Solvex Edibles IPO Day 2 Subscription at 0.22 Times with 5.39 Lakh Bids Logged

Mumbai, 23 September 2025: The SME initial public offering (IPO) of Solvex Edibles Limited, priced at ₹72 per share, saw bids for 5,39,200 shares by 4:04 PM on Day 2 of its subscription period, representing 0.22 times the issue size of 24,89,600 shares.

Established in 2013 and headquartered in Rampur, Uttar Pradesh, Solvex Edibles Limited is engaged in the manufacturing and marketing of physically refined rice bran oil. Its portfolio includes mustard oil, de-oiled cakes, and rice bran residue wax, catering primarily to fast-moving consumer goods (FMCG) players and the animal feed industry. The company operates through a single manufacturing facility in Rampur.

Retail Investors Log 2.43 Lakh Bids as Subscription Stays at 0.20 Times

As per the BSE bid book, the individual investors’ category, with an allocation of 12,44,800 shares, recorded bids for 2,43,200 shares, taking subscription to 0.20 times. This segment marked the highest application numbers among all categories on Day 2, underscoring where participation has been concentrated.

Non-Institutional Buyers at 0.24 Times Subscription with 2.96 Lakh Bids Filed

The non-institutional buyers (NII) category, also allocated 12,44,800 shares, attracted bids for 2,96,000 shares by 4:04 PM. This equated to 0.24 times subscription. Applications in this segment were largely driven by bids in multiples above the minimum lot size of 1,600 shares.

Market Makers Fully Subscribed with 1.31 Lakh Bids Confirmed

The market maker quota of 1,31,200 shares reached full subscription on Day 2 with equivalent bids logged. This ensured complete coverage of the portion reserved for market making, which plays a role in providing liquidity post listing.

Issue Size and Timeline of Solvex Edibles IPO

The IPO of Solvex Edibles Limited consists of 26,20,800 shares, amounting to ₹18.87 crore, with a public issue portion of 24,89,600 shares. The subscription window runs from 22 September to 24 September 2025, with listing scheduled for 29 September 2025 on the NSE SME platform.

Merchant Banker Role in IPO Execution

Corporate Makers Capital Limited is acting as the sole lead manager of Solvex Edibles IPO. The firm is responsible for due diligence, compliance, allotment coordination, and managing the public issue process, while Maashitla Securities Pvt. Ltd. serves as the registrar.

The Solvex Edibles IPO on Day 2 achieved 0.22 times overall subscription, with retail investors and non-institutional buyers contributing the bulk of bids, while the market maker portion was fully subscribed. The subscription period will close on 24 September 2025, after which final demand and category-wise participation will become clearer.

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