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Orkla India Lists 3% Above IPO Price in Soft Market Debut

Orkla India Lists 3% Above IPO Price in Soft Market Debut

Post by : Bianca Haleem

Orkla India began trading on Thursday at a modest premium, opening about 3% above its issue price — a softer market debut than some investors and grey market indicators had forecast.

The shares were quoted at ₹750.10 on the National Stock Exchange (NSE), roughly 2.75% higher than the upper price band of ₹730. On the Bombay Stock Exchange (BSE), the stock opened at ₹751.50, an increase of 2.95%.

The ₹1,667-crore initial public offering attracted significant interest, being subscribed 48.73 times during October 29–31. The offer was priced in a band of ₹695 to ₹730 per share, and the company raised about ₹500 crore from anchor investors ahead of the public issue.

On listing, Orkla India’s market capitalisation was around ₹10,294.74 crore. Despite healthy fundamentals and recognised brands, the opening performance fell short of grey market expectations that had suggested listing gains near 9%.

Formerly MTR Foods, Orkla India is a diversified packaged-food company with a strong presence in southern India. Its portfolio covers spices, ready-to-eat meals, sweets and breakfast mixes under brands such as MTR, Rasoi Magic and Eastern.

While the debut lacked a sharp surge, investors still see Orkla India as an established player in India’s growing convenience-food segment, which is expected to expand in the years ahead.

Nov. 6, 2025 12:07 p.m. 1447
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