Orkla India
Orkla India enters Dalal Street with a bang! Shares open 3 percent up over IPO price
Mumbai/IBNS: Orkla India on Thursday made its modest stock market debut with its shares listing at three percent premium over its issue price of Rs. 730.10 on the National Stock Exchange (NSE), media reports said.
The stock opened on NSE at Rs. 750.10 with 2.75% gain and on Bombay Stock Exchange (BSE) on Rs. 751.50 with 2.94%.
The stock ranged between Rs. 715 and Rs. 760 after the listing.
According to analysis, the company aims to raise Rs. 1,668 crore via the IPO, pricing and listing details suggest interest from anchor investors and strong grey market sentiment.
The company had an overall band of Rs. 695-Rs. 730 with an overall subscription of 48.73 times during the bidding period from October 29 to October 31.
Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities, said as quoted by Moneycontrol, "Orkla India, backed by strong brands such as MTR and Eastern, presents a compelling long-term structural growth story.”
"Allotted investors are advised to hold the stock from a long-term investment perspective, while non-allotted investors may adopt a wait-and-watch approach for a potential post-listing correction," he added.
Market guru Anil Singhvi told Zee Business that the short and long-term investors should keep a stop loss below Rs. 745 and apply for long-term and small listing gains.
Why it matters now
- The IPO filing signals that Orkla India is looking to unlock value for its shareholders and make the business more visible in the public markets.
- For investors in the Indian FMCG / packaged‐food sector, this is a notable entrant: large heritage brands + growth potential.
- For consumers, their move reflects increasing scale and possibly more product innovations locally and abroad.
Based in Bengaluru, Orkla India is a multi‐category Indian food company operating through three business units: MTR (ready meals, mixes), Eastern (spices/masalas) and an International Business unit for exports.
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