The proposed IPO by Orkla India is Entrely An Offer for Sale (ofs) of up to 2.28 Crore Shares by the Promoter and Other Selling Sharehlders of the company. Orkla Asia Pacific PTE, Navas Meeran and Feroz Meeran Are Among the Sharelders offloading stake via the ofs.
Given the of the orkla iPo, the entry proceeds will go to the seling sharehlders, and the company will not receive the new.
Under the Orkla India IPO, 50% of the offer is reserved for Qualified Institute Buyers (QIBS), 15% for non-infustuous Investors (NIIS) and 35% for the retail bidders.
About Orkla India
Orkla, formerly knowledge as mtr foods, is a Multi-Category Indian Food Company, Specialising in South Indian Cuisine.
It offers Various products for Breakfast, Lunch, Snacks, Dinner, Beverages and Desserts. The Key Product Categories Include Spices and Convenience Foods. Its products are marketed under its brands MTR and Eastern.
According to the Technopak Report, Quoted in the DRHP, in Fiscal 2024, Orka India was one of the top four companies in terms of revealed selected select leading people.
The company help approximately 22.2% market share in the Indian Branded Spices Exports Segment in Fiscal 2024. Meaning Consectivate years.
ICICI Securities, Citigroup Global Markets India, JP Morgan India, and Kotak Mahindra Capital Company are the Book-Running Lead Manners to the issue.
Orkla India IPO Shares Are Proposed to be Listed on the BSE and the National Stock Exchange (NSE).
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