GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

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. 712
Tech

More Trending News

Featured Stories

Indonesia Limits Ride-Hailing Commissions to 8%
May 1, 2026 2:21 p.m.
President Prabowo's new policy reduces ride-hailing commission to 8%, enhancing driver earnings and mandating insurance for enhanced safety.
Read More
Strengthening Business Resilience: Dubai Chamber's Q2 Meeting
May 1, 2026 1:41 p.m.
Dubai Chamber convenes 64 groups to fortify business resilience and competitiveness amid evolving global dynamics.
Read More
Dubai Celebrates Erth Awards Recipients for Cultural Preservation
May 1, 2026 1:32 p.m.
Dubai honors Erth Awards recipients for their role in preserving cultural heritage, with over 25,000 entries representing community stories.
Read More
New Footage Unveils Attempted Attack at White House Dinner
May 1, 2026 1:31 p.m.
Footage released captures the moment a gunman tried to attack the White House Correspondents' Dinner, aiming at officials.
Read More
Pakistan Acts to Mitigate Middle East Tensions
May 1, 2026 1:28 p.m.
Pakistan enhances diplomatic efforts with Iran and the US to foster dialogue and stabilize the Middle East.
Read More
Health-Care Expansion Contracts Canceled, Sparking Community Outrage
May 1, 2026 1:26 p.m.
Communities express concern as the provincial government halts health-care facility construction contracts, jeopardizing hospital projects.
Read More
Dubai Press Club Explores Media's Influence On Geopolitical Dynamics
May 1, 2026 1:25 p.m.
A pivotal session by Dubai Press Club examined media's vital role amid geopolitical challenges involving misinformation and narrative control.
Read More
Court Directs Alberta Separatist Group to Eliminate Voter Database
May 1, 2026 1:19 p.m.
An Alberta court has directed a separatist group to delete a database with personal details of nearly three million voters amidst privacy concerns.
Read More
Ronaldo Reflects on Retirement While Chasing League Success
May 1, 2026 1:19 p.m.
Cristiano Ronaldo discusses nearing the end of his career as he aims for league titles with Al-Nassr, inspiring future generations.
Read More
Sponsored
Trending News
DAE's First Quarter Financial Surge Sets New Highs

DAE's First Quarter Financial Surge Sets New Highs

Dubai Aerospace Enterprise sees record first-quarter revenue and profit growth, alongside a major ac
April 29, 2026 2:22 p.m. 203
Sony's PS5 Price Increase Set for Southeast Asia on May 1

Sony's PS5 Price Increase Set for Southeast Asia on May 1

Starting May 1, 2026, Sony will raise PS5 prices across Southeast Asia. Discover what this means for
April 28, 2026 2:42 p.m. 218
Potential Super El Niño 2026: Understanding Climate Threats

Potential Super El Niño 2026: Understanding Climate Threats

Is a Super El Niño on the horizon for 2026? Explore its potential effects and global climate implica
April 27, 2026 12:30 p.m. 261
Global Oil Supply Crisis Heightens Market Uncertainty | Prices Rise

Global Oil Supply Crisis Heightens Market Uncertainty | Prices Rise

Global markets are unsettled as oil supply issues escalate, driving prices up and impacting investme
April 24, 2026 2:51 p.m. 270
Must-See Attractions in London for Every Traveler

Must-See Attractions in London for Every Traveler

Explore London's top attractions from royal sites to cultural hubs, ensuring an unforgettable trip f
April 24, 2026 1:41 p.m. 285
2026 Flight Booking Tips: Secure the Best Rates

2026 Flight Booking Tips: Secure the Best Rates

Unlock the secrets to finding affordable flights in 2026 with these expert strategies and timing tri
April 23, 2026 2:12 p.m. 286
The Impact of Consistent Small Investments on Wealth Growth

The Impact of Consistent Small Investments on Wealth Growth

Discover how regular small investments can gradually enhance your financial future and create lastin
April 21, 2026 2:49 p.m. 286
Severe Earthquake Hits Japan: 7.5 Magnitude Triggering Tsunami Warnings

Severe Earthquake Hits Japan: 7.5 Magnitude Triggering Tsunami Warnings

A powerful 7.5 magnitude earthquake strikes Japan, leading to tsunami alerts and emergency evacuatio
April 20, 2026 3:16 p.m. 300