Market regulator SEBI has put the proposed ₹2,500-crore initial public offering (IPO) of Gemini Edibles & Fats India on hold. Without disclosing the reason, SEBI said "issuance of observations kept in abeyance" with regard to the firm's IPO. Gemini's proposed IPO is entirely an offer for sale (OFS) by company's promoter and shareholders, according to its draft red herring prospectus.