Orkla India
October 29, 2025 – October 31, 2025
| Price | ₹695 - ₹730 |
| GMP Rumors * | ₹114 |
|---|---|
| Lot size | 20 |
| Issue size | ₹1667.50 cr |
| Allotment | Nov 3, 2025 |
| Listing | Nov 6, 2025 |
Orkla India Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 20 | 14600 | 399228 |
| sHNI | 14 | 280 | 204400 | 4074 |
| bHNI | 69 | 1380 | 1007400 | 8148 |
Orkla India Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 11406502 | 49.93% |
| HNI | 3421951 | 14.98% |
| Retail | 7984551 | 34.95% |
| Employee | 30000 | 0.13% |
| Total | 22843004 | 100% |
Orkla India About
Orkla India IPO Details
| Total Issue Size | 2,28,43,004 shares(aggregating up to ₹1667.5 Cr) |
| Offer For Sale | 2,28,43,004 shares(aggregating up to ₹1667.5 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,69,89,230 shares |
| Share Holding Post Issue | 13,69,89,230 shares |
| Employee Discount | ₹69 / share |
Key Performance Indicator (KPI)
| KPI | Jun-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 4.1% | 13.80% | 10.30% |
| ROCE | 8.9% | 32.70% | 20.70% |
| EPS (Basic) | 5.8 | 18.7 | 16.9 |
| P/E Pre IPO | 39.11 | ||
| P/E Post IPO | 31.68 |
Company Financial (In ₹Crore)
| Period Ended | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 3,158.20 | 3,171.30 | 3,375.19 | 3,101.96 |
| Total Income | 605.38 | 2,455.24 | 2,387.99 | 2,201.44 |
| Profit After Tax | 78.92 | 255.69 | 226.33 | 339.13 |
| EBITDA | 111.75 | 396.44 | 343.61 | 312.44 |
| NET Worth | 1,931.12 | 1,853.47 | 2,201.48 | 2,237.69 |
| Reserves and Surplus | 2,523.56 | 2,445.80 | 2,793.35 | 2,227.28 |
| Total Borrowing | 2.33 | - | 3.77 | 34.99 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP | Face value |
|---|---|---|---|
| Orkla India Limited | 31.68 | - | 1 |
| Tata Consumer Products Limited | 90.1 | 1176.4 | 1 |
Source:RHP, P/E has been computed based on the closing market price on NSE as on October 20, 2025 divided by the Diluted EPS for the year ended March 31, 2025.
Peer Comparision (Financial Performance)
| Company | NAV/Share | RoNW (%) | EPS (Basic) |
|---|---|---|---|
| Orkla India Limited | 135.3 | 13.8 | 18.7 |
| Tata Consumer Products Limited | 202.1 | 6.4 | 13.1 |
About Company
Orkla India Limited is a leading Indian food company offering a diverse portfolio of food products spanning breakfast, lunch, dinner, snacks, beverages, and desserts.
Brand Portfolio
The company houses iconic Indian heritage brands — MTR Foods, Eastern Condiments, and Rasoi Magic — each catering to distinct consumer needs:
- MTR Foods: Specializes in instant mixes, ready-to-eat meals, masalas, breakfast mixes, snacks, and beverages, including spices, RTC foods, RTE foods, and vermicelli.
- Eastern Condiments: Focuses on spices and convenience foods.
- Rasoi Magic: Offers spice mixes and instant cooking aids for Indian cuisine.
Market Presence
Orkla India serves consumers nationwide with a strong presence in Karnataka, Kerala, Andhra Pradesh, and Telangana, and exports to 42 countries, including GCC nations, the US, and Canada.
As of June 30, 2025, it has over 400 products across categories. In fiscal 2025, the company has sold 2.3 million units on average every day.
Manufacturing and Distribution
The company operates 9 manufacturing facilities in India with a total installed capacity of 182,270 TPA, complemented by contract manufacturing in India, the UAE, Thailand, and Malaysia.
Its robust distribution network includes 834 distributors and 1,888 sub-distributors spread across 28 states and six union territories, ensuring strong market penetration and accessibility.
Strength
Category Leadership & Strong Brand Equity: A market leader in South India’s packaged spices segment, driven by trusted brands like MTR and Eastern, which cater to both vegetarian and non-vegetarian cuisines and enjoy deep consumer trust and strong market share.
Multi-Category Innovation Focus: A diversified food company emphasizing continuous product innovation, introducing convenient and modern formats like Minute Fresh Batters, 3-Minute Breakfast, and Wok N Roll to meet evolving consumer preferences.
Robust Distribution & Market Reach: Backed by an extensive distribution network across India and abroad, with over 834 distributors, 1,888 sub-distributors, and strong brand penetration in over two-thirds of retail outlets in key southern markets.
Weakness
Raw Material & Packaging Price Volatility: Fluctuations in prices of key raw materials like chilli, coriander, turmeric, wheat, and cumin, or packaging items such as laminates and metal containers, can impact production costs and profitability.
Product Quality & Contamination Risks: Any improper processing, storage, or contamination of raw materials or finished goods could harm the company’s reputation, invite regulatory action, and affect financial performance.
Manufacturing Disruptions: Dependence on nine manufacturing facilities exposes the company to risks from power shortages, labour issues, natural disasters, or accidents, which may disrupt operations and reduce output.
Orkla India Lead Manager(s)
Orkla India Address
No.1, 2nd and 3 rd Floor, 100 Feet Inner Ring Road
Ejipura, Ashwini Layout,
Vivek Nagar
Bengaluru, Karnataka, 560047
Phone: +91 80 4081 21
Email: investors@orklaindia.com
Website: http://www.orklaindia.com/
Orkla India Registrar
Orkla India Reviewers
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