Orkla India IPO

48.61x

subscribed

Orkla India IPO

Consumer Food
listed
₹13,900Min. investment
  1. Pre-apply
    27 Oct
  2. Bid start
    29 Oct
  3. Bid end
    31 Oct
  4. Allotment
    3 Nov
  5. Release of funds
    4 Nov
  6. Demat transfer
    4 Nov
  7. Listing
    6 Nov

About Orkla India Limited

SectorConsumer Food
Price range₹695 – ₹730
IPO type
Regular
Lot size20 shares
Issue size₹1,667Cr
Red Herring Prospectus
Read
Market Cap
₹10,000CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹2,394CrHigher than sector avg
Growth rate3Y CAGR
4.99%

Orkla India Limited IPO Overview

Orkla India Limited IPO date

Orkla India Limited IPO will open for subscription on October 29, 2025, and the closing date for the IPO is October 31, 2025. After this, investors are expected to be updated about the allotment status on November 03, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on November 04, 2025. The shares will be listed on the NSE and the BSE on Thursday, November 06, 2025.

Orkla India Limited IPO price band

The IPO includes an offer for sale only. The IPO price band has been set between ₹695 to ₹730 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising an offer for sale of ₹1,667.54 crore.

Orkla India Limited's IPO listing price will be determined on November 06, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Orkla India Limited IPO lot size

Orkla India Limited IPO details have been declared. The minimum lot size for an application is 20 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹1,667.54 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹2,394Cr
This sector
₹1,087.57Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹255.6Cr
This sector
₹78.55Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹10,000Cr
This sector
₹7,146.66Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
39.04
This sector
43.50
Compare with companies

Objectives

Carry out the offer for sale
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.

Strength and Weakness

Category market leader

The company holds strong leadership positions in core South Indian markets. It commands a 31.2% share in Karnataka, 41.8% in Kerala, and 15.2% in Andhra Pradesh & Telangana in the packaged spices market in FY24. The portfolio is differentiated, with MTR focused on vegetarian taste profiles and Eastern catering to predominantly non-vegetarian cuisines. Further, Eastern has maintained its position as India’s largest exporter of branded spices for 24 consecutive years.

Multi-category food company

Its innovation engine is powered by 2 cuisine centres of excellence, 7 chefs, and a 4,000+ recipe library, enabling consistent new launches with 15 spice products and 27 convenience products added since FY23. It has also ventured into new cuisine spaces such as pan-asian cuisine, with a range of blended spices and cooking pastes under its new brand “Wok N Roll”, launched in January 2025.

Extensive distribution network

The company has built a strong omni-channel presence, supported by 834 distributors, 1,888 sub-distributors across 28 states & 6 UTs, and strong positions in e-commerce and quick commerce. Retail touchpoints have expanded to 686,729 outlets in FY25, with MTR and Eastern reaching 9 out of 10 households in Karnataka and Kerala through at least one of its products. Further, it has been exported to 45 countries as of June 30, 2025.

Efficient manufacturing with strong supply chain

The company operates nine manufacturing units in India with a total installed capacity of 182,270 TPA, including modern, automated and IoT-enabled facilities that support multi-product flexibility and recipe protection. Its supply chain strength is enhanced by 2 central distribution centres and 20 regional/local warehouses spanning 348,640 sq. ft., strategically located near sourcing regions and demand hubs to enable timely distribution and cost efficiency.

About Orkla India Limited

Orkla India Limited is a multi-category Indian food company with a strong legacy in authentic South Indian cuisine. Through its flagship brands MTR and Eastern, the company provides a wide range of more than 400 products across spices (blended and pure) and convenience Foods (ready-to-cook, ready-to-eat, and vermicelli). It addresses each meal occasion from breakfast, lunch to dinner, snacks, beverages and desserts, with a deep-rooted connection to local tastes and culinary culture. The company is among the top 4 Indian players in revenue from operations in the spices and convenience food category in FY24.
The company has leading market positions in South India, especially in Karnataka (31.2%) and Kerala (41.8%), with MTR and Eastern being household names. Eastern has been India's largest exporter of branded spices for 24 consecutive years. Orkla India, through its brands, Eastern and MTR, holds approximately 22.2% market share in the branded spices exports segment as of FY24.
With a presence in 45 countries, overseas sales contributed to 20.6% of total revenue in FY25, demonstrating the firm's expanding footprint across countries in the Gulf Cooperation Council (GCC) region, the US, and Canada.
In the spices segment, its major products are sambar masala, chicken masala, puliogare masala, rasam masala, and meat masala in blended spices, and chilli, kashmiri chilli, turmeric, coriander, and cumin in pure spices. Convenience Foods consists of widely used ready-to-cook as well as ready-to-eat items like Gulab Jamun Mix, Rava Idli Mix, 3-Minute Poha, and Dosa Mix. As of June 30, 2025, the company sold roughly 23 lakhs units on average daily.
The company operates through nine owned manufacturing facilities in India with a total installed capacity of 182,270 tonnes per annum, supported by 18 contract manufacturing units across India and three abroad (UAE, Thailand, Malaysia). Its manufacturing facilities are located near raw material source hubs that enhance cost efficiency and reduce lead times. The company has a broad distribution network of 834 distributors and 1,888 sub-distributors covering 28 states and 6 union territories, with presence in over 67.5% of Karnataka and 70.4% of Kerala spice retail outlets as compared to the industry average of 30–40%. It has also gained a solid foothold in new commerce and online platforms, with partnerships with 42 new retail chains and six e-commerce and quick-commerce websites, with online revenues rising over 100% between FY23 and FY25.
The company is a subsidiary of Orkla ASA, a Norway-listed industrial, long-term investment company focused on brands and consumer-oriented companies with a $11 billion market capitalisation as of March 31, 2025 and operations in over 100 countries, whose global governance, innovation, and sustainability expertise enhances Orkla India's business and quality standards.
The Indian domestic spices market is valued at ₹86,000 crore as of FY24, of which packaged spices accounted for 40%, growing at a 13.3% CAGR since FY19. The packaged segment is projected to reach ₹61,500 crore by FY29, representing a 45% share, driven by increasing consumer preference for hygiene, quality assurance, and convenience. Further, the branded packaged spices export market was valued at ₹2,300 crore. Being a market leader in South India with 31.2% market share in Karnataka and 41.8% in Kerala, and a 22.2% market share in the Indian branded spices exports segment, Orkla India is well positioned to capitalise on this organised shift.
The company is focused on driving growth in its core markets of Karnataka, Kerala, Andhra Pradesh and Telangana and enhancing its product range presence in the retail outlets. It also intends to enhance its market presence by expanding its product offerings to appeal to non-Indian consumers outside India.
Now, Orkla India Ltd is launching its initial public offering (IPO), which consists of an offer for sale of ₹11,607.01 crore. Its shares will be listed on the NSE and BSE.

IPO Subscription Status

Date
QIB
NII
Retail
Total
29-Oct-25
0.02 times (X)
1.52 times (X)
0.91 times (X)
0.79 times (X)
30-Oct-25
0.08X
7.52X
2.13X
2.71X
31-Oct-25
59.86X
53.8X
6.87X
48.61X

Latest News on IPO

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Orkla India, owner of MTR Foods and Eastern Condiments, has filed draft papers with SEBI for an IPO via an offer for sale (OFS) of 2.28 crore shares. Promoters Orkla Asia Pacific Pte and shareholders Navas Meeran and Feroz Meeran will offload stakes. The company, a leading food products firm, won’t receive proceeds. ICICI Securities, Citigroup, JP Morgan, and Kotak Mahindra are the lead managers.
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The Norwegian company owns MTR Foods in India, a prominent manufacturer of ready-to-eat meals and spices. Since 2021, the company has also owned a controlling stake in Eastern Condiments.

2 min read

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Norway’s Orkla ASA is considering an initial public offering of its Indian business next year that could raise as much as $400 million, according to people familiar with the matter. Orkla may file for an IPO in Mumbai as soon as next quarter, the people said, asking not to be identified as the information isn’t public.
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Orkla India IPO: The initial share sale is solely an offer for sale of ₹1,667.54 crore. As there is no fresh issue component, the company will not get any issue proceeds. The money raised will go to selling shareholders.

3 min read

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Shares of Orkla India, Lenskart Solutions and Studds Accessories will be listed on the National Stock Exchange (NSE) and BSE (formerly Bombay Stock Exchange).

3 min read

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Orkla India IPO: The ₹1,667.54 crore issue is entirely an offer for sale (OFS) of 22,843,004 shares by the promoter, Orkla Asia Pacific Pte Ltd, and investors Navas Meeran and Feroz Meeran.

3 min read

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Orkla India IPO: The company's ₹1,667.54 crore initial public offering (IPO) will end on October 31. It has fixed a price range of ₹695 to ₹730 per share, aiming for a valuation of around ₹10,000 crore at the upper end.

3 min read

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Orkla India IPO: The ₹1,667.54 crore initial share sale, with a price band of ₹695 to ₹730 per share, is a complete offer for sale by the promoter, Orkla Asia Pacific Pte, and shareholders Feroz Meeran and Navas Meeran.

3 min read

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Orkla India IPO allotment status finalised: The ₹1,667.54 crore initial share sale comprised only an offer for sale (OFS) of 2.28 crore shares by promoter Orkla Asia Pacific Pte Ltd and investors Navas Meeran and Feroz Meeran.

3 min read

news logo
Orkla India IPO Listing Date: The company's ₹1,667.54 crore IPO is a complete offer for sale of 2.28 crore equity shares by promoter Orkla Asia Pacific Pte Ltd and shareholders Navas Meeran and Feroz Meeran. There is no fresh issue component.

3 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Orkla India IPO ?

The issue size of the Orkla India IPO is 1667 Cr.

What is 'pre-apply' for Orkla India IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Orkla India IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.