Orkla India Limited IPO is fully book build issue and total IPO size is ₹[.] crores. The entire share offering is an offer for sale of 22843004 shares.
The dates for the Orkla India Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Orkla India Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Orkla India Limited IPO has not been announced yet.
Registrar for this IPO is Kfin Technologies Limited and lead managers for Orkla India Limited IPO are Icici Securities Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹1 Per Equity Share |
| Total Issue Size | 22,843,004 Shares |
| Fresh Issue | - |
| OFS Issue | 22,843,004 Shares |
| Issue Type | Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Orkla India Limited Company
Orkla India: A Leading Multi-Category Food Company
Orkla India is a prominent Indian food company with a rich heritage, offering a wide array of products catering to diverse meal occasions. According to the Technopak Report, Orkla India was among the top four companies in terms of revenue from operations in Fiscal 2024 among select leading spices and convenience food peers. The company's key product categories include Spices (blended and pure) and Convenience Foods (ready-to-cook, ready-to-eat, and vermicelli).
The company's MTR and Eastern brands are deeply rooted in South Indian culinary traditions. Orkla India's brands, MTR and Eastern, have a deep understanding of local flavors and a strong commitment to quality that has resulted in the current scale, particularly in the core markets of Karnataka, Kerala, Andhra Pradesh and Telangana.
Orkla India's export share of revenue was 18.8%, representing ₹441.9 million in Fiscal 2024, with a presence in over 40 countries, particularly in the GCC countries, USA and Canada.
Orkla India Limited Financial Details
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3171.30 | 3375.19 | 3101.96 |
| Revenue | 2,455.24 | 2,387.99 | 2,201.44 |
| Profit After Tax | 255.69 | 226.33 | 339.13 |
| Net Worth | 1,853.47 | 2,201.48 | 2,237.69 |
| Reserves and Surplus | 2445.80 | 2793.35 | 2227.28 |
| Total Borrowing | 0.00 | 3.77 | 34.99 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 18.7 | 13.8 | 135.3 |
Offer Objectives
The Offer involves the sale of up to 22,843,004 Equity Shares (face value ₹1 each) by selling shareholders. The objectives are to execute the Offer for Sale and to realize the benefits of listing on the Stock Exchanges.
Selling Shareholders:
- Orkla Asia Pacific Pte. Ltd.: Up to 20,560,768 Equity Shares.
- Navas Meeran: Up to 1,141,118 Equity Shares.
- Feroz Meeran: Up to 1,141,118 Equity Shares.
The Company will not receive any proceeds from the Offer; all proceeds, net of expenses and taxes, will go to the Selling Shareholders.
Offer-related Expenses:
Estimated Offer expenses are ₹[●] million. These cover listing fees, selling commissions, Book Running Lead Managers' fees, legal counsel fees, Registrar fees, Escrow Collection Bank fees, Sponsor Bank fees, SCSB processing fees, brokerage, advertising, and other incidentals. These expenses will be borne by the Selling Shareholders in proportion to their respective shares being offered.
Employee Stock Option Plans:
The company has the 'Employee Stock Option Plan 2025' and 'Management Stock Option Plan 2025'. Under the Employee Stock Option Plan 2025, options exercisable into Equity Shares not exceeding 2% of paid-up share capital can be granted (2,739,784 options). The Management Stock Option Plan 2025 allows options up to 0.3% of the total share capital (470,000 options). As of the date of the document, no options have been granted under either plan.
Anchor Investor Lock-in:
50% of the Equity Shares allotted to Anchor Investors have a lock-in of 90 days from the date of Allotment, and the remaining 50% have a lock-in of 30 days from the date of Allotment.
IPO Registrar Details
KFin Technologies Limited
Phone: +91 40 6716 2222, 1800 309 4001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Icici Securities Limited
- Citigroup Global Markets India Private Limited
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
