
Orkla India Limited is a multi-category Indian food company, subsidiary of the Norwegian firm Orkla ASA, specializing in a diverse range of products under its heritage brands, MTR and Eastern. The company's portfolio is deeply rooted in South Indian culinary traditions and includes two main categories: Spices (blended and pure) and Convenience Foods (ready-to-cook, ready-to-eat, vermicelli). Orkla India holds a market-leading position in the packaged spices market in Karnataka and Kerala, leveraging its deep understanding of local tastes and an extensive distribution network across India and in 45 countries catering to the Indian diaspora.
Opening Date
Oct 29, 2025
Closing Date
Oct 31, 2025
Listing Date
Nov 06, 2025
IPO Type
Mainboard
IPO Status
Open
Issue Size
1667.54 Cr
Fresh Issue
—
Offer for Sale
1667.54 Cr
Price Band
₹695 - ₹730
Lot Size
20
The objects of the Offer are to carry out the Offer for Sale of up to 22,843,004 Equity Shares by the Selling Shareholders and to achieve the benefits of listing the Equity Shares on the Stock Exchanges.
To allow the Selling Shareholders to sell up to 22,843,004 Equity Shares and receive the corresponding proceeds.
To achieve the benefits of listing the Equity Shares on the Stock Exchanges, which is expected to enhance the company's visibility and brand image, and provide liquidity and a public market for the shares in India.
P/E Ratio
5.4
EPS
13.8
ROE
13.8%
ROCE
32.7%
RONW
13.8%
Debt to Equity Ratio
—
PAT Margin
10.7%
EBITDA Margin
16.6%
P/B
5.4
Market leader in core South Indian states with strong, household brands like MTR and Eastern.
Diverse multi-category product portfolio covering Spices and Convenience Foods, with a focus on product innovation.
Extensive distribution network with deep regional penetration and a wide global reach in 45 countries.
Efficient, large-scale manufacturing capabilities with stringent quality control and a robust supply chain.
High geographical concentration with a majority of revenue and manufacturing facilities located in South India.
Dependence on a limited number of top suppliers for key raw materials, exposing the company to supply chain risks.
Operational risks associated with counterfeit products that can harm brand reputation and reduce sales.
Potential conflicts of interest as the Promoter Group entities are involved in similar business lines in other geographies.
Capitalize on the significant consumer shift from unorganized/loose products to packaged and branded foods in India.
Growing demand for convenience foods driven by urbanization and changing lifestyles.
Expand presence in international markets by catering to the large Indian diaspora and growing interest in Indian cuisine.
Increasing adoption of e-commerce and quick-commerce channels for grocery purchases.
Volatility in the pricing and availability of key agricultural raw materials due to climate change and market factors.
Intense competition from both organized multinational players and unorganized local competitors.
Changes in food safety, environmental, and tax regulations could lead to increased compliance costs.
Economic slowdowns, food inflation, and reduced consumer spending could adversely impact demand.