Orkla India, the country's arm of Norwegian industrial investment conglomerate and parent of MTR Foods, Eastern Condiments and Rasoi Magic, has eyed IPO valuation between ₹9,800 crore and ₹10,500 crore, Moneycontrol reported. The issue, likely to be launched by November, will be a pure offer-for-sale of 2.28 crore equity shares. The shares will be sold by promoter Orkla Asia Pacific.