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Solvex Edibles IPO
Solvex Edibles Ltd
₹1,15,200 /1600 sharesMinimum Investment
Solvex Edibles IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 22 Sep ‘25 - 24 Sep ‘25 | ₹2,30,400 | 1,600 | ₹72 - ₹72 |
| Issue Size | IPO Doc |
|---|---|
| 18.87Cr | RHP PDF |
About Solvex Edibles
Founded in
2013
Managing director
Mr. Ashish Goel
Parent organisation
Solvex Edibles Ltd
Strengths & Financials of Solvex Edibles
Strengths
Risks
Solvex Edibles offers a wide range of products, including rice bran oil, mustard oil, and various by-products like de-oiled cakes (rice bran and mustard). This diverse product portfolio differentiates the company from competitors and caters to a broad market.
The company’s manufacturing facility in Kemri, District Bilaspur, Uttar Pradesh, spans 12,140 square metres. The company claims that this strategic location allows it to efficiently supply and distribute its products across multiple states in India.
Uttar Pradesh, the second-largest rice-producing area in India, provides an abundant and cost-effective supply of rice bran. The company claims that this proximity to mills ensures a regular and competitive supply of raw materials, supporting smooth operations and cost-efficient production.
The company has witnessed a consistent increase in profit after tax (PAT). It increased from Rs 0.33 crore in FY23 to Rs 0.99 crore in FY24 and Rs 2.84 crore in FY25.
The top customer accounted for Rs 18.33 crore (13.53 percent) (consolidated) of the company’s revenue in FY25 and Rs 11.49 crore (15.99 percent) (consolidated) in FY24. Any failure to retain this key customer or a loss of business from them could adversely affect the company’s business and financial standing.
The company derives a significant portion of its revenue from the sale of rice bran oil. It accounted for Rs 24.97 crore (33.43 percent) (standalone) of the company’s revenue in FY25, Rs 30.30 crore (42.51 percent) (standalone) in FY24, and Rs 27.90 crore (29.99 percent) (standalone) in FY23. Any reduction in demand or in the production of such products could have an adverse effect on the company’s business, results of operations, and financial condition.
The company derives a significant portion of its revenue from Uttar Pradesh. It accounted for Rs 65.00 crore (87.01 percent) (standalone) of the company’s revenue in FY25, Rs 34.48 crore (48.38 percent) (standalone) in FY24, and Rs 54.78 crore (58.89 percent) (standalone) in FY23. Furthermore, the company’s manufacturing facility is located in the same region. This heavy reliance on a single state exposes the company to risks associated with economic fluctuations, competitive pressures, or demographic changes in Uttar Pradesh, any of which could significantly impact its revenue and overall financial performance.
The company derives a substantial portion of its revenue from DORB, a by-product of the manufacturing of rice bran oil. It accounted for Rs 48.81 crore (65.34 percent) (standalone) of the company’s revenue in FY25, Rs 40.54 crore (56.88 percent) in FY24, and Rs 37.80 crore (40.64 percent) in FY23. Any reduction in demand for this product could hurt the company’s business, results of operations, and financial condition.
The company reported negative cash flow from operating activities amounting to Rs 1.25 crore (standalone) in FY25 and Rs 3.90 crore (standalone) in FY24. This has primarily been due to an increase in trade receivables and inventory, and a decrease in trade payables. Additionally, negative cash flow from investing activities amounted to Rs 9.43 crore (standalone) in FY24 and Rs 0.32 crore (standalone) in FY23. This was due to an increase in non-current assets. The company also reported negative cash flow from financing activities amounting to Rs 0.79 crore (standalone) in FY23. This led to a decrease in net cash flow amounting to Rs 0.02 crore (standalone) in FY24 and Rs 0.47 crore (standalone) in FY23. Any continued negative cash flow could hurt the company’s financial conditions and its ability to fund operations and growth.
The company, its promoter, and subsidiary companies are involved in certain ongoing tax proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company had financial indebtedness of Rs 17.67 crore (standalone). Any failure to service or repay these loans can hurt the company’s operations and financial position.
Solvex Edibles Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Solvex Edibles IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹72 - 72 | ₹2 - 5 Lakh |
For Solvex Edibles IPO, eligible investors can apply as Individual investor.