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Orkla India IPO: The initial public offering (IPO) of Orkla India Limited stepped into its second day of public subscription today, October 30, with the issue subscribed 1.60 times so far, as per provisional exchange data. The public issue will remain open for public bidding till October 31, 2025. The issue is entirely an offer for sale (OFS) of shares worth Rs 1,667.54 crore.

The basis of allotment of the IPO shares is expected to be finalised on November 3, 2025, and the stock is expected to list on both the stock exchanges (BSE and NSE) on November 6, 2025, tentatively.

By 1 pm, investors have bid 2.56 crore shares against the total shares on offer. The subscription includes bids from institutional buyers, institutional investors and retail investors categories who booked the issue 0.03 times, 3.75 times and 1.57 times, respectively.

In terms of shares, QIBs, NIIs, and RIIs have bid 1.21 lakh shares, 1.28 crore, and 1.25 crore shares, respectively, out of their allotted portions so far.

Zee Business Managing Editor Anil Singhvi suggests investors apply for long-term gains. He also predicted that a small listing gain is possible as the stock has a reasonable valuation, which is neither very cheap nor expensive.

1) Professional and experienced management

2) Orkla is a strong foreign promoter from Norway

3) Strong presence in southern India

4) Market leadership in two major brands, MTR and Eastern

5) Strong growth track record with inorganic acquisitions

6) Beneficiary of incentives under the PLI scheme

7) The company is litigation-free

8) Almost debt-free company

1) As the company doesn’t need money, the entire issue is OFS

2) Slow revenue growth at 5 per cent CAGR in the last 3 years

3) No Profit growth in the last years on an adjusted basis

4) 70 per cent revenue from southern India only

5) The company had a negative cash flow in Q1 FY26

6) Capacity utilisation is low, below 50 per cent

The Orkla India IPO is a book-build issue of Rs 1,667.54 crore, comprising entirely an offer-for-sale (OFS) of 2.28 crore shares. As an OFS, the IPO proceeds will be allocated entirely to the selling shareholders.

Through OFS, the company's promoters, Orkla Asa, Orkla Asia Holdings As and Orkla Asia Pacific Pte Ltd are offloading around 15 per cent of their stake.

Orkla India IPO price band: Rs 695 to Rs 730 apiece (with a face value of Rs 1 per equity share)

Orkla India IPO subscription date: From October 29 to October 31, 2025

Orkla India IPO lot size: 20 shares (minimum investment of Rs 14,600)

Orkla India IPO allotment date: November 3, 2025

Orkla India IPO listing date: November 6, 2025

Incorporated in 1996, Orkla India is an Indian food company with a diverse brand portfolio that includes MTR Foods, Eastern Condiments, and Rasoi Magic.

Its flagship brand-MTR Foods, offers instant mixes, ready-to-eat meals, masalas and snacks, while Eastern Condiments encompasses a wide range of spices and convenience foods.

Financially, the food company's net profit rose to Rs 255.7 crore in FY25 from Rs 226.3 crore in the previous year, and its revenue stood at Rs 2,455.2 crore.

Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digita