New Delhi, June 11 -- Orkla India, the parent company of food brands like MTR Foods and Eastern Condiments, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO), which will consist solely of an offer-for-sale (OFS) of 22.8 million shares by the promoter entity, Orkla Asia Pacific Pte and other shareholders, Navas Meeran and Feroz Meeran.

This means that the IPO will not raise any fresh capital for Orkla India and all proceeds from the share sale will go only to the selling shareholders. While the company has not officially disclosed the issue size, a person with direct knowledge of the matter said it could be in the range of Rs.3,200-3,500 crore. Ork...