Orkla India IPO, Oct. 31 -- The Rs.1,667 crore initial public offering (IPO) of owns spices and condiments brands MTR and Eastern, Orkla India, closed for bidding on Friday amid strong demand from all categories of investors.

Orkla India IPO also enjoyed a decent grey market premium (GMP) that helped boost the issue's appeal for retail investors.

As of the final day of bidding, Orkla India IPO garnered bids for 77,96,28,300 shares, as against 1,59,99,104 shares on offer, translating into 48.73 times bids.

The qualified institutional buyers' (QIB) quota was booked the most at 117.63 times. The non-institutional investor (NII) portion received 54.42 times bids, and the retail part closed with 7.05 times subscription. Meanwhile, the emplo...