Orkla India IPO
Orkla India Ltd., a well-known FMCG player with a diversified product portfolio, is coming out with its maiden book-built IPO aggregating Rs. 1,667.54 crore, entirely an Offer for Sale of 2.28 crore equity shares. The issue opens for subscription on October 29, 2025, and closes on October 31, 2025. The price band is fixed at Rs. 695 to Rs. 730 per share, and the lot size is 20 shares, requiring a minimum retail investment of Rs. 14,600. For small HNIs, the minimum application size is 14 lots (280 shares) worth Rs. 2,04,400, while for big HNIs, it is 69 lots (1,380 shares) amounting to Rs. 10,07,400. The IPO will be listed on both BSE and NSE, with a tentative listing date of November 6, 2025. ICICI Securities Ltd. is the Book Running Lead Manager, and Kfin Technologies Ltd. is the Registrar to the issue.
đź•— Last Update: 25 October 2025, 6.00 AM
 IPO Key Dates
| IPO Opens on | 29 Oct, 2025 |
| IPO Closes on | 31 Oct. 2025 |
| Allotment on | 3 Nov., 2025 |
| Initiation of Refunds | Nov. 2025 |
| Credit of Shares | Nov. 2025 |
| Listing Date | 6 Nov. 2025 |
 Chittorgarh.com/IPO/orkla-IPO/
The promoters
Orkla Asa, Orkla Asia Holdings As and Orkla Asia Pacific Pte Ltd are the company promoters.
The promoters hold 90 % shares in the pre-IPO capital of the company.
Objects of IPO
The IPO consists of an offer for sale only.
Business :
IPO Details
| Opens On | 29 October 2025 |
| Closes on | 31 October 2025 |
| Face Value | Rs.1 |
| Issue Price Band | Rs.695-730 |
| Lot Size | 20 Shares |
| Sale Type | Offer for Sale |
| Total Issue Size | 2,28,43,004Â shares |
| Total Issue Size | Rs. 1667.75 Cr |
| Employee Discount | Rs. 0 |
| Shareholder Discount | Rs. 0 |
| Listing At | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How Shares can be applid?
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | 1 | 20 | 14,600 |
| Retail (Max) | 13 | 260 | 1,89,800 |
| S-HNI (Min) | 14 | 280 | 2,04,400 |
| S-HNI (Max) | 68 | 1,360 | 9,92,800 |
| B-HNI (Min) | 69 | 1,380 | 10,07,400 |
How to check Allotment Status
Allotment of this IPO will be announced on ? November 2025 and the link to check allotment is given below:
https://ipostatus.kfintech.com/
| Registered Office of the company Orkla India Ltd. No.1, 2nd and 3 rd Floor, 100 Feet Inner Ring Road Ejipura, Ashwini Layout, Vivek Nagar Bengaluru, Karnataka, 560047 Email: investors@orklaindia.com |
|
| The Lead Managers ICICI Securities Ltd. Â Citigroup Global Markets India Pvt.Ltd. Â JP Morgan India Pvt.Ltd. Kotak Mahindra Capital Co.Ltd. |
|
| Registrar to IPO | |
| Kfin Technologies ltd |
Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 3,171.30 | 3,375.19 | 3,101.96 |
| Total Income | 2,455.24 | 2,387.99 | 2,201.44 |
| Profit After Tax | 255.69 | 226.33 | 339.13 |
| Net Worth | 1,853.47 | 2,201.48 | 2,237.69 |
| Reserves and Surplus | 0 | 0 | 0 |
| Total Borrowing | 0 | 3.77 | 34.99 |
| Amount in Rs. Crore | |||
Key Performance Indicators
| KPI | Values |
| ROCE | 32.70% |
| RoNW | 13.80% |
| PAT Margin | 10.70% |
| EBITDA Margin | 16.60% |
| Price to Book Value | 5.4 |
| Market Capitalization | 10000.2 |
| EPS | 18.67 |
| PE Ratio | 39.11 |
Peer Comparison
| Company Name | P/EÂ (x) | RoNWÂ (%) |
| Orkla India Limited | 39.11 | 13.8 |
| Tata Consumer Products Limited | 90.1 | 6.4 |
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Orkla India IPO Review – Apply or not?
by Paresh Gordhandas, CA & India’s pioneer Research Analyst
Orkla India Ltd., a leading FMCG company with strong brands in packaged foods and personal care, is launching a book-built IPO of Rs. 1,667.54 crore, entirely an offer for sale. The company operates with a diversified portfolio and enjoys a robust market presence backed by its Norwegian parent, Orkla ASA.
Financially, Orkla India has shown stable performance with FY25 revenue of Rs. 2,455 crore and PAT of Rs. 256 crore, reflecting a PAT margin of 10.7% and strong ROCE of 32.7%. It operates with zero debt, indicating a solid balance sheet. At the upper price band of Rs. 730, the issue is valued at a P/E of 39.1x based on FY25 EPS of Rs. 18.67.
While valuations appear moderate compared to Tata Consumer Products (P/E 90x), the profitability and return ratios of Orkla India are far superior. With consistent margins, debt-free operations, and established brands, the IPO offers a blend of stability and long-term growth prospects.
Chanakya View: Well-managed FMCG player with healthy margins and strong parentage. Moderately priced issue — suitable for long-term investors seeking quality FMCG exposure.
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