SK Minerals & Additives IPO Subscribed 0.07 Times on Day 1 So Far; Retail Investors Lead Tepid Demand

Mumbai, 10 October 2025: The ₹41-crore Initial Public Offering (IPO) of SK Minerals & Additives Ltd commenced today but saw limited participation on its opening day, with retail investors accounting for the majority of bids while institutional activity remained subdued.

Founded in 2022, SK Minerals & Additives manufactures and trades specialty chemicals and mineral-based additives catering to the food, feed, petroleum, and plywood industries. Its product portfolio includes Zinc, Copper, and Magnesium Glycinates, Calcium Propionate, Ferric Pyrophosphate, By-Pass Fat, and Technical Grade Urea. The company operates from Khanna, Ludhiana (Punjab), with DSIR-certified R&D facilities and ISO 9001:2015 / ISO 22000:2018 certifications, supported by warehouses and a sales branch in Mumbai.

SK Minerals & Additives Retail Investors Push Subscription to 0.12 Times Amid Cautious Market Sentiment

By 4:24 PM, the IPO had recorded an overall subscription of 0.07 times, with individual investors bidding 1,28,000 shares, translating to a subscription of 0.12 times in the retail category. The restrained retail appetite reflects early caution as investors assessed the ₹120-₹127 price band, opting largely for the lower end.

In comparison, qualified institutional buyers (QIBs) excluding anchors did not place any bids, registering 0.00 times subscription on 6,15,000 shares offered. Non-institutional investors (NII) showed minimal interest, with a 0.03 times subscription for 4,62,000 shares offered, split between sNII (small NII bids below ₹10 lakh) at 0.09 times and bNII (large NII bids above ₹10 lakh) at 0.00 times.

SK Minerals & Additives Anchor Investors Signal Select Confidence, Allocating ₹11.72 Crore at Upper Price Band

Ahead of the IPO, six anchor investors collectively subscribed 9,23,000 shares at the top of the price band, amounting to ₹11.72 crore. Notable allocations include Jalan Chemical Industries Pvt Ltd at ₹2.25 crore, Ascend Global Opportunities Fund at ₹2.01 crore, and Rajasthan Global Securities Pvt Ltd at ₹2.01 crore. The anchor subscription indicates targeted institutional confidence despite muted overall interest in the opening hours.

SK Minerals & Additives Early Bids Concentrate at Lower End of Price Band, Reflecting Conservative Demand

Price-wise bid data by 4:24 PM showed a preference for the lower limit of ₹120 per share, with 1,30,000 shares bid. Higher price points such as ₹127 saw fewer bids, demonstrating investor caution in the initial trading window. The IPO will remain open until Tuesday, 14 October 2025, with listing scheduled on the BSE SME platform on 17 October 2025.

SK Minerals & Additives IPO Structure and Financial Details at a Glance

• Issue Size: ₹41 crore (32.4 lakh shares)
• Price Band: ₹120–₹127 per share
• Lot Size: 1,000 shares
• Minimum Investment: ₹1,27,000
• IPO Dates: 10–14 October 2025
• Listing: 17 October 2025 (BSE SME)
• Lead Manager: Khambatta Securities Ltd
• Registrar: Maashitla Securities Pvt Ltd

The first day of SK Minerals & Additives’ IPO highlights the importance of observing early demand patterns and investor segmentation, with retail participation outpacing institutional interest. Investors and market observers can monitor subscription trends and anchor allocations to understand market engagement and pricing preferences over the remaining subscription period.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations