Orkla India Ltd. Sets Price Band for ₹1,667.54-Crore IPO
Orkla India Ltd., the parent company of ready-to-eat brand MTR Foods, has announced the price band for its initial public offering (IPO) at a valuation of up to ₹10,000 crore. The IPO will see the company sell 2.28 crore shares in a price band of ₹695-730 apiece to raise up to ₹1,667.54 crore. The IPO is a pure offer-for-sale, meaning the proceeds will go to the selling shareholders only, and not the company. Orkla India has consolidated its local business under an Indian subsidiary, Orkla India Pvt. Ltd., in 2023, and now aims to tap the red-hot primary market in India with the launch of its IPO.
Key Takeaways:
- Orkla India Ltd. will sell 2.28 crore shares in a price band of ₹695-730 apiece to raise up to ₹1,667.54 crore.
- The IPO is a pure offer-for-sale, with proceeds going to the selling shareholders, not the company.
- Orkla India has a consolidated net profit of ₹255.69 crore in Fiscal 2025, with revenue growth of 2.81% to ₹2,455.24 crore.
- The company's net worth is ₹1,853.47 crore in FY25, with a valuation target of ₹10,000 crore in the IPO.
- Existing shareholders, including Orkla Asia Pacific and the Meeran Group, will sell a total of 22.7 million shares in the IPO.
- The IPO does not include a fresh issue of shares.
Statistics:
- ₹1,667.54 crore: The maximum amount to be raised through the IPO.
- ₹10,000 crore: The valuation target of Orkla India Ltd. in the IPO.
- ₹695-730: The price band per share for the Orkla India IPO.
- ₹2,455.24 crore: The revenue of Orkla India in Fiscal 2025.
- ₹255.69 crore: The consolidated net profit of Orkla India in Fiscal 2025.
- ₹1,853.47 crore: The net worth of Orkla India in FY25.
- ₹2.28 crore: The number of shares to be sold in the Orkla India IPO.
- ₹22.7 million: The total number of shares to be sold by existing shareholders, including Orkla Asia Pacific and the Meeran Group.
Sources:
- Orkla India Ltd. (red-herring prospectus)
- Hindustan Times (article)