The Orkla India IPO opened for subscription on October 29, 2025, and will remain open until October 31, 2025. The Indian packaged food and marketing giant has set the price band at ₹695–₹730 per share, aiming to raise ₹1,667.54 crore entirely through an Offer for Sale (OFS). The IPO will be listed on both BSE and NSE.

Orkla India IPO GMP Today

As per market observers, Orkla India IPO GMP (Grey Market Premium) stands at ₹108 per share. This suggests that shares of Orkla India are trading at a premium in the grey market even before the subscription window opened. Experts believe that the GMP may rise further if the positive momentum continues on Dalal Street.

Orkla India IPO Subscription Status (Day 1)

By 11:51 AM on the first day of bidding, the IPO was subscribed 0.33 times.

  • Retail investors: 0.45 times

  • Non-Institutional Investors (NII): 0.49 times

Key Details of Orkla India IPO

  1. Price Band: ₹695 to ₹730 per share

  2. IPO Dates: October 29 to October 31, 2025

  3. Issue Size: ₹1,667.54 crore (100% OFS)

  4. Lot Size: 20 shares per lot

  5. Expected Allotment Date: November 1, 2025 (or November 3, in case of delay)

  6. Registrar: KFin Technologies

  7. Lead Managers: ICICI Securities, Citigroup Global Markets India, JP Morgan India, and Kotak Mahindra Capital

  8. Expected Listing Date: November 6, 2025

  9. GMP Today: ₹108

Expert Review — Orkla India IPO: Good or Bad for Investors?

Rajan Shinde, Research Analyst at Mehta Equities, said:

“The Orkla India IPO offers investors an opportunity to participate in a market-leading packaged food and spices company backed by iconic brands like MTR and Eastern. These brands hold 31–42% market share in key southern states and 18.6% pan-India share in the convenience foods category. The company’s 400+ product portfolio, strong regional dominance, and proven export track record — with Eastern being India’s top spice exporter for 24 years — showcase its growth potential.”

He added that Orkla India’s asset-light model, innovation-driven growth, and expanding international reach across the GCC, US, and Asia make it a solid long-term bet.
At the upper price band of ₹730, the issue implies a market capitalization of ₹10,000 crore and a PE ratio of 31.7x, which analysts consider reasonable.

However, since the IPO is 100% OFS, there will be no fresh capital inflow, which might concern some investors. Despite this, Mehta Equities has rated the IPO as “Subscribe for long-term”, citing strong fundamentals and leadership in the packaged food space.

Avinash Gorakshkar, SEBI-registered analyst, commented:

“The fundamentals are sound, but the 100% OFS structure and high valuations could deter conservative investors. Still, positive market sentiment might ensure successful subscription. Those with higher risk appetite can consider applying.”

Final Verdict

Overall, experts suggest that Orkla India IPO is a long-term investment opportunity for investors seeking exposure to the fast-growing Indian packaged food sector. The company’s strong brand recall, diversified portfolio, and international presence make it a potential winner — but cautious investors should weigh the OFS and valuation risks.