India’s mining chemicals business is currently worth around $218 million and is expected to reach $442 million by 2030, growing at a rate of 15.18% annually. This growth comes from the increasing need for special minerals and additives in sectors like construction, metals, and manufacturing. In this ever growing market, SK Minerals & Additives is launching an IPO to raise about ₹41.15 crore, offering shares priced between ₹120 and ₹127 each. The goal of this public sale is to multiply the company’s current operations and fund its future expansion. Let’s dive into the important details of the SK Minerals share price and other more important details of this upcoming SK Minerals IPO.
SK Minerals IPO Details
A complete summary of the SK Minerals IPO review, covering the price band, lot size, issue type, and listing details, is provided below.
| IPO opening date | 10th Oct 2025 |
| IPO closing date | 14th Oct 2025 |
| Face value | ₹10 per equity share |
| Price band | ₹120 to ₹127 per share |
| Issue price | ₹127 per share |
| IPO lot size | 2000 shares |
| Sale type | Fresh Issue |
| Fresh issue | 3,240,000 shares (aggregating up to ₹41.15 Cr) |
| Offer for sale | N/A |
| Issue type | Bookbuilding IPO |
| Listing at | BSE SME |
| Total issue size | 3,240,000 shares (aggregating up to ₹41.15 Cr) |
| Reserved for market maker | 162,000 shares |
| Net offered to public | 3,078,000 shares |
| Minimum investment | ₹254,000 |
| Retail discount | Undisclosed |
SK Minerals IPO Timeline
This section lists all crucial dates of SK Minerals IPO analysis, including the opening, closing, allotment, refund processing, and expected listing.
| IPO open date | 10 October 2025 |
| IPO close date | 14 October 2025 |
| Provisional allotment | 15 October 2025 |
| Refund processing | 16 October 2025 |
| Transfer of shares into demat | 16 October 2025 |
| IPO listing | 17 October 2025 |
| Discontinuation date for UPI request validation | 14 October, 2025 (5 PM) |
SK Minerals IPO Reservation
This table shows how SK Minerals IPO shares are allocated among different investor categories, including QIBs, HNIs, and retail investors:
| Market maker | 1,62,000 (5.00%) |
| Qualified institutional buyers (QIB) | 1,538,000 |
| NII (HNI) shares offered | 4,62,000 (14.26%) |
| Retail shares offered (RII) | 1,078,000 (33.27%) |
| Total shares offered | 3,240,000 (100.00%) |
SK Minerals IPO Core Performance Indicators
A quick look at core financial metrics shows the company’s earnings, returns, and overall financial health over the last three fiscal years, which include:
| Indicator | FY23 | FY24 | FY25 |
| EPS (Basic & Diluted) (₹) | 25.42 | 8.57 | 12.15 |
| RoNW (%) | 30.43% | 24.33% | 46.23% |
| RoE (%) | 30.43% | 24.33% | 46.23% |
| NAV per share (₹) | 83.53 | 35.23 | 26.29 |
| Debt to equity ratio | 3.79 | 2.73 | 1.89 |
| PAT Margin (%) | 1.43% | 2.85% | 5.17% |
| EBITDA (in ₹ lakhs) | 390.63 | 679.85 | 1,909.98 |
| RoCE (%) | 9.73% | 10.18% | 22.88% |
SK Minerals IPO Financials
A concise overview of the company’s revenue, assets, and profit trends across the last three fiscal years is presented below:
| (in ₹lakhs) | 2023 | 2024 | 2025 |
| Revenue from Operations | 13,222.85 | 10,876.85 | 21,167.24 |
| Total Assets | 3,754.27 | 5,404.79 | 7,517.98 |
| Profit After Tax | 189.48 | 309.54 | 1,093.82 |
SK Minerals IPO Lot Size
Here’s a look at the SK Minerals IPO details in India and the corresponding minimum and maximum investment values for various investor categories:
| Investor category | Minimum application |
| Retail (Min) | 2 lots (2000 shares, ₹2,54,000) |
| Retail (Max) | 2 lots (2000 shares, ₹2,54,000) |
| S-HNI (Min) | 3 lots (3000 shares, ₹3,81,000) |
| S-HNI (Max) | 7 lots (7000 shares, ₹8,89,000) |
| B-HNI (Min) | 8 lots (8,000 shares, ₹10,16,000) |
SK Minerals IPO Promoter Holding
Discussed here is the promoter shareholding pattern before and after the SK Minerals IPO, reflecting the change in ownership due to the public issue:
| Percentage | |
| Promoter Holding Pre-Issue | 100.00% |
| Promoter Holding Post-Issue | 73.53% |
SK Minerals IPO Anchor Investors Details
Anchor investors are allocated shares ahead of the public offer. The table below shows the bid date, allocation size, and anchor portion for SK Minerals IPO.
| Bid date | 09 October 2025 |
| Shares offered | Undisclosed |
| Anchor portion size (In Cr.) | Undisclosed |
SK Minerals IPO Prospectus
The SK Minerals IPO prospectus includes all official filings, disclosures, and documentation related to the public issue.
About SK Minerals & Additives Limited
SK Minerals & Additives Limited was incorporated in 2010 and is headquartered in Khanna, Ludhiana, Punjab. The company specializes in manufacturing and supplying specialty chemicals and minerals, including products like chelated minerals, calcium propionate, technical-grade urea, and additives utilized in industries such as food and bakery, animal feed, plywood, petroleum, and poultry. Mohit Jindal serves as the Managing Director, bringing 15 years of experience in the specialty chemicals sector. The company integrates in-house manufacturing with strategic trading and operates a DSIR-certified facility, maintaining ISO certifications for quality and food safety. It aims to provide innovative, high-quality solutions with a widespread presence across multiple Indian states.
Objectives of the SK Minerals IPO
Now that you are aware of the SK Minerals IPO details in India, the capital raised through the SK Minerals IPO is planned for specific business objectives and corporate expenditures.
| Objects of the issue | Allocation (in Millions) |
| Working capital requirement | 310.00 |
| To fund the expansion plan of the company i.e. capital expenditure towards purchase of plant and machinery | 55.54 |
| General corporate purpose | Balance |
Strength Of SK Minerals IPO
The company demonstrates strong business fundamentals, backed by diversified clients, multiple revenue streams, and a growing manufacturing footprint:
- Significant revenue from government clients: Approximately 25% of the company’s revenue from operations is derived from government customers and public sector undertakings, ensuring revenue stability and enhancing brand credibility.
- Strong client and industry diversification: The company serves a broad spectrum of sectors, including food and bakery, animal feed, petroleum, and plywood, which reduces reliance on any single customer or industry and insulates the business from sector-specific downturns.
- Expanding geographical reach across India: A widespread presence in states like Gujarat, Maharashtra, Punjab, and Karnataka allows the company to cater to diverse regional markets, enhancing scalability and supply chain efficiency.
- Balanced mix of trading and manufacturing: The business operates with a hybrid model of in-house manufacturing and strategic trading, which allows for quality control, cost efficiency, and a flexible response to market demands.
- Dedicated in-house R&D capabilities: The company has a DSIR-certified Research & Development unit that develops all manufactured products in-house, focusing on innovation, cost-efficiency, and customer-centric formulations.
Risk of SK Minerals IPO
Potential challenges to consider include legal, regulatory, and operational aspects of the business:
- Outstanding litigations: The company is involved in certain outstanding legal proceedings, including a civil claim for a workplace accident and a writ petition regarding funds blocked by U.S. authorities, which could adversely affect business and reputation if the outcomes are unfavorable.
- Regulatory non-compliance in the past: The company commenced manufacturing operations without receiving a prior “Consent to Establish” and manufactured certain products not initially specified in its “Consent to Operate,” which could expose it to regulatory scrutiny or penalties.
- High dependence on related party transactions: A significant portion of purchases are made from group entities, such as Synergy Trade Links DMCC, exposing the company to potential conflicts of interest and business concentration risks.
- Major revenue concentration: The company derives a substantial portion of its revenue from its top customers; for Fiscal 2025, the top 10 customers accounted for 61.26% of revenue, making the business vulnerable to the loss of any of these key clients.
- Reliance on imported products: A large part of the company’s trading operations depends on imported goods, exposing it to global supply chain disruptions, foreign exchange fluctuations, and changes in international trade policies.
- History of negative cash flows: The company has experienced negative cash flows from operating and investing activities in recent fiscal years, which, if continued, could adversely affect its financial condition.
- Working capital intensive operations: The business requires significant working capital, with trade receivables and inventories forming a substantial part of current assets. Ineffective management could strain cash flows and impact operations.
- Unregistered intellectual property: Several of the company’s trademarks and patent applications are still pending or have faced objections, and failure to secure these rights could impact brand value and competitive advantage.
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SK Minerals IPO FAQs
SK Minerals IPO is a book-built public issue on BSE SME, aiming to raise ₹41.15 crore through issuance of 32.40 lakh equity shares. The price band is fixed between ₹120 to ₹127 per share. The company operates in industrial minerals and specialty chemicals.
You can apply via Zerodha by logging into Kite, navigating to the IPO section, selecting SK Minerals IPO, entering your UPI ID, bid quantity, and price within the band. Submit and accept the UPI mandate to block funds before the IPO closes.
The IPO opens on October 10, 2025, and closes on October 14, 2025. Investors can bid during market hours in this window. The basis of allotment will be finalized on October 15, 2025.
The minimum lot size is 2,000 shares. With an upper price band of ₹127, the minimum retail investment is approximately ₹2,54,000 for two lots. Investors can apply for multiples of the lot size based on their investment capacity.
Applications can be made online through ASBA-enabled net banking or brokers like Zerodha using UPI. Choose the IPO, enter bid details and quantity, submit, and approve the payment mandate via your UPI app before the closing date October 14, 2025.
The allotment is expected on October 15, 2025. Investors can check allotment status on registrars’ or brokers’ websites. Refunds for unsuccessful bids will be credited shortly afterward, and shares will be credited to demat accounts following allotment.
The IPO is scheduled to list tentatively on BSE SME on October 17, 2025. Trading will commence after shares are credited to investor demat accounts post allotment and refund processes.
