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SK Minerals & Additives IPO
SK Minerals & Additive IPO is a book build issue of ₹41.15 crore. The issue is entirely a fresh issue of 0.32 crore shares. The price band is set at ₹120 to ₹127 per share and the lot size for an application is 1,000. SK Minerals & Additive IPO opens for subscription on Oct 10, 2025, and closes on Oct 14, 2025. The IPO will list on BSE SME with a tentative listing date fixed as Oct 17, 2025.
Company Background
SK Minerals & Additive Ltd. was incorporated in February 2022. The company manufactures and supplies industrial minerals and specialty chemicals such as bentonite, barite, talc, dolomite, and kaolin. Operating from two manufacturing units in Ludhiana, Punjab, the company integrates domestic trading, imports, and in-house production under a flexible business model. Serving industries like ceramics, paints, plastics, rubber, agriculture, and oil drilling, SK Minerals holds ISO certifications. Around 35% of its revenue comes from government clients. The company focuses on client diversification, nationwide presence, and expanding its manufacturing capacity to strengthen business resilience.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
SK Minerals & Additives IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
SK Minerals & Additives IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 10, 2025 to October 14, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹127 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,40,000 shares (aggregating up to ₹41.15 Cr) |
| Reserved for Market Maker | 1,62,000 shares (aggregating up to ₹2.06 Cr) |
| Net Offered to Public | 30,78,000 shares (aggregating up to ₹39.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,22,40,000 shares |
SK Minerals & Additives IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Oct 10, 2025 |
| IPO Close Date | Tue, Oct 14, 2025 |
| Tentative Allotment | Wed, Oct 15, 2025 |
| Initiation of Refunds | Thu, Oct 16, 2025 |
| Credit of Shares to Demat | Thu, Oct 16, 2025 |
| Tentative Listing Date | Fri, Oct 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 14, 2025 |
SK Minerals & Additives IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,54,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,16,000 |
SK Minerals & Additives IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100.00% |
| Promoter Holding Post Issue | 73.53% |
Competitive Strength:
- ⦁ An extensive product range combined with strong relationships and revenue from government clients.
- ⦁ Strong customer base supported by an experienced management team and pan-India operational presence.
SK Minerals & Additives IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Oct 2024 | 61.72 | 114.28 | 5.01 | 17.73 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 54.05 | 108.94 | 3.10 | 12.72 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 37.54 | 132.59 | 1.89 | 6.23 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 25.47 | 121.81 | 1.67 | 2.79 | - | - | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.33% |
| ROCE | 12.45% |
| Debt/Equity | 2.73 |
| RoNW | 24.33% |
| PAT Margin | 2.85% |
| Price to Book Value | 3.60 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.44 | 7.01 |
| P/E (x) | 36.93 | 18.11 |
Conclusion
SK Minerals & Additive IPO provides an opportunity to invest in a growing company with a pan-India presence. The company generates a stable income base with approximately 30% of its revenue from government clients. Offering diverse mineral-based solutions, SK Minerals serves multiple industries through a hybrid business model that balances trading and manufacturing operations. This combination enhances operational flexibility and growth potential, making the IPO attractive for investors seeking exposure to a resilient and diversified player in the industrial minerals and specialty chemicals sector.
DRHP:
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