Orkla India IPO Opens Tomorrow with Strong GMP Above ₹100
The highly anticipated Orkla India IPO is set to launch on October 24, 2023, with a bullish grey market premium (GMP) holding steady above ₹100. This signals strong investor confidence in the FMCG giant’s market debut. Here’s a detailed breakdown of the IPO’s price band, key dates, and listing prospects.
Orkla India IPO GMP Indicates High Demand
The grey market premium (GMP) for Orkla India shares remains robust at ₹100+, reflecting strong pre-IPO demand. Analysts attribute this optimism to:
– Established brand portfolio (MTR, Eastern Condiments)
– Consistent revenue growth in India’s FMCG sector
– Backing by Norway’s Orkla ASA
IPO Price Band, Lot Size & Key Details
| Parameter | Details |
|———————|————|
| Price Band | ₹400 – ₹420 per share |
| Lot Size | 35 shares (~₹14,700 at upper band) |
| Issue Size | ₹800 crore (fresh) + OFS (1.5 crore shares) |
| Listing On | BSE & NSE (Expected November 3, 2023) |
Orkla India IPO Dates – Full Timeline
- Subscription Opens: October 24, 2023
- Subscription Closes: October 26, 2023
- Allotment Finalization: October 31, 2023
- Refunds Initiated: November 1, 2023
- Demat Credit: November 2, 2023
- Listing Date: November 3, 2023
Why Invest in Orkla India IPO?
✅ Strong Brand Equity – MTR & Eastern dominate Indian kitchens.
✅ Growth in Packaged Foods – Rising demand for ready-to-eat products.
✅ Solid Financials – Consistent revenue & margin growth.
✅ Global Backing – Parent company Orkla ASA ensures stability.
Risks to Consider Before Applying
⚠ Premium Valuation – Priced higher than some peers.
⚠ Fierce Competition – Faces Nestle, ITC, and HUL in FMCG space.
⚠ Brand Concentration – Heavy reliance on MTR’s success.
Analyst Views & Final Verdict
Most brokerages recommend subscribing, citing Orkla India’s strong market positioning. However, short-term investors should monitor subscription trends and GMP fluctuations. Long-term holders may benefit from India’s booming FMCG sector.
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