214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Solvex Edibles IPO Review

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Solvex Edibles IPO Date
  • IPO Open Date:
    22 Sep 2025
  • IPO Close Date:
    24 Sep 2025
  • IPO Allotment Date:
    25 Sep 2025
  • Tentative Refund Date:
    26 Sep 2025
  • IPO Listing:
    29 Sep 2025
Check Solvex Edibles IPO GMP

Solvex Edibles IPO Overview

Sector Update

India is one of the largest producer of oilseeds in the world contributing about 5-6% of world oilseeds production. Estimated production of 39.59 million tons of nine cultivated oilseeds during the year 2023- 24 (November-October). Export of oil meals, oilseeds and minor oils was about 3.46 million tons in the financial year 2022-23 valued at Rs. 14,609 crores.

Growth drivers

Conversion of Technology Mission on Oilseeds in 1986 into National Mission on Oilseeds and Oil Palm (NMOOP) in 2014 and merger/ conversions or linkage of Schemes/ sub-Schemes/ programmes, etc.

Increase in Basic Custom Duty of various edible oils in order to support the domestic Oilseeds prices which is in line with the Government’s mission to increase production of Oilseeds.

Development of web based platform (evegoils.nic.in) in order to improve and systemize the data management system in the vegetable oil sector.

Financial Update:
(comparison of FY24 FY25 )
Revenue ₹71.89 cr ₹134.56 cr (+87.17%)
PAT ₹1.01 cr ₹5.91 cr (+485.15%)
PAT Margin 1.40 % 4.39 % (+213.57%)
EBITDA ₹3.06 cr ₹17.24 cr (+463.40%)
EBITDA Margin 4.26 % 12.81 % (+200.70%)
ROE 7.03 % 29.32 % (+317.07%)
ROCE 10.89 % 24.51 % (+125.07%)
D/E 3.88 2.87 (-26.03%)
Business Diversification

Currently, the company presence Pan India in more than 15 states and is planing to deepen its presence in the existing market and expand its reach and penetrate into the large available market by giving scale down low-price solution and grab major market share.

They are in the business of manufacturing, distribution, marketing and selling a wide range of products ranging from 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. 

IPO Valuation

PE Ratio: 15.76x Average Sector PE Ratio: 17.35x

Solvex Edibles IPO Reservation

Solvex Edibles IPO Share Allocation
NII (HNI) Shares Offered: 1244800
Retail Shares Offered: 1244800
Total Shares Offered: 2489600
Solvex Edibles IPO Lot Size
Application Lot Shares Amount
Individual investors (Retail) (Max) 2 3200 ₹230400
S-HNI (Min) 3 4800 ₹345600

Interesting facts about IPO

IPO Size: ₹ 18.87 Cr.

Avg IPO Size (Sector Based):

₹ 23.99 cr.

Sector: FMCG

SME IPO so far in this sector:

25

Merchant Banker: Corporate Makers

SME IPO by BRLM so far:

6


SME IPO so far in this city:

2

PE Ratio: 15.76

Average Sector PE Ratio:

17.35 X

Price Band (Upper): ₹ 72.00

Listing Price:

₹ [●]

Business Profile

Solvex Edibles is 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. Rice bran oil is the oil extracted from the hard outer brown layer of rice called ‘Bran’. They are selling Solvex Extracted Rice Bran Oil Deoiled Cakes - Rice Bran, Rice Bran, Mustared Oil, Mustard Cakes and Deoiled Mustared Cakes to various FMCG companies across India. They don’t manufacture, market and sell their products under their own brands. They also 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 in various states of India.

Strengths and Challenges as per DRHP

Strengths Image
  • 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
Strengths Image
WEAKNESSES Image
  • Revenues have been significantly dependent on few customers
  • Heavy dependence on Promoters and Key Managerial Personne for continued business growth 
Strengths Image
S
W

Comparison of Solvex Edibles IPO with some Listed peers/Listing Gains in the Similar sector

Select Listed IPO for Comparison:
Basis
Solvex Edibles IPO
vs
vs
vs

IPO Date
29th Sep 2025


IPO Size
₹ 18.87 Cr.

Total Assets
₹ 20.51 Cr.

Revenue
₹ 134.56 Cr.

PAT
₹ 5.91 Cr.

PAT Margin
4.39 %

Leverage Ratio
2.87 x

PE Multiple
15.76 x

EV/EBITDA
7.08 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

Solvex Edibles IPO Objectives (Objects of Offer) and expected Utilisation

To finance the Capital expenditure towards acquisition of new Plant and Machinery at existing plant of the Company
8

Repayment in full or in part, of certain of the outstanding borrowings
5

To meet General corporate purposes
2

Track Record of (Merchant Banker)/merchant Banker Report

Corporate Makers Capital Limited, based in New Delhi is the Lead Manager (BRLM) of Solvex Edibles IPO. Corporate Makers Capital Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Corporate Makers Capital Limited .

Read more details of this IPO

Peer Companies Of This Sector

FAQs

Solvex Edibles IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Solvex Edibles Financial Review Page

Solvex Edibles IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Solvex Edibles IPO listed at a listing price of against the offer price of 72.00.

The current market price of Solvex Edibles is .

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