SK Minerals & Additives IPO Opens for Subscription Today; Anchor Investors Commit ₹11.72 Crore

Ludhiana, October 10, 2025: The Initial Public Offering (IPO) of specialty chemicals manufacturer SK Minerals & Additives Ltd opened for public subscription today. The ₹41.15 crore SME issue will remain open from 10th October to 14th October 2025, with shares proposed to list on the BSE SME platform on 17th October 2025.

SK Minerals IPO price band is set at ₹120.00 to ₹127.00 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,54,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹3,81,000.

Khambatta Securities Ltd. is the book-running lead manager, and Maashitla Securities Pvt.Ltd is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..

Established in 2022, SK Minerals & Additives Ltd produces and supplies specialty chemicals and mineral additives for the food, feed, petroleum, and plywood sectors. They produce Zinc, Copper, and Magnesium Glycinates and EDTAs, Calcium Propionate, Ferric Pyrophosphate, Technical Grade Urea, Virgin Base Oil, and By-Pass Fat.

It has a DSIR-certified R&D center and adheres to ISO 9001:2015 and ISO 22000:2018. Its manufacturing hub is at Khanna, Ludhiana, and it has warehouses and a sales office in Mumbai.

SK Minerals & Additives IPO Anchor Investor Allocation

Before the opening of its IPO, SK Minerals & Additives Ltd raised ₹11.72 crore from anchor investors by allotting 9,23,000 equity shares at ₹127 per share with a share premium of ₹117 per share. The anchor allotment was to six investors and indicated sustained institutional interest preceding the public issue.

Among the anchor participants, Jalan Chemical Industries Pvt Ltd was allotted 1.77 lakh shares (19.18%) at ₹2.25 crore. In contrast, Ascend Global Opportunities Fund, Rajasthan Global Securities Pvt Ltd, LRSD Securities Pvt Ltd, and Minerva Ventures Fund were each allotted 1.58 lakh shares (17.12%) at a price of ₹2.01 crore each. Chanakya Opportunities Fund I was allotted 1.14 lakh shares (12.34%) at ₹1.45 crore.

The successful placement of the anchor highlights strong investor confidence in the business model and growth prospects of SK Minerals & Additives Ltd before its SME IPO debut.

SK Minerals & Additives IPO Objects of the Issue

The company plans to utilise the net proceeds from the SK Minerals & Additives Ltd IPO for multiple purposes. Approximately ₹31 crore has been earmarked to meet working capital requirements, while around ₹5.05 crore will be allocated towards capital expenditure for the company’s expansion plans, including the purchase of plant and machinery. The remaining funds will be used for general corporate purposes.

SK Minerals & Additives IPO Financial Overview

SK Minerals & Addi͏tives Lt͏d has shown͏ str͏ong growth, with͏ reve͏nue rising 95% ͏and profit after tax ͏(PAT) increasing 253% b͏e͏tween͏ FY 2024 and ͏FY 2025.͏ ͏As of 31st August 20͏25, total assets stood ͏at ͏₹114.39 cr͏ore, total͏ inco͏me ₹85.38 c͏rore, an͏d PAT ₹5.02 crore.͏ For FY e͏ndin͏g 3͏1s͏t March 2025, the com͏pany reported total ͏in͏co͏me of ₹͏212.͏15 ͏cro͏re, E͏BITDA of ₹19.͏10 c͏rore, ne͏t͏ worth of ₹23.66 crore, and total borrow͏i͏ngs ͏of ₹39.13 cr͏o͏re͏. Key ratios include ROE 46.23%, ROCE ͏22.88%, PAT m͏argin 5.17%, an͏d Pric͏e-t͏o-Book ͏4.83, with pre- and post-IPO EPS at ₹12.15͏ and ₹9.85 re͏spectively.

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