The Russia-controlled part of Ukraine’s Zaporizhzhia region was experiencing emergency power blackouts on Friday (May 22, 2026), Russia-installed Governor Yevgeny Balitsky was quoted as saying by the Kommersant newspaper. However, critical infrastructure was working as usual, he said
As I ring the doorbell of Maggie O'Farrell's Edinburgh home, I wonder with some trepidation whether the acclaimed novelist might have become a bit starry after the whirlwind few months she's just had. She's been jet-setting between the UK and the US
Election Commission announces Rajya Sabha polls for 24 seats on June 18The EC also announced bypolls for one seat each for the council of states from Maharashtra and Tamil Nadu. Published on: May 22, 2026 11:20 AM IST PTI Share via Copy link The Election Commission on Friday announced polls for 24
What is Oggy Janata Party? 5 things to know about group questioning Cockroach Janta PartyThe Oggy Janata Party issued a six-point manifesto outlining its commitment to animal welfare. Published on: May 22, 2026 9:45 AM IST By Trisha Sengupta Share via Copy link In a hilarious twist that perfectly
India heatwave: How temperatures above 40°C attack the human body; take these steps to protect yourself and your familyTo combat extreme heat, WHO recommends protocols including maintaining cool living spaces, staying hydrated, and avoiding outdoor activities during peak heat. Published on: May 22
, the parent of Ixigo, saw its operating revenue increase 8.5% year on year to Rs 308 crore for the quarter ended March.The company posted a profit after tax of Rs 32 crore, up 91% year on year. Ixigo attributed the growth to its multi-modal diversification strategy
Doctor reveals how one simple test uncovered the cause behind a 77-year-old man’s sleepless legsDoctor shares how a routine test ended a 10-year mystery behind a 77-year-old man’s sleepless legs. Published on: May 22, 2026 11:17 AM IST By Anukriti Srivastava Share via Copy link In an X post
Meta reaches out to ex-employee for interview the same week it laid off 8,000 workers: ‘We will cut you at any moment’The now-founder shared he used to work at Meta years earlier and resigned from the company in 2018. Published on: May 22, 2026 8:11 AM IST By Trisha Sengupta Share via Copy link
Orkla India IPO Lists At Muted 2.75% Premium: Should You Buy, Sell Or Hold?
Orkla India IPO Lists At Muted 2.75% Premium: Should You Buy, Sell Or Hold?
Orkla India IPO Listing: Orkla India Ltd, which owns spices and condiments brands MTR and Eastern, on Thursday made a muted market debut with its shares being listed at a premium of nearly 2.75 per cent. On the NSE, the stock is listed at Rs 750 apiece, as compared with the IPO issue price of Rs 730 apiece. Later, the shares declined into the red to trade nearly 1% lower than the issue price at Rs 722, as of 10:16 am.
On the BSE, the shares of Orkla India are listed at Rs 751.5, which is 2.95 per cent above the issue price. Later, the stock faced selling pressure.
The IPO was open between October 29 and October 31. It received a 48.74x subscription, garnering bids for 77,97,67,200 shares as against the 1,59,99,104 shares on offer. Its retail category has received a 7.06x subscription, while the NII (non-institutional investor) quota has received a 54.42x subscription. The QIB category received a 117.63x subscription.
Orkla India Stock Listing: Should You Buy?
Brokerages hold mixed views on the Orkla India IPO. According to SBI Securities, the company is virtually debt-free, maintains healthy return ratios and margins, and consistently generates stable cash flows of Rs 300-400 crore annually. Its flagship brands, MTR and Eastern, command a strong presence in Karnataka and Kerala.
Over the past three years, Orkla has reported a CAGR of 5% in sales, 12.9% in EBITDA, and 22.9% in PBT. However, its adjusted profit after tax (PAT) fell from Rs 338 crore in FY23 to Rs 289 crore in FY25, primarily due to a one-time tax reversal in FY23.
SBI Securities noted that at the upper end of the price band of Rs 730 per share, the IPO is valued at 34.6 times its FY25 earnings on a post-issue basis. The brokerage believes the issue appears fairly valued considering the company's growth record and has assigned it a ‘Neutral' rating, preferring to monitor its performance post-listing.
In contrast, Arihant Capital has given a ‘Subscribe for long term' recommendation, citing Orkla India's capital-efficient and debt-free business model that ensures steady cash flow generation and robust margins. It values the company at a P/E of 31.68 times FY25 earnings, reflecting its leadership in key categories, strong profitability, and long-term growth potential.
For FY25, Orkla India posted revenue of Rs 2,394.7 crore, adjusted EBITDA of Rs 396.4 crore (margin of 16.6%), and PAT of Rs 255.7 crore (margin of 10.7%). Arihant Capital highlighted that the company's return ratios remain among the best in the sector, with ROCE (return on capital employed) at 32.7%, significantly outperforming its peers.
Orkla India, formerly known as MTR Foods, is a multi-category Indian food company. It manufactures products as spices and masalas, ready-to-eat, sweets and breakfast mixes, under prominent brands such as MTR, Rasoi Magic, and Eastern.
Swipe Left For Next Video
The company sells its products under the brands MTR and Eastern.
Orkla India will make its debut on the stock exchanges on November 6.
Source: News18
Related Posts: Orkla India IPO Listing Today SIS Ltd eyes Rs 20 MRF Ltd to invest Rs 5 Orkla India IPO Opens Today Orkla India IPO Receives 48 Meesho IPO vs Vidya Wires IPO vs Aequs IPO — what GMP signals about these IPOs Vikran Engineering IPO listing tomorrow Anand Rathi Share IPO Listing Price Prediction VMS TMT IPO Listing Today Groww IPO GMP Recovers Slightly Ahead Of Listing
Exclusive | Patralekhaa, Maanvi Gagroo’s Heer Sara Aur Pondicherry release postponed amid CBFC delay over title changeThe new title aims to improve audience connection, while the rebranding has complicated the certification process. May 22, 2026
1 hours ago
East Bengal FC roared back from a goal down to defeat Inter Kashi FC 2-1 and emerged the new Indian Super League champion. The triumph ended the Red and Gold Brigade’s 22-year wait for the country’s premier title. A remarkable counterattack saw Inter Kashi take the lead in the 15th minute
1 hours ago
Actress and filmmaker Pooja Bhatt recently sent her fans into a nostalgic frenzy after she shared a major throwback picture with superstar Aamir Khan from one of their old photoshoots. The vintage pictures were clicked by celebrated photographer Gautam Rajadhyaksha
1 hours ago
An Air France flight bound for Detroit was diverted to Montreal after a passenger from the Congo boarded a flight in Paris “in error” amid flight restrictions tied to the Ebola outbreak, U.S. Customs and Border Protection said. A spokesperson for the agency on Thursday (May 21
1 hours ago
Why has the US indicted former Cuban President Raul Castro?Why has the US indicted former Cuban President Raul Castro? Published on: May 22, 2026 9:31 AM IST PTI Share via Copy link Sydney, After a week of speculation, the US Department of Justice has officially indicted Raul Castro
1 hours ago
The original NEET UG 2026 exam, conducted on May 3, was cancelled following the paper leak controversy that triggered nationwide outrage and a CBI investigation. The National Testing Agency (NTA) will now conduct the NEET UG 2026 re-examination on June 21 in offline pen-and-paper mode
1 hours ago
The Union home ministry has decided to continue deploying 500 companies of Central Armed Police Forces in West Bengal till June 20 at the request of the state government, PTI reported. A company of the Central Armed Police Forces has about 100 to 150 personnel
1 hours ago
The Central Board of Secondary Education (CBSE) has extended the deadline for students applying for scanned copies of Class 12 answer sheets after many reported technical issues on the official portal. Along with portal glitches and payment-related complaints
1 hours ago
Can Logitech MX Keys Mini and MX Master 4 for Mac supplant Apple’s Magic bundle?The answer is mostly a resounding affirmative, with configurability as well as rock solid architecture lending foundation for what is certainly lavish pricing. Published on: May 22
1 hours ago
‘A publicly listed Tata Sons would inevitably be accountable to institutional and foreign shareholders, whose primary focus would be financial returns,’ writes N A Soonawala. As regulatory pressure mounts on Tata Sons to go public, its former vice-chairman N A Soonawala has strongly argued
4 hours ago
‘Water shortage, lift issues’: Bengaluru resident lists 17 ‘nightmares’ faced within 1 year of flat ownershipThe homeowner, among other issues, alleged that they faced problems with the water supply, the lift, and power cuts. Published on: May 22
4 hours ago
WASHINGTON — President Donald Trump called off a signing ceremony Thursday for a new order on artificial intelligence because he worried it could dull America’s edge on AI technology. Trump said he was postponing the signing because he did not like what he saw in the order’s text
4 hours ago
Southampton's spying on rival clubs was authorised by head coach Tonda Eckert and was a "contrived and determined plan from the top down", an independent disciplinary commission ruled. The commission also said it was "deplorable" of the club to have used junior staff members to "conduct the
4 hours ago
What next after a fantastic finish?The time to start planning for next ISL season is now and yet, uncertainty is the only certainty in the top league Published on: May 22, 2026 8:00 AM IST By Dhiman Sarkar Share via Copy link One day before the 2024-25 Indian Super League (ISL) ended
4 hours ago
Bengaluru founder shares video of electric pole bursting during heavy rain in Indiranagar: 'Electric wires go brrrr'Fresh evening showers lashed several parts of Bengaluru on Thursday. Updated on: May 21, 2026 10:53 PM IST By Bhavya Sukheja Share via Copy link A Bengaluru founder’s video showing
4 hours ago
Manipur police chief appointed security secretary at CentreThe Centre appoints Manipur police chief Rajiv Singh as Secretary (Security), overseeing VIP protection amid ongoing ethnic clashes in the state. Published on: May 22, 2026 7:14 AM IST By HT Correspondent Share via Copy link The Centre on
4 hours ago
India’s peak power demand hit a record high for the fourth consecutive day on Thursday amid a heatwave in several regions of the country, the Ministry of Power said. The ministry said that at 3.45 pm on Thursday, an energy demand of 270.8 gigawatts was recorded
4 hours ago
The X account of satirical political campaign Cockroach Janta Party was blocked in India “in response to a legal demand”. The social media campaign, which began on Saturday in response to comments made by Chief Justice Surya Kant, describes itself as a “political front of the youth
4 hours ago
The new Bharatiya Janata Party government in West Bengal announced on Monday that it would scrap the state’s list of Other Backward Classes and reduce the OBC reservations of jobs in educational institutions and government jobs from 17% to 7%
4 hours ago
BRUSSELS, May 21 (Reuters) - Alphabet's Google, Meta Platforms and TikTok were hit with complaints from European Union consumer groups on Thursday for allegedly failing to protect users from financial scams on their platforms, putting them at risk of regulatory fines.By Foo Yun CheeBRUSSELS
4 hours ago
Lupita Nyong’o reacts to backlash over playing Helen of Troy in Christopher Nolan’s The Odyssey: ‘Criticism will exist’In Christopher Nolan’s adaptation of Homer's ancient Greek epic, Lupita Nyong’o is set to portray Helen of Troy. May 22, 2026
4 hours ago
Indian rupee rebounds 61 paise to 96.25 after record low 96.95, as Donald Trump signals Iran talks near deal, crude prices ease but remain high, pressuring India forex reserves Indian rupee recovered 61 paise on Thursday to open at 96.25 against the US dollar. On Wednesday
4 hours ago
Don't take Bangladeshi infiltrators to courts, send them to BSF instead: Suvendu to Bengal policeAdhikari also said that a weekly report on the number of such detainees would have to be submitted to the Chief Minister's Office through the DGP. Updated on: May 22
4 hours ago
A US tarot reader predicts what Gemini Season 2026 could bring for each zodiac signAccording to US tarot reader, each zodiac sign has its own message to work with during this Gemini season. Published on: May 21, 2026 10:30 PM IST By Soumi Pyne Share via Copy link The Gemini season comes with fresh
4 hours ago
Hit Netflix show Emily in Paris is to end after its sixth season. The streaming giant announced on Thursday the next season of the romance comedy-drama starring Lily Collins will be its last. "Thank you for letting us be a part of your lives, inspiring your dreams of travel and your love of Paris
4 hours ago
Love Horoscope Today for May 22, 2026: An old face may return with a message your heart wasn't expectingLove Horoscope Today: Find daily astrological predictions for all sun signs. Published on: May 22, 2026 7:31 AM IST By Kishori Sud Share via Copy link Aries Old emotions may quietly return today
4 hours ago
Whistler's Mother is one of the world's most recognisable artworks. Like a viral meme it has been reproduced endlessly, including a Donald Duck cartoon, a Simpsons episode, and Nabokov's Lolita. How and why did it become so famous? Whistler's Mother
4 hours ago
