Orkla India Limited is launching its Initial Public Offering (IPO) to raise funds through a book-built offer, comprising a pure offer for the sale of 2.28 crore equity shares aggregating up to Rs. 1,667.54 crore. There is no fresh issue component in this IPO.
Orkla India IPO price band is set at Rs. 695 to Rs. 730 per share. The IPO opens for subscription on October 29, 2025, and closes on October 31, 2025. The shares will be listed on NSE and BSE on Thursday, November 6, 2025. Here’s everything you need to know.
GMP of Orkla India Limited IPO
As of October 28th, 2025, the shares of Orkla India Limited in the grey market were trading at Rs. 818, with a premium of 12.05 percent. This gives it a premium of Rs. 88 per share over the cap price of Rs. 730.
Overview of Orkla India Limited
Orkla India Limited was incorporated in 1996 and is a leading Indian food company offering a wide range of food products from breakfast to dinner. The company brings together some of India’s most loved brands like MTR Foods, Eastern Condiments, and Rasoi Magic, known for their authentic taste and quality.
Orkla India’s products include instant mixes, ready-to-eat meals, masalas, snacks, beverages, and convenience foods. It serves customers across India, especially in key markets like Karnataka, Kerala, Andhra Pradesh, and Telangana, and exports to 42 countries, including the GCC, the United States, and Canada.
As of June 30, 2025, the company offers over 400 products and sells around 2.3 million units daily. With nine manufacturing facilities in India and partnerships in the UAE, Thailand, and Malaysia, Orkla India ensures wide availability through a strong network of 834 distributors and 1,888 sub-distributors across 28 states and 6 union territories.
Promoters of Orkla India Limited
The promoters of the company are Orkla ASA, Orkla Asia Holding AS, and Orkla Asia Pacific Pte. Ltd. These promoters belong to Orkla Group, a leading Nordic conglomerate with significant global FMCG interests.
Selling Shareholders of Orkla India Limited
The entire IPO is an offer for sale (OFS) of equity shares by Orkla Asia Pacific Pte. Ltd, Navas Meeran, and Feroz Meeran. Orkla Asia Pacific Pte. Ltd, the Promoter Selling Shareholder, is offloading up to 2.06 crore shares.
Navas Meeran and Feroz Meeran, the Other Selling Shareholders, are selling up to 11.41 lakh shares each. There is no fresh issue of equity shares, and the company will not receive any IPO proceeds.
Lead Managers of Orkla India Limited IPO
The book-running lead managers for the IPO are ICICI Securities Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Kotak Mahindra Capital Company Limited. KFin Technologies Limited is the registrar of the issue.
Financial Analysis of Orkla India Limited
Orkla India Limited’s revenue from operations has increased from Rs. 2,356.01 crore in FY24 to Rs. 2,394.71 crore in FY25, which has grown by 1.64 percent. The net profit has also grown by 12.97 percent from Rs. 226.33 crore in FY24 to Rs. 255.69 crore in FY25.
Orkla India Limited’s revenue has grown at a CAGR of 4.99 percent over the last two years. The company has reported a revenue from operations of Rs. 597 crore and a net profit of Rs. 78.92 crore in the June Quarter 2025.
In terms of return ratios, the company’s ROCE stands at 32.7 percent. Orkla India Limited has an earnings per share (EPS) of Rs. 18.67. The company has a PAT Margin of 10.70 percent and an EBITDA Margin of 16.60 percent.
Orkla India Limited vs Peers
Orkla India reported a total revenue of Rs. 2,455.24 crore in FY2025 with an EPS of Rs. 18.7 and RoNW of 13.8 percent. In comparison, Tata Consumer Products Limited earned Rs. 17,811.55 crore with an EPS of Rs. 13.1 and a RoNW of 6.4 percent. Additionally, the company’s net asset value per share is Rs. 135.3, compared to Rs. 202.10 for Tata Consumer Products Limited.
Strengths of Orkla India Limited
- Strong brand portfolio across multiple food categories with deep consumer trust.
- Experienced promoters backed by the globally reputed Orkla Group.
- Widespread distribution network covering key urban and semi-urban markets.
- Integration of Eastern Condiments strengthened regional leadership and product diversity.
- Focused innovation and marketing strategy support long-term growth and brand recall.
Weaknesses of Orkla India Limited
- Heavy reliance on the Indian market may limit global growth diversification.
- Intense competition from established FMCG brands reduces pricing flexibility.
- Dependence on agricultural raw materials exposes the business to price volatility.
- Rising advertising and logistics costs may impact operating margins.
- Limited product penetration in northern and western India compared to southern regions.
Conclusion
Orkla India Limited’s IPO offers investors exposure to India’s resilient and fast-growing packaged food sector. With iconic brands, robust promoter backing, and expanding distribution, the company is positioned for sustainable growth.
However, investors should evaluate competitive pressures, input cost risks, and regional dependence before investing. Overall, the IPO reflects a strategic step for Orkla India to strengthen its market presence and public profile.
Written By – Nikhil Naik
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