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Orkla India IPO
Orkla India Limited
Orkla India IPO Details
Orkla India Limited (formerly MTR Foods Pvt Ltd) is launching an Offer for Sale (OFS) of up to 22,843,004 equity shares of face value Rs. 1 each, with no fresh issue component in the offer.
The offer is made under Regulation 6(1) of the SEBI ICDR Regulations, 2018, indicating that the company fulfills the eligibility criteria for listing based on profitability or net worth.
The promoter selling shareholder is Orkla Asia Pacific Pte. Ltd., offering up to 20,560,768 shares, while two non-promoter shareholders, Navas Meeran and Feroz Meeran, are each offering up to 1,141,118 shares.
The weighted average cost of acquisition for the promoter shares is Rs. 111.0, while for the other selling shareholders it is Rs. 458.7 per share.
Orkla India IPO Strengths
- Orkla India is backed by Orkla ASA, a leading Nordic consumer goods company, providing strategic and financial support with global best practices.
- With a heritage Indian food brand like MTR, the company enjoys significant consumer trust and recall, particularly in South India.
- The company has built a robust distribution network across India, with presence in both modern trade and general trade channels.
- Orkla India offers a wide range of ready-to-eat, ready-to-cook, spices, masalas, and packaged foods, catering to changing consumer preferences.
Orkla India IPO Weaknesses
- Since the IPO consists solely of OFS, the company will not receive any proceeds for business expansion or debt reduction.
- Some shareholders like Navas Meeran and Feroz Meeran have shares acquired at Rs. 458.7, which may raise valuation concerns if the IPO is priced significantly higher.
- Orkla competes with major domestic and international food brands, such as ITC, HUL, and Nestlé, making market share gains challenging.
- A significant portion of the brand's strength and market is concentrated in South India, posing regional dependency risks.
- As this is the company’s first public issue, there is no track record of stock performance, and post-listing valuation stability is uncertain.
Orkla India Revenue & Profit
0.022 | +0.003 |
0.023 | +0.003 |
0.024 | +0.002 |
10
8
6
4
2
0
Orkla India IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Orkla India IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Orkla India IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Research
Orkla India IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Orkla India IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Orkla India IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Orkla India IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.