Solvex Edibles Ltd IPO
Status: Closed
Overview
IPO date
22 Sept 2025 to 26 Sept 2025
Face value
₹ 10 per share
Price
₹ 72 to ₹72 per share
Issue Size
2,620,800 shares
(aggregating up to ₹ 18.87 Cr)
(aggregating up to ₹ 18.87 Cr)
Allotment Date
29 Sept 2025
Listing at
NSE
Issue type
Fixed Price - SME
Sector
Edible Oil
Objectives of Solvex Edibles Ltd IPO
Solvex Edibles Ltd IPO Strategy
About Solvex Edibles Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Solvex Edibles Ltd
Know the pros & cons
Strengths
Management team having domain knowledge to scale up and expand into new opportunities.- Marquee client base and repeat orders.
- Smooth flow of operations.
- Customer oriented approach.
- Designing and execution capability.
Risks
- There are outstanding litigation proceedings involving the Company, its Subsidiary Companies, the company Promoters and/ or its Directors, an adverse outcome in which, may have an adverse impact on the company reputation, business, financial condition, results of operations and cash flows.
- The company revenues have been significantly dependent on few customers and its inability to maintain such business may have an adverse effect on the company results of operations.
- The company derive significant portion of its revenues from Rice Bran Oil and any reduction in demand or in the production of such products could have an adverse effect on its business, results of operations and financial condition.
- The company business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company revenue and results of operations.
- The company derive significant portion of its revenues from the sale of De-Oiled Rice Bran (DORB) and any reduction in demand from its consumers could have an adverse effect on the company business, results of operations and financial condition.
- The company business is dependent on its Manufacturing Facilities. Any shutdown of operations of the company Manufacturing Facilities may have an adverse effect on its business and results of operations.
- The company have experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
- In the event of any accident at the company Manufacturing Facilities, its Company may be held liable for damages and penalties which may impact the financials of the Company.
- The Company has availed certain unsecured loans which may be recalled at any time.
- There are certain discrepancies/errors noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013 during the last five years. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
- The company operations are dependent on the supply of large amounts of raw material such as rice bran. The company does not have long term agreements with suppliers for its raw materials and any increase in the cost of, or a shortfall in the availability of, such raw materials could have an adverse effect on the company business and results of operations, and seasonable variations could also result in fluctuations in its results of operations.
- Relevant copy of educational qualification of the company promoters are not traceable.
- One of WOS (Wholly owned Subsidiary) of the Company namely Golden Pearl Oil Products LLP may incur penalties or liabilities for non-registration of lease agreement for the registered office.
- The company lenders have charge over its movable properties in respect of finance availed by the company.
- Conflicts of interest may arise out of common business undertaken by the Company and its promoter Group Entities.
- The company results of operations and cash flows could be adversely affected, if its are unable to collect the company dues and receivables from, or invoice its unbilled services to, the company clients.
- The company products are in the nature of commodities, and their prices are subject to fluctuations that may affect its profitability.
- The company business may expose its to potential product liability claims and recalls, which could adversely affect the company results of operation, goodwill and the marketability of its products.
- The company continued operations are critical to its business and are subject to operating risks such as breakdown or failure of machinery, disruption to power sources or any temporary shutdown of the company manufacturing facilities, in the event of which, its business, results of operations, financial condition and cash flows can be adversely affected.
- Under-utilization of the company manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company business, future prospects and future financial performance.
- The company proposed capacity expansion plans relating to its manufacturing facility are subject to the risk of unanticipated delays in implementation and cost overruns.
- The company continued operations are critical to its business and are subject to operating risks such as breakdown or failure of machinery, disruption to power sources or any temporary shutdown of the company manufacturing facilities, in the event of which, its business, results of operations, financial condition and cash flows can be adversely affected.
- The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Negative publicity could adversely affect the company revenue model and profitability of its Company.
- Fraud, theft, employee negligence or similar incidents may adversely affect the company results of operations and financial condition.
- Unfavourable local weather patterns may have an adverse effect on the company business, results of operations and financial condition.
- Failure to identify and effectively respond to changing consumer preferences and spending patterns in a timely manner, may adversely affect the demand for the company products, causing its business, results of operations, financial condition and cash flows.
- The company inability to respond adequately to increased competition may adversely affect its business, financial condition and results of operations.
- The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements. The company are yet to place orders for such capital expenditure machinery.
- The company may not be able to compete effectively with its competitors across the company product portfolio, which may have an adverse impact on its business, financial condition, results of operations and future prospects
- In the event the company fail to obtain, maintain or renew its statutory and regulatory licenses, permits and approvals required to operate the company business operations, its business and results of operations may be adversely affected.
- The company operations are subject to evolving health, safety and environmental laws and regulatory standards.
- The company Corporate logo and WordMark is not yet registered. If its fail to obtain trademark registration the company brand building efforts may be hampered which might lead to adverse effect on its business.
- The company are heavily dependent on its Promoters and Key Managerial Personnel for the continued success of the company business through their continuing services and strategic guidance and support.
- The company Promoters, Directors and Key Management Personnel have interest in its Company, other than reimbursement of expenses incurred or remuneration.
- The company have entered into and may continue to enter into related party transactions and there can be no assurance that such transactions have been on favourable terms.
- The company are subject to the restrictive covenants of banks in respect of the Loans/ Credit Limits and other banking facilities availed from them.
- Information relating to the company production capacities and the historical capacity utilization of its production facilities included in this Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
- If the company are unable to source business opportunities effectively, its may not achieve the company financial objectives.
- If the company fail to maintain its reputation, the company clients' recognition of, and trust in its , and the company business may be materially and adversely affected.
- Changes in technology may render the company current technologies obsolete or require its to make substantial investments.
- The Company is dependent on third party transportation providers for the delivery of its input materials and products and any disruption in their operations or a decrease in the quality of their services could affect the Company's reputation and results of operations.
- The company have taken guarantees from its Promoters in relation to debt facilities provided to the company.
- The company inability to accurately forecast demand for its products, and accordingly manage the company inventory, may have an adverse effect on its business, cash flows, financial condition and results of operations.
- The average cost of acquisition of Equity Shares by the company Promoter may be less than the Issue Price.
- The company insurance coverage may not adequately protect its against certain operating risks and this may have an adverse effect on the results of the company business.
- The company have not made any dividend payments in the past and its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in the company financing arrangements.
- The company inability to manage growth could disrupt its business and reduce profitability. The company business strategy is to continuously grow by expanding the size and geographical scope of its businesses.
- The company promoter and promoter group will continue to retain significant control over its Company after the IPO.
- Certain key performance indicators for certain listed industry peers included in this Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The Objects of the Issue for which funds are being raised, are based on the company management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- The company have not independently verified certain data in this Prospectus.
- Any future issue of Equity Shares may dilute your shareholding and sales of the company Equity Shares by its Promoters or other major shareholders may adversely affect the trading price of the Equity Shares.
- You may be subject to Indian taxes arising out of capital gains on the sale of the company Equity Shares.
Solvex Edibles Ltd Peer Comparison
Understand the company’s industry standing
Solvex Edibles Limited
Ramdevba ba Solvent Limited
M K Proteins Limited
Face Value
10
10
1
Standalone / Consolidated
Standalone
standalone
Standalone
Total Income Rs. Cr.
71.2743
686.4404
245.5711
EPS-Basis
1.95
8.6
0.3
EPS-Diluted
---
---
---
NAV Per Share
28.15
44.88
1.62
P/E-Basic EPS
---
13.24
23.57
P/E-Diluted EPS
---
---
---
RONW(%)
6.91
17.91
18.47
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Solvex Edibles Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT Analysis
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details Here
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 22 Sept 2025 & closes on 26 Sept 2025.
Solvex Edibles Limited was originally incorporated at Uttarakhand as 'Solvex Edibles Private Limited' on 23rd September, 2013 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Uttarakhand. Consequent upon the conversion of Company to public limited, the name of the Company was changed to 'Solvex Edibles Limited' vide fresh certificate of incorporation dated 30 September, 2024 issued by the Central Processing Centre, Manesar, Gurugram, Haryana.
The Company started its business operations in 2013. At present, Company is in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil and other by products such as De-oiled Cakes - Rice Bran, Rice Bran and Mustared Oil, Mustard Cakes, Deoiled Mustared Cakes. We manufacture and sell Rice Bran Oil Deoiled Cakes - Rice Bran, Rice Bran, Mustared Oil, Mustard Cakes and Deoiled Mustared Cakes to FMCG companies. Also it produce De-oiled Cakes Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil and sell the same as cattle feed, poultry feed and fish feed.
The Company has a product portfolio ranging from Rice Bran Oil and other by products such as De-oiled Cakes - Rice Bran, Rice Bran and Mustared Oil, Mustard Cakes, Deoiled Mustared Cakes. It has manufacturing plant in Bilaspur district of Uttar Pradesh. The Company has acquired 100% of Partners Capital of Golden Pearl Oil Products LLP, and 100% equity stake in Shree Oils and Fats (i) Pvt Ltd, making it as wholly owned subsidiary in 2024.
The Company made a fresh issue of 26,20,800 equity shares of Rs 10 and raised funds of Rs 18.87 crores in September, 2025.
Solvex Edibles Ltd IPO will close on 26 Sept 2025.
- Management team having domain knowledge to scale up and expand into new opportunities.
- Marquee client base and repeat orders.
- Smooth flow of operations.
- Customer oriented approach.
- Designing and execution capability.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Ashish Goel | 1871529 | 29.56 | 1871529 | 20.91 |
| 2 | Vishal Goel | 1879359 | 29.68 | 1879359 | 20.99 |
| 3 | Rashika Gupta | 2346954 | 37.07 | 2346954 | 26.22 |
| 4 | Brij Bhushan Goel | 143325 | 2.26 | 143325 | 1.6 |
| 5 | Tanvi Goel | 1 | --- | 1 | --- |
| 6 | Suniti Goel | 1 | --- | 1 | --- |
| 7 | Rohit Gupta | 90001 | 1.42 | 90001 | 1.01 |
- There are outstanding litigation proceedings involving the Company, its Subsidiary Companies, the company Promoters and/ or its Directors, an adverse outcome in which, may have an adverse impact on the company reputation, business, financial condition, results of operations and cash flows.
- The company revenues have been significantly dependent on few customers and its inability to maintain such business may have an adverse effect on the company results of operations.
- The company derive significant portion of its revenues from Rice Bran Oil and any reduction in demand or in the production of such products could have an adverse effect on its business, results of operations and financial condition.
- The company business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company revenue and results of operations.
- The company derive significant portion of its revenues from the sale of De-Oiled Rice Bran (DORB) and any reduction in demand from its consumers could have an adverse effect on the company business, results of operations and financial condition.
- The company business is dependent on its Manufacturing Facilities. Any shutdown of operations of the company Manufacturing Facilities may have an adverse effect on its business and results of operations.
- The company have experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
- In the event of any accident at the company Manufacturing Facilities, its Company may be held liable for damages and penalties which may impact the financials of the Company.
- The Company has availed certain unsecured loans which may be recalled at any time.
- There are certain discrepancies/errors noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013 during the last five years. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
- The company operations are dependent on the supply of large amounts of raw material such as rice bran. The company does not have long term agreements with suppliers for its raw materials and any increase in the cost of, or a shortfall in the availability of, such raw materials could have an adverse effect on the company business and results of operations, and seasonable variations could also result in fluctuations in its results of operations.
- Relevant copy of educational qualification of the company promoters are not traceable.
- One of WOS (Wholly owned Subsidiary) of the Company namely Golden Pearl Oil Products LLP may incur penalties or liabilities for non-registration of lease agreement for the registered office.
- The company lenders have charge over its movable properties in respect of finance availed by the company.
- Conflicts of interest may arise out of common business undertaken by the Company and its promoter Group Entities.
- The company results of operations and cash flows could be adversely affected, if its are unable to collect the company dues and receivables from, or invoice its unbilled services to, the company clients.
- The company products are in the nature of commodities, and their prices are subject to fluctuations that may affect its profitability.
- The company business may expose its to potential product liability claims and recalls, which could adversely affect the company results of operation, goodwill and the marketability of its products.
- The company continued operations are critical to its business and are subject to operating risks such as breakdown or failure of machinery, disruption to power sources or any temporary shutdown of the company manufacturing facilities, in the event of which, its business, results of operations, financial condition and cash flows can be adversely affected.
- Under-utilization of the company manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company business, future prospects and future financial performance.
- The company proposed capacity expansion plans relating to its manufacturing facility are subject to the risk of unanticipated delays in implementation and cost overruns.
- The company continued operations are critical to its business and are subject to operating risks such as breakdown or failure of machinery, disruption to power sources or any temporary shutdown of the company manufacturing facilities, in the event of which, its business, results of operations, financial condition and cash flows can be adversely affected.
- The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Negative publicity could adversely affect the company revenue model and profitability of its Company.
- Fraud, theft, employee negligence or similar incidents may adversely affect the company results of operations and financial condition.
- Unfavourable local weather patterns may have an adverse effect on the company business, results of operations and financial condition.
- Failure to identify and effectively respond to changing consumer preferences and spending patterns in a timely manner, may adversely affect the demand for the company products, causing its business, results of operations, financial condition and cash flows.
- The company inability to respond adequately to increased competition may adversely affect its business, financial condition and results of operations.
- The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements. The company are yet to place orders for such capital expenditure machinery.
- The company may not be able to compete effectively with its competitors across the company product portfolio, which may have an adverse impact on its business, financial condition, results of operations and future prospects
- In the event the company fail to obtain, maintain or renew its statutory and regulatory licenses, permits and approvals required to operate the company business operations, its business and results of operations may be adversely affected.
- The company operations are subject to evolving health, safety and environmental laws and regulatory standards.
- The company Corporate logo and WordMark is not yet registered. If its fail to obtain trademark registration the company brand building efforts may be hampered which might lead to adverse effect on its business.
- The company are heavily dependent on its Promoters and Key Managerial Personnel for the continued success of the company business through their continuing services and strategic guidance and support.
- The company Promoters, Directors and Key Management Personnel have interest in its Company, other than reimbursement of expenses incurred or remuneration.
- The company have entered into and may continue to enter into related party transactions and there can be no assurance that such transactions have been on favourable terms.
- The company are subject to the restrictive covenants of banks in respect of the Loans/ Credit Limits and other banking facilities availed from them.
- Information relating to the company production capacities and the historical capacity utilization of its production facilities included in this Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
- If the company are unable to source business opportunities effectively, its may not achieve the company financial objectives.
- If the company fail to maintain its reputation, the company clients' recognition of, and trust in its , and the company business may be materially and adversely affected.
- Changes in technology may render the company current technologies obsolete or require its to make substantial investments.
- The Company is dependent on third party transportation providers for the delivery of its input materials and products and any disruption in their operations or a decrease in the quality of their services could affect the Company's reputation and results of operations.
- The company have taken guarantees from its Promoters in relation to debt facilities provided to the company.
- The company inability to accurately forecast demand for its products, and accordingly manage the company inventory, may have an adverse effect on its business, cash flows, financial condition and results of operations.
- The average cost of acquisition of Equity Shares by the company Promoter may be less than the Issue Price.
- The company insurance coverage may not adequately protect its against certain operating risks and this may have an adverse effect on the results of the company business.
- The company have not made any dividend payments in the past and its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in the company financing arrangements.
- The company inability to manage growth could disrupt its business and reduce profitability. The company business strategy is to continuously grow by expanding the size and geographical scope of its businesses.
- The company promoter and promoter group will continue to retain significant control over its Company after the IPO.
- Certain key performance indicators for certain listed industry peers included in this Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The Objects of the Issue for which funds are being raised, are based on the company management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- The company have not independently verified certain data in this Prospectus.
- Any future issue of Equity Shares may dilute your shareholding and sales of the company Equity Shares by its Promoters or other major shareholders may adversely affect the trading price of the Equity Shares.
- You may be subject to Indian taxes arising out of capital gains on the sale of the company Equity Shares.
The Issue type of Solvex Edibles Ltd is Fixed Price - SME.
The minimum application for shares of Solvex Edibles Ltd is 3200.
The total shares issue of Solvex Edibles Ltd is 2620800.
Initial public offer of up to 26,20,800 equity shares of face value of Rs. 10/- each ("Equity Shares") of Solvex Edibles Limited ("Company" or the "Issuer") for cash at a price of Rs. 72.00/- per equity share including a share premium of Rs. 62.00/- per equity share (the "Issue Price") aggregating to Rs. 18.87 crores ("the Issue") of which up to 1,31,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 72.00/- per equity share including a share premium of Rs. 62.00/- per equity share aggregating to Rs. 0.94 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e net issue of 24,89,600 equity shares of face value of Rs. 10/- each at a price of Rs. 72.00/- per equity share including a share premium of Rs. 62.00/- per equity share aggregating to Rs. 1,7.93 crores (the "Net Issue"). The issue and the net issue will constitute up to 29.28% and 27.81% respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 72/- for equity share of face value of Rs. 10 each.
The floor price is 7.20 times times the face value and cap price of the face value of the equity shares.
Bids can made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.