{"id":5964,"date":"2025-10-27T12:37:09","date_gmt":"2025-10-27T12:37:09","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=5964"},"modified":"2025-10-27T12:38:07","modified_gmt":"2025-10-27T12:38:07","slug":"mtr-parent-orkla-india-ipo-heres-all-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/mtr-parent-orkla-india-ipo-heres-all-you-need-to-know\/","title":{"rendered":"MTR parent Orkla India IPO: Here\u2019s all you need to know"},"content":{"rendered":"Introduction<\/h3>\n
Orkla India Ltd. (OIL) is a multi-category Indian food company engaged in the manufacturing and marketing of spices, ready-to-cook and ready-to-eat convenience foods, and other packaged food products. According to the Technopak Report, OIL ranks among the top four companies by revenue in its core spices and convenience-food peer set. The company\u2019s well-known brands, MTR and Eastern, reflect its heritage in South Indian cuisine and benefit from Orkla ASA\u2019s parentage. The company is launching its \u20b91,667.54 crore IPO, a 100% offer for sale of 2.28 crore equity shares, opening for subscription on October 29, 2025, and closing on October 31, 2025. Recent financials show a moderation in bottom-line performance from FY24 onward, and at the upper band the issue appears optimally priced; however, investors are advised to perform detailed due diligence before taking any decision.<\/span>
\n<\/span><\/p>\nIPO Details<\/strong><\/p>\n\n
\n\n\n| Detail<\/b><\/td>\n | Information<\/b><\/td>\n<\/tr>\n<\/thead>\n\n\n| Opening Date<\/b><\/td>\n | 29 Oct 2025<\/span><\/td>\n<\/tr>\n\n| Closing Date<\/b><\/td>\n | 31 Oct 2025<\/span><\/td>\n<\/tr>\n\n| Price Band<\/b><\/td>\n | \u20b9695 – \u20b9730 per share<\/span><\/span><\/td>\n<\/tr>\n\n| Issue Size<\/b><\/td>\n | 2,28,43,004 shares <\/span>(aggregating up to \u20b91,667.54 Cr)<\/span><\/td>\n<\/tr>\n\n| Lot Size<\/b><\/td>\n | 20 shares per lot<\/span><\/td>\n<\/tr>\n\n| Minimum Investment (Retail)<\/b><\/td>\n | \u20b914,600(at upper price band)<\/span><\/td>\n<\/tr>\n\n| Listing Exchanges<\/b><\/td>\n | BSE & NSE<\/span><\/td>\n<\/tr>\n\n| Expected Listing Date<\/b><\/td>\n | 6 Nov\u00a02025<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n Source: BSE | Chittorgarh<\/span><\/p>\nBusiness Overview<\/h3>\nOrkla India Ltd. is a leading Indian food company engaged in the manufacturing and marketing of packaged food products across multiple categories, from spices and condiments to ready-to-eat meals and breakfast mixes. Formerly known as MTR Foods Private Limited, the company is a subsidiary of Norway-based Orkla ASA, a global consumer goods conglomerate.<\/span><\/p>\nOrkla India operates through a portfolio of well-established brands, including:<\/span><\/p>\n\n- MTR Foods: Offers instant mixes, spices, ready-to-cook and ready-to-eat meals, snacks, beverages, and vermicelli.<\/span><\/li>\n
- Eastern Condiments: Focuses on blended and pure spices, curry powders, and masalas.<\/span><\/li>\n
- Rasoi Magic: Specializes in convenient, pre-mixed spice blends and instant cooking aids for Indian cuisine.<\/span><\/li>\n<\/ul>\n
As of June 30, 2025, the company offers over 400 products and sells an average of 2.3 million units daily. It operates nine manufacturing facilities across India with a total installed capacity of 182,270 tonnes per annum, supported by contract manufacturing in UAE, Thailand, and Malaysia.<\/span><\/p>\nOrkla India has an extensive distribution network comprising 834 distributors and 1,888 sub-distributors, reaching 28 states and six union territories, along with exports to 42 countries, including the GCC region, the United States, and Canada.<\/span><\/p>\nThe company\u2019s strategy focuses on product innovation, regional market strength in South India, and leveraging its global parent\u2019s expertise in brand building and supply chain efficiency.<\/span><\/p>\nSource: RHP<\/span><\/p>\nFinancial Performance (Amount in \u20b9 Crore)<\/p>\n \n \n\n\n| Particulars<\/b><\/td>\n | 31 Mar 2025 (Consolidated)<\/b><\/td>\n | 31 Mar 2024 (Standalone)<\/b><\/td>\n | 31 Mar 2023 (Standalone)<\/b><\/td>\n<\/tr>\n<\/thead>\n\n\n| Assets<\/b><\/td>\n | 3,171.30<\/span><\/td>\n | 3,375.19<\/span><\/td>\n | 3,101.96<\/span><\/td>\n<\/tr>\n\n| Total Income<\/b><\/td>\n | 2,455.24<\/span><\/td>\n | 2,387.99<\/span><\/td>\n | 2,201.44<\/span><\/td>\n<\/tr>\n\n| Profit After Tax<\/b><\/td>\n | 255.69<\/span><\/td>\n | 226.33<\/span><\/td>\n | 339.13<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n Source: RHP | Chittorgarh<\/span><\/p>\nCompany\u2019s Strengths & Weaknesses<\/h3>\nStrengths<\/strong><\/p>\n\n- Portfolio of leading food brands – MTR, Eastern, and Rasoi Magic<\/span>
\n<\/span><\/li>\n- Category leadership in spices, instant mixes, and ready-to-eat meals<\/span>
\n<\/span><\/li>\n- Wide distribution network across India and 40+ export markets<\/span>
\n<\/span><\/li>\n- Strong manufacturing base with nine facilities and overseas partners<\/span>
\n<\/span><\/li>\n- Backed by global parent Orkla ASA\u2019s expertise and governance<\/span>
\n<\/span><\/li>\n- Consistent growth with healthy margins and minimal debt<\/span><\/li>\n<\/ul>\n
Weaknesses<\/b><\/p>\n\n- Entire IPO is an offer for sale, with no fresh capital inflow to the company<\/span>
\n<\/span><\/li>\n- High dependence on South Indian markets for a large share of revenue<\/span>
\n<\/span><\/li>\n- Intense competition in the packaged foods and spices segment<\/span>
\n<\/span><\/li>\n- Slower growth in legacy categories like traditional masalas and mixes<\/span>
\n<\/span><\/li>\n- Vulnerability to fluctuations in raw material and packaging costs<\/span><\/li>\n<\/ul>\n
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