Orkla India Plots Global Growth Ahead of IPO.

Orkla India, formerly known as MTR Foods, is charting an ambitious course for international expansion as it prepares for its initial public offering (IPO). The company plans a phased entry strategy into high-potential markets like Australia, New Zealand, Singapore, and Malaysia, regions characterized by significant Indian diaspora populations.

According to its Draft Red Herring Prospectus (DRHP), this methodical growth strategy aims to capitalize on these countries, which, alongside the UK, were home to approximately 6.7 million overseas Indians as of December 31, 2024, as reported by Technopak.

The upcoming IPO will consist of 22,843,004 equity shares with a face value of ₹1 each, offered entirely by the promoters. Promoter group members, Navas Meeran and Feroz Meeran, each holding a 5 percent stake in the company, are set to offload 1,141,118 equity shares apiece as part of the issue.

This international push signals Orkla India's intent to broaden its market reach and leverage the strong demand for Indian food products among the diaspora communities worldwide.