The ₹1,667.54-crore initial public offering (IPO) of Orkla India Ltd., the parent company of packaged foods maker MTR Foods, was fully subscribed on the second day of bidding, Thursday, October 30. The issue has been subscribed 1.18 times so far.

The IPO will remain open for subscription until Friday.

Retail investors have subscribed to 1.24 times their allotted quota of 79.84 lakh shares, while Non-Institutional Investors (NIIs) have bid for 2.58 times their 34.21 lakh share allocation.

However, the Qualified Institutional Buyers (QIBs) segment has seen muted participation so far, with just 2% of the shares reserved for them being subscribed.

In the grey market, Orkla India's shares are quoting at a modest premium of ₹68 over the issue price of ₹730 apiece. This implies a potential

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