Orkla India’s initial public offering (IPO), which opened for subscription from 29–31 October 2025, attracted strong investor interest but saw a muted debut on the stock exchanges. The IPO, priced in the ₹695–₹730 band, was entirely an Offer for Sale (OFS) of 2.28 crore shares, raising approximately ₹1,667.54 crore.
Allotment was completed on 3 November, and trading began on 6 November 2025 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Shares opened at ₹750.10 on the NSE, about 2.75% above the upper price band, and ₹751.50 on the BSE, roughly 2.95% higher. However, early gains evaporated quickly as the stock slipped during intraday trading, touching a low of ₹693.35 on the BSE, down 5–7% from the listing price.
Before listing, grey market premiums had suggested a 9% expected gain, higher than the eventual performance. Analysts say the strong subscription, around 48.73 times overall, signals investor interest, but the modest listing gain reflects a cautious market mood.
For existing shareholders, experts recommend holding for the medium to long term, citing Orkla India’s strong brand portfolio and growth prospects. New investors are advised to monitor post-listing trends, as any short-term correction could provide a better entry point.
Risks for the company include a concentration of sales in South India (70% of Q1 FY26 sales) and ongoing legal proceedings (124 cases) that could affect operations or finances. On the positive side, Orkla India benefits from established regional brands, a wide distribution networkof 834 distributors and 1,888 sub-distributors across 28 states and six union territories and exposure to India’s growing packaged-food market, valued at ₹10,180 billion in FY24 and projected to reach ₹17,120 billion by FY29.
Orkla India’s IPO highlights investor interest in branded convenience foods. Yet, the modest premium and early price dip underline the need to align expectations with market realities. While the long-term growth story remains intact, investors are advised to exercise caution amid short-term volatility and regional concentration risks.
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