Orkla India Ltd. is scheduled to finalise the share allotment status for its initial public offering (IPO) on Monday, November 3, after witnessing a strong demand from investors.

The ₹1,667.54-crore Orkla IPO witnessed an overall subscription of 48.74 times, attracting bids for nearly 78 crore shares, against 1.6 crore shares on offer.

The mainboard IPO was open for subscriptions from October 29 to October 31.

In the retail category, the IPO was booked 7 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 54.42 times. The Qualified Institutional Buyers booked their quota 117.63 times. The company’s Employees segment was booked more than 15 times.

Orkla India IPO comprised entirely an offer-for-sale (OFS) of 2.28 crore shares. The lot size for the issue was fi

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