Summary of this article
Orkla India IPO was booked over 48 times
Orkla India IPO allotment status will be finalised on November 3
Orkla India Ltd shares will list on November 6
Orkla India IPO Allotment: Orkla India IPO subscription window closed on October 31. The multi category food retailer’s public issue garnered strong demand in the three-day bidding window as it was booked over 48 times across categories. The share allotment status of Orkla India IPO will be finalised on November 3.
Orkla India IPO GMP
The grey market premium (GMP) for Orkla India shares is Rs 95 per share ahead of the finalisation of allotment. The GMP for Orkla India’s unlisted shares hints at a strong D-street debut at Rs 825 apiece with a premium of 13.01 per cent, as per websites which track the demand for unlisted shares in the grey market.
Orkla India IPO Allotment
Primary market investors who have applied for Orkla India IPO can check the share allotment status of their application on the registrar Kfin Technologies Ltd website. Orkla India IPO share allotment status can also be checked on the BSE and NSE websites:
How To View Orkla India IPO Allotment On NSE
Head to the NSE website via this link
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select ‘Equity IPO bid details’
Opt for 'Orkla India' from the list of IPOs
Type in your IPO application number
Click the 'submit' button
The allotment status of your application for Orkla India IPO will be shown
How To Check Orkla India IPO Allotment Status On BSE Website
Visit the IPO application status viewing webpage on BSE’s website
https://bseindia.com/investors/appli_check.aspx.
Several issue types will be displayed on your screen
Choose ‘Equity’ from the menu shown on screen
Select 'Orkla India' from list of IPOs
Input your IPO application number or PAN details
Select 'Search'
The share allotment status will be shown on screen
How to View Orkla India IPO Share Allocation Status On Kfin Technologies Website:
Visit the official KFin Technologies IPO allotment page.
Select Orkla India Limited from the dropdown list of IPOs.
Type in either your PAN number, IPO Application number, or Demat / DP Client ID.
Enter the selected details accurately
Click the 'Search' or 'Submit' button
The allotment status of Orkla India IPO will be shown and the number of shares allotted will be displayed.
Orkla India IPO Subscription Details
Orkla India IPO was booked 48.73 times on October 31. Across categories, investors applied for over 779.6 million shares against the 15.99 million shares offered for subscription.
Orkla India IPO saw decent demand in the retail category and was subscribed 7.05 times as investors placed bids for over 56.27 million shares against the 7.98 million shares set aside for the category.
Non-institutional investors (NIIs) applied for over 186.22 million shares of Orkla India compared to the 3.42 million offered for subscription for the category, leading to the mainboard issue being booked 54.42 times.
Qualified institutional buyers (QIBs) oversubscribed their quota in the Orkla India IPO 117.63 times. QIB investors placed bids for over 536.7 million shares compared to the 4.56 million shares reserved for them.
Employees of the company bid for 4,53,840 shares of Orkla India Ltd compared to the 30,000 shares set aside for the category, leading to the issue being booked 15.13 times.
Orkla India IPO Details
Orkla India IPO is worth Rs 1,667.54 crore and consists of an offer-for-sale of 22.8 million shares. Orkla India IPO price band was fixed at Rs 695 to Rs 730 per share. The minimum lot size for retail individual investors interested in applying for Orkla India IPO was fixed at 1 lot or 20 shares aggregating to an investment of Rs 14,600.
Orkla India IPO Listing date
Once the basis of allotment for the Orkla India IPO is finalized on November 3, refunds will be initiated for unsuccessful bidders on November 4. Successful allottees will receive shares of the fast-moving consumer goods (FMCG) company in their demat accounts on November 4 as well. Shares of Orkla India will debut on the NSE and BSE. Orkla India shares will make their Dalal Street debut on November 6.
