Orkla India IPO Opens with Strong Grey Market Premium, Full Offer for Sale
Orkla India's Rs 1,667 crore IPO opens on October 29, 2025, with a grey market premium (GMP) of Rs 106 per share, signaling a potential 14.5% listing gain. The offering is entirely an Offer for Sale (OFS) by existing shareholders, with no fresh capital raised. Shares are expected to list on November 6, 2025, and the IPO will remain open for subscription until October 31, 2025.
The Orkla India IPO, valued at Rs 1,667 crore, begins public subscription on October 29, 2025, and closes on October 31, 2025. The issue is a 100% Offer for Sale, meaning existing shareholders—primarily the Norwegian parent Orkla ASA and its affiliates—are monetizing part of their holdings, and the company will not receive any proceeds from the offering. The price band is set at Rs 695–730 per share, with the grey market premium (GMP) currently at Rs 106, suggesting a potential listing price of around Rs 836 and an estimated 14.5% gain for investors if the stock debuts at this level. While the GMP has dipped slightly from earlier levels, market interest remains robust, reflecting healthy demand for the issue. The shares are expected to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 6, 2025. This IPO is notable in the FMCG sector, given Orkla India's strong brand portfolio—including MTR and Eastern—and its established distribution network across India and export markets. The offering structure and grey market activity provide early indicators of investor sentiment ahead of the official listing.
