturing units reduce efficiency, increasing fixed costs and lowering profit margins.
- Supplier dependency exposes company to interruptions, price fluctuations, and limited alternative sourcing options.
- Regulatory litigation under FSS Act could result in fines, legal costs, and reputational harm.
- Third-party MTR restaurant association may negatively impact brand perception and product trust.
- Distribution network dependency risks sales disruption, channel shifts, and competitive pressure from rivals.
- Audit report qualifications signal potential financial reporting weaknesses, affecting investor confidence.
Orkla India Ltd. IPO Objectives
- The IPO is entirely an Offer for Sale of 2.28 crore shares. This means that the existing shareholders of Orkla India are selling their shares, and no new shares are being issued.
- Since it is a pure OFS, Orkla India Ltd. will not receive any money from the IPO. The entire proceeds from the issue, after deducting offer-related expenses and taxes, will go to the selling shareholders.
- The selling shareholders will bear all offer-related expenses, such as listing fees, legal and registrar charges, brokerage, advertising, and other regulatory costs. These expenses will be shared among the selling shareholders in proportion to the number of shares each is selling.
Orkla India Ltd. IPO Promoter Holding
The promoters of Orkla India Ltd. are Orkla ASA, Orkla Asia Holdings AS, and Orkla Asia Pacific Pte Ltd.
Particulars Shareholding (%)
Promoter Holding (Pre-Issue) 90%
Promoter Holding (Post-Issue) -
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
FAQs
When Orkla India IPO will open?
The Orkla India IPO opens on October 29, 2025 and closes on October 31, 2025.
What is the lot size of Orkla India IPO?
Orkla India IPO lot size is 20, and the minimum amount required for application is ₹14,600.
When is Orkla India IPO allotment?
The finalization of Basis of Allotment for Orkla India IPO will be done on Monday, November 3, 2025, and the allotted shares will be credited to your demat account by Tuesday, November 4, 2025.
When is Orkla India IPO listing date ?
The Orkla India IPO listing date is not yet announced. The tentative date of Orkla India IPO listing is Thursday, November 6, 2025.
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