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SK Minerals & Additives Ltd

SK Minerals & Additives IPO

  • Status: Closed
  • RHP:
  • ₹ 240,000 / 2000 shares

    Minimum Investment

SK Minerals & Additives IPO Details

  • Open Date

    10 Oct 2025

  • Close Date

    14 Oct 2025

  • Listing Date

    17 Oct 2025

  • IPO Price Range

    ₹ 120 – ₹127

  • IPO Size

    ₹ 41.15 Cr

  • Listing Exchange

    BSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

SK Minerals & Additives IPO Timeline

SK Minerals & Additives IPO Subscription Status

Last Updated: 14 October 2025 6:54 PM by 5paisa

SK Minerals & Additives Ltd. specialises in the processing of industrial minerals such as bentonite, barite, talc, dolomite, and kaolin. Its flexible business model integrates domestic trading, imports, and in-house production, enabling a diversified supply chain. The company serves over 35% of its revenue through government customers and has a geographically diverse client base across India. As of April 2025, it employed 91 permanent staff and continues to expand its manufacturing footprint and product offerings.

Established in: 2022.

MD: Mr. Mohit Jindal
 

SK Minerals & Additives Objectives

The company intends to utilise the net proceeds from the IPO for:

Working capital requirements: ₹31.00 Cr
Capital expenditure for purchase of plant and machinery: ₹5.55 Cr
General corporate purposes: Balance of the IPO proceeds
 

SK Minerals & Additives IPO Size

Types Size
Total IPO Size ₹41.15 Cr
Offer For Sale -
Fresh Issue ₹41.15 Cr

SK Minerals & Additives IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 2,000 ₹2,40,000
Retail (Max) 2 2,000 ₹2,54,000

SK Minerals & Additives IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 1.01 6,15,000 6,22,000 7.899
NII (HNI) 7.15 4,62,000 33,05,000 41.974
Individual Investors (IND category bidding for 2 Lots)     3.39 10,78,000 36,58,000 46.457
Total** 3.52 21,55,000 75,85,000 96.330

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (In ₹ Crores) FY22 FY23 FY24
Revenue 12.10 13.22 10.88
EBITDA 2.22 3.90 6.80
Profit After Tax 1.67 1.89 3.10
Balance Sheet (In ₹ Crores) FY22 FY23 FY24
Assets 25.47 37.54 54.05
Equity Share Capital 0.01 1.60 5.00
Borrowings 10.92 23.62 34.74
Cash Flows (₹ Lakhs) FY22 FY23 FY24
Operating Activities -4.01 -11.19 -9.02
Investing Activities -1.60 -1.93 -2.01
Financing Activities 5.58 13.54 12.88
Net Change in Cash -0.28 0.42 1.85


Strengths

1. Modern manufacturing units in Ludhiana.
2. ISO certified for quality assurance.
3. Strong government client revenue share.
4. Wide product range for multiple industries.
 

Weaknesses

1. New company, limited market presence.
2. Raw material price fluctuations risk.
3. Operations mainly in northern India.
4. Small workforce limits rapid scaling.
 

Opportunities

1. Expansion plans for production capacity.
2. Growing demand in industrial sectors.
3. Diversify into new mineral products.
4. Infrastructure projects increase potential sales.
 

Threats

1. High competition from domestic, international players.
2. Commodity prices remain volatile.
3. Economic slowdown affects client industries.
4. Regulatory changes may impact operations.
 

1. Strong presence in industrial minerals and speciality chemicals
2. Diversified client base and government revenue contribution
3. ISO-certified quality systems ensuring consistent product standards
4. Expanding manufacturing footprint and product portfolio for growth
 

1. Industry Position: SK Minerals & Additives Ltd operates in the industrial minerals and speciality chemicals sector, focusing on food and feed additives. 
2. Market Sentiment: The IPO is scheduled to open on October 10, 2025, and close on October 14, 2025, with a price band of ₹120 to ₹127 per share. 
3. Listing Platform: The company plans to list on the BSE SME platform, targeting retail and institutional investors. 
4. Financial Metrics: For FY24, SK Minerals reported a total income of ₹108.93 crore and a profit before tax of ₹4.10 crore.
 

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FAQs

The SK Minerals IPO opens on October 10, 2025 and closes on October 14, 2025.
 

The IPO issue size of SK Minerals IPO is ₹41.15 crore.
 

 The price band of SK Minerals IPO is ₹120 – ₹127 per share.

To apply for SK Minerals IPO, follow the steps given below: 

  • Login to your 5paisa demat account and select the issue in the current IPO section    
  • Enter the number of lots and the price at which you wish to apply for the SK Minerals IPO.    
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
  • You will receive a mandate notification to block funds in your UPI app.
     

For SK Minerals IPO, a minimum investment require at least 2 lots of 1,000 shares is required, requiring ₹2,40,000.

Allotment of SK Minerals IPO will be finalised on October 15, 2025
 

The share listing date of SK Minerals IPO is expected to be listed at October 17, 2025.

Khambatta Securities Ltd. is the book-running lead manager of SK Minerals IPO.
 

SK Minerals to utilise the raised capital from the IPO for:

  • Working capital requirements: ₹31.00 Cr
  • Capital expenditure for purchase of plant and machinery: ₹5.55 Cr
  • General corporate purposes: Balance of the IPO proceeds