Today marks a major milestone for investors who applied for the Orkla India Ltd IPO: allotment is being finalised, and the next chapter — listing day — is looming. Here’s everything you need to know.
Allotment & next steps
The Orkla India IPO — a ₹1,667.54 crore book-build issue — was open for subscription from October 29 to October 31. The allotment process is scheduled to conclude today (November 3), after which refunds (for unsuccessful bidders) and demat credit (for successful applicants) should follow on November 4. Shares are expected to list on the stock exchanges on November 6.
Once the basis of allotment is announced, you’ll want to check your status online via your PAN, application number or demat account.
How to check your allotment status
You can verify whether you’ve been allotted shares of Orkla India in any of the following ways:
- Visit the registrar’s website: Kfin Technologies Ltd. Choose “Orkla India Limited” under IPO allotment, enter your PAN/application number/demat ID and submit.
- Visit the National Stock Exchange of India (NSE) website, select the IPO issue name and submit your details.
- Visit the Bombay Stock Exchange (BSE) website and follow similar steps under their IPO allotment status section.
Make sure you have your PAN or application number ready — you’ll get your allotment result instantly once the basis is live.
Market mood & GMP signals
The grey-market premium (GMP) for Orkla India IPO has been active and positive: it is signalling a potential listing gain of ~10 % or more above issue price. That reflects strong investor interest heading into listing day.
However: a strong GMP isn’t a guarantee of sustainable long-term performance. It simply reflects short-term market sentiment and expected listing uplift.
Key IPO details at a glance
- Price band: ₹695–₹730 per share
- Issue size: ₹1,667.54 crore (OFS only; no fresh capital raised)
- Allotment date (expected): November 3
- Refunds/demat credit: November 4
- Listing date (expected): November 6
- GMP (unofficial): ~10 % above issue price (implying a listing price estimate above ₹800)
What this means for you
If you applied, keep an eye on the allotment portal today — you’ll either see your shares credited or receive confirmation of refund. If you’re allotted, you’ll want to watch the market closely on listing day (November 6) and decide whether you hold for the long term or wait for the listing premium.
If you aren’t allotted, don’t worry — you’ll get your refund shortly and can use this IPO experience to refine your strategy for future issues.
Final word
The Orkla India IPO has drawn strong demand, backed by familiar brands (like MTR and Eastern) and favourable market sentiment. While the listing appears promising, keep in mind: the IPO is an Offer for Sale (existing shareholders are selling), so long-term growth should be assessed separately from the listing buzz.
Stay tuned, check your allotment result, and be ready for listing day — the next move is just around the corner.