Rampur (Uttar Pradesh) [India], September 22: Solvex Edibles Limited, a trusted name in India’s agri-business sector, has announced its Initial Public Offering (IPO) of up to 26,20,800 equity shares of face value ₹10 each on the BSE SME platform.
At Solvex Edibles, the focus has always been on delivering excellence in refined edible oils and high-quality by-products. The company combines modern technology with sustainable practices to produce solvent-extracted rice bran oil and allied products that meet global standards of purity and quality.
Company Background
Originally incorporated in Uttarakhand as Solvex Edibles Private Limited on September 23, 2013, the company was later converted into a public limited entity, adopting its current name Solvex Edibles Limited on September 30, 2024.
The company is engaged in the manufacturing, distribution, marketing, and sale of solvent-extracted rice bran oil and by-products such as:
- De-oiled Cakes (Rice Bran and Mustard)
- Rice Bran and Mustard Oil
- De-oiled Mustard Cakes
A key by-product, De-oiled Rice Bran (DORB), is widely used as cattle feed, poultry feed, and fish feed across various states of India.
With a strategically located manufacturing facility at Kemri, Bilaspur, Uttar Pradesh, spread over 12,140 sq. meters and equipped with a processing capacity of 200 TPD (Tonnes per Day), Solvex Edibles ensures efficient supply and distribution across 18 states, including Uttar Pradesh, Maharashtra, Haryana, Delhi, Gujarat, Tamil Nadu, and West Bengal.
Objects of the Issue
The net proceeds of the IPO will be utilized towards:
Acquisition of new plant and machinery at the existing facility (₹830.99 lakhs).
Prepayment or repayment of certain borrowings (₹590 lakhs).
General corporate purposes. (₹278.99 lakhs).
Financial Performance
Net Worth: ₹1,889.85 lakhs in FY 2024-25, from ₹386.12 lakhs in FY 2022-23.
Net Profit: Grew from ₹33.54 lakhs (FY 2022-23) to ₹283.86 lakhs (FY 2024-25).
Healthy operational growth driven by strong promoter experience and integrated facilities.
Promoter Shareholding
Pre-IPO, promoters hold 100% of the equity, with:
Mr. Ashish Goel – 29.56%
Mr. Vishal Goel – 29.68%
Mrs. Rashika Gupta – 37.07%
Mr. Brij Bhushan Goel – 2.26%
Leadership’s Vision
“This IPO represents a new chapter in our growth journey. The proceeds will help us strengthen infrastructure, reduce debt, and accelerate expansion across India. Our focus remains on benchmark product quality, ethical business practices, and sustainable growth,” said the promoters of Solvex Edibles Limited.
About Solvex Edibles Limited
Solvex Edibles is a leading manufacturer of edible oils and agri-based products, with a strong presence across 18 states in India. With modern technology, sustainable processes, and a dedicated promoter team, the company is committed to benchmark quality, transparency, and good corporate citizenship. https://solvexedibles.in/
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