Orkla India Ltd., the parent company of packaged foods maker MTR Foods, is gearing up for its stock market debut, with its initial public offering (IPO) opening for public subscription on Wednesday, October 29.

In the grey market, Orkla India's shares are currently trading at a premium of around 13% over the issue price of ₹730 per share, showing decent investor interest ahead of the IPO launch.

However, market experts caution that grey market premiums merely indicate early sentiment in the unlisted market and tend to fluctuate rapidly.

The IPO, which will remain open until October 31, has a price band of ₹695-₹730 per share. Investors can bid for a minimum of one lot comprising 20 shares (₹14,600 minimum investment at the upper band) and in multiples of 20 shares thereafter.

The ent

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