MTR Foods Parent Orkla India Sets IPO Price Band at Rs 695-730, Eyes Rs 10,000 Crore Valuation

MTR, Eastern promoter Orkla sets IPO price at Rs 695-730; the Rs 1,667.54-crore issue opens on Oct 29

The Meeran brothers collectively own 10 percent in Orkla and will be diluting just 1.8 percent through the offer

MTR-owner Orkla India files ₹1,667 cr IPO at ₹695-730 per share

Orkla India sets IPO price band at ₹695-730, aiming for a $1.14 billion valuation, opening for retail investors on October 29.

MTR Foods parent Orkla India sets IPO price band at Rs 695-730, eyes Rs 10,000 crore valuation

Orkla India, the parent of MTR Foods, has set an IPO price band of Rs 695 to Rs 730 per share, aiming for a valuation of Rs 10,000 crore. The company will launch its offering for retail investors on October 29, with anchor investors bidding a day prior.

Upcoming IPO: Orkla India, parent of MTR and Eastern spices brand, files RHP; IPO to open on October 29 via pure OFS

Orkla India IPO | The public issue is entirely an offer-for-sale of 2.28 crore equity shares by promoter Orkla Asia Pacific, and other shareholders - Navas Meeran and Feroz Meeran.

Orkla's India unit IPO opens next week

Orkla’s Indian unit will launch its IPO next week after securing regulatory clearance to list its equity shares on domestic exchanges. The post Orkla’s India unit IPO opens next week appeared first on Just Food.

Orkla India Sets IPO Price Band, Targets $1.14 Billion Valuation

Orkla India, the parent company of popular ready-to-eat brand MTR Foods, has announced a price band of ₹695 to ₹730 per share for its upcoming initial public offering (IPO), aiming for a valuation of up to ₹100 billion ($1.14 billion) at the upper end, according to Reuters calculations. The IPO for retail investors will open on October 29, while anchor investors can submit bids a day earlier, on October 28. The offering does not involve a fresh …