IPO Listing Today: Shares of Orkla India Ltd list at 3% above the IPO price

On Thursday, shares of Orkla India Ltd got listed on the exchanges, that is the BSE and the NSE. On the BSE, the shares got listed at Rs 751.50 per share and on the NSE, the shares got listed at Rs 750.10.

Orkla India Ltd, a prominent player in the Indian packaged food industry and part of the global Norwegian group Orkla ASA, successfully closed on October 31, 2025. The company, which operates under well-known legacy brands like MTR and Eastern, was at a price band between Rs 695 to Rs 730 per equity share with a face value of Re 1.

The IPO was purely an Offer for Sale (OFS), aggregating to an issue size of approximately Rs 1,667.54 crore, with the existing promoter offering up to 22,843,004 equity shares, meaning the company itself received no proceeds from the sale. Orkla India positioned the issue to capitalise on the favourable outlook for India's packaged food market, which is expected to grow at an estimated 11% CAGR by FY29, driven by increasing consumer demand for convenience foods and branded products.

The company's strengths were highlighted by its robust brands, deep regional presence in India, and an asset-light, low-debt business model that historically generated stable cash flows. Despite facing challenges like intense competition and modest revenue growth, the offering attracted attention due to its relative valuation, with a P/E ratio of 31.68x, which appeared attractive when compared to major peer groups. The listing marked a significant step for the company in its journey within the rapidly evolving Indian consumer goods landscape, providing a liquidity event for the selling shareholder and introducing a new, debt-free food sector stock to the public markets.