New Delhi, Oct. 30 -- Orkla India IPO subscription status was at 79% on the first day. The retail segment saw a subscription rate of 90%, while the Non-Institutional Investors (NII) portion was booked 1.53 times, and the Qualified Institutional Buyers (QIBs) portion received only 2% of bids. The employee allocation was oversubscribed by 3.27 times. Orkla IPO GMP today is Rs.68.

The initial public offering (IPO) for Orkla India, which is known for its MTR and Eastern brands of spices and condiments, is set to open for public subscription on October 29 and will close on October 31. Orkla India IPO price band has been established at Rs.695 to Rs.730 per share, targeting a valuation of around Rs.10,000 crore at the upper limit of this range....