Try GOLD - Free
MTR Foods owner Orkla files draft papers for IPO
Mint Mumbai
|June 12, 2025
The IPO will consist solely of an offer-for-sale of 22.8 mn shares by promoter entity, others
Orkla India, the parent company of food brands like MTR Foods and Eastern Condiments, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO), which will consist solely of an offer-for-sale (OFS) of 22.8 million shares by the promoter entity, Orkla Asia Pacific Pte and other shareholders, Navas Meeran and Feroz Meeran.
This means that the IPO will not raise any fresh capital for Orkla India and all proceeds from the share sale will go only to the selling shareholders.
While the company has not officially disclosed the issue size, a person with direct knowledge of the matter said it could be in the range of ₹3,200-3,500 crore. Orkla India declined to comment on the projected issue size.
Orkla Asia Pacific Pte Ltd and Norwegian industrial investment firm Orkla ASA—collectively hold a 90% stake in the company.
This story is from the June 12, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Why are India's rich finally protesting for a better life?
They stood holding English placards, some of which even had commas.
4 mins
November 17, 2025
Mint Mumbai
Resilience spells hope as uncertainty reigns high
As trade-policy turmoil prolongs global uncertainty on an IMF index, we have some bright spots too. India should consider shifting focus from supply-side policies to demand stirrers
2 mins
November 17, 2025
Mint Mumbai
DO YOU OWN PAPER OR GOLD? THE CRITICAL FINE PRINT ON SGBS
Ow Bertie is quite chuffed that he owns Sovereign Gold Bonds (SGBs).
2 mins
November 17, 2025
Mint Mumbai
NEW WAVE OF TECH IPOs LEAVES RETAIL INVESTORS AT RISK
The Indian stock markets are bracing for another wave of what the fashionable set calls 'digital IPOs'.
3 mins
November 17, 2025
Mint Mumbai
COP30 likely to draft new fossil fuel paper
The document may present a road map for transition to a cleaner mode
1 mins
November 17, 2025
Mint Mumbai
'India shaping development paths'
India has demonstrated that economic growth and social inclusion can advance together and it is helping translate its success stories into global lessons for a more equitable world, a top official of the United Nations Development Programme (UNDP) said.
1 min
November 17, 2025
Mint Mumbai
Satellite internet firms may see fee cut for remote areas
Discount would apply to 5% annual spectrum charge that DoT plans to levy on the firms
2 mins
November 17, 2025
Mint Mumbai
The right to privacy
A stable door being bolted after the horses have fled? This view of India’s privacy law may seem justified, given that rules under the Digital Personal Data Protection Act of 2023 were notified only last week, more than eight years after the Supreme Court deemed privacy a fundamental right under the Indian Constitution.
1 min
November 17, 2025
Mint Mumbai
WHY NITISH KUMAR STILL RULES BIHAR’S CHESSBOARD
It was a bright morning towards the end of 2009. Vapours were visible from our cups filled with hot tea at our hotel. We were sitting with a close confidant of Nitish Kumar. I asked him what was the secret of his leader's success? He replied, “on the chessboard of politics Nitish babu, like a knight, can move two and half paces forward and backward simultaneously. His right hand is unaware of what his left hand is about to do?’
3 mins
November 17, 2025
Mint Mumbai
‘Rise in earnings can bring FIIs back, elevate India’s global standing’
It’s still early, but if earnings turn around, much of the global underperformance over the past year could well be reversed, believes Trideep Bhattacharya, president and C1O-Equities, Edelweiss MF.
4 mins
November 17, 2025
Listen
Translate
Change font size