India\u2019s edible oil consumption was approximately 21 million metric tonnes in 2020 and is forecasted to grow to 25 million metric tonnes by 2025. India\u2019s per capita consumption of edible oil is estimated to be 16 kgs to 17 kgs per annum versus the world average of 24 kgs per annum, which suggests a significant opportunity for growth.<\/p>\n\n\n\n
Gemini Edibles & Fats Indi\u0430 Ltd h\u0430s filed \u0430 draft red herring prospectus with the SEBI t\u043e raise \u20b925 billion through \u0430n I\u0420\u041e. The issue will entirely be \u0430n offer for sale by existing shareholders \u0430nd promoters.<\/p>\n\n\n\n
Gemini Edibles will not receive any proceeds from the offer and all the offer proceeds after the deductions will be received by the shareholders who offered their shares as a part of the offer.<\/p>\n\n\n\n
Gemini Edibles & Fats Indi\u0430 Ltd is one of the leading manufacturers of edible oils and fats in the country. The company is also engaged in the business of distribution and branding of edible oils and specialty fats.<\/p>\n\n\n\n
The Hyderabad-based company is a market leader, with its sunflower oil brand \u2018Freedom\u2019 in the states of Telangana, Andhra Pradesh, and Odisha, and holds the third-largest market share in the state of Karnataka. The company is amongst the top two companies by market share in the branded sunflower oil category on a pan-India basis as of fiscal 2021.<\/p>\n\n\n\n
Gemini Edibles has three port-based manufacturing facilities on the eastern coast of India, with two in Kakinada and one in Krishnapatnam. The company\u2019s branded retail consumer products are sold in approximately 640 towns in Andhra Pradesh, Karnataka, Odisha, and Telangana through a network of over 1,100 distributors and traders, serviced by 130 sales personnel and over 30 depots.<\/p>\n\n\n\n
For fiscal 2021, Gemini Edibles reported revenue from operations at \u20b977.6 billion versus \u20b965 billion a year ago. Net profit was at \u20b95.7 billion against \u20b91.85 billion last year.<\/p>\n\n\n\n
Meanwhile, The company requires crude edible oils for manufacturing its products and their prices are highly volatile in the world market for reasons like currency fluctuation, changes in global inventory levels, inflation, etc.<\/p>\n\n\n\n
The company incurred around \u20b966.2 billion as a material cost out of, which crude oil alone costed approximately \u20b964.5 billion. Price volatility in crude edible oils may impact the profitability as the company would be holding higher-priced inventory and the market price could fall by the time it sells the inventory leading to a financial loss.<\/p>\n","protected":false},"excerpt":{"rendered":"
India\u2019s edible oil consumption was approximately 21 million metric tonnes in 2020 and is forecasted to grow to 25 million metric tonnes by 2025. India\u2019s per capita consumption of edible oil is estimated to be 16 kgs to 17 kgs per annum versus the world average of 24 kgs per annum, which suggests a significant […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,10444,85],"tags":[2132,9172],"class_list":["post-124748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-others","category-retail-stocks","tag-manufacturing","tag-oil"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124458,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-policybazaar-files-drhp-to-raise-funds-via-public-issue\/","url_meta":{"origin":124748,"position":0},"title":"IPO Alert: PolicyBazaar files DRHP to raise funds via public issue","author":"Nishadkishore","date":"August 2, 2021","format":false,"excerpt":"The insurance industry in India was worth \u00a0\u20b97.6 trillion in 2020 and is expected to grow at a CAGR of 17.8% to reach \u00a0\u20b939.0 trillion by 2023. However, as compared with its global peers, India has a highly underpenetrated insurance market. \u0420B Fintech Ltd, \u0440\u0430rent \u043ef online insurance platform \u0420\u043eli\u0441yB\u0430z\u0430\u0430r,\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124396,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-star-health-files-dhrp-to-raise-funds-via-ipo\/","url_meta":{"origin":124748,"position":1},"title":"IPO Alert: Star Health files DHRP to raise funds via IPO","author":"Nishadkishore","date":"July 23, 2021","format":false,"excerpt":"The health insurance industry in India is the fastest-growing segment in the non-life insurance segment, registering a CAGR of 23% over the past 10 years. Premiums have grown at a CAGR of 19% in the last 6 years. Star Health and Allied Insurance Co. Ltd recently filed a draft red\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/alphastreet.com\/india\/category\/healthcare-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124744,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-what-we-can-expect-when-popular-vehicles-and-services-goes-public\/","url_meta":{"origin":124748,"position":2},"title":"IPO Alert: What we can expect when Popular Vehicles and Services goes public","author":"Nishadkishore","date":"August 13, 2021","format":false,"excerpt":"The automobile industry is one of the primary contributors to the Indian economy. Its current contribution to GDP is approximately 7% and it ranks fourth in the world for the thriving domestic auto market. 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N\u043erthern \u0410r\u0441 \u0421\u0430\u0440it\u0430l, \u0430 n\u043en-b\u0430nking financial \u0441\u043em\u0440\u0430ny, h\u0430s filed draft d\u043e\u0441uments with the \u0441\u0430\u0440it\u0430l m\u0430rkets regulator\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=124748"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/124093"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=124748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=124748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=124748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}