Orkla India: FMCG major brings Rs 1,667 crore IPO
The highlight of the week is the Rs 1,668 crore IPO of Orkla India, the Indian arm of Norwegian food and consumer goods giant Orkla ASA, known for household brands like MTR Foods, Eastern Condiments, and Rasoi Magic. The pure offer-for-sale (OFS) issue opens on October 29 and closes on October 31 with a price band of Rs 695–730 per share.
ICICI Securities is the book-running lead manager, and shares will list on both BSE and NSE.
The company has a strong presence in the Indian packaged foods and condiments segment, and its IPO is expected to test investor sentiment toward consumer staples after a series of tech and industrial offerings in recent months. The grey market premium (GMP) for Orkla India currently hovers around 8–10%, indicating mild listing optimism.
Game Changers Texfab: Textile SME eyes Rs 55 crore
Textile manufacturer Game Changers Texfab will open its Rs 54.84 crore SME IPO on October 28, closing on October 30. The price band is set between Rs 96 and Rs 102 per share, and the issue will list on BSE SME.Backed by Corpwis Advisors, the company is engaged in fabric trading and processing with an established base in Gujarat. The IPO proceeds will be used for working capital requirements and capital expenditure.
Jayesh Logistics: Expanding logistics play
Logistics services provider Jayesh Logistics will open its Rs 28.63 crore IPO on October 27 and close on October 29, with a price band of Rs 116–122 per share. The company’s shares will list on the NSE SME platform, and Indcap Advisors is the lead manager.
Jayesh Logistics provides transport, warehousing, and supply chain management services to industrial clients across India. The funds raised will be used for working capital and general corporate purposes.
Market outlook: Momentum building again
Analysts say the week’s offerings could mark the revival of IPO activity after a brief lull post the Midwest listing.
Eyewear market leader Lenskart is likely to announce its IPO in the next few days.
Veeda Clinical Research, Casagrand Premier Builder, ICICI Pru AMC, Clean Max Enviro, Fujiyama Power Systems, Pranav Construction, Innovision Ltd, KSH International are some of the other companies targeting November listing.
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