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.

Selling shareholdersSince 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..

It has more than 1,600 distributors, 3 lakh retail outlets and over 60 warehouses and stock points across key markets. 95 crore in FY25.

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..