MTR Foods maker Orkla India sets IPO price band for up to ₹10,000-crore valuation

By Admin

24 Oct, 2025

In a major move that underscores growing investor appetite for India’s booming FMCG sector, Orkla India Ltd., the maker of popular MTR Foods, has announced the price band for its ₹1,667.54-crore Initial Public Offering (IPO). The IPO values the company at up to ₹10,000 crore, highlighting strong market confidence in its growth potential.

IPO Structure: Pure Offer-for-Sale

The Orkla India IPO is a pure offer-for-sale (OFS), meaning no new shares will be issued, and all proceeds will go directly to existing shareholders. This structure allows Orkla’s investors, particularly its promoters, to monetize their holdings while maintaining operational stability.

Key IPO Details

According to the company’s Red Herring Prospectus (RHP), the IPO will see 2.28 crore shares offered in a price band of ₹695–₹730 per share, targeting a total issue size of ₹1,667.54 crore.

• IPO Type: Offer for Sale only
  
  

• IPO Dates: 29–31 October 2025
  
  

• Anchor Investor Date: 28 October 2025
  
  

• Price Band: ₹695–₹730 per share
  
  

• Lot Size: 20 shares (₹14,600 minimum investment)
  
  

• Total Shares on Offer: 2.28 crore
  
  

Shareholders Offloading Stakes

Among the major selling shareholders, Orkla Asia Pacific part of the promoter group will sell 20.6 million shares. Additionally, Navas Meeran and Feroz Meeran from the Meeran Group, which has long been associated with MTR Foods, will offload 1.1 million shares each.

From MTR Foods to Orkla India: A Growth Journey

Norway-based Orkla ASA made its entry into the Indian market in 2007 through the acquisition of MTR Foods, a household name in the ready-to-eat segment. Building on this foundation, Orkla expanded its footprint by acquiring a majority stake in Eastern Condiments in 2020, strengthening its position in the spices and condiments segment.

In 2023, the group consolidated its Indian operations under Orkla India Pvt. Ltd., a strategic move that aligned its various brands and businesses under one umbrella. The upcoming IPO marks the next phase in its growth story leveraging India’s vibrant capital market to unlock shareholder value.

Financial Performance

Orkla India has shown consistent financial growth. In FY2025, the company’s consolidated net profit rose 12.97% year-on-year to ₹255.69 crore, driven by a 2.81% increase in revenue to ₹2,455.24 crore.
The company’s net worth stood at ₹1,853.47 crore, and with this IPO, it is aiming for a valuation of ₹10,000 crore, reflecting strong investor interest and optimism around the FMCG sector’s growth trajectory in India.

Outlook: Capitalizing on India’s FMCG Boom

With established brands like MTR Foods and Eastern Condiments, Orkla India enjoys deep consumer trust and widespread market presence. The IPO, though not raising new capital for expansion, serves as a strategic liquidity event for its shareholders and a visibility boost for the company’s future endeavors in the Indian FMCG landscape.

As India’s consumption-driven economy continues to expand, Orkla India’s IPO comes at a time when the primary market is buzzing with investor enthusiasm, making it one of the most anticipated offerings of 2025.