Orkla India IPO Debut: Shares List at 3% Premium on NSE, Delivering Quick Wins for Investors
Orkla India , the popular food brand behind favorites like MTR spices and Eastern condiments, kicked off its stock market journey today with a positive start. The company's shares debuted on the National Stock Exchange (NSE) at ₹750.10 each – a neat 2.75% jump from the IPO price of ₹730. Over on the Bombay Stock Exchange (BSE), it opened even stronger at ₹751.50, marking a 2.95% gain right out of the gate.
This modest but steady listing has put smiles on the faces of retail investors who grabbed shares in the hotly contested IPO. With a lot size of just 20 shares, lucky allottees are looking at an instant profit of around ₹402 per lot on the NSE (based on the ₹20.10 premium per share). It's a solid return for those who bet on this homegrown food giant's growth story.
The Orkla India IPO, worth ₹1,667.54 crore, was a pure offer-for-sale (OFS) deal. That means promoter Orkla Asia Pacific, along with shareholders Navas Meeran and Feroz Meeran, sold off 2.28 crore shares. None of the fresh cash heads to the company – it's all going to the sellers. Before the public launch, anchors like Aditya Birla Sun Life AMC, Nippon Life India, and Tata Investment Corporation poured in ₹499.6 crore, showing big players' faith in the brand.
What made this IPO a hit? Superb demand! It got subscribed a whopping 48.73 times. Qualified institutional buyers (QIBs) went all-in, snapping up their quota 117.63 times over. Non-institutional investors followed suit at 54.42 times, while retail folks – everyday investors like you and me – bid 7.05 times for their slice. In numbers: Bids poured in for over 779 million shares against just 16 million on offer.
Once known as MTR Foods , Orkla India is a go-to name for tasty, easy meals. Think ready-to-eat curries, spice blends, breakfast mixes, and sweets under brands like MTR, Rasoi Magic, and Eastern. With a strong foothold in Indian kitchens, the company is riding the wave of busy lifestyles and rising love for convenient home cooking.
As shares trade in early sessions, all eyes are on how Orkla India holds up amid market ups and downs. For IPO hunters, this debut is a reminder that even a small premium can add up nicely. If you're eyeing food stocks or planning your next investment, keep tabs on this one – it could spice up your portfolio!
This modest but steady listing has put smiles on the faces of retail investors who grabbed shares in the hotly contested IPO. With a lot size of just 20 shares, lucky allottees are looking at an instant profit of around ₹402 per lot on the NSE (based on the ₹20.10 premium per share). It's a solid return for those who bet on this homegrown food giant's growth story.
A Quick Look at the Orkla India IPO Buzz
The Orkla India IPO, worth ₹1,667.54 crore, was a pure offer-for-sale (OFS) deal. That means promoter Orkla Asia Pacific, along with shareholders Navas Meeran and Feroz Meeran, sold off 2.28 crore shares. None of the fresh cash heads to the company – it's all going to the sellers. Before the public launch, anchors like Aditya Birla Sun Life AMC, Nippon Life India, and Tata Investment Corporation poured in ₹499.6 crore, showing big players' faith in the brand.
What made this IPO a hit? Superb demand! It got subscribed a whopping 48.73 times. Qualified institutional buyers (QIBs) went all-in, snapping up their quota 117.63 times over. Non-institutional investors followed suit at 54.42 times, while retail folks – everyday investors like you and me – bid 7.05 times for their slice. In numbers: Bids poured in for over 779 million shares against just 16 million on offer.
Why Orkla India Stands Out in the Food Game
Once known as MTR Foods , Orkla India is a go-to name for tasty, easy meals. Think ready-to-eat curries, spice blends, breakfast mixes, and sweets under brands like MTR, Rasoi Magic, and Eastern. With a strong foothold in Indian kitchens, the company is riding the wave of busy lifestyles and rising love for convenient home cooking.
As shares trade in early sessions, all eyes are on how Orkla India holds up amid market ups and downs. For IPO hunters, this debut is a reminder that even a small premium can add up nicely. If you're eyeing food stocks or planning your next investment, keep tabs on this one – it could spice up your portfolio!
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