Orkla India Limited is a multi-category Indian food company with a decades-long heritage, primarily focused on the vast South Indian culinary market. The company is a key player in the Spices and Convenience Foods segments, offering a diverse portfolio of approximately 400 products that cater to every meal occasion. Its strength is rooted in its two well-established brands, MTR (acquired in 1996) and Eastern (acquired in 2021). These brands are household names, particularly in the core markets of Karnataka, Kerala, Andhra Pradesh, and Telangana.

The company operates an extensive distribution network across India and has a significant international presence, with export revenues making up over 20% of total sales in Fiscal 2025, primarily targeting the Indian diaspora in the GCC, US, and Canada. As a subsidiary of the Norway-listed Orkla ASA, the company benefits from strong corporate governance and operational standards. Its deep understanding of local flavors and efficient manufacturing, which includes nine owned facilities, positions it well for continued growth in the organized food sector.

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*Market cap @upper band

• Market Leadership & Brand Equity: Category leader with strong household brands built on a deep understanding of local consumer tastes.
• Distribution & Global Reach: Extensive distribution network with deep regional penetration and a wide global reach for exports.
• Efficient Operations & Quality: Large-scale, efficient manufacturing with stringent quality control and a robust supply chain.
• Management & Financial Strength: Experienced management team and strong global parentage driving a capital-efficient model for profitable growth.

The Company ORKLA INDIA LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Fees and commissions payable to the Book Running Lead Managers (including any underwriting commission, brokerage and selling commission)
• Advertising and marketing expenses for the Offer
• Fees payable to the Registrar to the Offer
• Commission/processing fee for SCSBs, Bank(s) and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs
• Printing and distribution of Offer stationery
• Other expenses including, listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees and other regulatory expenses
• Fees payable to other intermediaries to the Offer, including but not limited to Statutory Auditor, independent charted accountant, practicing company secretary and industry data provider
• Fee payable to legal counsels
• Miscellaneous

At the upper band of IPO ₹ 730, the stock is valued at 31.68 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.