Orkla India Shares Slip Below IPO Price After Listing, Seen as a Good Entry Point
Orkla India shares initially listed at Rs 750, 2.7% above the IPO price, but soon fell below the issue price. Analysts suggest this flat debut may offer a good buying opportunity for long-term investors due to the company's strong brands MTR and Eastern, steady growth prospects, and increasing demand for packaged foods.
Orkla India, which listed its shares at Rs 750—approximately 2.7% above its initial public offering (IPO) price—experienced a decline soon after, with shares slipping below the IPO price. Despite this, market analysts are viewing the situation positively for investors with a long-term horizon. They highlight Orkla India's portfolio of strong, well-recognized brands such as MTR and Eastern, which are positioned to benefit from consistent growth trends in the packaged foods sector. The demand for packaged food in India is rising steadily, reinforcing potential for revenue expansion. Thus, the current share price dip post-listing is perceived as a potential entry point for investors aiming to capitalize on Orkla India's growth story over time. This viewpoint reflects confidence in the company’s fundamentals and market positioning, even in the face of a lackluster debut performance on the stock exchanges.
