Solvex Edibles Limited: Thobhani Group Acquires 9.69% Stake Through IPO
Jignesh Amrutlal Thobhani and six associates acquired 8,67,200 shares (9.69% stake) in Solvex Edibles Limited through the company's Initial Public Offering completed on October 1, 2025. The acquisition represents the group's first investment in the BSE-listed food company and was disclosed under SEBI regulations on January 22, 2026. The company has a total equity capital of 89,51,970 shares with ₹10.00 face value each.
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Jignesh Amrutlal Thobhani and six associates have acquired a substantial stake in Solvex Edibles Limited through the company's Initial Public Offering, marking a significant investment in the BSE-listed food company. The acquisition was disclosed under SEBI's substantial acquisition regulations on January 22, 2026.
Acquisition Details
The Thobhani group acquired 8,67,200 equity shares representing 9.69% of Solvex Edibles Limited's total share capital through the Initial Public Offering completed on October 1, 2025. The acquisition details are presented below:
| Parameter: | Details |
|---|---|
| Shares Acquired: | 8,67,200 equity shares |
| Acquisition Percentage: | 9.69% |
| Mode of Acquisition: | Initial Public Offering |
| Date of Acquisition: | October 1, 2025 |
| Face Value per Share: | ₹10.00 |
Acquirer Group Composition
The acquisition was made by Jignesh Amrutlal Thobhani along with six persons acting in concert, forming a substantial investor group. The complete list of acquirers includes:
- Jignesh Amrutlal Thobhani
- Amrutlal Gordhandas Thobhani
- Varshaben Jigneshkumar Thobhani
- Ferin Jigneshbhai Thobhani
- Thobhani Amrutlal Gordhanbhai (HUF)
- Thobhani Jignesh Amrutlal (HUF)
- Aashana Jigneshbhai Thobhani
The disclosure confirms that the acquirer group does not belong to the promoter or promoter group of Solvex Edibles Limited.
Holdings Analysis
Prior to this acquisition, the Thobhani group held no shares in Solvex Edibles Limited. The IPO participation represents their first investment in the company, establishing a significant 9.69% shareholding position.
| Holding Period: | Number of Shares | Percentage Holding |
|---|---|---|
| Before Acquisition: | 0 | 0.00% |
| After Acquisition: | 8,67,200 | 9.69% |
| Total Diluted Capital: | 8,67,200 | 9.69% |
Company Profile
Solvex Edibles Limited is listed on BSE Limited with the company code 544539. The company maintains its registered office at Kemri Road, Rampur, Bilaspur, Uttar Pradesh, India, 244921. Following the acquisition, the company's total equity share capital remains at 89,51,970 equity shares of ₹10.00 face value each.
The disclosure was filed in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in substantial shareholding changes for market participants.
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