Gemini Edibles & Fats India Ltd IPO

Headquartered out of Hyderabad, Gemini Edibles and Fats is one of the leading and the fastest growing edible oils and fats companies in India and is engaged in the business of manufacturing, distribution and branding of edible oils and specialty fats. The company is a market leader in the sunflower oil category with the ‘Freedom’ brand, in the states of Telangana, Andhra Pradesh, and Odisha, and hold the third largest market share in the state of Karnataka. The branded retail consumer products are marketed under its own brand, ‘Freedom’, for premium oils such as sunflower oil, rice bran oil, mustard oil and groundnut oil, and under ‘First Klass’ for palm oils.
It has three port-based manufacturing facilities on the eastern coast of India, with two in Kakinada and one in Krishnapatnam. It has a refining capacity of 2615 mt per day while packaging capacity stood at 3988 mt per day.
Its branded retail consumer products are sold in approximately 640 towns in Andhra Pradesh, Karnataka, Odisha and Telangana through a network of over 1,100 distributors and traders, serviced by 130 sales personnel and over 30 depots. Its ‘Freedom’ brand of sunflower oil was sold to more than 260,000 retail outlets across these states as of June.
It has three business verticals:
•    Branded retail consumer: Manufactures and markets oils such as sunflower oil, rice bran oil, mustard oil, groundnut oil, palm kernel oil and palmolein oil
•    Industrial consumer: Produces and markets oils and fats such as high stability frying oils, palm oils, cocoa butter substitutes, inter-esterified vegetable fats and shortenings to companies in the food industry
•    Bulk merchandising: Sells palmolein, palm kernel, sunflower and soyabean oils in bulk form to players operating with their own brands and to those who sell edible oil in unbranded or loose form