Orkla India Sets Stage for IPO: A Major Market Move in 2025

Orkla India, the consumer goods conglomerate that owns MTR and Eastern spices, has finally submitted draft papers for its much-awaited initial public offering (IPO). The group is looking to raise significant funds by way of secondary sale of shares, indicating a strategic shift in its Indian operations.

Significant Events Surrounding the IPO Filing

Orkla India will offer up to 22.8 million shares in the open market.

The IPO will be an offer-for-sale, i.e., existing shareholders are selling their shares and not issuing new shares.

Major financial institutions such as ICICI Securities, J.P. Morgan India, and Citigroup Global Markets have been made bookrunners of the issue.

Market Strategy and Growth Prospects

The company is looking for a valuation of around $2 billion and is expected to raise around $300 million through the IPO.

Orkla India has also reorganized structurally, consolidating its operations into three business units—MTR, Eastern, and international markets—to increase efficiency and positioning in the market.

The IPO aligns with the overall strategy of Orkla to capitalize on India's growing consumer market and reinforce its foothold in overseas markets, particularly in the Gulf Cooperation Council (GCC) countries.

Industry Impact and Investor Sentiment

Indian IPO market has witnessed greater activity from foreign firms riding high valuations, and Orkla is the latest to come on board.

Experts believe that Orkla's well-established position in the food and spice industry, and its well-established brand value, can make this IPO a lucrative option for investors.

Its turnover was approximately Rs 2,400 crore in the year 2023, with the bulk of it coming from its masala and spice business.

Orkla India listing is likely between June and November 2025, pending regulatory approvals and market conditions.

Sources: Economic Times, Business Standard, Bloomberg.