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Solvex Edibles IPO
Solvex Edibles IPO is a fixed-price issue aggregating ₹18.87 crore, with all proceeds going to the company. The IPO opens on September 22 and closes on September 24, 2025. Investors must apply for a minimum of 1,600 shares. The basis of allotment will be finalised on September 25, with refund or share credits processed on September 26 and planned listing on BSE SME around September 29, 2025.
Company Background
Incorporated in 2013, Solvex Edibles Ltd. is engaged in manufacturing, marketing and selling solvent-extracted rice bran oil and related by-products such as de-oiled rice bran cake, mustard oil, mustard cake and de-oiled mustard cake. The manufacturing facility is located at Kemri, Bilaspur, Uttar Pradesh, with modern technologies supporting an extraction capacity of about 200 tonnes per day. The company focuses on sustainable production of edible oils and animal feed ingredients, supplying across 18 Indian states with compliance with quality and environmental norms. Solvex Edibles is part of a well-established agri-business ecosystem contributing to India’s edible oil sector.
Operations And Product Range
Facility And Production
Solvex operates a fully integrated processing plant equipped with solvent extraction technology for producing refined edible oils. The facility includes extraction, refinement, packaging and quality control divisions, ensuring consistent product quality meeting domestic and export standards. The company produces solvent-extracted rice bran oil, mustard oil and associated oil cakes used as cattle, poultry and fish feed.
Brands And Market Presence
The company markets its products under the Solvex brand, known for purity and quality in edible oils and feed products. Solvex Edibles has a broad market presence across 18 states in India, serving both consumer segments and industrial buyers. The brand leverages certification compliance, product consistency and eco-friendly processing to maintain a competitive edge in the edible oils market.
Revenue Channels
- ⦁ Sale of solvent-extracted edible oils, including rice bran oil and mustard oil.
- ⦁ Export and domestic distribution of oil cakes and feed ingredients.
- ⦁ By-product sales as livestock and aquaculture feed, adding steady streams to revenue.
- ⦁ Potential growth from market demand for sustainable and quality oils.
Management And Shareholding
Promoters And Shareholding
The Solvex Edibles IPO is promoted by Sudarshan Saraogi and family members who hold majority equity stakes. The IPO is a fresh equity issue, widening the share base while maintaining promoter control post-listing.
Board Members
The Solvex Edibles IPO board consists of experienced individuals with expertise in edible oil manufacturing, agribusiness and corporate governance. The IPO process is supported by Corporate Makers Capital Ltd. as the lead manager and Maashitla Securities Pvt. Ltd. as registrar, ensuring a smooth transition to the public market.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Solvex Edibles IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Solvex Edibles IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 22, 2025 to September 24, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,20,800 shares (aggregating up to ₹18.87 Cr) |
| Reserved for Market Maker | 1,31,200 shares (aggregating up to ₹0.9446 Cr) JSK Securities & Services Pvt.Ltd. |
| Net Offered to Public | 24,89,600 shares (aggregating up to ₹17.93 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 63,31,170 shares |
| Share Holding Post Issue | 89,51,970 shares |
Solvex Edibles IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Sep 22, 2025 |
| IPO Close Date | Wed, Sep 24, 2025 |
| Tentative Allotment | Thu, Sep 25, 2025 |
| Initiation of Refunds | Fri, Sep 26, 2025 |
| Credit of Shares to Demat | Fri, Sep 26, 2025 |
| Tentative Listing Date | Mon, Sep 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 24, 2025 |
Solvex Edibles IPO Lot Size
| 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
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100.00% |
| Promoter Holding Post Issue | 70.72% |
Competitive Strength:
- ⦁ Integrated manufacturing with solvent extraction facilities, ensuring product quality.
- ⦁ Strong presence in rice bran and mustard oil segments aligned with growing consumer demand
- ⦁ Certified and compliant production with a focus on sustainability and by-product utilisation
- ⦁ Extensive distribution network across multiple Indian states.
- ⦁ Experienced promoter-managed enterprise with steady financial performance.
Solvex Edibles IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 92.05 | 136.46 | 4.09 | 20.17 | - | 57.94 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 89 | 72 | 1 | 14 | - | 56 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.69% |
| ROCE | 24.51% |
| RoNW | 20.28% |
| PAT Margin | 3.02% |
| EBITDA Margin | 8.26% |
| Price to Book Value | 2.56 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.46 | 5 |
| P/E (x) | 11.15 | 16 |
Objectives of Solvex Edibles IPO
- ⦁ Fund capital expenditure for acquiring new plant and machinery to increase manufacturing capacity.
- ⦁ Meet working capital requirements to support growing operations and sales volume.
- ⦁ General corporate purposes, including marketing and export promotion.
Conclusion
Solvex Edibles IPO offers an attractive IPO opportunity in the expanding edible oil and agri-feed products market. With a well-established manufacturing base, proven product quality and strong market presence, the IPO proceeds will enable capacity enhancement and business growth.
DRHP:
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Read More IPO ReviewsFrequently Asked Questions (FAQs)
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When does Solvex Edibles IPO open and close?
The IPO opens on September 22 and closes on September 24, 2025.
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What is the price and minimum application size?
The fixed price is ₹72 per share with a minimum application size of 1,600 shares.
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What is the issue size of Solvex Edibles IPO?
The IPO size is approximately ₹18.87 crore through fresh equity.
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Where will Solvex Edibles IPO list?
The shares will be listed on the BSE SME platform around September 29, 2025.
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What does the company produce?
Solvent-extracted rice bran oil, mustard oil and related oil cakes for feed.
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How will the Solvex Edibles IPO proceeds be used?
For capital expenditure, working capital and general corporate purposes
