MTR Foods parent Orkla India rises 2.75% in trading debut

Orkla India

06/11/2025 04:45

** Orkla India ORKL.NS, parent of Indian ready-to-eat brand MTR Foods, rises 2.75% to 750.1 rupees in trading debut

** Stock opened at 750.1 rupees on NSE vs issue price of 730 rupees, valuing co at 102.76 bln rupees ($1.17 bln) as of 10:05 a.m. IST vs $1.14 bln sought-out valuation

** IPO of Indian unit of Norwegian consumer goods group Orkla ORK.OL pure offer for sale; subscribed 48.73x, garnering bids worth 569.15 bln rupees at the upper end of price band of 695-730 rupees

** Anchor investors bought shares worth ~5 billion rupees

** Broader markets rise on strong quarterly results of three blue-chip cos, four local firms entering key MSCI index .BO

($1 = 87.8950 Indian rupees)

 (Reporting by Manvi Pant)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))