The listing marks a rare public market entry by a foreign-owned Indian food company. Orkla India, the local unit of Norway’s Orkla ASA, is targeting a valuation of Sanjay Sharma, MD & CEO of Orkla India, told TOI, “We are a cash-generating company. We do not need a primary. From that point of view, if we have to access the capital markets, the only route is through secondary. The objective of every MNC is to come to India to extract the value out of the India consumption story and by listing, we are going ...

Core Viewpoint - Orkla India is set to debut in the public market on November 6, marking a significant event as it is the first foreign-owned Indian food company to do so in a long time, with a targeted valuation of Rs 10,000 crore at an IPO price of Rs 730 per share [3][5] Company Overview - Orkla India, a subsidiary of Norway's Orkla ASA, is conducting a Rs 1,667 crore IPO, which is entirely an offer for sale (OFS) of up to 2.2 crore shares, with Orkla ASA and Orkla Asia Pacific holding approximately 90% of the company [3][5] - The company emphasizes its cash-generating capabilities and does not require primary capital, indicating that the IPO is a strategic move to access secondary capital markets [3][5] Strategic Intent - The listing is intended to enhance value creation and facilitate more meaningful and competitive acquisitions within India, reinforcing the company's commitment to the Indian market [5] - Orkla India's portfolio has been built through acquisitions, including well-known brands such as MTR Foods, Eastern, and Rasoi Magic, which span the spices and convenience foods segments [4][5]