Solvex Edibles IPO Subscription Status

On the second day of bidding, Solvex Edibles IPO was subscribed 0.22 times as of 5:00 PM on 23 September 2025.

• Qualified Institutional Buyers (QIB): 0.00x
• Non-Institutional Investors (NII): 0.24x
• Retail Individual Investors (RII): 0.21x

By the close of day two, the company had received bids for 5,58,400 shares against the 24,89,600 shares on offer.
For reference, the IPO also recorded a 0.22x subscription on day one, showing consistent but moderate investor interest.

Company Overview

Incorporated in 2013, Solvex Edibles Limited is engaged in the manufacturing, distribution, marketing, and sale of rice bran oil along with a variety of by-products such as:

• De-oiled Rice Bran Cakes
• Rice Bran
• Mustard Oil
• Mustard Cakes
• De-oiled Mustard Cakes

Their products are supplied to leading FMCG companies across India, giving the firm a presence in 18 states.

The company’s 12,140-square-meter manufacturing facility is located at Kemri, Bilaspur, Uttar Pradesh, strategically positioned for efficient production and nationwide distribution.
Production is carried out through a solvent extraction process that converts crude rice bran into refined Rice Bran Oil. The plant has a processing capacity of 200 tons per day (TPD) and a dedicated extraction division, allowing the entire process—from raw material procurement to finished product—to be handled in one integrated system.

Financial Highlights

Solvex Edibles has shown strong financial growth:

• Revenue: Increased around 90 % year-over-year between FY 2023-24 and FY 2024-25.
• Profit After Tax (PAT): Jumped about 305 % in the same period.
• Margins: Operating margins improved due to better cost efficiency and higher demand for edible oils. (Added context)

Grey Market Premium (GMP)

As of Tuesday, 23 September 2025, the GMP stood at ₹0, indicating that the IPO was trading at its issue price of ₹72 with no premium or discount in the grey market.