Daijiworld Media Network - Mumbai

Mumbai, Nov 6: Shares of Orkla India Limited made a modest debut on the stock exchanges on Wednesday, opening at Rs 751.50 on the BSE — a 3% premium over its issue price of Rs 730. On the NSE, the stock listed at Rs 750.10 per share, marking a similar gain.

The IPO, which saw robust investor interest, had its allotment finalised on November 3. Market watchers are now closely tracking the stock’s post-listing performance amid strong sentiment for consumer-focused companies.

The Rs 1,667.54 crore public issue was open for subscription from October 29 to 31 and was oversubscribed 48.73 times. The issue received bids for over 77.9 crore shares against the 1.59 crore shares available, reflecting healthy demand across investor categories.

Priced in the rang

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