The Orkla India IPO stayed in focus on stock market today, as the public issue comfortably crossed the full-subscription mark on Day 2. Even with a cautious market mood, the numbers showed that the offering continued to attract investors across categories.
By mid-morning on October 30, the IPO had reached 113% subscription, reflecting a steady build-up in demand as the bidding window moved into its second day.
Market Performance: Day 2 Sentiment Turns Steady
The broader market was trading mixed, but the Orkla India IPO Day 2 subscription data signaled consistent participation.
- Total bids received: 1.81 crore shares
- Shares on offer: ~1.6 crore
Within these numbers, the Non-Institutional Investors (NII) segment stood out, absorbing a significant portion early in the day.
Orkla India IPO Subscription Breakdown
The story of Day 2 was shaped by category-wise traction:
- NII category: Nearly 2.5 times subscribed (247%)
- Retail investors: Fully subscribed
- QIBs: Booked 2% of their allotted portion so far
The spread shows how different investor buckets engaged with the issue at their own pace, adding layers of depth to the subscription trend.
About Orkla India IPO
The Orkla India IPO aims to raise ₹1,667 crore, structured entirely as an Offer for Sale (OFS). All proceeds go to the selling shareholders, with no fresh issue component involved.
Key IPO Details
- Total OFS size: 2.28 crore shares
- Price band: ₹695 – ₹730 per share
- Minimum bid: 20 shares (₹14,600 at the lower band)
- Issue window: October 29 to October 31
The timelines remain tight, with allotment expected on November 3, followed by a scheduled listing on November 6.
Anchor Book Participation
A day before the issue opened, Orkla India secured ₹499.6 crore through the anchor book from 30 institutional investors. This early participation set the tone ahead of public bidding and helped establish initial price confidence.
Company Details: A Household Presence in Packaged Foods
Orkla India—known for its strong footprint in packaged foods through brands operating in convenience meals and spices—has maintained a sizeable presence in consumer kitchens. Its operational scale, reach, and brand recall remain central to the company’s identity.
The IPO structure also highlights one key point:
This is a shareholder exit event, not a capital-raising exercise for business expansion.
Summary of the Article
The Orkla India IPO made steady progress on Day 2, with overall subscription touching 113% by mid-morning. Interest came strongest from the NII segment, while retail investors fully booked their allocation. With a ₹1,667 crore OFS, a ₹695–₹730 price band, and anchor investment of ₹499.6 crore, the IPO is progressing as per schedule. The issue closes on October 31, with allotments set for November 3.
Easy & quick
Leave A Comment?