Orkla India capitalises on packaged food market with IPO filing
Orkla India, the packaged food giant known for its brand MTR, has officially filed preliminary papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The IPO will be a full Offer For Sale (OFS) consisting of 22,843,004 shares, meaning the company itself will not receive any of the proceeds, which will instead go to the selling shareholders.
13 Jun 2025 | 118 Views | By WhatPackaging? Team
As per media reports, the offering reserves 35% of shares for retail investors and also includes an employee quota. With a face value of INR 1 per share, Orkla India is aiming for a valuation between INR 2 to 2.5-billion, seeking to raise approximately INR 400-million. Financial data shows a steady increase in revenue, from INR 2,201-crore in FY23 to INR 2,388-crore in FY24 and an estimated INR 2,455.7-crore in FY25. Profit After Tax (PAT) figures were INR 251-crore, INR 226.3-crore, and INR 255.7-crore for the respective years.
Readers of WhatPackaging? magazine will recall that Orkla India, formerly MTR Foods, was acquired by Norwegian investment firm Orkla in 2007, which later acquired Eastern Condiments in 2020. The company is strategically expanding its distribution in both urban and rural India, capitalising on the growing demand for packaged foods driven by increasing incomes and better infrastructure.
As per market analysts, the move to go public reflects Orkla's confidence in the Indian market and its growth potential.