What’s inside:
This article covers the recent listing of Orkla India IPO, its performance, and important details for potential investors.
On Thursday, Orkla India made its debut in the secondary market. This company is well-known in the FMCG sector, particularly for its popular brands, MTR and Eastern, which offer a variety of food products.
The Orkla IPO had shown promise in the gray market with a premium of Rs 66 before listing. However, it did not meet investors’ expectations as it was anticipated to provide a profit of about 9.04 percent, but the actual results were different.
Orkla India shares were listed at Rs 750 each, giving a profit of only Rs 20.10 per share, which amounts to a 2.75 percent gain from the issue price of Rs 730. Investors can start investing in this IPO from October 29 to October 31, 2023, with the listing expected on November 5.
Key details include that the company is issuing 2.28 crore equity shares through an Offer for Sale, valued at Rs 1667 crore. More than half of these shares are set aside for Qualified Institutional Buyers, while 35 percent are for retail investors.
Looking ahead, after the IPO listing, Orkla India’s valuation could reach around Rs 10,000 crores. Investors should keep track of the listing date and the potential for future growth.
Summary:
- Orkla India IPO listed on Thursday.
- Shares listed at Rs 750, providing a small profit.
- Investors can apply from October 29 to 31.
- 2.28 crore shares are available in the Offer for Sale.
- Company valuation may reach Rs 10,000 crores post-listing.
