The Orkla India IPO—from the parent company of MTR Foods and Eastern Condiments—enters its final day of bidding today, Friday, October 31. The ₹1,667 crore issue continues to attract strong investor interest, with the IPO subscribed 3.7 times overall so far.
📈 Subscription Status (As of 10:30 AM)
- Retail Investors (RII): 2.50x
- Non-Institutional Investors (NII): 11.32x
- Qualified Institutional Buyers (QIB): 0.07x
The issue will close by the end of today, marking the last opportunity for investors to apply for shares in the popular packaged food maker.
💰 IPO Details — Price Band, Size, and Key Dates
- Price Band: ₹695 – ₹730 per share
- Issue Size: ₹1,667.54 crore (Offer for Sale of 2.28 crore shares)
- Lot Size: 20 shares
- Employee Discount: ₹69 per share
- Allotment Date: November 3, 2025
- Listing Date: November 6, 2025 (BSE & NSE)
- Lead Manager: ICICI Securities Ltd
- Registrar: Kfin Technologies Ltd
🍲 About Orkla India
Formerly known as MTR Foods, Orkla India is a household name in the Indian food industry. The company’s portfolio includes iconic brands such as MTR, Eastern, and Rasoi Magic, covering spices, ready-to-eat meals, breakfast mixes, and traditional sweets.
With over 834 distributors and 1,888 sub-distributors across 28 states and 6 union territories, Orkla India maintains a strong presence—especially in southern markets.
📊 Grey Market Premium (GMP) Today
According to IPO tracking platforms, the Orkla India IPO GMP stands at ₹72 per share, implying that the stock is trading around ₹802 in the grey market — roughly 10% above the upper price band.
This positive sentiment hints at a potential 10% listing gain when the stock debuts on November 6.
💬 Analyst Sentiment — ‘Subscribe’ for Long-Term Growth
Market experts remain bullish on the issue, citing Orkla’s strong fundamentals and brand strength.
“At the upper band of ₹730, Orkla India’s valuation of ~31.7x (FY26E) appears reasonable versus peers. With a trusted brand portfolio, solid distribution network, and consistent cash flows, the company is well-placed for steady growth,” said Geojit Investments, giving it a ‘Subscribe’ rating for long-term investors.
Similarly, Choice Broking highlighted Orkla’s leadership in the spice and convenience food segments, calling it “a strong consumer play with high return potential.”
🧂 Industry Outlook
India’s spices and convenience foods market continues to expand rapidly:
- The spices market grew 11.5% CAGR, reaching ₹1.23 trillion in FY24 and is projected to hit ₹2.08 trillion by FY29.
- The ready-to-eat and convenience food sector is expected to double in size by FY29, driven by urbanization and evolving consumer lifestyles.
Orkla India’s heritage, product diversity, and nationwide reach make it well-positioned to tap into these growth trends.
🗓️ Key Takeaways
- Final Day to Apply: October 31, 2025
- GMP Premium: ₹72 (~10%)
- Analyst Call: ‘Subscribe’ for long-term investors
- Listing Date: November 6, 2025
