Orkla India IPO Opens on October 29: Check Price Band, GMP, Allotment & Listing Details

Orkla India Ltd is preparing for its IPO launch next week on October 29 and is a highly anticipated listing in the Indian food and FMCG segment this year. The Rs. 1,667.54 crore IPO is a completely offer-for-sale (OFS) issue, involving the sale of 2.28 crore shares by existing shareholders.

The subscription window for Orkla India IPO will remain open till October 31st, and the shares are expected to be listed on both the NSE and BSE on November 6th, after the allotment is finalised on November 3rd. ICICI Securities Ltd. is the book-running lead manager, while Kfin Technologies Ltd. serves as the registrar for the issue.

Orkla India IPO Price Band, Lot Size, and Investment Details

The price band for the Orkla India IPO has been fixed between Rs. 695 and Rs. 730 per share. Retail investors can apply for a minimum of one lot (20 shares), requiring an investment of Rs. 14,600 at the upper end of the price band. For non-institutional investors, the sNII category requires a minimum of 14 lots (280 shares) amounting to Rs. 204,400, while the bNII category starts from 69 lots (1,380 shares) totalling Rs. 1,007,400.

Orkla India IPO GMP and Expected Listing Price

According to the current data from the InvestorGain website, the Orkla India IPO GMP or the grey market premium stood at Rs. 60 as of October 24, as of 1PM today. Based on the upper price band of Rs. 730, the estimated listing price is around Rs. 790 per share, with a potential 8.22% premium over the issue price. The positive GMP trend indicates healthy investor sentiment ahead of the subscription opening.

About Orkla India Limited

Orkla India, a subsidiary of Norway's Orkla ASA, is a well-established, fast-growing player in India's packaged food sector, with strong brands and significant market penetration.

Founded in 1924 with several acquisitions, including Eastern Condiments in 2012 and Rasoi Magic in 1999.​ The company is headquartered in Bangalore, India.

Orkla India specialises in a diverse range of packaged food products, particularly rooted in South Indian cuisine, under iconic brands like MTR, Eastern Condiments, and Rasoi Magic. It operates through a multi-category portfolio including spices, masalas, ready-to-eat sweets, breakfast mixes, and instant culinary products.