Core Insights - Orkla India is set to make its public market debut on November 6, 2023, marking a rare entry by a foreign-owned Indian food company [2][3] - The company targets a valuation of ₹10,000 crore at the upper end of its IPO price band of ₹730 per share, with a total IPO size of ₹1,667 crore through an Offer for Sale (OFS) of up to 2.2 crore shares [2][3] - Orkla India aims to strengthen its market position and pursue growth opportunities more competitively through this public listing [2][3] Company Strategy - The company emphasizes that it is a cash-generating entity and does not require primary capital, thus opting for a secondary route to access capital markets [2][3] - Sanjay Sharma, MD & CEO of Orkla India, stated that the listing is a commitment to the Indian market, countering perceptions of the company exiting India [2][3] - Orkla India has expanded its portfolio through acquisitions, including brands like MTR Foods, Eastern, and Rasoi Magic, focusing on spices and convenience foods [2][3]