Orkla India, which offers spices and convenience foods under the brands MTR Foods, Eastern Condiments, and Rasoi Magic, has raised Rs 499.6 crore from 30 institutional investors via anchor book on October 28, a day before the IPO opening for public.

The company is raising Rs 1,667.54 crore via initial public offering (IPO) which comprises of entirely offer-for-sale of 2.28 crore equity shares by promoter Orkla Asia Pacific, and other selling shareholders Navas Meeran, and Feroz Meeran.

The price band for the offer, which will open for subscription during October 29-31, has been fixed at Rs 695-730 per share.

Orkla India has finalised allocation of 68,43,900 equity shares to anchor investors at the upper price band.

Institutional investors that participated in the anchor book were Nipp

See Full Page