Kolkata: Orkla India stock made a tepid market debut on Thursday, November 6, lower than what the GMP 9Grey Market Premium) signalled this morning. The shares listed at Rs 751.50 on BSE, which marked a 3% against the issue price of Rs 730. The debut price o the NSE was Rs 750.10 per share. The allotment of the Orkla India IPO was finalised on November 3.

Orkla India business

Orkla India is a subsidiary of Norway-based Orkla ASA. The company owns the brand MTR Foods. It has an entrenched presence in the packaged food segment in the country and offers products in the spice, ready-to-eat meal, breakfast mix and sweets categories. The brands are MTR, Eastern and Rasoi Magic. Apart from strong markets in a few states, Orkla India exports to more than 40 countries.

Orkla India IPO response

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