Archive · 11 Jun 2025
MTR Foods Parent, Orkla India Files for IPO
Orkla India, which owns MTR Foods and Eastern Condiments, is planning an IPO.
However, this is an offer for sale, meaning current shareholders are selling their shares, and the company won't get any money.
Key shareholders like Orkla Asia Pacific Pte will sell their shares.
The listing will happen in India.
The IPO could be worth approximately ₹3,200-3,500 crore.
The proceeds will go to the selling shareholders.
Several financial firms, including ICICI Securities and Citigroup, are managing the IPO.
Orkla India, owner of MTR and Eastern brands, filed for an IPO.
The IPO is an offer-for-sale of 2.28 crore shares.
Orkla Asia Pacific Pte and other shareholders will sell their shares.
The estimated IPO value could be between ₹3,200-3,500 crore.
ICICI Securities, Citigroup, JP Morgan, and Kotak Mahindra Capital are managing the IPO.
- Who
- Orkla India, Orkla Asia Pacific Pte, Navas Meeran and Feroz Meeran.
- What
- Orkla India filed for an initial public offering (IPO) of 2.28 crore shares.
- When
- Filed draft papers with SEBI.
- Where
- India
- Why
- To sell shares through an offer for sale and unlock value for investors.
Shareholder Perspective
Company Perspective
Financial Benefit
Shareholder Perspective
Selling shareholders will receive the IPO proceeds.
Company Perspective
The company itself will not receive any funds.
- Company
- Orkla India
- IPO Type
- Offer for Sale (OFS)
- Shares Offered
- 2.28 crore
- Brands
- MTR, Eastern
- Estimated Value
- ₹3,200-3,500 crore
- Selling Shareholders
- Orkla Asia Pacific Pte, Navas Meeran, Feroz Meeran
- Book-Running Lead Managers
- ICICI Securities, Citigroup, JP Morgan, Kotak Mahindra Capital
