Solvex Edibles Ltd IPO

About Solvex Edibles Ltd

Our Company was originally incorporated at Uttarakhand as Solvex Edibles Private Limited on 23rd September, 2013 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Uttarakhand. Consequent upon the conversion of our Company to public limited company, the name of our Company was changed to Solvex Edibles Limited vide fresh certificate of incorporation dated 30th September, 2024 issued by the Central Processing Centre, Manesar, Gurugram, Haryana, 122050, India.

Oilseeds and edible oils are two of the most sensitive essential commodities. India is one of the largest producer of oilseeds in the world and this sector occupies an important position in the agricultural economy, accounting for the estimated production of 39.59 million tons of nine cultivated oilseeds during the year 2023-24 (November-October) as per 3rd Advance Estimates released by the Ministry of Agriculture on 04.06.2024. India contributes about 5-6% of the world oilseeds production. Export of oil meals, oilseeds and minor oils was about 3.46 million tons in the financial year 2022-23 valued at Rs 14,609 crores. India is fortunate in having a wide range of oilseeds crops grown in its different agro climatic zones. Groundnut, mustard/rapeseed, sesame, safflower, linseed, niger seed, castor are the major traditionally cultivated oilseeds. Soyabean and sunflower have also assumed importance in recent years. Coconut is most important amongst the plantation crops. Efforts are being made to grow oil palm in Andhra Pradesh, Karnataka, Tamil Nadu and North- Eastern parts of the country in addition to Kerala and Andaman & Nicobar Islands. Among the non-conventional oils, rice bran oil and cottonseed oil are the most important. In addition, oilseeds of tree and forest origin, which grow mostly in tribal inhabited areas, are also a significant source of Oils. Figures pertaining to estimated production of major cultivated oilseeds, availability of edible oils from all domestic sources (from Domestic and Import Sources) during the last ten years are as under:

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.

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