1 week ago
Gemini Edibles & Fats India Files Draft IPO Papers
Gemini Edibles & Fats India wants its shares to be traded publicly.
It has submitted a draft IPO document to SEBI.
The proposed IPO would sell up to 4.11 crore existing shares.
These shares would be sold by the company’s promoters and other investors.
Because no new shares are being created, the company itself will not receive money from the sale.
The money will go to the shareholders selling their shares.
GEF sells edible oils and specialty fats under brands such as Freedom, Be-Rite and First Klass.
It is also entering the spices and convenience foods businesses.
The company reported ₹12,650 crore in revenue during FY26 and plans to list on the BSE and NSE.
Gemini Edibles & Fats India has filed draft IPO papers with SEBI for a proposed listing.
The IPO would involve an offer for sale of up to 4.11 crore, or 41.15 million, shares.
Promoters and existing investors would sell the shares, and the company would receive no IPO proceeds.
GEF makes and sells edible oils and specialty fats while expanding into spices and convenience foods.
The company reported FY26 revenue of ₹12,650 crore and EBITDA of approximately ₹794 crore.
- Who
- Gemini Edibles & Fats India Limited, its promoters and existing investors.
- What
- The company filed a Draft Red Herring Prospectus for an IPO comprising an offer for sale of up to 4.11 crore equity shares.
- Where
- GEF is based in Hyderabad, India, and plans to list its shares on the BSE and NSE.
- When
- The DRHP was filed on August 21, 2026; the report was published on August 22, 2026.
- Why
- The proposed issue would allow promoters and existing investors to sell shares to public investors; GEF would not receive proceeds because the issue has no fresh share sale.
Key facts
- IPO structure
- Offer for sale of up to 4.11 crore, or 41.15 million, equity shares
- Selling shareholders
- Promoters Alka Chowdhry and Golden Agri International Enterprises Pte Ltd, along with Black River Food 2 Pte Ltd and Investment and Commercial Enterprise Pte Ltd
- Proceeds
- All IPO proceeds would go to the selling shareholders; GEF would receive no proceeds
- Proposed listing
- BSE and NSE
- Lead managers
- Motilal Oswal Investment Advisors and IIFL Capital Services
- FY26 financials
- Revenue from operations of ₹12,650 crore and EBITDA of approximately ₹794 crore
- Distribution network
- More than 1,600 distributors, around 300,000 retail outlets and over 60 warehouses or stock points
- Branded revenue growth
- 20.5% CAGR from FY20 to FY25, versus 10.1% for the overall branded edible oil market
Sources
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