SOLVEX EDIBLES IPO: Check GMP, price tire, issue -size and other details

Solvex Edibles, a up-based manufacturer of edible oil and by-products, will open his IPO on September 22. The IPO will be closed on 24 September, with allocations that are expected on 25 September and planned for September 29 on the BSE SME platform.

The IPO has a minimal application size of 1,600 shares. This translates into a retail investment stick of RS 2.3 Lakh, which is higher than many other SMEs.

Analysts note that gray market activity has so far been filled in, with premiums that float around 3%, which points to expectations of a modest list.

Company profile

Founded in 2013, Solvex Edibles with solvent-equipped rice sealing oil and a series of by-products, including de-oiled cakes of rice seams and mustard. These products are widely used in cattle, poultry and fish feed industry, while rough rice seal oil is sold to refineries for processing to packaged edible oils.

The facility of the company in Kemri, Bilaspur, Uttar Pradesh, has a capacity of 200 tons per day and covers 12,140 square meters. With easy access to raw materials in the surrounding areas, Solvex has been able to build a steadily delivery network. The products are sold to FMCG companies and food manufacturers in 18 Indian states.

Financial

Solvex has reported strong growth in recent years. Turnover almost doubled in FY25 to RS 136.5 Crore from RS 71.9 Crore in FY24. Profit after tax more than quadrupled to RS 4.1 CRORE of RS 1 Crore a year earlier.

Objects of the problem

The company plans to use RS 8.3 Crore from the proceeds to acquire new factory and machines from the existing unit. Another RS ​​5.9 Crore goes to partial repayment of loans, with the balance reserved for general business purposes.

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