Orkla India IPO Subscribed Over 20% on Day 1 with Positive GMP and Analyst Recommendations
Orkla India’s IPO, priced between Rs 695–730 and worth Rs 1,667 crore, was subscribed over 20% within the first hour on its opening day, showing strong participation from retail and non-institutional investors. The IPO carries a grey market premium of Rs 77, suggesting a 10.5% listing gain. Analysts recommend a long-term subscribe, highlighting the company’s strong brand and solid financials.
Orkla India Foods Private Limited, known for its iconic brands like MTR and Eastern, launched a Rs 1,667 crore IPO from October 29 to 31, 2025, with shares priced in the Rs 695–730 range. On day one, the IPO received a 22% subscription within the first hour, rising to approximately 27% during the day, driven particularly by strong retail and non-institutional investor demand, while qualified institutional buyers showed limited activity so far. The IPO is a complete offer for sale by existing shareholders including Orkla Asia Pacific and promoters, meaning no fresh capital will be raised by the company itself. Grey market premiums fluctuated around 9-14%, indicating positive market sentiment and a likely 10.5% listing gain. Orkla India, headquartered in Bengaluru, distributes over 2.3 million units daily and exports to more than 40 countries, leveraging a manufacturing footprint in India and abroad. Analysts view the IPO favorably, recommending investors subscribe for long-term gains due to Orkla's strong legacy, brand portfolio, and financial performance. Listing is scheduled for November 6, 2025, with allotment and share credit in early November. This IPO marks a significant milestone for the company, building on the legacy of established Indian culinary brands under the Norwegian parent Orkla ASA.
