Freedom Oils maker Gemini Edibles & Fats India files DRHP with Sebi for IPO

Hyderabad-based Gemini Edibles & Fats India (GEF), which makes edible oils under the brand name Freedom Oils, filed its draft papers for initial public offering (IPO) entirely comprising an offer for sale with capital markets regulator Sebi.

The company, which claims to be one of the largest regional branded edible oil players in the Indian market with a presence in Southern India and some other parts, is primarily engaged in the trading, processing, manufacturing, and marketing of edible oils and specialty fats. The selling shareholders plan to sell up to 4.12 crore equity shares as part of the OFS.

Selling shareholders

Since the IPO has no fresh issue component, the company will not receive any proceeds from the offering. The funds raised through the OFS will go to the selling shareholders, including promoters Alka Chowdhry and Golden Agri International Enterprises, along with investors Black River Food 2 and Investment and Commercial Enterprise.


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Gemini Edibles & Fats India is also the largest sunflower oil selling company within the branded market in terms of revenue with a market share of 18% in FY26. It has more than 1,600 distributors, 3 lakh retail outlets and over 60 warehouses and stock points across key markets.

Gemini Edibles & Fats financials

On the financial front, Gemini Edibles & Fats’ revenue from operations increased to Rs 12,650 crore in FY26 from Rs 10,755.95 crore in FY25. According to a report by TKC, the company’s branded revenue grew at a compound annual growth rate (CAGR) of 20.5% between FY20 and FY25, compared with 10.1% growth for the overall branded edible oil market.

The shares of the company will debut on stock exchanges BSE and NSE after the IPO. Motilal Oswal Investment Advisors and IIFL Capital Services are the book running lead managers for the IPO.

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(With inputs from agencies)

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