Orkla India IPO: MTR Foods owner Orkla India has fixed the price band of Rs 695-730 per share for the Rs 1,667 crore initial public offering (IPO). The pure offer for sale (OFS) issue is set to open next week, between October 29 and October 31. Bidding for anchor investors will be held on October 28.

Orkla India IPO GMP

Ahead of the opening of three-day subscription window, Orkla India IPO’s unlisted shares are commanding a premium of 10 per cent in the grey market. According to GMP tracking websites, the unlisted shares currently have the GMP of Rs 70.

With the cap of price band, the company’s valuation stood at Rs 10,000 crore.

Orkla India IPO Details

As part of the OFS, shares will be sold by promoter Orkla Asia Pacific Pte, along with shareholders Navas Meeran and Feroz Meeran. C

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