Orkla India Limited (formerly known as MTR Foods Private Limited) is one of India’s leading branded packaged food companies, offering a diverse range of food products that span breakfast, lunch, dinner, snacks, beverages, and desserts. The company is backed by its parent, Orkla ASA, a Norway-based consumer goods conglomerate.
Orkla India’s product lineup represents the perfect blend of authentic Indian tradition and modern convenience. It owns a collection of well-established Indian brands that have been part of households for generations:
- MTR Foods – A pioneer in ready-to-cook and ready-to-eat segments, MTR offers instant mixes, masalas, breakfast products, snacks, beverages, spices, vermicelli, and convenience foods.
- Eastern Condiments – A leading brand in the spice and condiments category, known for high-quality masalas and ready-to-use spice blends.
- Rasoi Magic – Specializes in ready-to-cook gravies and spice mixes that bring authentic regional Indian flavors to everyday cooking.
As of June 30, 2025, Orkla India offered over 400 products across multiple food categories. During Fiscal 2025, the company achieved an impressive scale, selling an average of 2.3 million units per day, highlighting its strong brand loyalty and market demand.
Its core markets include Karnataka, Kerala, Andhra Pradesh, and Telangana, while also maintaining a strong national presence. On the international front, Orkla India exports its products to around 42 countries, including the GCC nations, the United States, and Canada, catering to global consumers seeking authentic Indian flavors.
As of March 31, 2025, the company owned 9 manufacturing units in India with a total installed capacity of 182,270 tonnes per annum (TPA).
It also utilizes contract manufacturing facilities in India, the UAE, Thailand, and Malaysia to enhance production flexibility and efficiency.
The company has established a strong presence across 28 states and 6 union territories in India, supported by a robust distribution network that includes 834 distributors and 1,888 sub-distributors, ensuring deep market penetration and efficient nationwide product availability.
Orkla India IPO – Details
| IPO Opening Date | 29 October 2025 |
| IPO Closing Date | 31 October 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,28,43,004 Shares Worth ₹1,667.54 Crore Offer For Sale: 2,28,43,004 Shares Worth ₹1,667.54 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹695 – ₹730 per share |
| Market Lot | 20 Shares |
| Min Order | 20 Shares [ 1 Lot ] |
| Employee Discount | ₹69 |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Orkla India IPO – Date Schedule
| IPO Open Date | 29 October 2025 |
| IPO Close Date | 31 October 2025 |
| Basis of Allotment | 03 November 2025 |
| Initiation of Refund | 04 November 2025 |
| Credit of Shares to Demat Account | 04 November 2025 |
| IPO Listing Date | 06 November 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 31, 2025 |
Orkla India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| 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 |
Competitive Strength
- Category market leader with ability to build and scale household food brands through an in-depth understanding of local consumer tastes.
- Multi-category food company with a focus on product innovation.
- Extensive distribution infrastructure with deep regional network and wide global reach.
- Large-scale manufacturing with stringent quality control and a robust supply chain.
- Experienced management team supported by strong global parentage.
- Strong business model with a track record of delivering profitable growth.
Company Promoters
- Orkla Asa
- Orkla Asia Holdings As
- Orkla Asia Pacific Pte Ltd
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹2,201.44 Cr | ₹1,943.72 Cr | ₹339.13 Cr | ₹34.99 Cr |
| 31 March 2024 | ₹2,387.99 Cr | ₹2,083.37 Cr | ₹226.33 Cr | ₹3.77 Cr |
| 31 March 2025 | ₹2,455.24 Cr | ₹2,066.15 Cr | ₹255.69 Cr | – |
| 30 June 2025 | ₹605.38 Cr | ₹499.30 Cr | ₹78.92 Cr | ₹2.33 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32.70% |
| RoNW | 13.80% |
| PAT Margin | 10.70% |
| EBITDA Margin | 16.60% |
| Price to Book Value | 5.40 |
| Market Capitalization | 10,000.21 Cr |
Object Of The Issue
- The Offer for Orkla India Limited is a pure Offer for Sale (OFS), wherein the Selling Shareholders will receive the entire proceeds from the issue, after deducting applicable offer-related expenses and taxes.
- The company itself will not receive any funds from this offer.
- Achieve the benefits of listing the equity shares on the BSE and NSE, enhancing visibility, brand image, and providing liquidity to shareholders.
Midwest IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Tata Consumer Products Limited | 90.10 |
✅Strengths
- Strong heritage brands — MTR, Eastern, and Rasoi Magic — with deep consumer trust.
- Diverse product portfolio of 400+ SKUs covering all meal occasions.
- Extensive reach across 28 states, 6 UTs, and exports to 42 countries.
- Robust manufacturing base with 9 Indian plants and overseas units in UAE, Thailand, and Malaysia.
- Backed by Orkla ASA, providing global expertise and innovation support.
- High sales volume — averaging 2.3 million units sold per day in FY2025.
⚠️Risks
- Exposure to raw material price volatility (spices, grains, oils).
- Intense competition from regional and national brands.
- Heavy dependence on key brands like MTR and Eastern.
- Foreign exchange and export-related risks.
- Possible supply chain disruptions or compliance issues in food safety regulations.
Orkla India IPO Promoter Holding
| Pre Issue Share Holding | 90.01% |
| Post Issue Share Holding | 75.00% |
Orkla India IPO Prospectus
Company Contact Information
| Orkla India Ltd. No.1, 2nd and 3 rd Floor, 100 Feet Inner Ring Road Ejipura, Ashwini Layout, Vivek Nagar Bengaluru, Karnataka, 560047 Phone: +91 8040812100 Email: investors@orklaindia.com Website: http://www.orklaindia.com/ |
Orkla India IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: orklaindia.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Orkla India IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. J.P. Morgan India Private Limited 3. Kotak Mahindra Capital Company Limited 4. Citigroup Global Markets India Private Limited |
Orkla India IPO FAQs
| What is Orkla India IPO? Orkla India IPO is a main-board IPO. The issue is priced at ₹695 to ₹730 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Orkla India IPO open? The IPO is to open on 29 October 2025 for QIB, NII, and Retail Investors. |
| What is Orkla India IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Orkla India IPO Size? Orkla India IPO size is ₹1,667.54 Crore. |
| What is the Orkla India IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 20 Shares with ₹14,600, while the maximum bid is 260 Shares with ₹1,89,800. |
| What is the Orkla India IPO Allotment Date? Orkla India IPO allotment date is 03 November 2025. |
| What is the Orkla India IPO Listing Date? Orkla India IPO listing date is 06 November 2025. The IPO is to be listed on BSE and NSE. |
