Orkla India’s Rs 1,667 crore IPO is set to list on November 6. The issue saw a blockbuster subscription of 48.7 times, driven by strong institutional demand. Grey market indicators suggest a 10% premium over the issue price. Investors are drawn to Orkla India’s strong brands like MTR and Eastern Condiments, market leadership, and robust financial performance.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets