The Issue is a " />
The Issue is a " />
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
IPO News

| More

Hyderabad based Edible Oil Co., Gemini Edibles & Fats files for Rs. 2500 cr IPO

Posted On: 2021-08-09 23:02:28 (Time Zone: IST)

Gemini Edibles & Fats India Limited, owners of the "Freedom brand" and market leaders in the sunflower oil category across Telangana, Andhra Pradesh and Odisha has filed for a Rs 2500 cr IPO with the market regulator.

The Issue is a complete Offer for Sale by the Selling Shareholders and the company will not receive any funds from the net proceeds of its initial public offering.

GEFIL, commenced its business in 2010 and as of today stands to be one of the fastest growing edible oils and fats companies in India. The company is engaged in the business of manufacturing, distribution and branding of edible oils and specialty fats in India and holds the third largest market share in the state of Karnataka. It operates across the edible oil and fats value chain i.e from importing crude edible oil to processing, packaging and distribution of its products that are sold under three verticals i.e branded retail consumer- sunflower oil, rice bran oil, mustard oil, palm kernel oil, palmolein oil; industrial consumer - high stability frying oils, palm oils, cocoa butter substitutes, inter-esterified vegetable fats and bulk merchandising - palmolein, sunflower and soyabean oils.

Between FY19 to FY21, it's revenue from operations has grown at a CAGR of 19.6% and gross profit margin has almost doubled.

Besides tapping into multiple offline and online channels for retail sales, the Company intends to expand presence across Tamil Nadu, Kerala and foray into the northern and eastern states of India such as Chhattisgarh, Jharkhand, Uttar Pradesh and West Bengal over a span of 5 years.

As of June 30, 2021, the company had a network of over 30 depots, 1100 distributors and wholesalers which had a retail reach to approximately 640 towns in the state of Telangana, Andhra Pradesh, Odisha and Karnataka.

Freedom, the brand owned by GEFIL was ranked amongst the top 5 cooking oil brands in India according to India Today "Ipsos Urban Consumer Sentiment Survey 2020. According to the Technopak report and Nielsen Retail Index, stated in the DRHP, the regional player is also amongst the top two companies by market share in the branded sunflower oil category pan-india in FY21.

Additionally, it's promoter, Golden Agri Resources Ltd, has been listed on the Singapore Exchange since 1999, it is one of the leading integrated palm oil plantation companies in the world that focuses on sustainable palm oil production.

The packaged edible oil segment is forecasted to grow at a CAGR of 7% for the period from Fiscal 2020 to Fiscal 2025. The Indian specialty fats and oils segment which caters to industries such as bakeries, biscuit, confectionery and snack foods is estimated to be growing at a CAGR of 8% per annum.

Investment Bankers appointed to the issue are Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory and Securities(India) Private Limited.

Click here to send ur comments or to

Other Headlines:

Penna Cement gets Sebi nod for Rs 1,550 crore IPO

Kolkata based GPT Healthcare files IPO papers with Sebi

Everstone backed SJS Enterprises gets SEBI green signal for its IPO

Ascent Capital-backed Radiant Cash Management Services files draft papers with SEBI to raise funds via IPO

Fino Payments Bank, the first profitable fintech gets Sebi nod for its IPO

Omni Channel Retail Pharmacy Chain, Wellness Forever files for an IPO

Diversified Co., PKH Ventures files its IPO Papers

CX Partners-backed Veeda Clinical Research files for IPO to raise 831 cr

Waaree Energies files DRHP for its IPO

IPO of Shri Venkatesh Refineries Limited to open on BSE SME platform on Sept 29

Paras Defence raises Rs. 51 crores from Anchor Investors

Defence and Space Tech Co, Paras becomes most oversubscribed IPO in Capital Markets History

Hyderabad based Consumer Durable Retail Chain, Electronics Mart India files for Rs 500 cr IPO

Hyderabad based Hariom Pipe files for Rs 120 crore IPO

Florintree backed Defence Electronics Co. Data Patterns files for IPO

Paras Defence and Space Technologies Limited's IPO to open on September 21, 2021

Kolkata based Metal and Mining Co., Tega Industries files for its IPO

Prudent Corporate Advisory Services Limited files DRHP with SEBI

Private Market Intelligence SaaS Platform, Tracxn files for an IPO

Inspira Enterprise India Limited files DRHP with SEBI

Aptus Value Housing Finance India Limited, Issue subscribed 0.37 times, Retail portion booked 0.54 times on day 2

Nuvoco's IPO final day: Issue subscribed 1.71 times on final day, Best interest from QIB subscribed 4.23 times

Keventer Agro Limited files DRHP with SEBI

Aptus Value Housing Finance India Limited raises Rs. 834 crs from 21 Anchor Investors

Retail Segment laps up 80 % of CarTrade's IPO on Day 1

Nuvoco sees Steady Retail Category Interest 31% Subscribed on Day 1

Nuvoco Vistas raises Rs. 1,500 crores from Anchor Investors, 30% of the IPO size of Rs. 5,000 crores

Exxaro Tiles Limited IPO final day: Issue subscribed 22.57 times, Best interest from Retail investors subscribed 39.88 times

Devyani International Limited IPO Final Day: Issue subscribed 116.71 times, Retail portion booked 39.51

Devyani International Limited Issue subscribed 6.61 times, Retail portion booked 22.94 on day 2

Exxaro Tiles Limited IPO subscribed 10. 30 times, Retail portion booked 21.11 times on day 2

Chemplast Sanmar Limited Initial Public Offer to open on Tuesday, August 10, 2021

Aptus Value Housing Finance India Limited's IPO to open on August 10, 2021

Devyani International Limited Issue subscribed 2.69 times, Retail portion booked 11.36 times on day 1

Exxaro Tiles Limited Issue subscribed 4.67 times, Retail portion booked 9.29 times on day 1

Nuvoco Vistas's Rs. 5,000 crores IPO to open on August 09, 2021

FSN E-Commerce Ventures Private Limited (Nykaa) Files DRHP with SEBI for IPO

Profitable Multi-Channel Auto Platform CarTrade Tech Limited's IPO to open on August 09, 2021

Krsnaa Diagnostics Limited IPO to open on August 4, 2021

Fino Payments Bank becomes the first profitable fintech to file for an IPO

Devyani International Limited's IPO to open on August 04, 2021

Vitrified Tiles Major, Exxaro Tiles Limited's IPO to open on August 04, 2021

Windlas Biotech Limited Initial Public Offer to open on Wednesday, August 04, 2021

ESAF Small Finance Bank files for Rs 998 cr IPO

CarTrade Tech Limited gets SEBI approval to float Rs. 2000 crore IPO

Retail focused HFC, Aptus Value Housing gets SEBI approval for IPO

Glenmark Life Sciences IPO - Top Things to Know

Anand Rathi Wealth Ltd files for Rs 1000 cr IPO

Glenmark Life Sciences Limited IPO to open on July 27, 2021

QSR Player Devyani International gets SEBI approval for IPO

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020