Orkla India, formerly known as MTR Foods, is a multi-category packaged food manufacturer best known for its MTR, Rasoi Magic and Eastern spice and condiment brands. The company’s portfolio spans spices, masalas, ready-to-eat meals, sweets and breakfast mixes that are distributed across India. In anticipation of a stock market listing scheduled for 6 November, Orkla India is conducting a ₹1,667 crore initial public offering that is structured entirely as an offer for sale by its existing shareholders. At the top end of the ₹695–730 price band, the IPO would value the business at about ₹10,000 crore. Current promoters Orkla Asia Pacific Pte Ltd and Orkla ASA together hold 90 % of the shares, while Navas Meeran and Feroz Meeran each own 5 %. Because the IPO does not include a fresh issue, the company will not receive proceeds; however, the public listing is expected to enhance its market visibility and provide liquidity to existing backers. Ahead of the IPO, the company completed a ₹499.6 crore anchor placement to a mix of domestic and foreign institutional investors.

Total raised

$57M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2025