Orkla India raises ₹500 crore from anchor investors

Core Viewpoint - Orkla India has successfully raised approximately Rs 500 crore from anchor investors ahead of its initial public offering (IPO), which is set to open for subscription on October 29, 2025 [1][5]. Group 1: IPO Details - The IPO is valued at Rs 1,667 crore and will be available for public subscription from October 29 to October 31, 2025, with a price band set between Rs 695 and Rs 730 per share [5]. - Orkla India is conducting a complete offer for sale (OFS) of 2.28 crore equity shares by promoters and other shareholders, with no fresh issue component [7][8]. - The company will not receive any proceeds from the IPO, as the funds will go entirely to the selling shareholders [9]. Group 2: Investor Participation - A diverse group of prominent domestic and global institutional investors participated in the anchor allotment, including Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Government Pension Fund Global [2]. - A total of 6,843,900 equity shares were allotted to anchor investors at a price of Rs 730 per share, raising Rs 499.6 crore [4]. Group 3: Company Background - Orkla India, formerly known as MTR Foods, is a multi-category Indian food company that produces a variety of products, including spices, ready-to-eat meals, and breakfast mixes under well-known brands such as MTR and Eastern [9]. - The company is primarily owned by Orkla Asia Pacific Pte. Ltd and Orkla ASA, holding a combined 90% stake, while the Meeran family holds 5% each [8].