Orkla India Ltd., the parent company of packaged foods maker MTR Foods, is gearing up for its Dalal Street debut, with its initial public offering (IPO) opening for subscription today (October 29). The issue will remain open until October 31.

The company is raising ₹1,667.54 crore through an offer for sale (OFS) of 2.28 crore shares. The issue aims to provide an exit opportunity and liquidity to existing shareholders, rather than raise fresh capital for the business.

What analysts say

SBI Securities : Neutral

SBI Securities said the IPO appears fairly valued, given the company's historical growth record. The brokerage maintained a 'Neutral' rating and said it would monitor the company's performance post listing.

The firm mentioned that Orkla India ranks among the top four companies

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