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 ...

Orkla India: FMCG major brings Rs 1,667 crore IPOICICI Securities is the book-running lead manager, and shares will list on both BSE and NSE.The company has a strong presence in the Indian packaged foods and condiments segment, and its IPO is expected to test investor sentiment toward consumer staples after a series of tech and industrial offerings in recent months. The grey market premium (GMP) for Orkla India currently hovers around 8–10%, indicating mild listing optimism.Live EventsGame Changers Texfab: ...

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]

Here are 10 things investors should know before applying:1) Entirely an Offer for Sale (OFS)The IPO is a pure offer for sale of 2.28 crore equity shares, aggregating to Rs 1,667.54 crore. No fresh funds are being raised, which means the proceeds will go to the selling shareholders, primarily the promoter entities — Orkla ASA, Orkla Asia Holdings AS, and Orkla Asia Pacific Pte Ltd.2) Price Band and Lot SizeThe company has fixed a price band of Rs 695–730 per share, with a minimum lot size of 20 shares, tran ...