Gemini Edibles & Fats India Limited Has Filed DRHP of Rs. 2500 crores: Know More!

The IPO festival of India continues with the addition of Gemini Edibles & Fats India Limited to its upcoming list. The edible oil manufacturer has filed DRHP (draft red herring prospect) with the market regulator SEBI to go public with an IPO issue size of Rs. 2500 crores.

This IPO will consist of only OFS, i.e. offer for sale, where existing shareholders will divest their stake in the company, and no new shares will be issued.

Here is a list of investors in Gemini Edible & Fats India Limited who will be a part of this OFS –

1. Pradeep Kumar Chowdhry with equity shares of up to Rs. 25 crores
2. Alka Chowdhry with shares worth Rs. 225 crores
3. Golden Agri International Enterprises PTE Ltd with equity shares of up to Rs. 750 crores
4. Black River Food 2 Pte Ltd with shares worth Rs. 1250 crores
5. Investment and Commercial Enterprise Pte with a stake of Rs. 250 crores

Furthermore,

As per the DRHP, till March, Golden Agri International Enterprises held a 56.27% stake in GEFIL, Black River Food had 25%, Alka Chowdhry had an 11.56% stake, Investment and Commercial Enterprises had 6.6%, and Pradeep Chowdhry had a 0.57% stake in the company.

Kotak Mahindra Capital, Nomura Financial Advisory and Securities, Credit Suisse Securities India Private Limited, and Axis Capital Limited have been appointed the lead managers of this IPO. In addition, KFin Technologies Private Limited has been appointed as the registrar of this public issue.

Gemini Edibles & Fats India Limited Can Be a Good Investment Option – Know Why!

Gemini Edibles & Fats India Limited is one of India’s leading edible oil and speciality fat manufacturers. The company primarily operates in Southern India and is a leader in manufacturing sunflower oil under the brand name ‘Freedom’. Odisha, Andhra Pradesh, and Telangana are the states where the company leads in terms of market share and comes 3^rd in Karnataka in the sunflower oil segment.

Besides sunflower and other edible oils, Gemini Edibles & Fats India Limited has about 16% market share in South India in speciality fat manufacturing.

Along with a substantial market share, the company operates on strong financials, with their profits rising in each of the previous three financial years. The company has recorded a profit of Rs. 5707.69 million in FY2020 – 2021, compared to that of Rs. 1858.50 million in FY2019 – 2020.

Bottom Line

Despite being a regional player, Gemini Edibles & Fats India Limited is one of the leading companies in the business segment. However, since the DRHP has been filed just now, the company is yet to confirm any IPO details. Nonetheless, looking at their business volume and revenue, it is safe to assume that they will continue on a positive trajectory in the coming years.

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Frequently Asked Questions

1. What is the face value of Gemini Edibles & Fats India Limited shares?

The face value of Gemini Edibles & Fats India Limited shares is Rs. 1 per share.

2. What are the opening and closing dates of Gemini Edibles & Fats India Limited IPO?

The opening and closing date of Gemini Edibles & Fats India Limited IPO are yet to be announced by the company.

3. What is the listing date of Gemini Edibles & Fats India Limited IPO?

The listing date of Gemini Edibles & Fats India Limited IPO is not available yet.

4. What is the price band of Gemini Edibles & Fats India Limited IPO?

There is no confirmation regarding the price band of Gemini Edibles & Fats India Limited IPO yet.