SK Minerals & Additives IPO Subscribed 3.44 Times on Final Day So Far, Driven by Retail and NII Demand

Ludhiana, October 14, 2025: SK Minerals & Additives Ltd’s ₹41-crore Initial Public Offering (IPO) is set to close strongly, with a 3.44-times subscription recorded by 3:54 PM on Tuesday. The issue had a slow start earlier in the week but gained momentum from non-institutional investors (NIIs) and retail bidders, comfortably surpassing expectations ahead of its scheduled closure.

Established in 2022, SK Minerals & Additives Ltd aims to produce and trade specialty chemicals and mineral-based additives for the food, feed, petrochemicals, and plywood sectors. The major products of the company are Zinc, Copper, and Magnesium Glycinates, Calcium Propionate, Ferric Pyrophosphate, Technical Grade Urea, and bypass fat. It has an R&D laboratory at Khanna, which is DSIR-recognized. It meets ISO 9001:2015 and ISO 22000:2018 certifications and has sales and distribution support through the office in Mumbai.

SK Minerals & Additives IPO Category-Wise Subscription (as of 3:54 PM, BSE data)

As of October 14, 2025 (Day 3), as of 3.54 PM, SK Minerals & Additives’ IPO received a total subscription of 3.44 times. The public offer was robust, with retail investors subscribing 3.23 times the allotted portion. The Qualified Institutional Buyers (QIBs), except anchor investors, subscribed 1.01 times. The Non-Institutional Investors (NII) segment received strong demand with 7.13 times subscription. Of NIIs, bids over ₹10 lakh (bNII) were subscribed 8.84 times and bids within ₹10 lakh (sNII) at 3.73 times.

All shares allocated to anchor investors and the market maker were fully subscribed, with the anchor placement totaling ₹11.72 crore. The IPO received applications for 74.04 lakh shares against an issue size of 21.55 lakh shares, aggregating ₹94.03 crore across 2,170 applications, reflecting strong investor confidence ahead of listing.

SK Minerals & Additives Anchor Book Strengthened Market Confidence

Before the IPO, SK Minerals & Additives collected ₹11.72 crore through an anchor placement on October 9, 2025, allotting a total of 9.23 lakh equity shares at the higher price band of ₹127 per share. Six institutional investors made the allotments with strong early market confidence. Jalan Chemical Industries Pvt Ltd received allotments of 1.77 lakh shares worth ₹2.25 crore, and Ascend Global Opportunities Fund, Rajasthan Global Securities Pvt Ltd, LRSD Securities Pvt Ltd, and Minerva Ventures Fund received allotments of 1.58 lakh shares for ₹2.01 crore each. Chanakya Opportunities Fund I received allotments of 1.14 lakh shares for ₹1.45 crore.

SK Minerals & Additives IPO Snapshot

SK Minerals & Additives launched the IPO with a total issue size of ₹41 crore, comprising 32.4 lakh equity shares priced between ₹120 and ₹127 each. The IPO, which opened on 10 October, closes today, 14 October 2025. Investors can apply for a minimum lot of 1,000 shares, representing an investment of ₹1,27,000. The equity shares are set to be listed on the BSE SME platform on 17 October 2025. Khambatta Securities Ltd is the lead manager, while Maashitla Securities Pvt Ltd serves as the registrar.

SK Minerals & Additives IPO Financial Highlights

SK Minerals & Additives registered revenue of ₹8,526.69 lakh for the first eight months of FY26 (up to August 2025), compared with ₹21,167.24 lakh in FY25 and ₹10,876.85 lakh in FY24. Profit after tax (PAT) stood at ₹502.49 lakh, down from ₹1,093.82 lakh in FY25 but up from ₹309.54 lakh in FY24. Net worth increased to ₹2,868.55 lakh, up from ₹2,366.06 lakh in FY25 and ₹1,272.24 lakh in FY24. The debt-equity ratio rose to 2.62, from 1.65 in FY25 and 2.54 in FY24. Overall, the company demonstrated steady growth in net worth despite fluctuations in revenue and profit, accompanied by a modest increase in leverage. Its PAT margin improved to 5.9% in August 2025, reflecting efficiency gains from a rising manufacturing base and product diversification.

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