Orkla India Limited, the Indian arm of Norwegian industrial group Orkla ASA and the parent company of MTR Foods, Eastern Condiments, and Rasoi Magic, is gearing up for its much-awaited initial public offering (IPO), which could value the company at over $1 billion (\u20b99,800\u2013\u20b910,500 crore). The IPO is expected to hit the market by late October or November, depending on market conditions.<\/p>\n
According to industry sources, Orkla India has completed investor roadshows and is preparing to make its market debut soon. The IPO will be a pure offer for sale (OFS), meaning the proceeds will go entirely to the selling shareholders and not the company itself.<\/p>\n
The firm\u2019s updated draft red herring prospectus (UDRHP) will be filed shortly. The move comes amid growing interest from multinational corporations to unlock value in Indian capital markets, following the success of large MNC listings like LG Electronics India, whose IPO crossed \u20b94 lakh crore in subscription.<\/p>\n
Also Read: Zen Technologies wins \u20b937-crore order from Defence Ministry for anti-drone systems<\/a><\/p>\n Orkla India received SEBI approval for its IPO on September 15, after filing its draft red herring prospectus (DRHP) in July. As per the filing, the IPO will include a complete OFS of 2.28 crore equity shares. Shares will be offloaded by Orkla Asia Pacific Pte Ltd, along with shareholders Navas Meeran and Feroz Meeran.<\/p>\n The promoters hold a 90% stake in the company, while Navas and Feroz Meeran hold 5% each. The issue will be managed by ICICI Securities, Kotak Mahindra Capital, Citigroup Global Markets India, and JPMorgan India.<\/p>\n Since this is a pure OFS, no fresh equity will be issued, and the company will not directly benefit financially from the IPO proceeds.<\/p>\n Orkla\u2019s journey in India began in 2007 with the acquisition of MTR Foods, followed by the purchase of Eastern Condiments in 2012. In 2023, the company merged its multiple Indian businesses \u2014 MTR, Eastern, and its international unit \u2014 into one consolidated entity, Orkla India.<\/p>\n The company today operates across multiple food categories, offering spices, masalas, breakfast mixes, and ready-to-eat meals, making it a household name across India.<\/p>\n India\u2019s packaged food market is estimated at \u20b910.18 lakh crore as of FY24, growing at a CAGR of 10.8% since FY19. With strong domestic demand and established brands, Orkla India is expected to attract significant investor interest.<\/p>\n In its 2024\u20132026 strategy, Orkla ASA said the focus for its Indian arm will be to strengthen leadership in core categories such as spices and spice blends, while expanding in breakfast, sweets, and ready-to-cook segments. The company also plans to explore selective M&A opportunities while maintaining disciplined capital expenditure.<\/p>\n Orkla\u2019s decision follows a broader trend of multinational companies tapping into India\u2019s booming equity markets. The successful Hyundai Motor India IPO, which raised $3.3 billion in 2024 and achieved a $19 billion valuation, has set a strong precedent.<\/p>\n Other global players \u2014 including Carlsberg, Tenneco India, and Versuni (formerly Philips Domestic Appliances) \u2014 are reportedly exploring IPOs for their Indian arms as investor appetite for MNC-backed companies grows.<\/p>\n The Sensex\u2019s 10% rise in the past six months and strong retail participation have further bolstered market sentiment.<\/p>\n The proposed Orkla India IPO underscores the group\u2019s long-term commitment to the Indian market. The listing will allow investors to participate in one of India\u2019s most trusted FMCG brands, while helping Orkla unlock shareholder value.<\/p>\n With a $10.2 billion global market cap, Orkla ASA already operates in over 20 countries, spanning consumer goods, aluminium products, and financial investments.<\/p>\n If market conditions remain favourable, Orkla India\u2019s IPO could be one of the most anticipated MNC listings of 2025, reflecting the strong investor confidence in India\u2019s growing packaged food and FMCG space.<\/p>\n Click here to explore:<\/strong><\/p>\n FII DII Data<\/a> Orkla India Limited, the Indian arm of Norwegian industrial group Orkla ASA and the parent company of MTR Foods, Eastern Condiments, and Rasoi Magic, is gearing up for its much-awaited initial public offering (IPO), which could value the company at over $1 billion (\u20b99,800\u2013\u20b910,500 crore). The IPO is expected to hit the market by late […]<\/p>\n","protected":false},"author":7,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1384],"class_list":{"0":"post-15396","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipo-news"}," _eael_post_view_count":0,"authors":[{"term_id":1384,"user_id":7,"is_guest":0,"slug":"jitesh-kanwariya","display_name":"Jitesh Kanwariya","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/15396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=15396"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/15396\/revisions"}],"predecessor-version":[{"id":15398,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/15396\/revisions\/15398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/14910"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=15396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=15396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=15396"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=15396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}IPO details and deal structure<\/h2>\n
From MTR to Orkla India: A strong brand portfolio<\/h2>\n
Growth outlook and market opportunity<\/h2>\n
Global context and MNC listing trend<\/h3>\n
A potential milestone for Orkla\u2019s India journey<\/h3>\n
\nIPO<\/a>
\nBSE Sensex<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"