Solvex Edibles IPO

Solvex Edibles manufactures, markets, and sells solvent-extracted rice bran oil and related products like de-oiled cakes, mustard oil, and mustard cakes. The company mainly supplies its products to FMCG companies across India. Its main manufacturing facility is in Kemri, Uttar Pradesh, which can process 200 tonnes per day and covers 12,140 square meters, while the products are distributed in 18 states. Solvex Edibles has two subsidiaries: Shree Oils & Fats, which operates a 200 TPD plant in Bareilly, and Golden Pearl Oil Products, which runs a 60 TPD refinery in Baheri. In FY25, de-oiled rice bran made up 51.12% of revenue, and rice bran oil contributed 35.58%. Uttar Pradesh was the top market for the company’s products, accounting for 79.52% of revenue. The plant operated at 68.65% capacity for rice bran oil and 65.73% for de-oiled rice bran.