Freedom Oils Maker Gemini Edibles Files For IPO
· Business · Economic Times, LiveMint
Hyderabad-based Gemini Edibles & Fats India has filed draft papers with the Securities and Exchange Board of India for an initial public offering. The proposed share sale is entirely an offer-for-sale, meaning the company will not receive any proceeds from the issuance. Selling shareholders, including promoters Alka Chowdhry and Golden Agri International Enterprises, plan to offload up to 4.12 crore equity shares. The company reported revenue of Rs 12,650 crore for FY26, up from Rs 10,755.95 crore in the previous fiscal year. Gemini Edibles & Fats holds an 18% market share in the branded sunflower oil segment.
Why it matters
The IPO provides an exit route for existing investors and promoters, while the company's financial growth highlights the expanding demand for branded edible oils in the Indian market.
Read the original report — Economic Times
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