The initial public offering (IPO) of MTR Foods-parent Orkla India was off to a decent bidding from the investors on the first day of the bidding process, thanks to the buying from individual investors. The issue, which kicked off on Wednesday, October 29, shall close for bidding on Friday, October 31. Advertisement

Orkla India is selling its shares in the price band of Rs 695-730 apiece. Investors can apply for a minimum of 20 shares and its multiples thereafter. It is looking to raise Rs 1,667.54 crore via IPO, which is entirely an offer-for-sale (OFS) of up to 2,28,43,004 equity shares by the promoters and existing shareholders of the company.

According to the data, the investors made bids for 71,00,880 equity shares, or 44 per cent, compared to the 1,59,99,104 equity shares offered f

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