Orkla India IPO: Price band, lot size, objectives, key dates, and other details of MTR and Eastern Spices maker

Orkla India IPO: The initial public offering of Orkla India Limited, the owner of spices and condiments brands MTR and Eastern, will hit the primary market on October 29. The price band has been fixed at ₹695 to ₹730 per share.

The bidding for anchor investors will take place on October 28. The issue will conclude on October 31.

The initial share sale is solely an offer for sale of 22,843,004 shares worth ₹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.

Under the OFS, promoter Orkla Asia Pacific Pte Ltd and other selling shareholders - Navas Meeran and Feroz Meeran - are offloading their stake.

Orkla India IPO: Lot size

A lot consists of 20 shares and in multiples thereafter. Half of the net offer has been set aside for qualified institutional buyers (QIBs), 35% for retail individual investors and 15% for non-institutional investors.

Orkla India IPO timeline: Allotment and listing date

ICICI Securities, JP Morgan India, Kotak Mahindra Capital Company and Citigroup Global Markets India are the IPO's book running lead managers, while KFin Technologies serves as the registrar.

About Orkla India

Orkla India is a multi-category Indian food company, offering an array of products. The company, which sells products under the MTR and Eastern brands, was one of the top four firms in terms of revenue among select leading spices and convenience food peers in fiscal 2024, according to the Technopak Report.

In spices, its key products include sambar masala, puliogare masala, chicken masala, rasam masala and meat masala, among others. It offers chilli, Kashmiri chilli, coriander, turmeric, and cumin, among others, in pure spices.

The company's convenience food products include Gulab Jamun mix, 3-Minute Poha, Rava Idli mix and Dosa mix. As of June 2025, it has approximately 400 products.