Solvex Edibles IPO: Price Band, Analysis, Allotment And GMP

Solvex Edibles IPO - Company Analysis

Solvex Edibles IPO, a SME IPO,is a fixed price issue of about 26.20 lac shares (Rs. 18.87 Cr) by Solvex Edibles Ltd., a company that was founded in 2013 and operates in the FMCG and edible oil refining industries.

The company primarily produces mustard oil and rice bran oil at its refinery plant, which occupies 8,250 square meters and 2,350 square meters of land and has a 60 TPD processing capacity. The business positions itself as a rising FMCG player in edible oils by emphasizing ethical business processes, high-quality benchmark products, and customer happiness.

 

Portfolio of Products:

• De Oiled Mustard / Rapeseed cakes (DOC).

• De Oiled Rice Bran (DORB).

• Crude Rice Bran Oil.

 

Solvex Edibles IPO Details

The Solvex IPO open date is from Sep 22 to Sep 24, with IPO allotment on Sep 25, refund initiation on Sep 26, 2025.

The Rs. 18.87 Cr IPO comprises a wholly fresh issue of 0.26 crore shares.

The Solvex Edibles IPO listing date might be on Monday, 29 September 2025, and it will be listed at the BSE and SME. The Solvex Edibles IPO price is Rs. 72 for each Share.

Events	Date
IPO Opening Date	Sep 22, 2025
IPO Closing Date	Sep 24, 2025
IPO Allotment Date	Sep 25, 2025
Refund Initiation	Sep 26, 2025
Tentative IPO Listing Date	Sep 29, 2025

 

If you want to apply for the IPO, click to open a Demat Account.

Company Financial 

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024
Total Assets	92.05	89.36
Total Revenue	136.46	71.94
PAT	4.09	1.01
EBITDA	11.19	3.02
Net Worth	20.17	14.36
Total Borrowing	57.94	55.66

 

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	(124.72)	(390.31)	64.16
Net Cash Flow Investing Activities	(0.45)	(943.03)	(31.98)
Net Cash Flow Financing Activities	132.80	1,331.16	(79.08)

 

Revenue Bifurcation 

Product-wise Breakdown

Product	FY25	%	FY24	%
Rice Bran Oil	4,819.33	35.58%	2,981.55	41.48%
De-oiled Mustard Cake	566.13	4.18%	6.38	0.09%
De-oiled Rice Bran	6,924.99	51.12%	4,073.73	56.67%
Rice Bran	3.19	0.02%	5.65	0.08%
Gums	3.10	0.02%	0.00	0.00%
Rice Bran Refined Oil	1,099.10	8.11%	84.06	1.17%
Rice Bran Residue Wax	7.49	0.06%	1.26	0.02%
Spent Earth	17.79	0.13%	4.77	0.07%
Refined Mustard Oil	44.55	0.33%	0.00	0.00%
Mustard Oil	60.49	0.45%	27.84	0.39%
Mustard Cake	0.00	0.00%	3.32	0.05%
Total Revenue	13,546.15	100%	7,188.56	100%

(Source - RHP)

 

The Objective of The Issue

• Capital Expenditure for new Plant & Machinery – Rs. 830.99 Lac

• Repayment / Prepayment of certain borrowings – Rs. 590 Lac

• General Corporate Purposes – Rs. 278.99 Lac.

Click to check the IPO application status.

Listed Peers of Solvex Edibles Ltd.

Company	Face Value	EPS (Rs.)	P/E (x)
Solvex Edibles Ltd.	10	4.36	16.52
Ramdevbaba Solvent Ltd.	10	6.88	18.44
MK Proteins Ltd.	1	0.22	30.50

Valuation

Metric	Value
ROE	23.69%
ROCE	24.51%
RoNW	20.28%
PAT Margin	3.02%
EBITDA	8.26%
Price to Book Value	2.56

 

Evaluation of P/E Ratio

The IPO P/E is 16.52x at an EPS of Rs. 4.36 (FY25), whereas the peer average is over 24x.  It looks like the prices are fair and reasonable.

Explore the Ivalue Infosolutions IPO.

IPO's Strengths 

• Robust EBITDA and PAT growth (CAGRs of 51% and 103% in 3 years, respectively).

• In FY25, the PAT margin increased from 0.36% in FY23 to 3.80%.

• 60 TPD capacity, well-equipped refinery facility.

• Knowledgeable promotional group that prioritizes moral behavior and high standards.

 

 

IPO’s Weaknesses

• High reliance on mustard oil and rice bran alone.

• With consolidated borrowings of about Rs. 57.9 Cr in FY25, debt levels are still high.

• Susceptible to changes in the cost of agri-based raw materials.

• Since it's an SME IPO, trading volume and liquidity can stay modest after listing.
  
  

Solvex Edibles IPO GMP 

Solvex Edibles IPO GMP today has not started yet as of 19 Sep 2025, while writing this information.

Solvex Edibles Limited IPO Summary

The Solvex IPO has a market maker portion size of 1,31,200 Shares (Rs. 0.94 Cr).

IPO Opening & Closing Date	Sep 22, 2025 to Sep 24, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 72
Lot Size	1600 Shares
Issue Size	26,20,800 Shares (Rs. 18.87 Cr)
Offer for Sale	-
Fresh Issue	26,20,800 Shares (Rs. 18.87 Cr)
Listing At	BSE, SME
Issue Type	Fixed Price IPO
Registrar	Maashitla Securities Pvt.Ltd

 

 

Solvex Edibles IPO Lot Size

The IPO allows retail investors to invest in a min. and max. of 2 Lots (3200 Shares) amounting to Rs. 230400, while for HNI investors, the minimum Lot is 3 Lots (4800 Shares) amounting to Rs. 3,45,600.

Minimum Lot Investment (Retail)	2 Lot
Maximum Lot Investment (Retail)	2 Lots
HNI (Minimum)	3 Lots

 

Solvex Edibles IPO Allotment Status

To check the Solvex Edibles IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Solvex Edibles Ltd.

• Ashish Goel

• Vishal Goel

• Rashika Gupta

• Brij Bhushan Goel

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	70.72%

 

Solvex Edibles IPO Lead Managers

• Corporate Makers Capital Ltd.

 

 

Dividend Policy

The company has no formal dividend policy.

Conclusion

An opportunity to participate in a rapidly expanding edible oil firm with rising margins and a robust compound annual growth rate is presented by the Solvex Edibles IPO. Although the IPO's price is competitive, there are still issues related to the reliance on raw materials and the liquidity of SME listings.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.