Orkla India IPO Price Band Set at ₹695-730: Market Debut of MTR and Eastern Owner Nears

Orkla India Limited is preparing to launch its initial public offering with a price band fixed between ₹695 and ₹730 per share. The ₹1,667.54 crore pure offer-for-sale involves the sale of 22,843,004 equity shares entirely by existing shareholders, including promoter Orkla Asia Pacific Pte Ltd and other stakeholders Navas Meeran and Feroz Meeran. The company will not receive any fresh proceeds from this IPO. The subscription window runs from October 29 to October 31, 2025, with anchor investor bidding on October 28. The IPO is set to list on the NSE and BSE on November 6.

Financially, Orkla India reported revenue of ₹2,455.24 crore and a profit after tax of ₹255.69 crore in FY25. Its EBITDA margin stood at 16.6%, with a return on capital employed (ROCE) of 32.7%. Valuation at the upper price band places the company at approximately ₹10,000 crore market capitalization, translating to a P/E multiple of about 39 times based on FY25 diluted EPS of ₹18.7.

Important Points:
IPO price band set at ₹695-₹730 per share, for 22.84 million shares offered via pure OFS. 

Total issue size ₹1,667.54 crore; all shares offered by existing shareholders, no fresh issue proceeds.

Subscription period October 29-31, 2025; anchor investor bidding on October 28.

Retail investors get 35% allocation; minimum lot size 20 shares (~₹13,900 at lower band).

Orkla India’s extensive product portfolio includes over 400 items under MTR and Eastern brands, with distribution across 28 states and 5 union territories.

Lead managers include ICICI Securities, JP Morgan India, Kotak Mahindra Capital, and Citigroup Global Markets India. 

Sources: NSE Circular, BSE Circular, Upstox, Moneycontrol, IPO Watch, Scanx Trade