Gemini Edibles & Fats India Limited
DRHP · filed 22 Aug 2026
This is a draft. SEBI has not cleared it, there is no final price yet, and it may never become an IPO.
Gemini Edibles & Fats India Limited is engaged in the manufacturing and marketing of edible oils and fats. The company has a debt-to-equity ratio of 1.69 and has faced high-severity risks related to foreign exchange fluctuations, commodity price volatility, and geopolitical disruptions in its supply chain. The draft prospectus highlights that these factors have resulted in exchange differences and net losses on foreign currency transactions, while also exposing the company to potential impacts from changes in import duties and transportation hazards.
What stands out
Risk factor. We import a significant portion of our raw materials from international suppliers, exposing us to geopolitical disruptions, foreign exchange fluctuations, and transportation hazards.
Risk factor. We face foreign exchange risk due to the fluctuation in the value of the Indian Rupee against foreign currencies, which has resulted in exchange differences and net losses on foreign currency transactions.
Risk factor. Changes in government policies, import duties, or export restrictions in sourcing jurisdictions (e.g., Indonesia) could adversely affect the availability and cost of raw materials.
Risk factor. Commodity price volatility between the prices at which raw materials were ordered and the prices at which finished products were sold has adversely impacted our gross margin.
How the offer is structured
- carry out the Offer for Sale of up to 41,150,030 Equity Shares of face value of ₹1 each by the Selling Shareholders aggregating up to ₹[●] million
- achieve the benefits of listing the Equity Shares on the Stock Exchanges
Promoters, litigation & related parties
Promoter (pre)
68.4%
Related-party
0.1%
Share of revenue
Except as stated below, there are no outstanding criminal proceedings, actions by regulatory authorities, outstanding claims related to direct and indirect taxation matters, or any other pending litigation involving the Company, Subsidiary, Promoters, and Directors. Further, except as disclosed below, there are no disciplinary actions, penalties, or show cause notices imposed by SEBI or stock exchanges against Promoters in the last five Fiscals, or outstanding criminal proceedings or actions by regulatory authorities against Key Managerial Personnel and members of Senior Management. All outstanding claims related to direct and indirect tax matters have been disclosed in a consolidated manner, giving details of the number of cases and total amount involved. If a tax matter involves an amount exceeding the Materiality Amount, a separate disclosure of such tax matter has been included.
Risks the company discloses
We import a significant portion of our raw materials from international suppliers, exposing us to geopolitical disruptions, foreign exchange fluctuations, and transportation hazards.(Supply Chain)
We face foreign exchange risk due to the fluctuation in the value of the Indian Rupee against foreign currencies, which has resulted in exchange differences and net losses on foreign currency transactions.(Financial)
Changes in government policies, import duties, or export restrictions in sourcing jurisdictions (e.g., Indonesia) could adversely affect the availability and cost of raw materials.(Regulatory)
Commodity price volatility between the prices at which raw materials were ordered and the prices at which finished products were sold has adversely impacted our gross margin.(Operational)
Our raw materials are primarily transported by sea and are subject to bottlenecks, accidents, adverse weather conditions, strikes, and civil unrest.(Operational)
We rely on a limited number of suppliers for key raw materials and packaging materials, with top 10 suppliers contributing to over 50% of total purchases.(Supply Chain)
The ongoing conflict in the Middle East has led to increases in logistics and packaging material costs and may hamper the availability of crude oil-derived packaging materials.(Operational)
We have not faced material adverse impacts from supply disruptions in the past three fiscal years, but there is no assurance that significant disruptions will not occur in the future.(Operational)