At the upper end of the issue, Orkla India is valued at around ₹10,000 crore, with the IPO price band set at ₹695-730 per share.
Orkla India IPO: Later this week, Orkla India, the company behind the MTR and Eastern brands of spices and condiments, is scheduled to go public in India.At the upper end of the issue, Orkla India is valued at around ₹10,000 crore, with the IPO price band set at ₹695-730 per share.
Orkla India IPO: RHP's key information
Investors should be aware of the following important information from the RHP before to the IPO opening:
1. Dates of Orkla India's IPO
Bidding for the Orkla India IPO will begin on October 29 and end on October 31. On November 6, the Orkla India IPO shares are anticipated to go public on the stock exchanges.
2. The IPO structure of Orkla India
The promoter and other selling firm shareholders are offering to sell up to 22,843,004 shares in this issue.
3. Orkla India's IPO goal
The business would not get any money from the sale of shares because Orkla India's IPO is purely an OFS of ₹1667 crore. They will go to the promoter who is selling the company's stock.
Bidding for the Orkla India IPO will begin on October 29 and end on October 31. On November 6, the Orkla India IPO shares are anticipated to go public on the stock exchanges.
2. The IPO structure of Orkla India
The promoter and other selling firm shareholders are offering to sell up to 22,843,004 shares in this issue.
3. Orkla India's IPO goal
The business would not get any money from the sale of shares because Orkla India's IPO is purely an OFS of ₹1667 crore. They will go to the promoter who is selling the company's stock.
4. Orkla India's financials
In FY25, Orkla India's revenue increased 1.6% year over year to ₹2394.7 crore. In the meantime, its restated profit increased 12.9% year over year to ₹255.69 crore from ₹226.33 crore in FY24.
5. Peers from Orkla India
Orkla India's sole listed peer is Tata Consumer Products. The P/E ratio of the Tata Group corporation is 90.1 times. Even if its EPS is lower at ₹13.1 compared to ₹18.7 for the MTR owner, its total income is still much more than Orkla's.
In FY25, Orkla India's revenue increased 1.6% year over year to ₹2394.7 crore. In the meantime, its restated profit increased 12.9% year over year to ₹255.69 crore from ₹226.33 crore in FY24.
5. Peers from Orkla India
Orkla India's sole listed peer is Tata Consumer Products. The P/E ratio of the Tata Group corporation is 90.1 times. Even if its EPS is lower at ₹13.1 compared to ₹18.7 for the MTR owner, its total income is still much more than Orkla's.
6. Industry synopsis
The Technopak analysis estimates that the Indian packaged food market would reach ₹10,180 billion in Fiscal 2024, representing a 10.8% compound annual growth rate (CAGR) over Fiscal 2019. As of Fiscal 2024, India accounts for over 43% of the world's spice exports by value and nearly 70% of the world's spice output by volume.
7. Concerning the business
With activities spanning several decades, Orkla is a multi-category Indian food firm that offers a wide variety of goods that suit different meals, such as breakfast, lunch, dinner, snacks, beverages, and desserts. The Technopak Report states that within a limited group of top spices and convenience food firms, it was among the top four in terms of operating revenue in Fiscal 2024.
The Technopak analysis estimates that the Indian packaged food market would reach ₹10,180 billion in Fiscal 2024, representing a 10.8% compound annual growth rate (CAGR) over Fiscal 2019. As of Fiscal 2024, India accounts for over 43% of the world's spice exports by value and nearly 70% of the world's spice output by volume.
7. Concerning the business
With activities spanning several decades, Orkla is a multi-category Indian food firm that offers a wide variety of goods that suit different meals, such as breakfast, lunch, dinner, snacks, beverages, and desserts. The Technopak Report states that within a limited group of top spices and convenience food firms, it was among the top four in terms of operating revenue in Fiscal 2024.
8. A vast network
With 834 distributors and 1,888 sub-distributors spread across 28 states and six union territories, the company boasts a vast pan-Indian distribution network. It also has 42 contemporary trading partners and six e-commerce and rapid commerce partners. The Technopak Report states that its brands, Eastern and MTR, are the most extensively distributed in Kerala and Karnataka for spices. The company's brands are present in 67.5% and 70.4% of the roughly 300,000 retail stores that sell blended spices in Karnataka and 74,500 in Kerala, respectively. This is in contrast to the industry average of 30–40%.
With 834 distributors and 1,888 sub-distributors spread across 28 states and six union territories, the company boasts a vast pan-Indian distribution network. It also has 42 contemporary trading partners and six e-commerce and rapid commerce partners. The Technopak Report states that its brands, Eastern and MTR, are the most extensively distributed in Kerala and Karnataka for spices. The company's brands are present in 67.5% and 70.4% of the roughly 300,000 retail stores that sell blended spices in Karnataka and 74,500 in Kerala, respectively. This is in contrast to the industry average of 30–40%.
9. Important dangers
The business relies on suppliers for raw materials; in the three months ending June 30, 2025, the top 10 suppliers accounted for 37.9% of total purchases, and in Fiscal 2025, they accounted for 33.7%. Any disruptions in timely supply delivery or supplier loss could negatively affect the company's operations, cash flows, financial situation, and business.
In the meantime, fluctuations in the cost of raw materials and packaging materials can affect their operations. The firm, financial situation, cash flows, and operational outcomes may all suffer if it is unable to get raw materials and packaging materials at competitive pricing.
The business relies on suppliers for raw materials; in the three months ending June 30, 2025, the top 10 suppliers accounted for 37.9% of total purchases, and in Fiscal 2025, they accounted for 33.7%. Any disruptions in timely supply delivery or supplier loss could negatively affect the company's operations, cash flows, financial situation, and business.
In the meantime, fluctuations in the cost of raw materials and packaging materials can affect their operations. The firm, financial situation, cash flows, and operational outcomes may all suffer if it is unable to get raw materials and packaging materials at competitive pricing.
10. Lead managers who run books
The issue's registrar is KFin Technologies, and the book-running lead managers are ICICI Securities, Citi, JP Morgan, and Kotak Mahindra Capital.
The issue's registrar is KFin Technologies, and the book-running lead managers are ICICI Securities, Citi, JP Morgan, and Kotak Mahindra Capital.
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