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Orkla India IPO GMP Today: The initial public offering (IPO) of Orkla India, which owns spices and condiments brands MTR and Eastern, witnessed its second day of bidding today, Thursday, October 30. The Rs 1,667.5-crore mainboard IPO will be closed on October 31. The price band has been fixed at Rs 695 to Rs 730 per share.

On the second day of bidding on Thursday, the IPO received a 2.71x subscription, garnering bids for 4,33,14,220 shares as against the 1,59,99,104 shares on offer. Its retail category has received a 2.12x subscription, while the NII (non-institutional investor) quota has received a 7.59x subscription. The QIB category received a 0.06x subscription.

On Tuesday, the company raised around Rs 500 crore from anchor investors, a day before its maiden

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