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Orkla India's $1.14 Billion IPO Targets Valuation of $10,000 Crore
24 Oct
Summary
- Orkla India sets IPO price band of Rs 695 to Rs 730 per share
- IPO aims for a valuation of Rs 10,000 crore ($1.14 billion)
- Consolidated profit grew 13% in FY2025, revenue rose 1.6%
Orkla India, the parent company of the popular Indian ready-to-eat brand MTR Foods, has set its sights on a blockbuster initial public offering (IPO). The company has announced a price band of Rs 695 to Rs 730 per share for its upcoming IPO, aiming for a valuation of Rs 10,000 crore ($1.14 billion) at the upper end.
The IPO, which is set to launch for retail investors on October 29, 2025, will see Orkla Asia Pacific, one of the company's biggest shareholders, sell 20.6 million shares. Other existing shareholders, including the Meeran Group's chairman and vice-chairman, will also offload 1.1 million shares each.
Orkla India, the India unit of the Norwegian branded consumer goods group Orkla, has seen its performance improve in recent years. The company's consolidated profit grew around 13% in the financial year ended March 2025, reaching Rs 256 crore, while its revenue rose 1.6% to Rs 2,395 crore.
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Orkla India's portfolio includes well-known brands such as MTR, Eastern and Rasoi Mix condiments, and Laban jelly-candy. The company faces competition from listed rivals like Tata Consumer Products and Dabur India in the Indian packaged foods market.
