Orkla India Ipo: Mtr & Eastern Owner Files Draft Papers With Sebi

Orkla India, known for its celebrated brands MTR and Eastern, has revenge preliminary papers pinch nan Securities and Exchange Board of India (Sebi) for an first nationalist offering (IPO). This IPO is system arsenic a complete connection for waste (OFS) of 2.28 crore equity shares, arsenic per nan draught reddish herring prospectus (DRHP).

The shares to beryllium sold successful nan projected first stock waste are held by nan promoter Orkla Asia Pacific Pte, on pinch shareholders Navas Meeran and Feroz Meeran.

The existent shareholding sees Orkla Asia Pacific Pte Ltd and Orkla ASA owning a mixed 90 per cent stake successful nan company, while nan remaining 10 per cent is divided arsenic betwixt Navas Meeran and Feroz Meeran.

Since nan IPO is an OFS, nan institution itself will not clasp immoderate proceeds from nan sale; instead, nan revenues will beryllium directed to nan trading shareholders.

Orkla India, antecedently known arsenic MTR Foods, is based successful Bengaluru and operates arsenic a multi-category nutrient company. It specialises successful manufacturing a assortment of products including spices, masalas, ready-to-eat sweets, and meal mixes nether well-known brands specified arsenic MTR, Rasoi Magic and Eastern.

The company's superior attraction remains connected spices and convenience foods, which person been halfway to its personality and marketplace offerings.

Earlier this year, successful March, Orkla India undertook a committee restructuring inaugural by appointing 4 independent directors. By enhancing its committee pinch independent oversight, Orkla India intends to fortify its governance framework, perchance expanding investor assurance up of nan IPO.

With its beardown merchandise lineup and established marque presence, Orkla India is poised to pull attraction from investors keen connected exploring opportunities successful nan Indian nutrient sector.

ICICI Securities, Citigroup Global Markets India, JP Morgan India and Kotak Mahindra Capital Company are nan book-running lead managers to nan issue.

Published on: Jun 11, 2025 6:16 PM IST