Solvex Edibles Ltd. has announced public offering of 2620800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 62.00 per share. The gross proceeds of the issue are expected to be Rs 1,886.98 lakhs.
The company's initial public offer (IPO) will open on 22 September 2025 and is expected to close on 24 September 2025, subject to customary closing conditions.
The IPO includes a fresh Issue of 2620800 Equity Shares of the Company at an price of Rs 72.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Solvex Edibles Ltd. anticipates using the proceeds of the issue for
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, To meet General corporate purposes.
Corporate Makers Capital Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.