Orkla India IPO: The Dalal Street Debut, Orkla India- Spice to Slice!
And that did not remain spicy for long! Orkla India was listed on Dalal Street finally on Thursday, November 6, at a price of ₹751.50 on BSE and ₹751.10 on NSE, an insignificant 3 percent premium to its issue price of ₹730.
However, as the investors were about to breathe a sigh of relief, the stock went down by 6.59 points to reach ₹702, killing the initial hype well before a cold sambhar. What’s surprising? The stock had a 9 percent premium in the grey market just one day pre-listing, then, vanish! The hot listing hopes had cooled down.
It appears as though Orkla debuted below expectations in the eyes of traders, was this IPO more of a curry than a masala?
Orkla India IPO: Key Details
The 1,667.54 crore IPO became open to bids between October 29 and 31, 2025 and here lies the twist about it! It was not about raising new funds! It was a full Offer for Sale (OFS) of 2.28 crore shares, which offered the current shareholders their long-awaited way out. No fresh capital in the company this time, a simple shuffling of hands at Dalal Street!
Orkla India IPO: Issue Structure and Valuation
-
Price Band: ₹695 – ₹730 per share
-
Total Issue Size: ₹1,667.54 crore
-
Type: 100% Offer for Sale (OFS)
-
Selling Shareholders: Orkla ASA, Orkla Asia Holdings AS, and Orkla Asia Pacific Pte Ltd
-
Valuation: At the upper price band, Orkla India commands a P/E multiple of 39x based on FY25 EPS
Financial Performance and Business Outlook- Orkla India
| Metric / Aspect | Details |
|---|---|
| Quarter | Q1 FY26 |
| Volume Growth | 8.5% increase, indicating steady demand |
| Margin Drivers | – 50% from lower raw material costs – 50% from value-added products, outsourcing, digitisation, and cost efficiencies |
| Focus Areas | Expansion in value-added product lines and operational efficiency |
| Overall Outlook | Stable performance with improved profitability and cost management |
About Orkla India
Orkla India has been warming the Indian market since 2007, but it began by buying the household name MTR Foods, which is a leading brand in ready-to-eat food and spices. It did not stop there and acquired Eastern Condiments in 2021, one of the most successful spice companies located in Kerala. Originally, Orkla India is a market player in the branded food segment, which generates approximately 66% of its whole revenue in spices, but the remaining revenue is earned in convenience food products. To both investors and food lovers, the Indian experience of Orkla is a combination of bravery and market sense in its acquisitions and also its palatable growth.
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
