Overview
- Shares are set to debut on the NSE and BSE on November 6 after the allotment was finalised on November 3 and demat credits were processed on November 4, with markets shut on November 5.
- The IPO was subscribed 48.73 times with about 77.9 crore bids against roughly 1.6 crore shares, including 117.63 times in the QIB portion, 54.42 times for NIIs, 7.05 times for retail and 15.13 times for employees.
- The latest reported grey market premium was about Rs 68 on the morning of listing, indicating a possible 9% gain over the Rs 730 upper band, though GMP is unofficial and may not reflect the actual listing price.
- The Rs 1,667.54 crore offering was a 100% offer-for-sale priced at Rs 695–730 per share, so proceeds go to selling shareholders and not to the company.
- Orkla India, part of Norway-based Orkla ASA, owns packaged-food brands MTR, Eastern and Rasoi Magic and sells across categories in India with exports to more than 40 countries.