Orkla India stepped onto the stock market on Thursday with a measured debut, its shares trading roughly 3 percent above the issue price — a softer start than some investors and market chatter had expected.
The stock was quoted at ₹750.10 on the National Stock Exchange (NSE), a 2.75% premium to the upper price band of ₹730. On the Bombay Stock Exchange (BSE) it opened at ₹751.50, showing a 2.95% rise from the top of the band.
The ₹1,667-crore initial public offering drew heavy interest, being subscribed 48.73 times during the October 29–31 subscription window. The company had set a price band of ₹695–₹730 per share and secured roughly ₹500 crore from anchor investors before the public offer went live.
At listing, Orkla India’s market valuation was about ₹10,294.74 crore. Despite the firm's solid market position and brand recognition, the debut did not match earlier grey-market signals that pointed to potential listing gains near 9%.
Formerly operating as MTR Foods, Orkla India is a diversified packaged-food business with a particularly strong footprint in southern India. Its portfolio spans spices, ready-to-eat meals, sweets and breakfast mixes under familiar labels such as MTR, Rasoi Magic and Eastern.
Though the listing lacked dramatic gains, market participants still regard Orkla India as a well-established name in the country’s growing convenience-food sector — a category many expect to expand in the years ahead.
Federal government signs landmark agreements with Musqueam Nation, recognizing Aboriginal rights whi
Canada’s labour market faltered with a sharp drop in employment and higher unemployment, marking the
Samuel Ramirez Jr., added to FBI’s Ten Most Wanted, was captured in Mexico just 73 minutes after lis
A US federal judge dismissed subpoenas targeting Federal Reserve chair Jerome Powell, saying prosecu
