Orkla India Ltd, the Indian arm behind well-known packaged food brands such as MTR and Eastern, made a positive but measured debut on the stock exchanges on 6 November 2025. The company’s shares were listed at ₹750.10 on the NSE and ₹751.50 on the BSE, which is about 2.75–3% higher than the IPO issue price of ₹730. Soon after listing, the stock saw some intraday volatility and slipped below the opening level, but the debut still reflected healthy investor interest in India’s branded food and condiments space.
IPO Size and Structure
Orkla India raised ₹1,667.54 crore through its initial public offering. The public issue was structured as a complete offer for sale (OFS) of 2.28 crore (22.8 million) equity shares. Since the issue was entirely an OFS, the company itself will not receive any fresh capital from the listing. The proceeds will go to the selling shareholders, which include Orkla ASA, Orkla Asia Holdings AS and Orkla Asia Pacific Pte Ltd.
- Issue size: ₹1,667.54 crore
- Price band: ₹695–₹730 per share
- Issue period: 29 October – 31 October 2025
- Lot size: 20 shares
Strong Subscription Momentum
Despite the moderate listing gain, the IPO saw robust demand during the bidding window. As per NSE data, the issue was subscribed to 48.7 times. The appetite was particularly strong from large, long-term investors.
- Overall subscription: 48.7×
- QIB (Qualified Institutional Buyers): 117.63×
- Non-Institutional Investors (NIIs): 54.42×
- Retail investors: 7.05×
This subscription pattern shows that institutional investors placed a high degree of confidence in Orkla India’s business model, scale, and brand portfolio.
What the Company Does
Orkla India is a multi-category packaged foods company in India. It manufactures and markets products across everyday food categories such as:
- Spices and masalas
- Breakfast mixes
- Ready-to-eat and convenience foods
- Sweets and traditional mixes
These are sold largely under its flagship brands MTR and Eastern, both of which enjoy strong recall in Indian households, especially in southern markets. The company has also been expanding distribution through modern retail, e-commerce and HoReCa channels, which has supported steady growth in volumes.
Listing Day Movement
- NSE listing: ₹750.10 per share (≈2.75% premium)
- BSE listing: ₹751.50 per share (≈3% premium)
- Issue price: ₹730 per share
- Post-listing low: around ₹715 on the NSE
So while the opening was in the green, the stock did witness selling pressure intraday, which is common when the listing premium is modest and a large OFS has just concluded.
Why the Issue Drew Interest
From the disclosures and market commentary in the source articles, a few factors stood out:
- Established brands: MTR and Eastern give Orkla India a ready platform in spices and convenience foods.
- Consumer staples tailwind: Rising preference for branded, packaged, and ready-to-cook products continues to support companies in this segment.
- Operational improvements: The company has reported steady revenue growth and better profitability on the back of value-added products, process efficiencies and wider distribution.
- High-quality investor participation: The very strong QIB and NII subscription numbers indicate that large investors see the business as scalable.
Offer Administration
- Book-running lead managers: ICICI Securities, Citigroup Global Markets India, JP Morgan India, and Kotak Mahindra Capital Company
- Registrar to the issue: KFin Technologies
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Conclusion
Orkla India IPO delivered a modest but positive stock market debut at about 3% above the issue price. Even though the listing gain was not very sharp, the 48.7× overall subscription, particularly the heavy participation from QIBs, underlines market confidence in the company’s brand strength, packaged foods portfolio, and growing distribution footprint. Since the IPO was a pure OFS, the listing mainly served to provide liquidity and an exit route to existing shareholders while taking a well-known packaged foods business to the public markets.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
