Key IPO Dates
| Anchor Investor Subscription | |
| IPO opens on | 22 Sept. 2025 |
| IPO Closes on | 24 Sept. 2025 |
| Allotment on | 25 Sept, 2025 |
| Credit of shares on | 26 Sept. 2025 |
| Tentative Listing on | 29 Sept. 2025 |
X
Business
Incorporated in 2013, Solvex Edibles Limited is engaged in manufacturing, distribution, marketing, and selling of Solvent Extracted Rice Bran Oil and by-products such as De-oiled Rice Bran Cakes, Mustard Oil, Mustard Cakes, and De-oiled Mustard Cakes.
The company caters to various FMCG players across India and currently has a presence in 18 states. Its plant, located at Kemri, Bilaspur (U.P.), is spread over 12,140 sq. meters with a processing capacity of 200 TPD, enabling large-scale integrated production. The facility houses an extraction division for rice bran oil and mustard oil, ensuring efficient operations.
Its key products include de-oiled mustard/rapeseed cakes used in cattle and poultry feed, de-oiled rice bran cakes (DORB) used in cattle, poultry, and fish feed, and crude rice bran oil, which is supplied to refineries for further processing as edible cooking oil. The company emphasizes quality production and a diversified product base to serve the growing edible oil and feed industry
IPO Details
| IPO opens on | 22 September 2025 |
| IPO closes on | 24 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 26,20,800 Shares / Rs 18.87 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 131,200 Shares |
| Net offer to Public | 24,89,600 Shares Rs. 17.93 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 72 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
How shares are being offered
| 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%) |
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | 2 | 3,200 | 2,30,400 |
| Retail (Max) | 2 | 3,200 | 2,30,400 |
| HNI (Min) | 3 | 4,800 | 3,45,600 |
Promoters
The promoters hold 100% of the pre-IPO capital
Objects of the IPO
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
| Objects of the Issue | To be Utilised (Rs in crores) |
| To finance the Capital expenditure towards acquisition of new Plant and Machinery at existing plant of the Company | 8.31 |
| Repayment in full or in part, of certain of the outstanding borrowings | 5.9 |
| To meet General corporate purposes | 2.79 |
| Registered Office of the Company |
| Solvex Edibles Ltd. Kemri Road, Rampur, Bikapur, Uttar Pradesh, 244921 |
| Email: info@solvexedibles.in |
| Lead Manager of the IPO |
| Corporate Makers Capital ltd |
| Who is the Registrar to the IPO? Maashitla Securities Pvt ltd |
Financials Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 |
| Assets | 92.05 | 89.36 |
| Total Income | 136.46 | 71.94 |
| Profit After Tax | 4.09 | 1.01 |
| EBITDA | 11.19 | 3.02 |
| NET Worth | 20.17 | 14.36 |
| Reserves and Surplus | 13.84 | 10.94 |
| Total Borrowing | 57.94 | 55.66 |
| Amount in Rs. Crore | ||
Key Financial Indicators
| 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 |
| EPS | 6.46 |
| PER | 11.15 |
Peer Comparison
| Company Name | P/E (x) | RoNW (%) |
| Solvex Edibles Limited | 16.52 | 15.02 |
| Ramdevbaba Solvent | 18.44 | 9.92 |
| MK Proteins Limited | 30.5 | 12.09 |
IPO Concise Review
by Paresh Gordhandas, Chartered Accountant & Research Analyst
Solvex Edibles Limited, engaged in manufacturing solvent-extracted rice bran oil and by-products, has posted strong financial growth in FY25 with income rising to Rs. 136.46 crore (from Rs. 71.94 crore in FY24) and PAT improving to Rs. 4.09 crore (from Rs. 1.01 crore). EBITDA margins have also strengthened, while net worth increased to Rs. 20.17 crore. However, borrowings remain elevated at Rs. 57.94 crore, which puts pressure on the balance sheet.
While the business model is stable and demand visibility for edible oils and feed products is high, the high debt levels and modest profit base raise concerns. Considering valuation and financial risk, investors may adopt a selective approach—risk-tolerant investors can consider applying for listing gains, while conservative investors may prefer to avoid.
Quicklinks
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