Orkla India IPO: Price, Analysis, Allotment, And GMP

Orkla India IPO - Company Analysis

Orkla India IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 1,667.54 Cr by Orkla India Ltd. (formerly MTR Foods Private Limited), and is a food manufacturer based in Bengaluru and a part of Orkla ASA, a Norwegian multinational.

Through its well-known brands, Orkla India has established a dominant position in the spices, condiments, ready-to-eat meals, and convenience foods sector. 

Orkla India IPO Details

The Orkla India Ltd IPO open date is from Oct 29 to Oct 31, with IPO allotment on Nov 03, refund initiation on Nov 04, 2025.

The Rs. 1,667.54 Cr mainline IPO comprises a wholly offer for sale (OFS) of 2.28 crore shares.

The Orkla India IPO listing date might be on Thursday, 06 November 2025, and it will be listed at the BSE and NSE. The Orkla India IPO price band is Rs. 695 to Rs. 730 for each Share. 

Events	Date
IPO Opening Date	October 29, 2025
IPO Closing Date	October 31, 2025
IPO Allotment Date	November 03, 2025 (Tentative)
Refund Initiation	November 04, 2025 (Tentative)
Tentative IPO Listing Date	November 06, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024
Assets	3,158.20	3,171.30	3,375.19
Total Income	605.38	2,455.24	2,387.99
Profit After Tax	78.92	255.69	226.33
EBITDA	111.75	396.44	343.61
Net Worth	1,931.12	1,853.47	2,201.48
Reserves & Surplus	2,523.56	2,445.80	2,793.35
Total Borrowing	2.33	-	3.77

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	3,916.7	2,963.8	1,904.2
Net Cash Flow Investing Activities	2,629.4	(2,365.3)	(1,650.7)
Net Cash Flow Financing Activities	(6,129.1)	(448.8)	(151.4)

 

Revenue Bifurcation 

Product-wise Breakdown

(Source RHP)

The Objective of The Issue

• Fees and commissions that must be paid to the Book Running Lead Managers, including fees for selling, brokerage, and underwriting.

• Marketing and promotion costs for the offer.

• Charges due to the Offer's Registrar.

• SCSBs, the sponsor bank or banks, and the bankers to the offer pay a commission or processing charge.  Commissions for brokerage, sales, and bids for Syndicate Members, Registered Brokers, RTAs, and CDPs.

• Producing and delivering offer stationery.

• Additional costs, such as listing fees, filing fees for SEBI, processing fees for the BSE and NSE, fees for book building software, and other regulatory costs.

• Fees owed to additional offer intermediaries, such as independent chartered accountants, practicing company secretaries, statutory auditors, and industry data providers, among others.

• The amount owed to attorneys.
  
  

Click to check the IPO application status.

Listed Peers of Orkla India Ltd.

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Tata Consumer Products Limited	1	13.1	90.1

 

Valuation

Ratio	Value
ROCE	32.7%
RoNW	13.8%
PAT Margin	10.70%
EBITDA Margin	16.60%
Price to Book Value	5.40

 

 

Evaluation of P/E Ratio

The company's IPO price of Rs. 730 corresponds to a P/E multiple of 39.03x based on FY25 EPS of Rs. 18.7.

Explore the Jayesh Logistics IPO.

IPO's Strengths

• Leadership in category markets & powerful brand equity.

• A wide range of products adapted to local flavors.

• A robust infrastructure for manufacturing.

• Orkla ASA (Norway) supports and patronizes.

• Effective network for contract manufacturing and supply chain.
  
  

IPO Weaknesses

• Price volatility for raw materials.

• South Indian markets dependency.

• High level of competition in the FMCG and spices sector.

• Dependency on imports and foreign exchange.

• Potential supply chain and contract manufacturing disruptions.

 

Orkla India IPO GMP 

Orkla India IPO GMP today is Rs. 80 as of 24 Oct 2025, while writing this information. 

 

Orkla India Limited IPO Summary

IPO Opening & Closing Date	Oct 29, 2025 to Oct 31, 2025
Face Value	Rs. 1 per Share
Issue Price	Rs. 695 to Rs. 730
Lot Size	20 Shares
Issue Size	2,28,43,004 Shares (Rs. 1,667.54 Cr)
Offer for Sale	2,28,43,004 Shares (Rs. 1,667.54 Cr)
Fresh Issue	-
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Kfin Technologies Ltd.

 

 

Orkla India IPO Lot Size

The Orkla IPO allows retail investors to invest in a minimum and maximum of 1 Lot (20 Shares) amounting to Rs. 14600 and 13 Lots (260 Shares) amounting to Rs. 189800, respectively, while for S-HNI investors, the minimum Lot is 14 (280 Shares) amounting to Rs. 2,04,400.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	68 Lots
BHNI (Minimum)	69 Lots

Orkla India IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Orkla India IPO Allotment Status

To check the Orkla India IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Orkla India Ltd.

• Orkla Asa

• Orkla Asia Holdings As

• Orkla Asia Pacific Pte Ltd.
  
  

Pre-Issue Promoter Shareholding	90%
Post-Issue Promoter Shareholding	-

 

Orkla India IPO Lead Managers

• ICICI Securities Limited

• Citigroup Global Markets India Private Limited

• J.P. Morgan India Private Limited

• Kotak Mahindra Capital Company Limited.

Dividend Policy

The company has paid a dividend of Rs. 438 per equity Share in FY25.

Conclusion

The Orkla India IPO provides the opportunity to invest in an established FMCG business and a significant player in the spices and convenience food market. With global parent company Orkla ASA and robust financial growth, the company is set to grow its presence in India and abroad.  

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.