Orkla India Limited (popularly known under brand heritage as MTR Foods) is one of India’s leading multi-category packaged-food companies.
Orkla has its owns strong brands like MTR, Eastern Condiments and Rasoi Magic.
Grey market premium for Orkla India is currently ₹ 70
Orkla India is planning to raise around ~₹ 1667 Crore via this IPO.
Subscription date to apply for Orkla India will start from 29-31 Oct’25.
Price band for the IPO is around ~ ₹695 – ₹730 per share.
Here we share the details about IPO size, price band, grey market premium (GMP), financials, strengths & risks.
Orkla India IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 06-Nov | ₹695 – ₹730 | ₹ 70 | Positive | ₹ 800 | ₹ 1,400 |
| 05-Nov | ₹695 – ₹730 | ₹ 70 | Positive | ₹ 800 | ₹ 1,400 |
| 04-Nov | ₹695 – ₹730 | ₹ 71 | Positive | ₹ 801 | ₹ 1,420 |
| 03-Nov | ₹695 – ₹730 | ₹ 84 | Positive | ₹ 814 | ₹ 1,680 |
| 02-Nov | ₹695 – ₹730 | ₹ 85 | Positive | ₹ 815 | ₹ 1,700 |
| 01-Nov | ₹695 – ₹730 | ₹ 90 | Positive | ₹ 820 | ₹ 1,800 |
| 31-Oct | ₹695 – ₹730 | ₹ 72 | Neutral | ₹ 802 | ₹ 1,440 |
| 30-Oct | ₹695 – ₹730 | ₹ 68 | Neutral | ₹ 798 | ₹ 1,360 |
| 29-Oct | ₹695 – ₹730 | ₹ 95 | Positive | ₹ 825 | ₹ 1,900 |
| 28-Oct | ₹695 – ₹730 | ₹ 110 | Positive | ₹ 840 | ₹ 2200 |
| 27-Oct | ₹695 – ₹730 | ₹ 135 | Positive | ₹ 865 | ₹ 2700 |
| 26-Oct | ₹695 – ₹730 | ₹ 136 | Positive | ₹ 866 | ₹ 2720 |
| 25-Oct | ₹695 – ₹730 | ₹ 140 | Positive | ₹ 870 | ₹ 2800 |
| 24-Oct | ₹695 – ₹730 | ₹ 50 | Positive | ₹ 780 | ₹ 1,000 |
| 23-Oct | ₹695 – ₹730 | ₹ 41 | Positive | ₹ 771 | ₹ 820 |
Revenue, PAT, EBITDA of Orkla India
| Year | 2025 |
| Networth | ~ ₹ 2,459 Cr |
| Revenue: | ~ ₹ 2,394.7 Cr |
| EBITDA | ~ ₹396.4 Cr |
| PAT | ~ ₹255.7 Cr |
| EBITDA Margin: | ~ 16.6 % |
| PAT Margin | ~ 10.7% |
Orkla India Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2023 | ₹ 2,201 | ₹ 339 | ₹ 3,102 | ₹ 2,239 |
| 2024 | ₹ 2,388 | ₹ 226 | ₹ 3,375 | ₹ 2,807 |
| 2025 | ₹ 2,395 | ₹ 255 | ₹ 3,171 | ₹ 2,459 |
Orkla India IPO Pros & Cons
Strengths:
- Strong heritage brands (MTR, Eastern) with deep consumer recognition.
- Broad product portfolio and distribution reach (domestic + exports).
- Growth tailwinds in packaged food & convenience segments in India.
- Healthy financial metrics (high ROCE, decent margin).
Risks:
- Pure OFS means company gets no fresh capital for expansion. Investors should consider what drives future growth.
- Intense competition in the packaged food space; margins may be under pressure.
- Raw-material / commodity input volatility and regulatory / food-safety risks.
- Valuation premium might leave limited listing gain upside if market conditions are weak.
Orkla India: IPO date & invest detail
| IPO Open Date: | 29 Oct 2025 |
| IPO Close Date: | 31 Oct 2025 |
| Anchor Investor Bidding | 28-Oct’25 |
| IPO Allotment Date: | 03-Nov’25 |
| Refunds & Demat Credit | 04-Nov’25 |
| Tentative Listing Date: | 06-Nov’25 |
| IPO Category | Mainboard |
| Symbol | ORKLAINDIA |
| Face Value: | Rs.01 per Equity Share |
| Issue Size: | ~₹ 1667 Crore |
| Lot Size: | 42 |
Orkla India Composition & Proceeds
| Fresh Issue: | ~₹ 0 crore (Nil) |
| Offer for Sale: | ~₹ 1667 Cr |
| Employee reservation | Nil |
| Price Range | ₹695 – ₹730 |
| Use of Proceeds: | No utilization |
| Investment in NBFC subsidiary | ~₹ 0 crore (Nil) |
| Investment in margin trading subsidiary | ~₹ 0 crore (Nil) |
| Marketing & Brand Building | ~₹ 0 crore (Nil) |
| Strengthening cloud infrastructure | ~₹ 0 crore (Nil) |
| Inorganic growth by acquisitions and general corporate purposes | Balance |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≥ 35% |
| NII Quota: | ≥ 15% |
Orkla India Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | 20 | 1 | 20 | ₹ 14,600 |
| Retail (Max) | 20 | 13 | 260 | ₹ 1,89,800 |
| Small HNI (Min) | 20 | 14 | 280 | ₹ 2,04,400 |
| Small HNI (Max) | 20 | 66 | 1,320 | ₹ 9,63,600 |
| Big HNI (Min) | 20 | 67 | 1,340 | ₹ 9,78,200 |
Core Offerings of Orkla India
Orkla India has its various products in the categories like spices, masalas, and ready-to-eat/ready-to-cook convenience foods under brands like MTR and Eastern.
No. of Stores/Orkla India’s customer reach/market share
Orkla India expands its business across India and exports to ~42 countries.
With a reach to millions of outlets across, it has captured ~22% market share in Branded spices and Convenience foods.
Orkla India Promoters – Pre offer equity (Approx)
| Orkla Asia Pacific Pte Ltd | 45% |
| Orkla ASA (Norwegian parent) | 45% |
| Navas Meeran | 5% |
| Feroz Meeran | 5% |
Lead Managers / Registrars of Orkla India
| Lead / Book Running Lead Managers | ICICI Securities Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited |
| Registrar (RTA) | KFin Technologies Limited |
For more amazing blogs click here ( IPO Corner)
For further information you can visit official website of Orkla India