Orkla India Sets ₹695–₹730 IPO, ₹10,000cr Valuation

Orkla India has fixed its IPO price band at ₹695–₹730 per share, with the anchor book opening on October 28 and public subscription scheduled for October 29–31. The offering is a complete offer-for-sale of about 2.28 crore equity shares (no fresh issue), with proceeds going to selling shareholders and up to 30,000 shares reserved for employees; the deal is expected to raise roughly ₹1,600–1,660 crore and implies a post‑money valuation near ₹10,000 crore at the top of the band. Promoter Orkla Asia Pacific currently holds about 89.54% of the company, and the OFS would dilute holdings by roughly 16.6% overall. Orkla India — owner of MTR Foods, Eastern and Rasoi Magic — reported FY25 revenue of ₹2,358 crore and a June-quarter profit of ₹78.9 crore. Share allotment is expected to be finalized by November 3, and shares are scheduled to begin trading from November 6; ICICI Securities, Citigroup Global Markets India, JP Morgan India and Kotak Mahindra Capital are the lead managers.