Gemini Edibles IPO Details and Information

Gemini Edibles IPO

Gemini Edibles IPO: Company was founded on the 17th of April 2008 in Hyderabad, Andhra Pradesh, India as “Gemini Edibles and Fats India Private Limited. Gemini Edibles operate in the edible oils and fats sector. Gemini Edibles is among the top and fastest expanding edible oils and firms in India. Gemini Edibles is the market leader in the sunflower oil sector under the brand Freedom in three states: Telangana, Andhra Pradesh, and Odisha and holds the third-largest percentage of the market in the State of Karnataka.

Although it is a local player Gemini Edibles is amongst one of the leading two firms according to the percentage of the market in the sunflower oil that is branded category, on a pan-Indian basis, as of fiscal 2021. Gemini Edibles operations are integrated across the edible fats and oils value chain, from the importation of crude edible oil to the packaging, processing, and distribution of the product. Gemini Edibles’ range is comprised of fats, edible oils, and other oils. is offered to customers in three segments, i.e., branded retail consumer, industrial consumer, and bulk merchandising.

Names of Promoters:

  • Pradeep Chowdhry
  • Alka Chowdhry
  • GAIE
  • GAI.

Gemini Edibles Company Financials:

The following table will provide a Summary of consolidated financial information.

ParticularsAs of and for the Fiscal ended (in ₹ million)
March 31, 2021March 31, 2020 March 31, 2019
Total Assets 32,934.0325,232.4719,094.04
Total Revenue 77,659.6265,002.4954,227.53
Profit After Tax 5,707.691,858.501,093.46
Total borrowings7,981.887,723.886,965.17

Gemini Edibles IPO Details:

IPO Opening DateTo Be Announced
IPO Closing Date To Be Announced
Issue Sizeaggregating up to ₹2,500.00 Cr
Fresh IssueNA
Offer for Sale NA
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
Price Band₹. to ₹. per equity share
Market Lot NA
Min Order Quantity NA
Listing at ExchangesBSE & NSE

Gemini Edibles IPO Time Table:

IPO Open Date To Be Announced
IPO Close Date To Be Announced
Basis of Allotment Date To Be Announced
Initiation of Refunds To Be Announced
Credit of Shares to Demat Account To Be Announced
IPO Listing Date To Be Announced

Gemini Edibles IPO Lot Size:

The market lot size is _ shares. A retail-individual investor can apply for up to _ lots (_ shares or ₹_).

 LotsSharesAmount (Cut-off)
MinimumNANANA
MaximumNANANA

Gemini Edibles IPO Subscription status:

CategoryShares Offered Percentage (%)Subscription (times)
Qualified Institutional Buyers (QIB)
--NA
Non Institutional Investors (NII)
--NA
Retail Individual Investors (RII)
--NA
Employee --NA
Total --NA

Gemini edibles business:

  • India’s consumption of edible oils is estimated at around 21 million MT in OY 2020 (i.e. the period from November 2019 until Oct. 2020) and is expected to rise up to 25 million tonnes in OY 2025. The increase in consumption of edible oils in India is primarily due to an increase in per-capita consumption and an increasing population. The per capita consumption in India of edible oil is believed to be between 16 and 17 kgs annually compared to the global average of 24kgs per annum that suggests an opportunity to grow. In recent times there is a shift in consumer preference in India towards the use of branded edible oils, due to the growing awareness of hygiene and health and government policies, as well as convenience and an increase in purchasing power. It is estimated that the Indian food and beverage retail industry, which includes hotel catering, restaurants, and caterers (“HoReCa”) can be predicted to expand at a CAGR of 6% during the time frame from fiscal 2020 through fiscal 2025. In this regard market, the branded edible oil retail market is predicted to expand faster with a CAGR of 7%, and gain an approximate 90percent of market share in regards to value. Within the branded edible oils retail market it is growing at 10% during the time between Fiscal 2015 and Fiscal 2020. It is projected to increase at a rate of 8 percent for the time period from Fiscal 2020 until Fiscal 2025. Other edible oils that are commonly consumed like palm oil, mustard oil, and soyabean oil are expected to increase by five percent, six percent, and 11% for the same time frame. (Source: Technopak Report)
  • Gemini Foods is headquartered in Hyderabad, India, and Gemini edibles is among the most prominent and fastest expanding edible oils and fats firms in India. (Source: Technopak Report). The company is in the manufacturing, distribution, and branding of specialty oils and edible oils in India. Gemini edibles are one of the market leaders in the sunflower oil segment through their brand Freedom, in the states of Telangana, Andhra Pradesh, and Odisha and hold the third-largest market share in the state of Karnataka. (Source: Technopak Report) While it is a regional company, Gemini edibles are amongst the top two companies in terms of percentage of the market in the sunflower oil that is branded category across India in the fiscal year 2021. (Source: Technopak Report) Gemini edibles operations are integrated into the value chain of edible fats and oils starting with the importation of crude edible oil through the packaging, processing as well as distribution. Gemini’s edibles range of oils and fats is sold to customers in three distinct verticals i.e. Branded consumer retail, industrial consumer, and bulk merchandise.

Gemini Edibles business verticals:

  • Retail consumer brand name
    • in the vertical Gemini edibles offer sunflower oil rice bran oil groundnut oil, mustard oil, and palm oil to the general public in packages;
  • Industrial consumer
    • in the vertical Gemini, edibles offer high stability fryers oils, palm oils cocoa butter replacements, shortenings, and inter-esterified vegetable oils for industrial clients in large quantities or in packaged forms for different uses like biscuits, snacks confectionery, non-dairy whip toppings, ready-to-eat, frozen desserts, and food ingredients and
  • Bulk merchandising
    • in the vertical Gemini, edibles offer refined and crude palm sunflower, palm kernel, and soybean oils in large quantities to traders and Re-packers.

Competitive Strengths:

  • Top and reliable brand names in both the consumer food oil retail sector as well as the industrial specialty oil and fats industry.
  • Contemporary and conveniently placed production facilities.
  • Well-established and extensive distribution and sales network
  • Gemini edibles boast an experienced and knowledgeable executive management team and a diverse board.
  • Gemini edibles receive certain benefits based on the knowledge and knowledge of the Shareholders of the company.
  • Gemini edibles are in a good financial position.

Risk factors:

  • Gemini’s edibles operations are dependent on the availability of continuous raw materials, such as crude edible oil prices and availability of which is subject to substantial fluctuations due to external factors that are beyond their control.
  • Gemini refineries for edibles are located in Andhra Pradesh and a major portion of their earnings from operations comes in the south of India and Odisha and, as such, their business may be significantly and negatively affected by negative or unfavorable events that impact Andhra Pradesh, Odisha and/or south India.
  • Gemini edibles might not be in a position to implement their business plans or maintain and manage the growth.
  • Incorrect handling, processing, or storage of raw materials or goods or their spoilage or destruction to these raw materials or items or any actual or apparent contaminants in the raw material or product could cause them to be the subject of regulation, damaged reputation, and negatively impact on business results, of operations, and financial performance.
  • Production risks, as well as regulatory incompatibilities, could affect operations.
  • Gemini food products’ inability to expand or efficiently manage an expanding distribution network could have negative consequences for the results of operations, business, and financial health.
  • Gemini edibles’ performance can be affected negatively if your company has a difficult time managing the inventory and the working capital.
  • The specialty oils and edible oils business in India is extremely competitive. The inability to compete effectively can negatively impact the business, performance in operations, as well as financial performance and cash flow.
  • Gemini food processing operation is subject to changing environmental, health, and safety regulations and laws.
  • Gemini edibles could be subject to serious health and safety hazards and dangers in operating their refineries
  • Gemini edible’s business and prospects could be negatively affected if the company fails to preserve and protect the Gemini edibles’ image as a brand.
  • The inability to safeguard Gemini food product’s intellectual property rights or any claims that the company infringes on the IP rights of other companies could result in a negative impact on their intellectual property rights.
  • Gemini edibles could be a good way to evaluate opportunities for growth inorganic. Companies’ efforts in integrating acquired businesses may not result in efficient or timely results, which can impact the financial health and performance of operations.
  • There are legal proceedings pending that concern Company and one of the Group Companies. Any negative result in these legal proceedings could influence the results of operations, and financial performance.
  • Gemini food insurance policies might not be enough to compensate for all losses in the course of business.
  • Conflicts of interest can arise from businesses in which certain company Directors and Promoters are involved.
  • Gemini’s food products rely on third-party transportation companies to supply raw materials and distribute the products. Any interruption or deficiency in their services can harm the business’s reputation and business.
  • A delay or failure in obtaining, renewing, or maintaining licenses, permits, and registrations may cause negative effects on the results of the operation.
  • Gemini’s edibles depend on a variety of key employees, including the company’s senior management. the demise or inability to find or keep these people could negatively impact the business, its results, and financial health.
  • The offices are used by the Registered and Corporate Office and some other locations are leased. A dispute or non-renewal with a leaser could result in disruption of business operations and the associated costs of the relocation of the branch office.
  • Failure of IT systems can adversely impact business operations and the overall operation.
  • Gemini food products were in the past entered into related-party transactions and will likely continue to do this in the near future. This could lead to conflicts of interest with equity shareholders.
  • Gemini edibles rely on the services of a few third-party companies to support their functions. Any interruption or defect in their services may be detrimental to the business’s reputation and business.
  • Gemini foods and certain Selling Shareholders are able to participate in trade-in or with other countries or individuals that are under the jurisdiction of the U.S. and other sanctions.
  • Gemini foods have experienced negative net cash flow in the course of operation in the past and could be able to continue to experience negative cash flow in the near future.

Gemini edibles Strategies:

  • Increase market presence in existing markets for the company in India.
  • Extend their markets share across the other States in India and expand the distribution network.
  • Improve production capacity using the latest and highly automated technology
  • To increase brand recognition
  • Gemini edibles aim to improve efficiency throughout all aspects of business operations as well as methods of managing risk.

Gemini Edibles Board of Directors:

NameDesignation
Pradeep ChowdhryManaging Director
Prathap GangarajuWhole Time Director
Govind Ambady Non-Executive Nominee Director
Hemant Kumar BhattNon-Executive Nominee Director
Deepak MalikNon-Executive Nominee Director
Rajesh ChopraNon-Executive Nominee Director
Savita MahajanIndependent Director
Vipen KapurChairman and Independent Director
Chitranjan DarIndependent Director

Gemini Edibles IPO Prospectus:

Download Gemini Edibles DRHP

Gemini Edibles IPO Registrar:

KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: gefil.ipo@kfintech.com
Investor Grievance E-mail:
einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221

Gemini Edibles IPO Lead Managers:

  • Axis Capital Limited
  • Credit Suisse Securities (India) Private Limited
  • Kotak Mahindra Capital Company Limited
  • Nomura Financial Advisory and Securities (India) Private Limited

Registered and Corporate Office:

“Freedom House”, 8-2-334/70 & 71, Opposite SBI Executive Enclave, Road No.5, Banjara Hills, Hyderabad 500 034, Telangana, India
Contact Person: Rajesh Kumar Aggarwal, Company Secretary, and Compliance Officer
Tel: +91 40 6735 7868;
E-mail: investors@gefindia.net;
Website: www.gefindia.com
Corporate Identity Number: U15205TG2008PLC058708