Gemini Edibles & Fats IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 30, 2023Let’s have a detailed review of the company and analytics of the Gemini Edibles & Fats IPO release date, IPO offer price, subscription, Gemini Edibles & Fats India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs 25,000 Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Gemini Edibles & Fats India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Gemini Edibles & Fats IPO – Summary
India’s edible oil consumption is estimated to be approximately 21 million MT for the OY 2020 (i.e., from November 2019 to October 2020) and is forecasted to grow to 25 million MT by OY 2025.
The growth in edible oil consumption in India will primarily be driven by increasing per capita consumption and a growing population.
India’s per capita consumption of edible oil is estimated to be 16 kgs to 17 kgs per annum versus the world average of 24 kgs per annum, which suggests a significant opportunity for growth.
The Promoter of this company is PRADEEP KUMAR CHOWDHRY, ALKA CHOWDHRY, GOLDEN AGRI INTERNATIONAL ENTERPRISES PTE. LTD. AND GOLDEN AGRI INTERNATIONAL PTE. LTD.
The lead manager to the issue is Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Gemini Edibles & Fats IPO Date
The opening and the closing date of Gemini Edibles & Fats India IPO are not available yet.
Check out Related IPO Links:
| Gemini Edibles IPO GMP |
| Allotment – Gemini Edibles IPO |
Gemini Edibles & Fats IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Gemini Edibles & Fats India IPO LIVE Subscription
- Gemini Edibles & Fats India IPO LIVE Bid details on BSE
- Gemini Edibles & Fats India IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Gemini Edibles & Fats IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Gemini Edibles & Fats IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| A credit of Shares to Demat Account | – |
| Share Listing Date | – |
Gemini Edibles & Fats India IPO Price Band / Cash Price
The face value of each share is Rs.1, but the price band of the IPO is Rs.[●]
Gemini Edibles & Fats India IPO Size
This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Gemini Edibles & Fats India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.
Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.[●] Million
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GEF India IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Gemini Edibles & Fats India Share Price |
GEF India IPO Grey Market Premium
The Gemini Edibles & Fats India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Gemini Edibles & Fats India IPO – Company Overview
Their Company is headquartered out of Hyderabad, India and they are one of the leading and the fastest-growing edible oils and fats companies in India.
Their Company is engaged in the business of manufacturing, distribution, and branding of edible oils and specialty fats in India.
They are the market leaders in the sunflower oil category with their ‘Freedom’ brand, in the states of Telangana, Andhra Pradesh, and Odisha, and hold the third-largest market share in the state of Karnataka.
Their operations are integrated throughout the edible oils and fats value chain, from the importing of crude edible oil to the processing, packaging, and distribution of their products.
Their range of edible oils and fats is sold to their customers under three verticals, i.e., branded retail consumer, industrial consumer, and bulk merchandising.
Gemini Edibles IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 32,934.03 | 25,232.47 | 19,094.04 |
| *Total Revenue | 78,631.08 | 65,713.10 | 55,339.79 |
| Total Expense | 70,980.06 | 63,276.48 | 53,644.39 |
| Profit After Tax | 5,707.69 | 1,858.50 | 1,093.46 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 55.48 | 18.07 | 11.78 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 5,707.69 Million, Rs. 1,858.50 Million and Rs. 1,093.46 Million respectively.
GEF India IPO – Promoters
The Promoter of this company is:
- PRADEEP KUMAR CHOWDHRY
- ALKA CHOWDHRY
- GOLDEN AGRI INTERNATIONAL ENTERPRISES PTE. LTD.
- GOLDEN AGRI INTERNATIONAL PTE. LTD
List of Related Parties (Key Managerial Personnel)
- Pradeep Chowdhry, Managing Director
- Prathap Gangaraju, Whole Time Director
- Govind Ambady, Non-Executive Nominee Director
- Hemant Kumar Bhatt, Non-Executive Nominee Director
- Deepak Malik, Non-Executive Nominee Director
- Rajesh Chopra, Non-Executive Nominee Director
GEF India IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
GEF India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 102,875,080 Equity Shares |
| Equity Shares outstanding after the Issue | 102,875,080 Equity Shares |
GEF India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To carry out the Offer for Sale of up to [●] Equity Shares aggregating to Rs 25,000.00 million by the Selling Shareholders;
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Gemini Edibles & Fats India – Business Strategy
- Strengthen their market presence in their existing markets in India.
- Expand their market presence to other states in India and increase distribution reach.
- Increase their production capacity with a modern and highly automated process
- Further, increase their brand awareness
- They intend to continue improving efficiencies throughout all business operations and their risk management practices.
Gemini Edibles India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leading and reputable consumer brands in the edible oil sector.
- One of the leading manufacturers of specialty fats and oils.
- Modern and strategically located manufacturing facilities.
- Extensive and well-established sales and distribution network.
- Technology-enabled distribution capability.
- They have an experienced and professional senior management team along with a diversified board.
- They enjoy certain benefits from the experience and expertise of their Shareholders.
- Also, they leverage an efficient and integrated operating system throughout all business operations, with emphasis on risk management.
- They have a strong financial position
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 55.48 | 35.1 | 157.92 |
| 31-Mar-20 | 18.07 | 17.6 | – |
| Mar-19 | 11.78 | 12.6 | – |
GEF India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Gemini Edibles & Fats India Limited | 1 | [●] | 55.48 | 35.1 | 78,631.08 |
| Listed Peers | |||||
| Marico Limited | 1 | 58.12 | 9.08 | 37.16 | 81,420.00 |
| Agro tech Foods Limited | 10 | 75.79 | 13.21 | 7.33 | 8,934.20 |
Gemini Edibles IPO Lead Managers
| Lead Managers |
|
Axis Capital Limited Credit Suisse Securities (India) Private Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory Securities (India) Private Limited |
Gemini Edibles IPO Registrar to offer
| Registrar to the Offer |
| 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 |
GEF India IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
GEF India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Gemini Edibles & Fats India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Gemini Edibles IPO Review FAQs
Ques – What is the Issue Size of Gemini Edibles & Fats IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Gemini Edibles & Fats IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
Ques – What is the Gemini Edibles & Fats India IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the GEF India IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Gemini Edibles & Fats India IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of GEF India IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Gemini Edibles IPO?
Answer – Here are the promoters of this IPO – PRADEEP KUMAR CHOWDHRY, ALKA CHOWDHRY, GOLDEN AGRI INTERNATIONAL ENTERPRISES PTE. LTD. AND GOLDEN AGRI INTERNATIONAL PTE. LTD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Gemini Edibles & Fats India IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Gemini Edibles & Fats India IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Gemini Edibles & Fats India Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 5,707.69, 2020 is 1,858.50, 2019 is 1,093.46.
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