🔥 Orkla India IPO: Last Day to Bid as GMP Climbs to 9%—Key Details You Should Know
The Orkla India IPO is set to close for subscription today, marking the final opportunity for investors to participate in one of the most talked-about issues of the season. The IPO, with a price band of ₹695–₹730 per share, aims to raise ₹1,667.54 crore through a complete offer for sale (OFS) of 2.28 crore shares.
đź“Š Orkla India IPO Key Details
- Price Band: ₹695 – ₹730 per share
- Issue Size: â‚ą1,667.54 crore
- IPO Dates: October 29 – 31
- GMP: 9%
- Allotment Date: November 3
- Listing Date: November 6 (tentative)
- Lead Manager: ICICI Securities
- Registrar: KFin Technologies
The IPO opened on October 29 and will close on October 31, with allotment expected on November 3 and listing on the BSE and NSE on November 6. Investor enthusiasm has remained high, reflected in the active grey market premium (GMP), which has risen to 9% ahead of listing.
🍴 About Orkla India
Orkla India is a diversified Indian food company known for its popular brands — MTR, Eastern Condiments, and Rasoi Magic. The company offers a wide range of products catering to every meal occasion, from breakfast to dinner, snacks, beverages, and desserts.
Rooted in South Indian culinary traditions, Orkla India has built a reputation for authentic flavors and consistent quality.
🌶 Market Presence
The company holds a 31% market share in Karnataka and 42% in Kerala in the packaged spices segment, along with an 18.6% pan-India share in the ready-to-eat and ready-to-cook convenience food category. This strong regional presence underlines its dominance in the South Indian market.
As the IPO nears closure, investor interest remains strong — signaling optimism toward India’s expanding packaged food and FMCG sector.
For latest news about finance, stay tuned With Times of India.