Solvex Edibles Ltd (BSE SME)

 IPO Details

Company Financials (In ₹Crore)

About Company

• Incorporated: 2013
• Name: Solvex Edibles Limited
• Business Activities: Manufacturing, distribution, marketing, and sales of:
  • Solvent Extracted Rice Bran Oil
  • By-products: De-oiled Cakes (Rice Bran & Mustard), Rice Bran, Mustard Oil, Mustard Cakes

Products & Clients

• Supplies to major FMCG companies across India
• Product presence across 18 states

Manufacturing Facility

• Location: Kemri, Bilaspur, Uttar Pradesh
• Area: 12,140 sq. meters
• Production Process: Solvent extraction of crude rice bran to produce Rice Bran Oil
• Capacity: 200 TPD
• Integrated Extraction Division for production and processing of Rice Bran Oil

 IPO Objectives

The Company Solvex Edibles IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

1. Capital Expenditure for Plant and Machinery: To finance the capital expenditure towards the acquisition of new plant and machinery at the existing plant of the Company. The expected amount for this objective is ₹8.31 crores.

2. Repayment of Borrowings: Repayment in full or in part, of certain of the company's outstanding borrowings. The expected amount allocated for this purpose is ₹5.90 crores.

3. General Corporate Purposes: To meet general corporate purposes. The expected amount set aside for this is ₹2.79 crores.

Strength

Strategic Location: Manufacturing facility at Kemri, Bilaspur (U.P.) with 12,140 sq. meters of land, enabling wide supply and distribution across India.

Easy Raw Material Access: Located near rice and mustard mills in U.P. (2nd largest rice producer), ensuring abundant, timely, and competitively priced raw material supply.

Experienced Management: Promoters and senior team have deep industry experience, focusing on quality, building long-term customer relationships, and expanding client base.

Weakness

Pending Litigations: Ongoing legal proceedings against the Company, subsidiaries, promoters, or directors could harm reputation, business, and financial performance.

Customer Concentration: Heavy dependence on a few customers; loss of these relationships may adversely affect revenues and operations.

Product Dependency: Major revenue comes from Rice Bran Oil; any fall in demand or production could negatively impact business and financial condition.