Prominent investors who subscribed to the anchor book include Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, LIC Mutual Fund, Baroda BNP Paribas Mutual Fund, Nomura Funds Ireland, Government Pension Fund Global, Jupiter India Fun.
The IPO is a pure offer for sale of 2.28 crore equity shares, aggregating to Rs 1,667.54 crore. No fresh funds are being raised, which means the proceeds will go to the selling shareholders, primarily the promoter entities — Orkla ASA, Orkla Asia Holdings AS, and Orkla Asia Pacific Pte Ltd.
The company has fixed a price band of Rs 695–730 per share, with a minimum lot size of 20 shares, translating to a minimum investment of Rs 14,600 for retail investors.
Orkla India owns several household brands such as MTR Foods, Eastern Condiments, and Rasoi Magic, making it a formidable player in the Indian packaged foods space. Its product range spans breakfast mixes, spices, ready-to-eat meals, and beverages.
The company operates nine manufacturing units across India and also uses contract facilities in the UAE, Thailand, and Malaysia. It sells over 2.3 million units daily across 28 states and 6 union territories, exporting to 42 countries.Orkla India is a category leader in southern India and is expanding nationally. Its distribution network includes 834 distributors and 1,888 sub-distributors, giving it deep regional penetration and strong control over supply chains.For FY25, the company reported revenue of Rs 2,455 crore, up 3% YoY, and profit after tax of Rs 256 crore, up 13% YoY. EBITDA stood at Rs 396 crore, implying healthy margins of 16.6%, while PAT margin was 10.7%.
At the upper end of the price band, the IPO values the company at a P/E of 31.7x post-issue and a market capitalization of about Rs 10,000 crore. This is broadly in line with other FMCG peers like Marico and Tata Consumer, though at a slight discount to premium names such as Nestle India and Hindustan Unilever.