Gemini Edibles & Fats files draft papers for IPO
The initial public offering (IPO) is entirely an offer-for-sale of up to 4.11 crore equity shares by promoters and investors
Gemini Edibles & Fats India Limited (GEF) has submitted its draft registration (DRHP) for a potential Initial Public Offering (IPO) to SEBI. The company, based in Hyderabad, operates in the edible oils and specialty fats sector, trading, processing, manufacturing, and marketing various products. GEF also plans to expand into the spice and convenience food markets, with popular consumer brands such as Freedom, Be-Rite, and First Klass.
In the financial year 2026 (FY26), GEF generated revenue of ₹12,650 crore, with an EBITDA of about ₹794 crore. The company boasts a significant distribution network, consisting of over 1,600 distributors, 300,000 retail outlets, and more than 60 warehouses/stock points across major markets.
GEF's branded revenue experienced a compound annual growth rate (CAGR) of 20.5 percent between FY20 and FY25, outpacing the overall branded edible oil market's 10 percent growth rate during the same period. The company's draft IPO consists of an Offer for Sale (OFS) of up to 41.15 million equity shares held by existing shareholders.
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