Orkla India IPO Opens: 'Subscribe' Says Angel One — Check Issue And Other Key Details

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Angel One Report

Orkla India Ltd. reported a net profit of Rs 255.7 crore on revenues of Rs 2,455.2 crore for fiscal 2025, reflecting year-on-year growth in both profitability and topline performance and marking a significant milestone for the company and its parent group.

Orkla India launched its initial public offering today and the offer will conclude on Oct. 31. A multi-category Indian food company and the owner of spices, convenience foods and condiments brands MTR and Eastern has fixed the price band in the range of Rs 695 to Rs 730 per equity share.

The company is raising Rs 1,667.54 crore through an offer for sale of 2.28 crore shares, with the primary objective being to provide an exit opportunity and liquidity to existing shareholders rather than raising fresh capital for the business.

The shares Orkla India will be listed on both the National Stock Exchange and the BSE on Nov 06.

At the upper band price of Rs 730, Orkla India is valued at a post-IPO P/E of 31.68x, which appears fairly priced considering its diversified product portfolio, strong market presence across key FMCG categories, resilient financial performance and long-term growth visibility; thus, we recommend a ‘Subscribe’ rating.

Key Risks

Orkla India faces key risks from volatility in the pricing of raw and packaging materials.

Additionally, operational risks such as supply chain interruptions, underutilization of manufacturing plants, labour shortages and climate-related challenges could adversely affect its financial and operating performance.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.