Major Breaking Stories (October 29, 2025) : #businessstandard

Orkla India, a leading Indian food company with brands like MTR Foods and Eastern Condiments, has opened its initial public offering (IPO) today, October 29, 2025. The offering comprises ₹1,667.54 crore in an entirely offer-for-sale (OFS) structure. The company raised ₹499.6 crore from 30 institutional investors via an anchor round on October 28, with prominent participants including Nippon Life India, Aditya Birla Sun Life AMC, and Government Pension Fund Global. The grey market premium (GMP) as of October 28 was ₹106 per share, implying an estimated listing price of around ₹836 against the upper price band of ₹730. Orkla India is positioned in India's packaged food market valued at ₹10,180 billion in FY2024, growing at 10.8% CAGR since FY2019.