Solvex Edibles IPO is a fixed price issue of ₹18.87 crore. The issue is entirely a fresh issue of 0.26 crore shares of ₹18.87 crore.
The IPO opens for subscription on September 22, 2025, to September 24, 2025.
The basis of allotment is expected to be finalised on September 25, 2025. The shares are proposed to be listed on the BSE SME, with a tentative listing date of September 29, 2025. The issue price for Solvex Edibles IPO has been fixed at ₹72 per share.
The lot size is set at 1600 shares. A retail investor is required to make a minimum investment of ₹2,30,400 for 3200 shares. For High Net-worth Individuals (HNIs), the minimum application is for 3 lots or 4,800 shares, amounting to ₹3,45,600.
Corporate Makers Capital Ltd is the book running lead manager and Maashitla Securities Pvt Ltd is the registrar of the issue. The market maker of the company is JSK Securities & Services Pvt Ltd. Refer to Solvex Edibles IPO RHP for complete details.
Solvex Edibles IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Upto ₹830.99 lakh will be allocated for the acquisition of new Plant and Machinery at the company’s existing plant.
- Upto ₹590.00 lakh will be used for repayment, in full or in part, of certain outstanding borrowings.
- Upto ₹278.99 lakh will be earmarked to meet general corporate purposes.
About Solvex Edibles Limited
Solvex Edibles Limited was originally incorporated in Uttar Pradesh as Solvex Edibles Private Limited. Following its conversion into a public limited company, the name was changed to Solvex Edibles Limited.
The company is engaged in the manufacturing, distribution, marketing, and sale of solvent extracted rice bran oil and its by-products, such as de-oiled cakes (rice bran and mustard), rice bran, mustard oil, and deoiled mustard cakes. Rice bran oil is extracted from the hard outer brown layer of rice known as bran. Solvex Edibles supplies these products to various FMCG companies across India but does not manufacture, market, or sell them under its own brand names.
Additionally, the company produces De-oiled Rice Bran Cakes (DORB), a by-product of rice bran oil extraction, which is sold as cattle feed, poultry feed, and fish feed across multiple states in India. Currently, Solvex Edibles has a presence in 18 states.
As per its Restated Financial Statements, the company has demonstrated significant growth between FY 2022-23 and FY 2024-25. EBITDA grew from ₹173.12 lakh to ₹596.01 lakh, reflecting a CAGR of 51%. EBITDA margin improved from 1.86% in FY 2022-23 to 7.98% in FY 2024-25. Profit After Tax (PAT) rose from ₹33.54 lakh in FY 2022-23 to ₹283.86 lakh in FY 2024-25, representing a CAGR of 103.79%. PAT margin also increased from 0.36% in FY 2022-23 to 3.80% in FY 2024-25.
Industry Outlook
- With India producing 39.59 million tonnes of oilseeds in 2023-24, the sector continues to hold a critical position in the agricultural economy, contributing 5–6% of global oilseed output.
- India benefits from a wide variety of traditional and non-conventional oils like rice bran, cottonseed, and palm oil, with expanding cultivation efforts in multiple states, indicating rising domestic availability.
- The introduction of digital platforms reflects a strong government push towards transparency, efficient data management, and simplified registration for edible oil units, strengthening industry regulation and growth potential.
How To Apply for the Solvex Edibles IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Solvex Edibles IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Solvex Edibles IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Solvex Edibles Limited
Registered office: Kemri Road, Rampur, Bilaspur, Uttar Pradesh, India, 244921.
Phone: +91 9837008895
E-mail: info@solvexedibles.in
Solvex Edibles IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares Offered |
1,31,200 (5.01%) |
|
NII (HNI) Shares Offered |
12,44,800 (47.50%) |
|
Retail Shares Offered |
12,44,800 (47.50%) |
|
Total Shares Offered |
26,20,800 (100.00%) |
Solvex Edibles IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Individual investors (Retail) (Min) |
2 |
3,200 |
₹2,30,400 |
|
Individual investors (Retail) (Max) |
2 |
3,200 |
₹2,30,400 |
|
HNI (Min) |
3 |
4,800 |
₹3,45,600 |
Solvex Edibles IPO Promoter Holding
Mr. Ashish Goel, Mr. Vishal Goel, Mrs. Rashika Gupta and Mr. Brij Bhushan Goel are the promoters of the company
|
Share Holding Pre-Issue |
100% |
|
Share Holding Post Issue  |
70.72% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Solvex Edibles IPO
|
KPI |
Value |
|
RoCE (%) |
29.07 |
|
RoE (%) |
17.08 |
|
RoNW (%) |
15.02 |
|
PAT Margin (%) |
3.80 |
|
EBITDA Margin (%) |
7.98 |
Solvex Edibles IPO Prospectus
Solvex Edibles IPO Registrar and Lead Managers
Solvex Edibles IPO Lead Managers
- Corporate Makers Capital Ltd
Registrar for Solvex Edibles IPO
Maashitla Securities Pvt Ltd
- Phone: +91-11-45121795-96
- Email: ipo@maashitla.com
- Website: https://maashitla.com/allotment-status/public-issues
Financial Performance of Solvex Edibles Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
|---|---|---|
| Revenue from Operations (₹ lakh) | 7,470.61 | 7,127.43 |
| Total Income (₹ lakh) | 7,471.66 | 7,132.53 |
| EBITDA (₹ lakh) | 596.01 | 286.00 |
| Net Profit / Loss After Tax (₹ lakh) | 283.86 | 98.99 |
| PAT Margin (%) | 3.80 | 1.39 |
| Return on Equity (RoE) (%) | 17.08 | 10.88 |
Know before investing
Strengths
8Offers a wide range of edible oils and by-products, ensuring product diversification.
Proximity to rice mills and mustard processing units ensures abundant raw material supply.
Competitive raw material prices allow the company to price its finished products aggressively.
Experienced promoters and management team with strong expertise in the edible oil industry.
Plans to expand customer base by strengthening existing relationships and adding new ones.
Growing presence across multiple states with opportunities to capture a larger domestic market.
Continuous focus on maintaining quality standards builds long-term customer trust.
Investments in process improvements, technology, and workforce skills enhance operational efficiency.
Risks
8High dependence on a limited number of customers, with the top 10 contributing over 40% of revenues, increases business vulnerability.
Significant reliance on Rice Bran Oil sales, making the company exposed to fluctuations in demand and production.
Ongoing litigation proceedings against the company, subsidiaries, promoters, or directors may negatively impact reputation and financial stability.
A large portion of revenue comes from De-Oiled Rice Bran (DORB), and any decline in demand could adversely affect operations.
Dependence on manufacturing facilities means any shutdowns or accidents could disrupt operations and financial performance.
History of negative cash flows raises concerns about future liquidity and operational sustainability.
Lack of long-term supply agreements for raw materials like rice bran exposes the company to price volatility and shortages.
Seasonal variations in raw material availability may cause fluctuations in production and profitability.
Solvex Edibles Limited Peer Comparison
| Company | Total Income (₹ in lakh) (March 31, 2025) | Basic EPS (₹) | P/E Ratio | Return on Net Worth (%) |
|---|---|---|---|---|
| Solvex Edibles Limited | 7,470.61 | 4.36 | 16.52 | 15.02 |
| Ramdevbaba Solvent Limited | 92,843.18 | 6.88 | 18.44 | 9.92 |
| MK Proteins Limited | 26,770.60 | 0.22 | 30.50 | 12.09 |
