Preparing to invest in the next big IPO details? Orkla India Ltd.’s IPO opens on October 29, 2025, and investors have a narrow three-day window to participate before it closes on October 31, 2025.
Timing matters significantly with IPO investments. Retail investors who want to participate in Orkla’s IPO must apply through the retail or non-institutional investor category during this limited subscription period. Having all the crucial information beforehand can determine your application’s success.
In this piece, we’ll explore Orkla India’s IPO comprehensively – from the company’s background and market position to the price band, lot size, application process, and Grey market premium indicators. On top of that, we’ll share practical tips that will help your application process run smoothly.
Why Orkla IPO 2025 is Gaining Attention
The investment community can’t stop talking about the Orkla India IPO. Let me break down what makes this offering stand out from other IPOs.
Company background and business model
Orkla India Limited is the Indian branch of Orkla ASA, a Norwegian industrial investment company that’s 370 years old and operates in more than 100 countries. The parent company brings extensive global experience with its well-known brands and strong corporate governance.
The company’s story in India started in 2007 with MTR Foods acquisition. It then bought Eastern Condiments and brought Rasoi Magic into its family. This smart move created a food business that now offers about 400 products in different categories.
Orkla India focuses on two main areas:
- Spices (blended and pure)
- Convenience foods (ready-to-cook, ready-to-eat, and vermicelli products)
The company sells about 2.3 million units every day, which shows its strong market reach. It runs nine manufacturing facilities throughout India with a total capacity of 182,270 tons per year. The company also partners with manufacturers in India, UAE, Thailand, and Malaysia.
Market position and growth potential
Orkla India has become a powerhouse in South India’s packaged spices market. The Technopak Report shows the company owns 31.2% of the market in Karnataka, 41.8% in Kerala, and 15.2% in Andhra Pradesh and Telangana combined. Its brands MTR and Eastern reach 67.5% of retail outlets in Karnataka and 70.4% in Kerala, which beats the industry average of 30-40% by a lot.
The market keeps growing faster. India’s packaged food industry hit ₹10,180 billion in fiscal 2024, growing at 10.8% CAGR since fiscal 2019. The packaged spices market makes up 40% of India’s spice market at ₹345 billion in fiscal 2024. Experts expect it to reach ₹615 billion by fiscal 2029.
Higher disposable incomes, urban growth, lifestyle changes, and more working women boost Orkla India’s growth potential. The company keeps adding new products like MTR Minute Fresh batters, Ready-to-Eat sweets, and its new ‘Wok N Roll’ brand for Pan-Asian cuisine.
Investor interest and media coverage
The numbers tell a great story. Orkla India’s revenue grew 3% while profit after tax jumped 13% between FY24 and FY25. FY25 revenue reached ₹2,394.7 crore with an EBITDA of ₹355.05 crore (up 15% YoY), and profit after tax hit ₹255.69 crore. The company’s EBITDA margin stands at 14.8% and PAT margin at 10.7%. It has almost no debt.
The IPO structure is an Offer for Sale (OFS) of 2.28 crore equity shares. The money goes to selling shareholders, not the company. Orkla Asia Pacific Pte Ltd, Navas Meeran, and Feroz Meeran are the main sellers.
The Grey market premium shows strong investor interest, though these trends aren’t official guarantees. With a ₹10,000 crore valuation at the upper price band, the company is worth about four times its FY25 revenue. This valuation shows investors believe strongly in its future growth.
Important Dates to Remember
The right timing makes all the difference in any IPO investment. Orkla India’s IPO follows specific dates that investors should note to participate in this investment chance.
Subscription window
Orkla India’s IPO subscription starts on Wednesday, October 29, 2025, and runs for three days until Friday, October 31, 2025. This short window gives investors time to assess and submit their applications.
UPI applicants should remember the mandate confirmation deadline at 5 PM on October 31, 2025. You’ll miss your chance to participate whatever your interest level if you miss this cutoff.
The company will allocate shares to anchor investors on Tuesday, October 28, 2025, one day before public subscription begins. Most institutional investors watch this allocation as it shows big investors’ confidence in the IPO.
Allotment and refund dates
After subscriptions close, the focus shifts to share allocation. Orkla India plans to finalize the IPO share allotment basis on Monday, November 3, 2025[91]. This date determines your application’s success and share allocation numbers.
The company will process refunds on Tuesday, November 4, 2025. Your excess funds return to your account on this date if you don’t get your desired allocation or the lottery doesn’t pick your application.
Successful applicants will see Orkla India shares in their demat accounts on November 4, 2025[101][103]. So you’ll be ready to trade once the shares list.
Listing date on NSE/BSE
The IPO process ends with the listing day. Orkla India shares start trading on Thursday, November 6, 2025[91][101]. The shares will list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)[82][91].
Post-listing dates matter more to institutional investors. Retail investors should know that anchor investors’ shares have a lock-in period – 50% unlock on December 3, 2025, and the rest on February 1, 2026.
Here’s a quick timeline of Orkla IPO’s key dates:
| IPO Event | Important Date |
|---|---|
| Anchor Investor Allocation | October 28, 2025 |
| Subscription Opening | October 29, 2025 |
| Subscription Closing | October 31, 2025 (UPI deadline: 5 PM) |
| Allotment Finalization | November 3, 2025 |
| Refund Initiation | November 4, 2025 |
| Share Credit to Demat | November 4, 2025 |
| Listing on NSE & BSE | November 6, 2025 |
This timeline helps plan your investment strategy better. A single day’s delay could mean missing this investment chance. Set calendar reminders for these dates if you plan to invest in Orkla India’s IPO.
Understanding the Price Band and Lot Size
You need to know the financial details before putting your money in the Orkla IPO. Let’s look at the key pricing information and what it means for your investment plans.
Price band explanation
Orkla India’s IPO has a fixed price band from ₹695 to ₹730 per equity share. This range sets the boundaries for investors to bid for company shares. The company’s value stands at roughly ₹10,000 crore at the upper price limit.
The Orkla IPO is set up as an Offer for Sale (OFS) of up to 22,843,004 equity shares. Since it’s an OFS, the company won’t get any money from the share sale – it goes straight to the selling shareholders. Orkla India worked with Book Running Lead Managers to set these prices and published them in major newspapers like Financial Express, Jansatta, and Vishwavani.
Retail investor lot size
The smallest lot you can buy is 20 shares. You’ll need ₹14,600 to invest if you’re paying the upper price of ₹730 per share. This standard lot size helps organize participation from different types of investors.
Want to invest more? Retail investors can buy up to 13 lots or 260 shares. That’s about ₹1,89,800 at the upper price band. If you want to invest more than that, you’ll need to apply as an HNI (High Net-worth Individual).
The detailed investment breakdown looks like this:
| Application | Lots | Shares | Amount (at ₹730) |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,600 |
| Retail (Max) | 13 | 260 | ₹1,89,800 |
Implications for small investors
The minimum investment of ₹14,600 makes this IPO more available to retail investors than many others. That said, it’s still a substantial amount for many individual investors.
Small investors get a fair shot at allocation. The rules set aside at least 35% of the Net Offer for Retail Individual Bidders, as per SEBI ICDR Regulations.
Everyone except Anchor Investors must use the Application Supported by Blocked Amount (ASBA) process. You’ll need to provide your bank account or UPI ID details where the bid amount will be blocked. This makes the application process more transparent and efficient.
Based on the company’s financial performance and market position we discussed earlier, you should think about whether this investment matches your portfolio goals and risk appetite. The current Grey market premium hints at possible listing gains, but remember – these unofficial indicators don’t guarantee anything.
Grey Market Premium and Listing Outlook
The Grey market activity gives us a good idea about Orkla shares’ performance on listing day. Market trends and their meaning deserve a closer look for anyone planning to invest.
Current GMP and its movement
The Grey Market Premium (GMP) for Orkla India Ltd IPO reached ₹105-106 as of October 28, 2025. Market estimates suggest a listing price around ₹836 per share, calculated from the upper price band of ₹730. The GMP has shown notable changes in the last week. The premium hit its peak at ₹145 on October 24. It dropped to ₹132 on October 25 and settled at ₹114 by October 27. This downward movement points to shifting market sentiment as the IPO opening date gets closer.
What GMP tells us about demand
Grey market premium shows us how excited investors are before the official listing. The current GMP, even after recent drops, points to strong demand for Orkla shares. Investors seem ready to pay 14-15% above the IPO price, with premiums ranging from ₹105-114[252]. The company’s business model and growth prospects have earned market confidence. Financial experts say investor interest stays strong despite the premium changes.
Expected listing gains or risks
Current GMP patterns suggest possible listing gains between 14.38-15.6%. Successful applicants might earn around ₹2,280 per lot. The positive outlook looks promising, but remember that GMP data comes from unofficial sources and speculation. Smart investors should not rely just on Grey market trends that can change quickly. New IPO investors should focus on basic company strengths rather than short-term GMP movements to make smart choices.
Conclusion
Orkla India’s IPO gives investors a great chance to be part of India’s faster-growing packaged food industry. Without doubt, the company’s strong market position makes this offering worth a look, especially when you have its brands dominating South India through exceptional distribution networks. The company’s impressive financial performance shows growing revenues, healthy profit margins, and minimal debt that strengthen its investment appeal.
The IPO subscription window runs tight from October 29-31, 2025, leaving investors just three days to act. Getting your application materials ready and funds arranged ahead of time helps avoid any last-minute issues. The current Grey market suggests potential listing gains of 14-15%, but these unofficial indicators shouldn’t be your only reason to invest.
New IPO investors should weigh both the benefits and risks carefully. The minimum investment of ₹14,600 makes this offering available to many investors, but it needs careful thought. Your decision should align with Orkla’s fundamentals and your investment goals.
You can apply through ASBA or take the simplified UPI route. Learning the application process now will prepare you better for when subscriptions open. Success in IPO investing comes from good preparation and picking the right company at the right moment.
Frequently Asked Questions
The Orkla India IPO is valued at ₹1,667.54 crore and consists entirely of an offer for sale (OFS) of 2.28 crore equity shares. This means existing shareholders will be selling their shares, with no new equity being issued by the company.
As of October 28, 2025, the Grey Market Premium for Orkla India IPO is around ₹105-106, suggesting an estimated listing price of approximately ₹836 per share. This indicates strong market interest, with investors potentially willing to pay about 14-15% above the IPO price.
The Orkla India IPO opens for subscription on October 29, 2025, and closes on October 31, 2025. The basis of allotment is expected to be finalized on November 3, 2025, with refunds and share crediting occurring on November 4, 2025. The shares are scheduled to list on the NSE and BSE on November 6, 2025.
Investors can apply for the Orkla IPO through the ASBA process via their bank’s internet banking portal or by submitting a physical ASBA form. Alternatively, they can use the UPI method through broker apps. The minimum lot size is 20 shares, requiring an investment of ₹14,600 at the upper price band.
Orkla India has a strong presence in South India’s packaged spices market, with significant market shares in Karnataka (31.2%) and Kerala (41.8%). The company operates in the rapidly growing packaged food industry, which was valued at ₹10,180 billion in fiscal 2024 and is projected to continue expanding. Orkla’s diverse product portfolio and strategic acquisitions position it well for future growth in this market.
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