Orkla India, the packaged food player formerly known as MTR Foods, has filed for an IPO with SEBI via a full Offer For Sale (OFS).
The company itself will not receive any proceeds as all funds will go to the selling shareholders.
Zoom out: packaged foods are big businesses and growing fast. Currently, 65-70% of demand comes from urban India, but rural markets are gaining ground, thanks to rising incomes, better infrastructure, and wider media reach.
Brands, including Orkla, are ramping up distribution and availability in rural areas to tap this next big wave of demand.
