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.
