MTR Foods parent Orkla’s Rs 1,667 Cr IPO (100% OFS) hits bourses October 29, with GMP at Rs 35 (5%). Amid Rs 69,235 Cr Sept inflows, it’s FMCG’s growth story.
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IPO Buzz: Pricing and Proceeds Band:
Rs 695-730; lot 20 shares. Promoters exit; no fresh capital. Vs HUL’s 40x PE, Orkla at 35x appealing.
X: #OrklaIPO 11K mentions, analyst: “MTR’s 20% CAGR shines.”
FMCG Tailwinds
Colgate Q2 down 17%, but Orkla up 12% revenue. Thematic funds +30%.
Investment Case
15% upside per Deven Choksey; risks: Competition.
Post-List Plays
Grey market premium signals strong debut.
FMCG’s IPO star rises.
Highlights (Key Takeaways)
- GMP Glow: 5% premium; Rs 695-730 band for 20-lot, eyeing 15% pop.
- Growth Gear: 20% CAGR vs Colgate’s dip; Rs 69K Cr inflows fuel.
- Peer Edge: 35x PE < HUL’s 40x; thematic bet for Samvat 2082.
Also Read RBI Eases Risk Weights on Loans to Boost MSME Credit Flow
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