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Orkla India IPO GMP Today: The initial public offering (IPO) of Orkla India, which owns spices and condiments brands MTR and Eastern, opened today, Wednesday, October 29. The Rs 1,667.5-crore mainboard IPO will remain open for three days till October 31. The price band has been fixed at Rs 695 to Rs 730 per share.

On the first day of bidding on Wednesday, the IPO received a 0.79x subscription, garnering bids for 1,25,95,680 shares as against the 1,59,99,104 shares on offer. Its retail category has received a 0.90x subscription, while the NII (non-institutional investor) quota has received a 1.53x subscription. The QIB category received a 0.02x subscription.

On Tuesday, the company raised around Rs 500 crore from anchor investors, a day before its maiden public o

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