The month of November saw a string of IPOs releasing, leaving the investors with a mixed feeling. India’s biggest IPO till date, PAYTM, worth Rs 18,300 Crores went public in November 2021. Sigachi Industries, which went public on 15th November, 2021, returned more than 250% on investment, making it one of the top performing IPOs of the Month. Looking at this, here we bring to you the next big IPO which is lined up to go public in the last month of the year 2021. So, let’s take a look at the important elements of the Gemini Edibles and Fats India Ltd IPO which is slated to go live in December 2021.
- About the Company -
Headquartered in Hyderabad, Telangana, Gemini Edibles and Fats Ltd is one of the leading and the fastest growing edible oils and fats companies in India. The company manufactures, distributes and brands edible oils and specialty fats in the country. With its brand ‘Freedom’, the oil manufacturing company ranks amongst the top companies in the category in the states of Telangana, Andhra Pradesh, and Odisha, and holds the third largest market share in the state of Karnataka. Despite being a regional player, the company is ranked amongst the top two companies by market share in the branded sunflower oil category on a pan India basis as of Fiscal 2021. The operations of the company are integrated throughout the edible oils and fats value chain, from the importing of crude edible oil to the processing, packaging and distribution of its products. Its range of edible oils and fats are sold to the customers under three verticals, i.e., branded retail consumer, industrial consumer and bulk merchandising
- Gemini Edibles and Fats India Ltd IPO details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Gemini Edibles and Fats India Ltd IPO date and it’s share price.
- Gemini Edibles and Fats India Ltd IPO date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from December, 2021. The exact date of the issue will be soon announced.
- Gemini Edibles and Fats India Ltd IPO issue size -
The total issue size of the latest IPO of Gemini Edibles and Fats India Ltd Ltd Ltd is expected to be around Rs 2500 crores.
- Gemini Edibles and Fats India Ltd IPO share price
The price band of the company’s upcoming IPO is yet to be declared.
- Gemini Edibles and Fats India Ltd IPO listing
Since the IPO of Gemini Edibles and Fats India Ltd Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
- Gemini Edibles and Fats India Ltd IPO objectives
According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards funding the following objects
- Listing of the Equity Shares to enhance brand visibility and brand image and provide liquidity to the Shareholders
- The object of the issue is also to provide a public market for the Equity Shares in India
Conclusion
If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.
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With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.