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, launched its initial public offering on Wednesday. The Rs 1,668-crore IPO will close on Friday, Oct. 31.

The public issue consists of only an offer for sale of shares. Promoter Orkla Asia Pacific, along with public shareholders Navas Meeran and Feroz Meeran, will participate in the OFS.

Since it is an OFS, the company will not receive any proceeds from the IPO, and the entire amount of money will go to the selling shareholders.

The company raised nearly Rs 500 crore from anchor investors on Tuesday, including Nippon Life India and Nomura.

The allotment of shares to IPO invest

See Full Page