UPDATE 2-Orior IPO price range set at 42 to 52 Sfr

* Orior seen issuing 1.54 mln to 1.90 mln new shares

* Free float to be around 58 pct

* Shares to debut on April 22

(Adds confirmation of price range, date, CEO quotes, details)

ZURICH, April 12 (Reuters) - Swiss food company Orior could see its shares fetching up to 52 Swiss francs each when the group makes its debut on the Swiss bourse on April 22, the first initial public offering in Switzerland in over six months.

Orior said on Monday the price range for the group, which is seeking 80 million Swiss francs ($74.7 million) through the IPO, was seen at between 42 francs and 52 francs, confirming an earlier Reuters report.

The group is seen issuing between 1.54 million and 1.90 million new shares, excluding a "greenshoe" option, and is likely to have a free float of around 58 percent.

"We felt the time was right for Orior to become independent as a broad-based public company," Chairman Rolf Friedli told a press conference.

"This was a long-term project," he said, adding it was not linked to any specific developments.

Orior, which makes convenience food products as well as salami and ham, had revenue of 501 million francs in 2009 and earnings before interest, tax, depreciation and amortisation (EBITDA) of 52 million.

Friedli said Orior wanted to pursue "a shareholder-friendly dividend policy with a payout ratio of at least 40 percent of earnings."

Credit Suisse (CSGN.VX) is coordinator and bookrunner to the listing. Zuercher Kantonalbank [ZKB.UL] and Vontobel (VONN.S), are co-lead managers.

The last company to list in Switzerland was pharma group Mondobiotech (RARE.S) last August.

U.S. offshore driller Transocean Ltd (RIG.N) will make its debut on the SIX Swiss Exchange on April 20, adding to its listing on the New York Stock Exchange, the group said on Monday. [ID:nLDE63B04S] ($1=1.071 Swiss Franc) (Reporting by Rupert Pretterklieber and Andrew Thompson; Writing by Katie Reid and Lisa Jucca; Editing by David Holmes and Simon Jessop)