olvex Edibles Limited is engaged in the business of manufacturing, distribution, marketing and selling of Solvent Extracted Rice Bran Oil and other by products such as De-oiled Cakes – Rice Bran, Rice Bran and Mustared Oil, Mustard Cakes, Deoiled Mustared Cakes.
The company supplies Solvex Extracted Rice Bran Oil Deoiled Cakes, Rice Bran, Mustard Oil, Mustard Cakes, and Deoiled Mustard Cakes to various FMCG companies across India. The company currently sells its products in 18 states.
The company manufactures Rice Bran Oil using solvent extraction from crude rice bran. The facility is located in Kemri, Bilaspur, Uttar Pradesh, covering 12,140 sq meters, enabling nationwide distribution.
With a processing capacity of 200 TPD, the plant includes an extraction division for integrated production and processing of Rice Bran Oil.
Product Portfolio:
- De Oiled Mustard / Rapeseed cakes (DOC): The company produces de-oiled Mustard/Rapeseed cakes during mustard oil extraction. These cakes are used as a valuable ingredient in cattle and poultry feed industries.
- De Oiled Rice Bran (DORB): The company produces de-oiled Rice Bran Cakes during rice bran oil extraction. With high nutritional value, these cakes are a sought-after ingredient in cattle, poultry, and fish feeds.
- Crude Rice Bran Oil: The company produces crude, edible-grade Rice Bran Oil through solvent extraction, which is sold to refineries for further processing and packaging as cooking oil.
As of 16th September, 2025, the company had 40 employees.
Solvex Edibles IPO – Details
| IPO Opening Date | 22 September 2025 |
| IPO Closing Date | 24 September 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 26,20,800 Shares Worth ₹18.67 Crore Fresh Issue: 49,44,000 Shares Worth ₹53.39 Crore Offer For Sale: 15,24,000 Shares Worth ₹16.46 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt.Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Solvex Edibles IPO – Date Schedule
| IPO Open Date | 22 September 2025 |
| IPO Close Date | 24 September 2025 |
| Basis of Allotment | 25 September 2025 |
| Initiation of Refund | 26 September 2025 |
| Credit of Shares to Demat | 26 September 2025 |
| IPO Listing Date | 29 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2025 |
Solvex Edibles IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,30,400 |
| Retail (Max) | 2 | 3,200 | ₹2,30,400 |
| HNI (Min) | 3 | 4,800 | ₹3,45,600 |
Competitive Strengths
- Extensive Array of Products.
- Strategic location of the Manufacturing Facilities.
- Easy availability of raw material around the Manufacturing Facilities.
- Experienced Promoters and senior management team.
Company Promoters
- Mr. Ashish Goel
- Mr. Vishal Goel
- Mrs. Rashika Gupta
- Mr. Brij Bhushan Goel
Company Financials
| Period | Total Revenue | Profit After Tax | Total Borrowings |
|---|---|---|---|
| 31 March 2024 | ₹71.94 Cr | ₹1.01 Cr | ₹55.66 Cr |
| 31 March 2025 | ₹136.46 Cr | ₹4.09 Cr | ₹57.94 Cr |
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 (₹) | 6.46 | 4.57 |
| P/E (x) | 11.15 | 15.76 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| 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. | ₹5.90 |
| To meet General corporate purposes. | ₹2.79 |
✅Strengths
- Diversified portfolio with Rice Bran Oil and DORB by-products.
- Additional revenue from DORB in cattle, poultry, and fish feed.
- Strategic Uttar Pradesh location for North India markets.
- Asset-light model serving FMCG companies.
- Rising demand for healthy oils like Rice Bran Oil.
⚠️Risks
- High dependence on few large customers.
- Revenue concentration in Rice Bran Oil and DORB.
- Single manufacturing facility in Uttar Pradesh.
- Raw material price volatility in rice bran and agri-commodities.
Solvex Edibles IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.72% |
Solvex Edibles IPO Prospectus
- Solvex Edibles IPO DRHP
- Solvex Edibles IPO RHP
Company Contact Information
| Solvex Edibles Ltd. Kemri Road, Rampur, Bikapur, Uttar Pradesh, 244921 Phone: +91-9837008895 Email: info@solvexedibles.in Website: http://www.solvexedibles.in/ |
Solvex Edibles IPO Registrar
| Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Solvex Edibles IPO Lead Manager(s)
| 1. Corporate Makers Capital Ltd. |
Solvex Edibles IPO FAQ
| What is Solvex Edibles IPO? Solvex Edibles IPO is an SME IPO. The issue is priced at ₹72 per equity share. The IPO is to be listed on BSE SME. |
| When Solvex Edibles IPO will open? The IPO is to open on 22 September 2025 for NII, and Retail Investors. |
| What is Solvex Edibles IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| What is the Solvex Edibles IPO Size? Solvex Edibles IPO size is ₹18.87 Crore. |
| What is Solvex Edibles IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3200 Shares with ₹2,30,400 amount, while the maximum bid is 3200 Shares with ₹2,30,400. |
| What is the Solvex Edibles IPO Allotment Date? Solvex Edibles IPO allotment date is 25 September 2025. |
| What is the Solvex Edibles IPO Listing Date? Solvex Edibles IPO listing date is 29 September 2025. The IPO is to be listed on the BSE SME. |
