Orkla India, a Bengaluru-based food products company, has finalised the basis of allotment for its initial public offering (IPO) and Investors, who applied for the issue, have received notifications regarding the debit of their funds or revocation of their IPO mandates by today, that is Tuesday, 4 November.

The IPO, which attracted significant attention from the market, was conducted over a three-day span from 29 to 31 October. The Orkla India IPO offered shares within a price band of Rs 695-730 per share and had a lot size of 20 shares. The total issue size stood at Rs 1,667.52 crore, structured entirely as an offer-for-sale (OFS) comprising 2,28,43,004 equity shares. Advertisement

The share allocation process, handled by Kfin Technologies, will be followed by the initiation of refunds

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