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Solvex Edibles Ltd
Edible OilIPOSME
₹72 - 72
We are in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil and other by products such as De-oiled Cakes - Rice Bran, Rice Bran and Mustared Oil, Mustard Cakes, Deoiled Mustared Cakes. We manufacture and sell Rice Bran Oil Deoiled Cakes - Rice Bran, Rice Bran, Mustared Oil, Mustard Cakes and Deoiled Mustared Cakes to FMCG companies. We don't manufacture, market and sell our products under our own brands.
Lot1,600Min Invest₹2,30,400Face Value₹10Issue Size₹19 CrFresh Issue₹19 CrListing Price₹68CMP₹14
Timeline
22 Sept
Bidding opens
26 Sept
Bidding closes
29 Sept
Allotment
30 Sept
Refund & demat credit
1 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹19 Cr0.26 Cr shares
Fresh Issue₹19 Cr
Face Value₹10
Lot Size1,600 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,30,4001-1 lots
sNII₹2,30,400from 2 lots
bNII₹10,36,800from 9 lots
Managers & Registrar
Lead ManagerCorporate Makers Capital Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%70.73%Public0.01%29.27%
Objects of the Issue
- To finance the Capital expenditure towards acquisition of new Plant and Machinery at existing plant of the Company
- Repayment in full or in part, of certain of the outstanding borrowings
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 72 | 135 | 154 |
| Operating ProfitCr | 3 | 12 | 8 |
| OPM% | 4.3 | 9.2 | 4.9 |
| PBTCr | 1 | 6 | 1 |
| PATCr | 1 | 4 | 0 |
| EPS | - | 6 | 0 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | - | 6 | 9 |
| ReservesCr | - | 14 | 29 |
| BorrowingsCr | - | 58 | 55 |
| Total AssetsCr | - | 92 | 114 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | -8 | 1 | -2 |
| Investing Cash FlowCr | -11 | 0 | -2 |
| Financing Cash FlowCr | 18 | -1 | 10 |
| Net Cash FlowCr | -1 | 0 | 6 |
Strengths & Risks
Strengths · as stated in the DRHP
- Management team having domain knowledge to scale up and expand into new opportunities.
- Marquee client base and repeat orders.
- Smooth flow of operations.
- Customer oriented approach.
- Designing and execution capability.
Strategies · as stated in the DRHP
- Expand our customer base.
- Expansion of Geographic Reach.
- Continue to improve quality standards.
- Increasing operational efficiency.
Risks · as stated in the DRHP
- There are outstanding litigation proceedings involving the Company, its Subsidiary Companies, the company Promoters and/ or its Directors, an adverse outcome in which, may have an adverse impact on the company reputation, business, financial condition, results of operations and cash flows.
- The company revenues have been significantly dependent on few customers and its inability to maintain such business may have an adverse effect on the company results of operations.
- The company derive significant portion of its revenues from Rice Bran Oil and any reduction in demand or in the production of such products could have an adverse effect on its business, results of operations and financial condition.
- The company business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company revenue and results of operations.
- The company derive significant portion of its revenues from the sale of De-Oiled Rice Bran (DORB) and any reduction in demand from its consumers could have an adverse effect on the company business, results of operations and financial condition.
- The company business is dependent on its Manufacturing Facilities. Any shutdown of operations of the company Manufacturing Facilities may have an adverse effect on its business and results of operations.