Orkla India IPO Listing: Orkla India Ltd, which owns spices and condiments brands MTR and Eastern, on Thursday made a muted market debut with its shares being listed at a premium of nearly 2.75 per cent. On the NSE, the stock is listed at Rs 750 apiece, as compared with the IPO issue price of Rs 730 apiece. Later, the shares declined into the red to trade nearly 1% lower than the issue price at Rs 722, as of 10:16 am.

On the BSE, the shares of Orkla India are listed at Rs 751.5, which is 2.95 per cent above the issue price. Later, the stock faced selling pressure.

The IPO was open between October 29 and October 31. It received a 48.74x subscription, garnering bids for 77,97,67,200 shares as against the 1,59,99,104 shares on offer. Its retail category has received a 7.06x subscription, w

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