Orkla India IPO – Review
Orkla India Limited, a multi-category Indian food company, is planning to raise ₹1668 Crore through an IPO.
[Fresh Issue NIL + OFS ₹1668 Cr]
Orkla India IPO Price is ₹695 – ₹730 per share
Orkla India: History
The Company was originally incorporated as MTR Foods Limited, a public limited company, under the Companies Act, 1956, on August 21, 1996.
The Company was then converted into a public limited company under a resolution passed by the shareholders on March 13, 2025, and its name was changed to Orkla India Limited, as per a fresh certificate of incorporation issued by the RoC on April 25, 2025.
LAST ARTICLE – Midwest ipo review
Orkla India: Business
Orkla India Ltd. is a multi-category Indian food company, offering a diverse range of products that cater to every meal occasion, from breakfast and lunch to dinner, snacks, beverages, and desserts.
The key product categories that the company offers are,
- Spices (blended and pure spices),
- Convenience Foods (ready-to-cook & ready-to-eat foods),
- Vermicelli (a number of variants of Vermicelli)
- Others
In spices, the company’s key products include –
- Chicken Masala, Meat Masala, Puliogare Masala, Rasam Masala, and Sambar Masala, among others, in blended spices; and
- Chilli, Coriander, and Cumin, Kashmiri Chilli, Turmeric, among others, in pure spices.
- Convenience Foods products simplify the cooking process and enable quick meal preparation through products such as Gulab Jamun Mix, Dhokla Mix, Rava Idli Mix, 3-Minute Poha, 3-Minute Upma, Dosa Mix, Kesari Halwa, Paneer Makhanwala, Chinese Honey Chilli Cooking Paste, among others.
- Vermicelli portfolio includes Seviyan Vermicelli, Rice Seviyan, Roasted Vermicelli, and Macaroni.
- Other products include beverages, Coconut Milk, Ginger Garlic Paste, Malabar Parotas, Pulses, Pickles, Rice, and Confectionery.
The Company’s products, under the brands MTR Foods and Eastern Condiments, are crafted with tradition and authenticity, and are deeply rooted in the South Indian (Karnataka, Kerala, Andhra Pradesh, and Telangana) culinary heritage.
According to the Technopak Report, in FY 2024, Orkla was one of the top four companies in India, in terms of revenue from operations among select leading spices and convenience food peers.
Manufacturing Facilities
The Company operates 9 manufacturing facilities with a combined installed capacity of 1,82,270 TPA, supported by 21 contract manufacturers across India, Malaysia, Thailand, and the UAE.
Distribution Network
As of March 31, 2025, the company’s distribution network comprises 843 distributors, 1,800 sub-distributors, and 6,86,729 retail touchpoints across 28 states and 5 union territories (UT), as well as a presence in modern trade, quick-commerce, and e-commerce platforms.
Strategies Ahead
- Drive household penetration and usage of products in core markets.
- Expand presence in overseas markets through a robust growth strategy.
- Expand product portfolio to extend core offerings.
- Drive operational efficiencies to boost cash and margin conversion.
- Strategically acquire leading businesses and brands.
- Enhance capital efficiency.
Company Promoters
- Orkla ASA,
- Orkla Asia Holding AS,
- Orkla Asia Pacific
IPO Details
IPO date = 29 – 31 Oct 2025
Minimum Amount = ₹14,600
Minimum Bid = 20 Shares
Face Value (FV) = ₹1
Listing On = NSE, BSE
Book Running Lead Managers
ICICI Securities
Citigroup Global Markets
J.P. Morgan India
Kotak Mahindra Capital
Financial
CONCLUSION
FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Orkla India IPO (keeping a long-term view in mind)
Do come back to know more about “upcoming ipos“
Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
