The initial public offering (IPO) of MTR Foods-parent Orkla India managed to sail through on the second day of the bidding, thanks to the push from from individual investors. The issue, which kicked off on Wednesday, October 29, was subscribed to a little more than half on day one.

Orkla India is offering its shares in the price band of Rs 695-730 apiece. Investors can apply for a minimum of 20 shares and its multiples thereafter. It is looking to raise 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 the promoters and existing shareholders of the company. Advertisement

According to the data, the investors made bids for 2,46,93,620 equity shares, or 1.54 times, compared to the 1,59,99,104 equity shares offered for the subscriptio

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