SK Minerals IPO Sees Moderate Demand, Subscribed 3.52x by Day 3

SK Minerals & Additives Limited's initial public offering (IPO) recorded moderate investor participation through its third day of subscription. The stock price band is set at ₹120–₹127 per share. The ₹41.15 crore IPO was subscribed 3.52 times by 5:04:37 PM on Day 3.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

SK Minerals IPO Non-Institutional Investors (NII) led with 7.15x subscription. Individual investors showed moderate participation at 3.39x, while QIB (ex-anchor) displayed measured interest at 1.01x.

Subscription Status of SK Minerals IPO

Day 3 Subscription Details

Key Highlights - Day 3:

• Overall subscription reached a moderate 3.52 times, showing exceptional improvement from day two's 0.55 times
• Individual investors displaying moderate confidence at 3.39 times, building substantially from day two's 0.61 times
• Qualified institutional buyers (ex-anchor) showing moderate growth at 1.01 times, building substantially from day two's 0.00 times
• Total applications reached 2,261, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹96.33 crores, significantly exceeding the issue size of ₹41.15 crores

SK Minerals IPO - Day 2 Subscription at 0.55 Times

Key Highlights - Day 2:

• Overall subscription reaching a limited 0.55 times, showing substantial improvement from day one's 0.14 times
• Individual investors displaying limited confidence at 0.61 times, building substantially from day one's 0.27 times
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.00 times, unchanged from day one's 0.00 times

SK Minerals IPO - Day 1 Subscription at 0.14 Times

Key Highlights - Day 1:

• Overall subscription reached a limited 0.14 times, showing very cautious initial investor interest
• Individual investors displaying limited confidence at 0.27 times, showing weak retail sentiment
• Qualified institutional buyers showing minimal performance at 0.00 times, indicating very weak institutional appetite

About SK Minerals & Additives Limited

Incorporated in February 2022, SK Minerals & Additives Limited is engaged in the manufacturing, processing, and supply of industrial minerals and specialty chemicals. The company specialises in bentonite, barite, talc, dolomite, kaolin, and other industrial minerals. It follows a flexible business model integrating domestic trading, imports, and in-house production, and holds ISO 9001:2015 and ISO 22000:2018 certifications for its Quality Management System.