New Delhi: Next week, several companies are set to enter the primary market through IPOs. One of these is Orkla India Ltd. This IPO will unshut on the main workbench on October 29th. However, it has once created a whoosh in the gray market. Its GMP is trading at over 20%. Consequently, it could offer investors substantial returns upon listing.
The issue size of this IPO is 1,667.54 crore. It will unshut for prompting on October 29th and tropical on the 31st. The issue is entirely based on an offer for sale (OFS). This ways no new shares will be issued. The visitor will issue 22.8 million shares under the OFS. Its listing is expected on November 6th.
What is price band?
Its squatter value is one rupee per share, and the price wreath is set at 695 to 730 rupees per share. One lot contains 20 shares, requiring an investment of 14,600 rupees. A retail investor can typesetting a maximum of 13 lots. This makes the maximum retail investment limit nearly 1.90 lakh rupees. Analysts say the wreath has been thoughtfully decided to vamp both small and big investors. With such pricing, the IPO has positioned itself as a strong candidate in the current bullish market environment.
What is the price in the grey market?
Orkla's IPO is once making waves in the gray market plane surpassing it opens. On Saturday, its gray market premium (GMP) was trading at 160. From an IPO price of 730, the stock could list at 890, a proceeds of approximately 22%. Experts believe such a premium indicates strong demand from institutional buyers. Grey market worriedness often reflects early investor sentiment superiority of the official listing. If this trend continues, Orkla may sally as one of the most rewarding IPOs of the season.
What does the visitor do?
Orkla, founded in 1996, is a well-known supplies visitor in India. It manufactures breakfast and dinner products, snacks, beverages, and sweets. The visitor owns some of India's most popular brands, including MTR Foods, Eastern Condiments, and Rasoi Magic. It sells its products not only in India but moreover in 42 countries, including the United States and Canada. As of June 30, 2025, the visitor had a range of over 400 products. In fiscal year 2025, the visitor sold an stereotype of approximately 2.3 million units per day.
