Summary of this article
Orkla India IPO GMP fell nearly 56 per cent in over five days, from Rs 145 to Rs 64 per share
Orkla India IPO saw 0.40 times subscription so far on first day, as of 12:30 PM
Orkla India aims to raise Rs 1,667.54 crore through its IPO, which comprises entirely an OFS component
Orkla India IPO GMP: The initial public offering (IPO) of Orkla India Ltd opened for subscription on October 29 and will close on October 31.
In the unlisted market, Orkla India’s shares are commanding a grey market premium (GMP) of Rs 64 per share over the issue price, according to websites that track such trades. However, the GMP has seen a sharp decline of about 56 per cent in the past five days, falling from Rs 145 on October 24 to the current level.
It is worth noting that GMPs are not always a predictor of listing price, they just reflect the sentiment and demand in the unofficial market ahead of the listing.
Orkla India IPO Suscription Status: Day 1
As of 12:30 PM on the first day, Orkla India IPO was subscribed 0.40 times, or 40 per cent of the total shares on offer.
Among investor categories, the qualified institutional buyers (QIBs) were yet to place any bids, while the non-institutional investors (NIIs) subscribed 61 per cent of their allotted quota. The retail investor portion was subscribed 53 per cent.
Orkla India IPO Details
Orkla India IPO Size: The company aims to raise Rs 1,667.54 crore through its IPO which comprises entirely an offer for sale component of 22.8 million shares.
Orkla India IPO Price Band: The company has fixed the price band at Rs 695-730 per share.
Orkla India IPO Lot Size, Minimum Amount: To subscribe Orkla India IPO, retail investors are required to buy its shares in lots of 20 stocks. This will require them to invest a minimum of Rs 14,600.
Orkla India IPO Allotment Date: The basis of allotment of shares is likely to be finalised on November 3.
Orkla India IPO Listing Date: Shares are scheduled to list on BSE and NSE tentatively on November 6.
Orkla India IPO BRLMs, Registrar: ICICI Securities, Citigroup Global arket India, JP Morgan India, and Kotak Mahindra Capital are the book running lead managers and KFin Technologies is the registrar to the issue.
Orkla India IPO Objective: Since the issue does not offer any fresh issue, so the proceeds will not go to the company. Selling promoters, however, will get a chance to pare their stakes.
Orkla India: Company Profile
Establihed in 1996, Orkla India Ltd is a diversified food company that sells products under well-known Indian brands like MTR Foods, Eastern Condiments, and Rasoi Magic. The company operates as a subsidiary of Orkla ASA, a Norway-based industrial investment group focused on consumer brands.
Orkla India offers over 400 products across categories such as blended and pure spices, ready-to-cook (RTC) mixes, ready-to-eat (RTE) meals, snacks, beverages, and desserts. Its brands cater to regional taste preferences with a strong foothold in Karnataka, Kerala, Andhra Pradesh, and Telangana. The company also exports to around 42 countries, including the US and Canada.
The company has an extensive distribution network of 834 distributors and 1,888 sub-distributors across 28 states and 6 union territories. As of March 31, 2025, Orkla India operated nine manufacturing facilities in India, and has an installed capacity of 182,270 tonnes per annum (TPA).
