SK Minerals & Additives Declares IPO Price Band at ₹120-₹127; Issue Opens October 10

New Delhi, October 8, 2025 – SK Minerals & Additives Ltd IPO, a leading manufacturer of specialty chemicals, has fixed the price band for its forthcoming Initial Public Offering (IPO) at ₹120₹127 per share. The IPO, worth ₹41.15 crore, will be opened for subscription on October 10 and close on October 14, with the window of anchor investor bidding on October 9.

SK Minerals & Additives Declares IPO Structure and Purpose of Funds

The issue involves a new issue of 32.40 lakh face value equity shares of ₹10 each. On the higher side of the price band, the firm proposes to raise ₹41.15 crore. Proceeds are to be used mainly for working capital needs (₹31 crore), capital expenditure on plant and machinery (₹5.05 crore), with the rest to be utilized for general corporate purposes.

Company Overview

Based in Ludhiana, SK Minerals & Additives is engaged in the production and trade of specialty chemicals majorly catering to the food and feed additives industry. It offers chelated minerals, mineral blends, and allied chemicals to food and bakery, animal feed, and petroleum industries, among others.

SK Minerals & Additives Declares IPO Financial Performance

The firm had revenue of ₹85.27 crore and profit after tax (PAT) of ₹5.02 crore for the first half of FY26, up to August 31, 2025. In FY25, it had revenue of ₹211.67 crore with a PAT of ₹10.94 crore, indicating consistent growth.

SK Minerals & Additives Declares IPO Listing and Management

On closing of the IPO, shares of SK Minerals & Additives will be listed on the BSE SME platform. Khambatta Securities Ltd is book running lead manager and Maashitla Securities Pvt Ltd is the registrar. The proceeds from the IPO are likely to support the company’s operational strengths and growth opportunities in the specialty chemicals segment.

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