The initial public offering (IPO) of Orkla India is set to open on Wednesday, October 29. The MTR-Foods parent is selling its shares in the range of Rs 695-730 apiece. Investors can apply for a minimum of 20 equity shares and its multiples thereafter and the issue will close for bidding on Friday, October 31. Advertisement

Orkla India is looking to raise a total of Rs 1,667.54 crore via IPO, which is entirely an offer-for-sale (OFS) of up to 2,28,43,004 equity shares by its promoter and existing shareholders. It means that the company will not receive any proceeds from the issue. Last heard, Orkla India was commanding a grey market premium of Rs 75-80 apiece, suggesting 11 per cent upside for investors.

Incorporated in 1996, Bengaluru-based Orkla India is an Indian food company, offerin

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