The offering will see the sale of 2.28 crore equity shares by promoter Orkla Asia Pacific Pte and shareholders Navas Meeran and Feroz Meeran, at a face value of Rs 1 each. The company had filed its draft red herring prospectus (DRHP) in June.

With a portfolio of over 400 products, Orkla India operates across two key categories — spices, which contribute 66.6% of revenue, and convenience foods, including ready-to-cook and ready-to-eat products, accounting for 33.4%.

According to Technopak Advisors, India’s packaged foods market was valued at Rs 10.18 lakh crore in FY24, growing at a CAGR of 10.8% since FY19, driven by rising incomes, urbanisation, and shifting consumer lifestyles. Unlike seasonal categories, packaged food demand is steady year-round, the DRHP noted.

Orkla India is also eyeing global expansion, targeting high-potential markets such as Australia, New Zealand, Singapore, Malaysia, and the UK — collectively home to 6.7 million overseas Indians as of December 2024.

For FY25, the company reported revenue of Rs 2,395 crore with a CAGR of 9.2% between FY22 and FY25, and a profit after tax of Rs 255.7 crore.

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

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