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Orkla India Fixes IPO Price Band at ₹695–₹730, Eyes ₹1,667 Crore Raise
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Orkla India set its IPO band at ₹695–₹730 to raise ₹1,667 crore, leveraging resilient FMCG demand and investor confidence ahead of its November 6 listing.
Orkla India, parent of MTR Foods, announced its IPO price band at ₹695 to ₹730 per share, targeting proceeds of ₹1,667 crore and an implied valuation near ₹10,000 crore (US$1.13 billion). The issue will open November 6 and fund capacity expansion and brand marketing initiatives. Analysts said strong consumer-staple demand and Orkla’s diversified portfolio could attract long-term investors. Market strategists noted that successful listing sentiment from FMCG peers may support premium pricing and robust oversubscription trends during the offering window.