Solvex Edibles IPO

About Solvex Edibles IPO

The offer consists of a fresh issue component. The fresh issue will include 26,20,800 shares (aggregating up to ₹18.87 crore). The total number of shares is 26,20,800 and aggregate amount is ₹18.87 crore.

Solvex Edibles Limited manufactures, distributes, markets, and sells solvent-extracted rice bran oil and other by-products such as de-oiled cakes (rice bran), rice bran and mustard oil, mustard cakes, and de-oiled mustard cakes. The company, based on their promoters' experience and standards, conforms to major specifications and customer requirements. They firmly believe in benchmark product quality, ethical business practices, and good corporate citizenship.

Objectives of Solvex Edibles IPO

• To finance the capital expenditure towards acquisition of new plant and machinery at the existing plant of the company.
  
• Repayment in full or in part, of certain of their outstanding borrowings.
  
• To meet general corporate purposes.
  

Industry Outlook

Oilseeds and edible oils are two of the most sensitive essential commodities. India is one of the largest producers of oilseeds in the world, and this sector occupies an important position in the agricultural economy, accounting for the estimated production of 3.96 crore tonnes of nine cultivated oilseeds during the year 2023-24 (November-October), as per the 3rd Advance Estimates released by the Ministry of Agriculture on 04.06.2024. India contributes about 5-6% of the world's oilseeds production. Exports of oil meals, oilseeds and minor oils were about 0.35 crore tonnes in the financial year 2022-23, valued at ₹14,609 crores.

To improve and systematise the data management system in the vegetable oil sector, the Directorate of Sugar & Vegetable Oils under the Department of Food and Public Distribution has developed a web-based platform (evegoils.nic.in) for the online submission of inputs by vegetable oil producers on a monthly basis. This has helped the government to take prompt and informed policy decisions for better management of the vegetable oil sector. The new system also provides transparency in data management for both the vegetable oil industry and the government's operations. The portal also provides a window for online registration and submission of monthly production returns.

Company Information

Solvex Edibles Limited operates in the 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 mustard oil, mustard cakes, and de-oiled mustard cakes. Rice bran oil is extracted from the hard outer brown layer of rice called bran. They sell solvent-extracted rice bran oil, de-oiled cakes (rice bran), rice bran, mustard oil, mustard cakes and de-oiled mustard cakes to various FMCG companies across India. They do not manufacture, market or sell products under their own brands. They also produce de-oiled cakes rice bran (DORB), a by-product of rice bran oil extraction, which they sell as cattle feed, poultry feed and fish feed in various Indian states.

Their manufacturing facility is located in Kemri, Bilaspur District, Uttar Pradesh, with a land area of 12,140 square metres, giving them strategic advantages for supply and distribution across India. Their solvent extraction plant has a processing capacity of 200 TPD (tonnes per day). The facility includes an extraction division enabling integrated production and processing of rice bran oil.

Currently, they sell products in 18 states: Uttar Pradesh, Maharashtra, Haryana, Delhi, Madhya Pradesh, Uttarakhand, West Bengal, Rajasthan, Punjab, Gujarat, Tamil Nadu, Karnataka, Bihar, Assam, Odisha, Chhattisgarh, Telangana and Andhra Pradesh.

Strengths of Solvex Edibles IPO

• Extensive array of products.
  
• Strategic location of their manufacturing facilities.
  
• Easy availability of raw material around their manufacturing facilities.
  
• Experienced promoters and senior management team.
  

Risks of Solvex Edibles IPO

• Any reduction in demand from consumers for De-Oiled Rice Bran (DORB).
  
• Any shutdown of operations of their manufacturing facilities.
  
• Dependence on the supply of large amounts of raw material such as rice bran.
  
• Unfavourable local weather patterns.
  
• Changes in technology may render their current technologies obsolete or require them to make substantial investments.
  

*Issue Price is considered as CMP. Source: All the financial information for listed industry peers mentioned above is on a standalone basis sourced from the Annual Reports/ Financial results of the peer companies uploaded on the NSE website for the year ended March 31, 2025. Information of our company is based on restated financial information. Solvex Edibles Limited - Prospectus 104 Notes: 1. The figures for our company are based on Restated Standalone Financial Statements for the year ended March 31, 2025. 2. P/E Ratio has been computed based on the closing market price of equity shares on the NSE on 8th September, 2025 divided by the Basic EPS. 3. RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as sum of share capital and reserves and surplus. 4. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. 5. The face value of Equity Shares of our Company is Rs. 10/- per Equity Share and the Issue price is 7.2 times the face value of equity share.

Anchor Investor Bidding Date: TBA

Registrar: Maashitla Securities Private Limited Book Running Lead Managers: Corporate Makers Capital Limited

Business Model

The company earns its revenue through the 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 mustard oil, mustard cakes, and de-oiled mustard cakes.

Company Growth Trajectory

(ON CONSOLIDATED BASIS) The total revenue of Solvex Edibles Limited increased by 89.70% to ₹136.46 crore for the financial year 2024-25 from ₹71.94 crore for the financial year 2023-24.

Their other income increased by 1795.44% to ₹1.00 crore for the financial year 2024-25 from ₹0.05 crore for the financial year 2023-24. This was mainly due to an increase in discounts and other income.

Their profit after tax increased by 304.87% to ₹4.09 crore for the financial year 2024-25 from ₹1.01 crore for the financial year 2023-24.

From FY 2022-23 to FY 2024-25, as per their restated financial statements, their company has shown the growth:

i) Their EBITDA has shown growth from ₹1.73 crore to ₹5.96 crore, representing a CAGR of 51.00%;
ii) Their EBITDA margin has increased from 1.86% in FY 2022-23 to 7.98% in FY 2024-25.

Company Market Position

Currently, the company has a presence in the states of Uttar Pradesh, Maharashtra, Haryana, Delhi, Madhya Pradesh, Uttarakhand, West Bengal, Rajasthan, Punjab, Gujarat, Telangana, Odisha, Chhattisgarh, Karnataka, Bihar, Assam, Andhra Pradesh and Tamil Nadu, and they plan to deepen their presence in the existing market and expand their reach and penetrate into the large available market by providing scaled-down, low-price solutions and grabbing a major market share.

As on 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹136.464 crores, ₹4.0898 crores, and ₹11.1937 crores, respectively.

How to check the allotment status of Solvex Edibles IPO?

1. Visit the Registrar's Website

To check the IPO allotment status for Solvex Edibles Limited IPO, visit the official website of Maashitla Securities Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'Solvex Edibles Limited' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your Solvex Edibles Limited IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Solvex Edibles Limited IPO allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your Solvex Edibles Limited IPO bid and allotment details will be displayed.

How to apply for Solvex Edibles IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.