- NEGATIVE
Annual Revenue Solvex Edibles Mar-2026 Annual Revenue is Rs 67 Cr which is growth of -10.4% YoY.
- NEGATIVE
Annual Net Profit Solvex Edibles Mar-2026 Annual Net Profit is Rs -0 Cr which is growth of -104.4% YoY.

Solvex Edibles was incorporated on 23 September, 2013. The company manufactures, distributes, and sells solvent-extracted rice bran oil and by-products like de-oiled cakes and mustard oil. These products are supplied to FMCG companies across India but not sold under the company’s own brand
| Bidding Dates |
|---|
| 22 Sep 2025 - 26 Sep 2025 |
| Subscription |
|---|
| 1.02x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹230,400 | 2 | 2 | 1600 | 2.6 M | ₹72 | 70.72 % | ₹188.7 M | RHP DOC |
Solvex Edibles IPO SUBSCRIPTION STATUS
26 Sep '25Solvex Edibles IPO overall subscription rate was 1.02 times the total available shares
Solvex Edibles IPO retail subscription rate was 0.69 times in the retail segment
Solvex Edibles IPO non-institutional investor subscription rate was 1.35 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 Sep 2025 (Day 4) | 0.69x | 1.35x | - |
24 Sep 2025 (Day 3) | 0.49x | 0.44x | - |
23 Sep 2025 (Day 2) | 0.2x | 0.33x | - |
22 Sep 2025 (Day 1) | 0.1x | 0.32x | - |
Solvex Edibles FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 135.5 | 4.1 | 1.4 | 1.3 | 8.3% |
| FY24 | 71.9 | 1.0 | -7.9 | -9.1 | 4.2% |
Solvex Edibles IPO SUBSCRIPTION STATUS DETAILS
Solvex Edibles had 2.6 M shares on offer
Solvex Edibles IPO offer price was ₹72
Solvex Edibles IPO minimum Investment was ₹230400
Solvex Edibles IPO issue size was ₹ 188.7 M
Solvex Edibles had a minimum lot size of 1600 Shares per application
Solvex Edibles NUMBER OF SHARES ON OFFER
Solvex Edibles IPO IMPORTANT DATES
| Issue Open Date | 22 Sep 2025 |
| Issue close Date | 26 Sep 2025 |
| Allotment Date | 29 Sep 2025 |
| Refund Date | 30 Sep 2025 |
| Demat Account Credit Date | 30 Sep 2025 |
| Listing Date | 01 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Solvex Edibles Allotment Status | Exchange/ Registrar |
Solvex Edibles IPO subscription opened on 22 Sep 2025, and closed on 26 Sep 2025
IPO allotment for Solvex Edibles was finalized on Monday, 29 Sep 2025
IPO listing for Solvex Edibles was on BSE on Wednesday, 01 Oct 2025
Solvex Edibles IPO LISTING GAINS
| Issue Price (adjusted) | 72.0 |
| Listing Open Price | 68.0 |
| Listing Close Price | 64.6 |
| Listing Gain% | -5.6% |
| Current Gain% | -73.4% |
Solvex Edibles Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solvex Edibles Ltd. | 19.1 | 17.1 | 241.2 | -2.5 | 0.1 | 0.2 | 0.1 | 154.8 | 13.4 | 0.1 | -98.3 | 0.1 | -98.3 |
| Patanjali Foods Ltd. | 371.4 | 40412.4 | 20.5 | 0.3 | 0.9 | 13.8 | 9.6 | 40347.8 | 17.7 | 1814.5 | 39.5 | 18.1 | 61.7 |
| AWL Agri Business Ltd. | 178.8 | 23231.8 | 20.1 | 30.4 | 0.3 | 10 | 4.2 | 75148.5 | 17.6 | 1042 | -14.9 | 8.9 | 0.7 |
| Gokul Agro Resources Ltd. | 215.2 | 6351.2 | 15.1 | 0.3 | 0.3 | 26 | 7.5 | 24116.7 | 23.1 | 369.4 | 50.4 | 14.3 | 59.2 |
| CIAN Agro Industries & Infrastructure Ltd. | 1113 | 3115 | 9.7 | 0 | 1.3 | 10.3 | 5.2 | 2279 | 116.3 | 222.7 | 441 | 115.1 | 245.4 |
| Sundrop Brands Ltd. | 750.8 | 2830.1 | 101.3 | 0.8 | 1.8 | 1.4 | 1.1 | 1552.2 | 72.2 | 20.1 | 118.3 | 7.4 | 126.4 |
Solvex Edibles annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
-10.5% | -0.9% | 66.9 | 74.7 | 71.3 | 93.2 | 92.8 | 70 | ||
Operating Exp. Ann. | -11% | -1.3% | 64.3 | 68.6 | 68.4 | 91.3 | 91.1 | 68.5 | |
Operating Profit Ann. | 10.1% | 11.4% | 2.4 | 6.1 | 2.9 | 1.8 | 1.5 | 1.4 | |
OPM Ann. % | 23.5% | 12.3% | 3.54% | 8.12% | 4.05% | 1.88% | 1.62% | 1.98% | |
-10.6% | -1% | 66.3 | 70.6 | 70 | 92.8 | 92.3 | 69.6 | ||
EBITDA Ann. | 11% | 11.6% | 2.6 | 6.1 | 2.9 | 1.9 | 1.7 | 1.5 | |
EBITDA Ann. margin % | 23.3% | 12.8% | 3.90% | 8.14% | 4.12% | 2.08% | 1.80% | 2.14% | |
Interest Ann. | 15.6% | 16.3% | 1.7 | 1.7 | 1.2 | 1.1 | 0.8 | 0.8 | |
Depr. | -9.1% | -5.6% | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.4 | |
PBT Ann. | 11.9% | 18.5% | 0.7 | 4.1 | 1.4 | 0.5 | 0.5 | 0.3 | |
Tax Ann. | 100% | 32% | 0.8 | 1.3 | 0.4 | 0.1 | 0.1 | 0.2 | |
- | - | -0.1 | 2.8 | 1 | 0.3 | 0.3 | 0.2 | ||
Net Profit Ann. | - | - | -0.1 | 2.8 | 1 | 0.3 | 0.3 | 0.2 | |
NPM Ann. % | - | - | -0.18% | 3.79% | 1.38% | 0.36% | 0.36% | 0.24% | |
EPS Adj. latest Ann. | - | - | -0.1 | 3.2 | 1.1 | 0.4 | 0.4 | 0.2 |
Solvex Edibles INFORMATION ON IPO ISSUE
About Solvex Edibles
Solvex Edibles was incorporated on 23 September, 2013. The company manufactures, distributes, and sells solvent-extracted rice bran oil and by-products like de-oiled cakes and mustard oil. These products are supplied to FMCG companies across India but not sold under the company’s own brand
Object of the Issue
- To finance the capital expenditure for purchase of plant and machinery
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- To meet general corporate purposes
Solvex Edibles - PROMOTERS
| Name |
|---|
| Ashish Goel |
| Vishal Goel |
| Rashika Gupta |
| Brij Bhushan Goel |
Solvex Edibles - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ashish Goel | Chairperson & Managing Director |
| Vishal Goel | Whole Time Director |
| Rohit Gupta | Whole Time Director |
| Rashika Gupta | Non-Executive Director |
| Rishikesh Kumar Verma | Non-executive Independent Director |
| Rojina Thapa | Non-Executive Non-Independent women Director |
Solvex Edibles Book Running Lead Manager
Corporate Makers Capital Limited
info@corporatemakers.in
Solvex Edibles Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Solvex Edibles Strengths
Diverse product portfolio
The company’s product portfolio includes Rice Bran Oil and by-products such as De-oiled Rice Bran Cakes, Rice Bran, Mustard Oil, Mustard Cakes, and Deoiled Mustard Cakes, setting it apart from competitors
Availability of raw material
Rice bran oil and mustard oil are produced from rice bran and mustard cakes, with raw materials sourced from nearby mills. Abundant and competitively priced supply in Uttar Pradesh ensures smooth operations and strengthens pricing competitiveness
Solvex Edibles Risks
Depend on rice bran oil
A significant portion of the company’s revenue comes from Rice Bran Oil, sold to customers and FMCG companies across India. Any decline in its demand or production could adversely impact business performance and financial condition
Operational risks
Any accident at the company’s manufacturing facilities, including mishandling of equipment by employees or labour, could cause injuries, fatalities, property damage, environmental harm, and operational disruptions, potentially leading to financial, civil, and criminal liabilities
Price fluctuations risks
The company’s products, mainly refined rice bran oil, are commodity-based and subject to price fluctuations driven by global supply-demand, raw material availability, weather, crop yields, trade disputes, and regulations. Such factors, beyond the company’s control, may impact profitability and overall financial performance
IPO FAQs
The promoters of the company are Ashish Goel, Vishal Goel, Rashika Gupta and Brij Bhushan Goel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 72.0 - 72.0.
The IPO application opens on Sep 22, 2025 and closes on Sep 26, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 230,400.0, the maximum value for this IPO is Rs 230,400.0.
This IPO will be allotted on Sep 29, 2025.
The refund will be credited to your account on Sep 30, 2025.
The allotted shares will be credited to your demat on Sep 30, 2025.
Solvex Edibles Ltd.’s shares listed on the stock exchanges on Oct 01, 2025.
