Orkla’s India Unit Ipo Opens Next Week

Credit: MTR Foods

Orkla’s Indian portion will motorboat its first nationalist offering (IPO) adjacent week aft securing regulatory clearance to database its equity shares connected home exchanges. 

The Norway-headquartered CPG group said nan connection model for nan shares from its Indian subsidiary will tally from 29-31 October. So-called anchor investors will beryllium submitting bids connected 28 October.

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Orkla has group nan IPO value set astatine Rs695 ($7.9) to Rs730 per share, according to a connection issued coming (24 October).

The offer, arsenic outlined successful nan reddish herring prospectus (RHP), is for nan waste of up to 22.8 cardinal shares by nan group’s subsidiary Orkla Asia Pacific and different shareholders. 

Orkla Asia Pacific plans to waste up to 20.5 cardinal shares, aliases astir 90% of nan full offered.  

According to nan RHP, Orkla India, which trades arsenic MTR Foods, will not person immoderate proceeds from nan sale. 

Orkla India operates successful nan spices and convenience foods categories nether nan MTR and Eastern brands, covering products for breakfast, lunch, and dinner, on pinch beverages and desserts.  

Spices accounted for 66.3% of nan company’s gross successful nan 4th to 30 June and 66.6% successful fiscal 2025, nan RHP archive shows.

In worth terms, herb income were Rs3.89bn successful nan June 2025 quarter; yearly income were Rs15.71bn successful fiscal 2025 and Rs15.91bn successful fiscal 2024. 

Convenience foods contributed 33.7% of gross successful nan 4th and 33.4% successful fiscal 2025, compared pinch 31.5% successful 2024.  

Orkla acquired Bengaluru-based MTR Foods successful 2007. MTR Foods subsequently bought Eastern Condiments successful 2020. 

Subject to last listing and trading approvals, Orkla India’s shares are expected to statesman trading connected aliases astir 6 November.