SK Minerals & Additives Ltd IPO Opens October 10; Price Band Set at ₹120–₹127

Ludhiana, October 9, 2025: Specialty chemical manufacturer SK Minerals & Additives Ltd IPO will open its Initial Public Offering (IPO) for subscription on Friday, October 10, 2025, and close on Tuesday, October 14, 2025. The equity shares are scheduled to be listed on the BSE SME platform on October 17, 2025.

The IPO has been priced in the band of ₹120–₹127 per share, with a lot size of 1,000 shares (minimum investment of ₹1,27,000 at the upper end). The total issue size is ₹41 crore, comprising a fresh issue of 32.40 lakh equity shares of ₹10 face value each.

The IPO timeline is as follows:

• October 10–14, 2025: IPO subscription period
• October 15, 2025: Finalisation of allotment
• October 16, 2025: Refunds initiated and shares credited to demat accounts
• October 17, 2025: Shares listed on stock exchanges

The anchor investors’ lock-in period will be released in two phases: 50% on November 14, 2025, and the remaining 50% on January 13, 2026.

SK Minerals & Additives Ltd IPO Manufacturing and Operations Snapshot

SK Minerals & Additives Ltd operates its central manufacturing unit in Khanna, Ludhiana, covering 39,222 sq. ft, where all production activities take place. The company also maintains two warehouses in Khanna, measuring 12,000 sq. ft and 6,000 sq. ft, to support storage and logistics operations. Additionally, SK Minerals has a branch office in Mumbai spanning 699 sq. ft.

SK Minerals & Additives Ltd IPO Financial Performance

SK Minerals & Additives Ltd has shown consistent financial growth in recent years. In the first eight months of FY26 until August 2025, the company posted revenue from operations of ₹8,526.69 lakh, while profit after tax (PAT) stood at ₹502.49 lakh.

During FY25, the company achieved revenue of ₹21,167.24 lakh and PAT of ₹1,093.82 lakh, demonstrating sustained profitability compared with FY24, when revenue was ₹10,876.85 lakh and PAT was ₹309.54 lakh. In FY23, the revenue was ₹13,222.85 lakh, with a PAT of ₹189.48 lakh.

The company’s net worth has been gradually increasing to ₹2,868.55 lakh in FY26 from FY23’s ₹622.70 lakh, and net borrowings are also up at ₹7,511.71 lakh, with a resulting debt-equity ratio of 2.62 for the period.

The company’s PAT margin also expanded to 5.89% in FY26, from 5.17% in FY25, with evidence of enhanced operational efficiency. Return on equity (ROE) was at 17.5% in FY26, showing healthy returns for shareholders but less than the 46.2% seen during FY25, given increased borrowings and growth investments.

SK Minerals & Additives Ltd IPO Objects of the Issue

The funds to be raised by the IPO of SK Minerals & Additives Ltd will be used for the growth and operational needs of the company. An amount of ₹3,100 lakh will be used for working capital purposes, including day-to-day operations. Further, ₹504.91 lakh will be used in purchasing plant and machinery as part of the company’s expansion plans. The balance proceeds of the issue will be utilized for general corporate purposes.

SK Minerals & Additives Ltd IPO Industry Outlook

India’s food and feed additives market, which stood at ₹40,094 crore in 2024, is expected to grow to ₹61,396 crore by 2030 at a CAGR of 7.4% led by demand from the processed food and livestock industries. SK Minerals is poised to capitalize on this growth through its expanding product portfolio and DSIR-supported R&D.

About the Company

SK Minerals & Additives Ltd (CIN: U24100PB2022PLC055213)

• Registered Office: Satkartar Building, Near Khalsa Petrol Pump, G.T. Road, Khanna, Ludhiana, Punjab.
• Promoters: Sunita Rani, Mohit Jindal, Rohit Jindal, and Shubham Jindal
• Book Running Lead Manager: Khambatta Securities Ltd
• Registrar to the Issue: Maashitla Securities Pvt Ltd

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