IPO Rush: MTR-Parent Orkla India To Open For Bidding; Three SME Offers On D-Street
The Indian primary market is set to welcome one mainboard offering in the week ahead. Activity on the listing front is also muted, prepping the stage for a more eventful first half of November.
Here’s what’s in store on the IPO front for the last week of October:
MTR-Parent Orkla India Ltd. IPO
MTR-parent Orkla India Ltd. is the only mainboard offering on Dalal Street this week. The IPO will open for subscription on Oct. 29 and close on Oct. 31. Investors can bid in the range of Rs 695 to Rs 730 per share, according to a public advertisement.
The minimum bid lot size is 20 shares, requiring an investment of Rs 13,900 at the lower price band and Rs 14,600 at the upper price band.
The company will invite bids from large institutions via the anchor round on Oct. 28.
The allotment of shares to IPO investors will be done tentatively on Nov. 3. Orkla India will list on the BSE and NSE on Nov. 6.
SME Offers On D-Street
On the SME front, Jayesh Logistics Ltd., Game Changers Texfab Ltd., and Safecure Services Ltd. are set to open for bidding in the week ahead.
Jayesh Logistics IPO opens for subscription on Oct 27 and closes on Oct 29. The allotment for the Jayesh Logistics IPO is expected to be finalised on Oct 30, 2025. Jayesh Logistics IPO will list on NSE SME with a tentative listing date fixed as Nov 3, 2025.
The Game Changers Texfab IPO opens for bidding on Oct 28 and closes on Oct 30, while Safecure IPO will begin on Oct 29 and end on Oct 31.
Orkla India IPO Details
The company has offered to sell 2.28 crore shares worth up to Rs 1,667 crore via an offer for sale. Promoter Orkla Asia Pacific, along with public shareholder Navas Meeran and Feroz Meeran, will participate in the OFS.
Currently, Orkla Asia Pacific Pte owns 90% stake in the company, while Navas Meeran and Feroz Meeran hold 5% each.
Since it is an OFS, the company will not receive any proceeds from the IPO, and the entire amount of money will go to the selling shareholders.
Investment Opportunity
The Orkla India IPO presents an investment opportunity for Indian investors to participate in the growth story of a well-established company. With a strong brand presence and a diverse product portfolio, Orkla India is well-positioned to capitalize on the growing demand for food products in India.
However, as with any investment, it is essential to carefully evaluate the pros and cons of the IPO and consider factors such as the company’s financial performance, industry trends, and competitive landscape before making an investment decision.
Conclusion
In conclusion, the Orkla India IPO is an exciting opportunity for Indian investors to invest in a well-established company with a strong brand presence. With a growing demand for food products in India, Orkla India is well-positioned to capitalize on this trend and deliver strong financial performance in the future.
As the Indian stock market continues to evolve, it is essential for investors to stay informed about the latest developments and trends in the market. By doing so, they can make informed investment decisions and capitalize on the growth opportunities available in the market.