Orkla India IPO
Orkla India Limited (ORKLAINDIA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 November 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +29.7% (likely range +7% to +70%), day's high +34.0%, chance of a gain 95%. Actual: +2.8% at the open, +4.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 45,62,601 | 53,67,11,380 | 118x | |
| NII (HNI) total | 34,21,951 | 18,62,20,760 | 54.4x | |
| Big NII (above ₹10 lakh) | 22,81,301 | 14,92,17,480 | 65.4x | |
| Small NII (₹2-10 lakh) | 11,40,650 | 3,70,03,280 | 32.4x | |
| Retail | 79,84,552 | 5,62,76,360 | 7.05x | |
| Employees | 30,000 | 4,53,840 | 15.1x | |
| Total | 1,59,99,104 | 77,96,62,340 | 48.7x |
Bids on NSE and BSE together, as published by NSE, as of 31 Oct 2025, 07:00 PM. Shares offered exclude the anchor portion. 6% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Orkla India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Vikram SolarAug 2025 | 143x | 50.9x | 7.65x | 54.6x | ₹2,137 Cr | +1.8% | +14.9% |
| MedPlus Health ServicesDec 2021 | 112x | 85.3x | 5.23x | 52.6x | ₹1,428 Cr | +30.6% | +43.7% |
| Belrise IndustriesMay 2025 | 108x | 38.3x | 4.27x | 41.3x | ₹2,276 Cr | +11.1% | +13.8% |
| ASK AutomotiveNov 2023 | 142x | 35.5x | 5.70x | 51.1x | ₹834 Cr | +7.5% | +12.3% |
| CRIZAC LIMITEDJul 2025 | 134x | 76.2x | 10.2x | 59.8x | ₹904 Cr | +14.7% | +26.2% |
| Emcure PharmaceuticalsJul 2024 | 196x | 48.3x | 7.21x | 67.9x | ₹1,950 Cr | +31.4% | +37.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the Orkla India IPO price band and lot size? ₹695–730 per share, with a lot of 20 shares, so the smallest retail bid is ₹14,600.
How many times has it been subscribed? 48.7x overall: QIB 118x, NII 54.4x, retail 7.05x, employees 15.1x.
How did it list? It opened at ₹750, +2.8% against the issue price of ₹730, and closed its first day -2.2%.
