Orkla India IPO 2025: Opens 29 October – Price Band, GMP & Investor Guide
Orkla India IPO 2025: Orkla India, formerly known as MTR Foods, is all set for a blockbuster IPO from 29–31 October 2025. With a robust FMCG portfolio, strong revenue growth, and wide nationwide distribution, this IPO is attracting attention from retail and institutional investors alike. Here’s a complete guide for investors looking to participate.

What Are the Key Dates for Orkla India IPO 2025?
| Particulars | Details |
|---|---|
| IPO Open Date | 29 October 2025 |
| IPO Close Date | 31 October 2025 |
| IPO Allotment Date | 3 November 2025 |
| Refund Date | 4 November 2025 |
| Demat Credit Date | 4 November 2025 |
| Listing Date | 6 November 2025 (BSE & NSE) |
| IPO Bidding Cutoff Time | 5 PM, 31 October 2025 |
How Is the Orkla India IPO 2025 Priced & Structured?
| Particulars | Details |
|---|---|
| Price Band | ₹ 695 – ₹ 730 per share |
| Issue Size | ₹ 1,667.54 crores |
| Offer Type | Book Built Issue (Fresh + OFS) |
| Offer for Sale (OFS) | 22,843,004 equity shares |
| Face Value | ₹ 1 per share |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI/NII Quota | 15% |
| Minimum Lot | 20 shares (~₹ 14,600) |
| Maximum Retail Application | 13 lots (260 shares, ₹ 1,89,800) |
Note: Investors can apply through ASBA, UPI, or offline channels.
What Is the Orkla India IPO 2025 Grey Market Premium (GMP) Trend?
| Date | GMP (₹) | Trend | Approx. Listing Gain |
|---|---|---|---|
| 25 Oct 2025 | 145 | Up | 19.86% |
| 24 Oct 2025 | 115 | Up | 15.75% |
| 23 Oct 2025 | – | – | – |
Insight: A rising GMP indicates strong investor demand, but actual listing gains may differ.
Who Are the Promoters & What Is the Holding Pattern?
| Promoter | Pre-Issue Shares | % Holding | Post-Issue Shares | % Holding |
|---|---|---|---|---|
| Orkla ASA | 13,69,89,230 | 90% | 13,69,89,230 | – |
| Orkla Asia Holdings AS | – | – | – | – |
| Orkla Asia Pacific Pte Ltd | – | – | – | – |
Note: Promoters retain a majority stake, showing confidence in the business.
How Will the Orkla India IPO 2025 Proceeds Be Utilized?
The Orkla India IPO proceeds (majorly OFS) will cover:
- Fees and commissions to lead managers
- Advertising and marketing expenses
- Registrar fees
- Bank, broker, RTAs, and CDP processing fees
- Printing & distribution of offer documents
- SEBI and stock exchange regulatory fees
- Legal, statutory auditor, and intermediary payments
- Miscellaneous expenses
Note: Since a large portion is an OFS, the company will not receive significant fresh capital.
What Products & Brands Does Orkla India Offer?
Orkla India is a multi-category FMCG player offering over 400 products.
Key Brands & Products:
- Spices: Sambar Masala, Chicken Masala, Puliogare Masala, Rasam Masala, Meat Masala
- Blended Spices: Chilli, Kashmiri Chilli, Turmeric, Coriander, Cumin
- Convenience Foods: Gulab Jamun Mix, Rava Idli Mix, 3-Minute Poha, Dosa Mix
Distribution: 843 distributors and 1,800 sub-distributors across 28 states and 5 union territories.
How Has Orkla India IPO 2025 Performed Financially?
Revenue, Expenses & PAT (₹ Cr)
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 2,201.44 | 1,943.72 | 339.13 | 3,101.96 |
| 2024 | 2,387.99 | 2,083.37 | 226.33 | 3,375.19 |
| 2025 | 2,455.24 | 2,066.15 | 255.69 | 3,171.30 |
Valuation Metrics FY2025:
- ROCE: 32.7%
- PAT Margin: 10.7%
- EPS (Basic): ₹ 18.7
- NAV: ₹ 135.3
- RoNW: 13.8%
- Debt-to-Equity: N/A
Peer Comparison
| Company | EPS | P/E | RoNW (%) | NAV | Revenue (₹ Cr) |
|---|---|---|---|---|---|
| Orkla India | 18.7 | N/A | 13.8 | 135.3 | 2,455.24 |
| Tata Consumer Products | 13.1 | 85.9 | 6.4 | 202.1 | 17,811.55 |
Also Read: Peyush Bansal’s Big Moment! Lenskart IPO 2025 to Raise ₹7,278 Crore on Dalal Street
What Are the Market Lot & Application Sizes?
| Investor Type | Lot Size | No. of Shares | Amount (₹) |
|---|---|---|---|
| Retail Min | 1 | 20 | 14,600 |
| Retail Max | 13 | 260 | 1,89,800 |
| S-HNI Min | 14 | 280 | 2,04,400 |
| B-HNI Min | 69 | 1,380 | 10,07,400 |
Who Are the Lead Managers & Registrar?
Lead Managers:
- ICICI Securities Ltd
- Citigroup Global Markets India Pvt Ltd
- J.P. Morgan India Pvt Ltd
- Kotak Mahindra Capital Company Ltd
Registrar:
- KFin Technologies Limited
- Email: orklaindia.ipo@kfintech.com
- Phone: 04067162222 / 04079611000
Company Contact:
- Orkla India Ltd, No.1, 2nd & 3rd Floor, 100 Feet Inner Ring Road, Ejipura, Bengaluru
- Phone: +91 80 4081 21
- Email: investors@orklaindia.com
Orkla India IPO 2025 FAQs
Q1. What is Orkla India IPO?
A: A mainboard IPO raising ₹ 1,667.54 Cr. Price band ₹ 695–₹ 730 per share.
Q2. When does the IPO open & close?
A: Opens 29 Oct 2025, closes 31 Oct 2025.
Q3. How can investors apply?
A: Through ASBA, UPI via brokers, or offline channels.
Q4. What is the lot size?
A: Minimum 20 shares, maximum 260 shares for retail investors.
Q5. What is the allotment & listing date?
A: Allotment 3 Nov 2025, Listing 6 Nov 2025 on BSE & NSE.
Q6. What is the allocation quota?
A: QIB 50%, HNI/NII 15%, Retail 35%.
Conclusion & Investor Takeaway
Orkla India is a well-established FMCG brand with consistent revenue growth, wide reach, and diversified product lines. Retail investors should focus on long-term growth potential rather than immediate listing gains. The IPO provides an opportunity to participate in India’s growing packaged food market.
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Disclaimer: This article is based on publicly available information and does not constitute financial advice. Investors should consult certified financial advisors before making investment decisions.





