Orkla India is a multi-category Indian food company. (Image: MTR Foods) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Orkla India Ltd., the owner of spices and condiments brands MTR and Eastern, on Friday announced the price band for its upcoming initial public offering.

The IPO will open for subscription on Oct. 29 and close on Oct. 31. Investors can bid in the range of Rs 695 to Rs 730 per share, according to a public advertisement.

The minimum bid lot size is 20 shares, requiring an investment of Rs 13,900 at the lower price band and Rs 14,600 at the upper price band.

The company will invite bids from large institutions via the anchor round on Oct. 28.

The allotment of shares to IPO investors will be done tentatively on Nov. 3. Orkla India will list on the BSE and

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