Orkla India Limited launches Initial Public Offering-
Orkla India IPO price band: The issues price band has been fixed in the range of ₹695 to ₹730 per equity share of face value of Re 1.
BENGALURU: (Oct 30)2025-
Bengaluru based Orkla India Limited, a multi-category Indian food company, has launched its Initial Public Offering (IPO). The IPO opened for subscription on Wednesday, October 29, 2025, and will conclude on October 31, 2025. The company’s shares are proposed to be listed on November 6, 2025 on the Indian Stock Exchanges.
This launch follows a successful anchor investment round, which raised ₹500 crores from marquee investors like Nippon Life India, Aditya Birla Sun Life AMC, Ashoka WhiteOak, Nomura Funds, Government Pension Fund Global, Jupiter Global Fund, Pinebridge Global Funds, among others. The Non Institutional Investors (NII) and Employee Reserve category has been fully subscribed on the first day of Issue opening marking a good subscription demand on the IPO.
Orkla India (formerly MTR Foods) is one of the leading multi-category Indian food companies, with operations spanning several decades, offering a diverse range of products that cater to every meal occasion. According to the Technopak Report, in Fiscal 2024, the company was one of the top four in terms of revenue from operations among select leading spices and convenience food peers. The company’s products are crafted with authenticity and tradition, rooted in South Indian culinary heritage through its flagship brands, MTR (with a legacy since 1924) and Eastern (founded in 1983).
The company’s key product categories include Spices (blended and pure) and Convenience Foods (ready-to-cook, ready-to-eat, and vermicelli). These brands are household names, particularly in their core markets of Karnataka, Kerala, Andhra Pradesh, and Telangana. This market position is built on a deep understanding of local tastes, reflected in a repository of over 4,000 recipes.
Orkla India has a strong global footprint, with exports to 45 countries. In Fiscal 2025, revenues from customers outside India contributed 20.6% (₹4,861.7 million) of the total revenue from the sale of products. According to the Technopak Report, Orkla India held an approximately 22.2% market share in the Indian branded spices exports segment in Fiscal 2024. Furthermore, the Eastern brand has maintained its position as India’s largest exporter of branded spices for 24 consecutive years.
The company’s expansive distribution network, comprising 834 distributors and 1,888 sub-distributors as of June 30, 2025, is key to its success. According to the Technopak Report, MTR and Eastern are the most widely distributed brands in Karnataka and Kerala for spices, with a presence in 67.5% and 70.4% of relevant outlets, respectively, far exceeding the industry average. This network is supplied by nine owned manufacturing facilities in India and several contract manufacturers, all holding high-standard quality certifications.
Orkla India is a subsidiary of Orkla ASA, a Norway-listed industrial investment company with a 370-year legacy and consolidated group revenue of approximately US$6.2 billion in 2024. This parentage provides access to global best practices in corporate governance, operations, and innovation.
