Ahmedabad: Orkla India Limited (formerly known as MTR Foods Private Limited) will open the bid/offer for its initial public offering (IPO) of equity shares on Wednesday, October 29, 2025. The bid/offer will close on Friday, October 31, 2025, the company announced today.

According to the company, “The Anchor Investor Bidding Date shall be Tuesday, October 28, 2025. Bids can be made for a minimum of 20 equity shares and in multiples of 20 equity shares thereafter. The price band has been fixed at ₹695 to ₹730 per equity share. The offer comprises an offer for sale of up to 22,843,004 equity shares.

“The offer for sale comprises up to 20,560,768 equity shares by Orkla Asia Pacific Pte. Ltd.; up to 1,141,118 equity shares by Navas Meeran; and up to 1,141,118 equity shares by Feroz Meeran. A discount of ₹69 per equity share is being offered to eligible employees bidding in the Employee Reservation Portion,” the press release said.

The equity shares offered through the Red Herring Prospectus (RHP) of the company dated October 23, 2025, filed with the Registrar of Companies, Karnataka, at Bengaluru, are proposed to be listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) (together referred to as the “Stock Exchanges”). For the purposes of the offer, BSE is the designated stock exchange.

ICICI Securities Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers to the offer, the statement further said.