Orkla India IPO allotment expected on November 3: Here’s how to check status on NSE, BSE and KFintech

Orkla India Ltd. is scheduled to finalise the share allotment status for its initial public offering (IPO) on Monday, November 3, after witnessing a strong demand from investors.

The ₹1,667.54-crore Orkla

IPO witnessed an overall subscription of 48.74 times, attracting bids for nearly 78 crore shares, against 1.6 crore shares on offer.

The mainboard IPO was open for subscriptions from October 29 to October 31.

In the retail category, the IPO was booked 7 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 54.42 times. The Qualified Institutional Buyers booked their quota 117.63 times. The company’s Employees segment was booked more than 15 times.

Orkla India IPO comprised entirely an offer-for-sale (OFS) of 2.28 crore shares. The lot size for the issue was fixed at 20 shares. The price band of the issue was set at ₹695-₹730 per share.

As the IPO is an entirely OFS, the company will not receive any funds from the public offer. The IPO proceeds will be distributed among existing shareholders— Orkla ASA, Orkla Asia Holdings AS, and Orkla Asia Pacific Pte Ltd— who are partially offloading their stakes.

Investors who participated in the IPO bidding will be able to check the share allotment status online through the BSE, NSE and the official website of the issue registrar, Kfin Technologies Ltd.

Steps to check Orkla India IPO share allotment status on the BSE

Open the BSE IPO allotment page at: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

Choose 'Equity' as the issue type and select Orkla India as the issue name from the dropdown list.
Enter your application number or PAN.
Click on search to view your share allotment status.
Steps to check Orkla India IPO allotment on Kfin Technologies

Go to the link: https://ris.kfintech.com/ipostatus/
Choose Orkla India from the dropdown menu for company names.
Enter PAN and Application Number or DP/Client ID or Account Number/IFSC to view your allotment status
Provide the required details
Click on 'Submit' for allotment status
Investors can also check the IPO allotment status on NSE by using their PAN and Application Number.

Shares of Orkla India are likely to be credited to the Demat accounts of successful bidders on Tuesday, November 4. Refunds for the non-allottees will also be processed on the same day.

The company's shares are expected to be listed on the NSE and BSE on Thursday, November 6.

Orkla ASA, a Norwegian multinational, entered India in 2007 with the acquisition of MTR Foods and later expanded through acquisitions such as Eastern Condiments, a heritage spice brand in Kerala, in 2021. Orkla India has emerged as a top player in the branded food segment, especially in the spices segment.