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Orkla India IPO Description – Incorporated in 1996, Orkla India is a leading multi-category Indian food enterprise with a rich legacy in South Indian cuisine, operating under two iconic brands, MTR and Eastern. With a product portfolio of more than 400 offerings as of 31 March 2025, the company caters to every meal occasion across categories such as Spices—blended and pure—and Convenience Foods, including ready-to-cook (RTC), ready-to-eat (RTE) items, vermicelli, and dry mixes.
Popular products include Sambar Masala, Rasam Masala, Gulab Jamun Mix, Rava Idli Mix, and the 3-Minute Breakfast range. In Fiscal 2025, the company sold an average of 0.23 crore units per day. In FY 2025, exports to more than 40 countries generated INR 486.17 crore, or 20.6% of total product sales. Orkla India operates nine owned manufacturing facilities in India with a combined installed capacity of 1,82,270 TPA, supported by 21 contract manufacturers across India, the UAE, Thailand, and Malaysia.
The company’s distribution network, comprising 843 distributors, 1,800 sub-distributors, and 6,86,729 retail touchpoints, ensures deep penetration across 28 states and 5 union territories, as well as a presence in modern trade, e-commerce, and quick-commerce platforms. As of 31 March 2025, the company employed 2,621 people.

Promoters of Orkla India – Orkla ASA, Orkla Asia Holding AS, and Orkla Asia Pacific
Table of Contents
MTR Foods IPO Details
| MTR Foods IPO Dates | 29 – 31 October 2025 |
| MTR Foods Issue Price | INR 695 – 730 per share Employee Discount – INR 69 per share |
| Fresh issue | Nil |
| Offer For Sale | 2,28,43,004 shares (INR 1,587.59 – 1,667.54 crore) |
| Total IPO size | 2,28,43,004 shares (INR 1,587.59 – 1,667.54 crore) |
| Minimum bid (lot size) | 20 shares (INR 14,600) |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
MTR Foods Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 2,172.48 | 2,356.01 | 2,394.71 | 597.00 |
| Expenses | 1,943.72 | 2,083.37 | 2,066.15 | 499.30 |
| Net income | 339.13 | 226.33 | 255.69 | 78.92 |
| Margin (%) | 15.57 | 9.61 | 10.68 | 13.22 |
Orkla India Offer News
Orkla India Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | 26.2 | 16.9 | 18.7 | 18.7 |
| PE Ratio | – | – | 37.17 – 39.04 | 37.17 – 39.04 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 15.2 | 10.3 | 13.8 |
| NAV | 181.5 | 160.7 | 135.3 |
| ROCE (%) | 32.1 | 20.7 | 32.7 |
| EBITDA (%) | 14.4 | 14.6 | 16.6 |
| Debt/Equity | – | – | – |
Orkla India IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| 5 November 2025 | 70 | 1,100 |
| 4 November 2025 | 70 | 1,100 |
| 3 November 2025 | 92 | 1,400 |
| 1 November 2025 | 88 | 1,400 |
| 31 October 2025 | 71 | 1,000 |
| 30 October 2025 | 95 | 1,600 |
| 29 October 2025 | 78 | 1,200 |
| 28 October 2025 | 93 | 1,400 |
| 27 October 2025 | 115 | 2,000 |
| 25 October 2025 | 140 | 2,000 |
| 24 October 2025 | 105 | 1,500 |
Orkla India IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 45,62,601 | 34,21,951 | 79,84,552 | 30,000 | 1,59,99,104 |
| 31 Oct 2025 | 117.63 | 54.42 | 7.05 | 15.13 | 48.73 |
| 30 Oct 2025 | 0.06 | 7.59 | 2.11 | 6.20 | 2.70 |
| 29 Oct 2025 | 0.02 | 1.53 | 0.90 | 3.27 | 0.79 |
68,43,900 shares allotted to anchor investors are not included in these calculations.
Orkla India – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Orkla India | 39.0 | 18.7 | 13.8 | 135.3 | 2,455.24 |
| Tata Consumer Products | 85.9 | 13.1 | 6.4 | 202.1 | 17,811.55 |
Orkla India IPO Allotment Status
Orkla India IPO allotment status is now available on the KFin Technologies website. Click on this link to get the allotment status.
Orkla India IPO Dates & Listing Performance
| IPO Opening Date | 29 October 2025 |
| IPO Closing Date | 31 October 2025 |
| Finalization of Basis of Allotment | 3 November 2025 |
| Initiation of refunds | 4 November 2025 |
| Transfer of shares to demat accounts | 4 November 2025 |
| MTR Foods IPO Listing Date | 6 November 2025 |
| Opening Price on NSE | INR 750.10 per share (up 2.17%) |
| Closing Price on NSE | INR 713.65 per share (down 2.24%) |
Orkla India IPO Reviews – Subscribe or Avoid?
Aditya Birla Capital – Subscribe
Anand Rathi –
Axis Capital – Not rated
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities –
Choice Broking – Subscribe
Dalal & Broacha –
Elite Wealth – Not rated
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities – Subscribe
ICICIdirect – Unrated
Investmentz –
Jainam Broking – Subscribe for long term
DR Choksey –
Mehta Equities – Subscribe for long term
Marwadi Financial – Subscribe with caution
Motilal Oswal –
Nirmal Bang – Subscribe
Reliance Securities –
SBI Securities – Neutral
Samco Securities – Subscribe for long term horizon
SMC Global – 2/5
Swastika Investmart –
Ventura Securities – Subscribe
Orkla India IPO Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House Appasaheb Marathe Marg
Prabhadevi, Mumbai -400025
Phone: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com
Orkla India Offer Registrar
KFIN TECHNOLOGIES LIMITED
301, The Centrium, 3rd Floor, 57, Lal Bahadur
Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai 400 070
Phone: +91 40 6716 2222/ 1800 309 4001
Email: [email protected]
Website: www.kfintech.com
MTR Foods Contact Details
ORKLA INDIA LIMITED
No.1. 2nd and 3rd Floor, 100 Feet Inner Ring Road,
Ejipura, Ashwini Layout, Vivek Nagar, Bengaluru 560 047
Phone: +91 80 4081 2100
Email: [email protected]
Website: www.orklaindia.com
Orkla India IPO FAQs
How many shares in the Orkla India IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in the Orkla India Public Offer?
The best way to apply for Orkla India’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Orkla India IPO GMP today?
Orkla India IPO GMP today is INR 70 per share.
What is the MTR Foods kostak rate today?
Orkla India kostak rate today is INR NA per application.
What is Orkla India’s Subject to Sauda rate today?
Orkla India Subject to Sauda rate today is INR 1,100 per application.





































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