Core Insights - The IPO of Orkla India Ltd opened for subscription on October 29, 2025, but has seen a slow bidding pace, with an overall subscription rate of just 37% as of 12.09 pm on the first day [1] - The IPO is valued at ₹1,667 crore and consists entirely of an offer-for-sale (OFS) of up to 2.28 crore equity shares, with a price band set between ₹695 to ₹730 per share [2] - The company is scheduled to debut on the stock market on November 6, 2025, after the subscription period ends on October 31, 2025 [3] IPO Details - The IPO is an offer-for-sale with no fresh issue component, and the lot size is set at 20 shares [2] - The anchor investor allocation raised approximately ₹500 crore from prominent investors prior to the public subscription [2] Shareholder Information - The selling shareholders include Orkla Asia Pacific Pte and shareholders Navas Meeran and Feroz Meeran, with Orkla Asia Pacific Pte. Ltd and Orkla ASA holding a combined 90% stake [4] Company Overview - Orkla India, previously known as MTR Foods, is a diversified food company with a strong presence in various categories, including spices, ready-to-eat meals, and breakfast mixes, marketed under brands like MTR and Eastern [5] Market Sentiment - Brokerages such as Mehta Equities and Anand Rathi have expressed optimism regarding the IPO, citing potential growth driven by category expansion, distribution, product innovation, and a debt-free structure [6] - Despite the strong brand portfolio and market potential, the initial response to the IPO has been lukewarm, indicating valuation concerns [7]