SK Minerals IPO is all set to open for subscription on October 10, 2025, and will close on October 14, 2025. This IPO is a Book Built Issue through which the company aims to raise approximately ₹41.15 crores. The issue comprises a fresh issue worth ₹41.15 crores and an offer for sale (OFS) of up to [.] equity shares, each with a face value of ₹10. The price band for the SK Minerals IPO has been fixed at ₹120 to ₹127 per share. The IPO allocation includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO allotment date is expected on October 15, 2025, and the listing will take place on the BSE on October 17, 2025.
Financially, SK Minerals has showcased robust growth over the past year. The company’s revenue surged to ₹212.15 crores in FY2025, a significant rise from ₹108.94 crores in FY2024. Similarly, the net profit jumped to ₹10.94 crores in FY2025 compared to ₹3.10 crores in FY2024.
Table of contents
- SK Minerals IPO Date & Price Band Details
- SK Minerals IPO Market Lot
- SK Minerals IPO Reservation
- SK Minerals IPO Anchor Investors
- SK Minerals IPO Allotment & Listing Dates
- SK Minerals IPO: Promoters and Holding Pattern
- Objects of the Issue & Utilisation of proceeds – SK Minerals IPO
- SK Minerals IPO Company Financial Report
- SK Minerals IPO Valuation – FY2025
- SK Minerals IPO Peer Group Comparison
- SK Minerals Company Overview, Key Points, Strengths, and Risks
- SK Minerals IPO Registrar
- IPO Lead Managers aka Merchant Bankers
- SK Minerals Company Address
- FAQs about SK Minerals IPO
SK Minerals IPO Date & Price Band Details
SK Minerals IPO will open on October 10, 2025, and close on October 14, 2025. This Book Built Issue aims to raise around ₹41.15 crores with a price band of ₹120–₹127 per share and a face value of ₹10. The IPO will list on BSE SME.
| IPO Details | Details |
|---|---|
| IPO Open Date | October 10, 2025 |
| IPO Close Date | October 14, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹120 to ₹127 Per Share |
| Issue Size | Approx ₹41.15 Crores |
| Fresh Issue | Approx ₹41.15 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
SK Minerals IPO Market Lot
The SK Minerals IPO lot size is set at 2,000 shares per lot. For retail investors, the minimum and maximum application is 2 lots (2,000 shares) amounting to ₹2,54,000. For S-HNI investors, the minimum investment is 3 lots (3,000 shares) totaling ₹3,81,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,54,000 |
| Retail Maximum | 2 | 2,000 | ₹2,54,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,81,000 |
The SK Minerals IPO Subscription Status will be updated after the bidding process begins on October 10, 2025.
SK Minerals IPO Reservation
In the SK Minerals IPO, a total of 30,78,000 shares are offered. The QIB category receives 15,38,000 shares (50%), while NII investors are allotted 4,62,000 shares (14.26%). The retail quota comprises 10,78,000 shares (33.27%), and there is no anchor investor reservation in this IPO.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 15,38,000 Shares | 50% |
| NII Shares Offered | 4,62,000 Shares | 14.26% |
| Retail Shares Offered | 10,78,000 Shares | 33.27% |
SK Minerals IPO Anchor Investors
The Anchor Bidding Date for the SK Minerals IPO is October 09, 2025. The Anchor Investors List will be available in a PDF format after allocation. A total of [.] shares will be offered to anchors, amounting to [.] crores. The lock-in period for 50% of shares ends on November 14, 2025, and the remaining 50% on January 13, 2026.
| Anchor Event | Details |
|---|---|
| Anchor Bidding Date | October 09, 2025 |
| Anchor Investors List | Click Here |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | November 14, 2025 |
| lock-in period end date 50% shares (90 Days) | January 13, 2026 |
SK Minerals IPO Allotment & Listing Dates
The SK Minerals IPO will open on October 10, 2025, and close on October 14, 2025, with a bidding cut-off time of 5 PM on the closing day. The basis of allotment is scheduled for October 15, 2025, followed by refunds and credit to Demat accounts on October 16, 2025. The IPO listing date is set for October 17, 2025, on the BSE SME platform.
| Event | Date |
|---|---|
| IPO Open Date: | October 10, 2025 |
| IPO Close Date: | October 14, 2025 |
| Basis of Allotment: | October 15, 2025 |
| Refunds: | October 16, 2025 |
| Credit to Demat Account: | October 16, 2025 |
| IPO Listing Date: | October 17, 2025 |
| IPO Bidding Cut-off Time: | October 14, 2025 – 5 PM |
SK Minerals IPO: Promoters and Holding Pattern
The promoters of SK Minerals are Mrs. Sunita Rani, Mr. Mohit Jindal, Mr. Rohit Jindal, and Mr. Shubham Jindal. Before the IPO, the promoters collectively held 90,00,000 shares, representing 100% of the company’s equity. After the issue, their holding will reduce to 1,22,40,000 shares, accounting for 73.53% of the post-issue shareholding.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 90,00,000 | 100% |
| Promoter Holding Post Issue | 1,22,40,000 | 73.53% |
Objects of the Issue & Utilisation of proceeds – SK Minerals IPO
The objects of the SK Minerals IPO primarily focus on business growth and operational expansion. Out of the total proceeds, ₹31.00 crores will be allocated towards working capital requirements, ensuring smooth business operations. Around ₹5.55 crores will be used to fund the company’s expansion plan, including capital expenditure for purchasing new plant and machinery. The remaining funds will be utilized for general corporate purposes, supporting overall business development and sustainability.
| Purpose | Crores |
|---|---|
| Working Capital Requirement | 31.00 |
| To fund the expansion plan of the Company i.e. Capital expenditure towards purchase of Plant and Machinery | 5.55 |
| General Corporate Purpose | – |
SK Minerals IPO Company Financial Report
SK Minerals IPO financials show strong growth with revenue rising to ₹212.15 crores in 2025 from ₹108.94 crores in 2024 and ₹132.59 crores in 2023. The profit after tax (PAT) surged to ₹10.94 crores, and assets increased to ₹75.18 crores, reflecting consistent financial performance and business expansion.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹132.59 | ₹129.83 | ₹1.89 | ₹37.54 |
| 2024 | ₹108.94 | ₹104.83 | ₹3.10 | ₹54.05 |
| 2025 | ₹212.15 | ₹196.89 | ₹10.94 | ₹75.18 |
| August 2025 | ₹85.38 | ₹78.43 | ₹5.02 | ₹114.39 |
SK Minerals IPO Valuation – FY2025
The key performance indicators (KPIs) of SK Minerals IPO reflect a strong financial foundation. The company has a solid ROE of 46.23% and ROCE of 22.88%, indicating efficient capital utilization. With an EBITDA margin of 9.02%, PAT margin of 5.17%, and EPS of ₹12.15, SK Minerals demonstrates impressive profitability and growth potential. The debt-to-equity ratio stands at 1.89, while the Net Asset Value (NAV) is ₹26.29, showcasing a healthy financial position for long-term investors.
| KPI | Values |
|---|---|
| ROE: | 46.23% |
| ROCE: | 22.88% |
| EBITDA Margin: | 9.02% |
| PAT Margin: | 5.17% |
| Debt to equity ratio: | 1.89 |
| Earning Per Share (EPS): | ₹12.15 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 46.23% |
| Net Asset Value (NAV): | ₹26.29 |
SK Minerals IPO Peer Group Comparison
- There are no listed companies in India.
SK Minerals Company Overview, Key Points, Strengths, and Risks
SK Minerals & Additives Limited is an Indian company primarily engaged in the manufacturing and trading of specialty chemicals and industrial minerals, with a core focus on food and feed additives.
- Founded: The company, or its predecessor proprietorship firm (M/s S.K. Minerals), has been in the business since around 2010, but the limited company was incorporated in February 2022.
- Business Model: It employs a flexible approach combining domestic trading, imports, and in-house production from its manufacturing unit in Khanna, Ludhiana, Punjab.
- Product Range: Key products include chelated minerals (like Glycinates and EDTAs in Zinc, Copper, Magnesium), essential mineral mixtures, Calcium Propionate, Technical Grade Urea, Virgin Base Oil, and Magnesium Oxide.
- End-Use Industries: It caters to diverse sectors, including food and bakery, animal feed (cattle/poultry), petroleum, plywood, and other allied industries.
Key Points
- Dual Focus: The company operates as both a manufacturer (with an in-house R&D unit) and a trader (significantly relying on imported specialty chemicals).
- Certifications: It holds international certifications like ISO 9001:2015 (Quality Management) and ISO 22000:2018 (Food Safety Management), and follows Good Manufacturing Practices (GMP).
- Geographical Presence: It has a broad customer base across several states in India, aiming to mitigate region-specific risks.
- Government Revenue: A notable portion of its revenue (approximately 25%) is generated from Government customers and Public Sector Undertakings (PSUs).
Strengths
| Strength | Description |
|---|---|
| Diversified Business Segments | Serves multiple essential industries (food, feed, petroleum, plywood), providing resilience against a slowdown in any single sector. |
| Mixed Operational Model | The blend of in-house manufacturing and strategic trading allows for supply chain flexibility, cost optimization, and wider product availability. |
| Quality Compliance | ISO and GMP certifications ensure adherence to global quality and food safety standards, which is crucial for the food and feed additives segments. |
| In-house R&D | A dedicated, DSIR-certified R&D unit supports innovation, product formulation, and continuous quality improvement. |
| Promoter Experience | The promoters possess over a decade of experience in the specialty chemicals industry, providing a strong understanding of market dynamics. |
Risks
| Risk | Description |
|---|---|
| High Reliance on Trading & Imports | A substantial portion of revenue is generated from trading, heavily dependent on imported specialty chemicals. This exposes the company to supply chain disruptions, foreign exchange rate fluctuations, and procurement price volatility. |
| Working Capital and Liquidity | The business has high working capital requirements and has historically shown negative cash flow from operating activities. Its current ratio has also been cited as being below generally healthy levels. |
| Dependency on Key Suppliers | The company is reliant on a few key parties for its sourcing/trading operations, which could pose risks related to continuity of supply, bargaining power, and operational stability. |
| Limited Operating History | As a limited company incorporated in early 2022, it has a relatively short operating history to demonstrate long-term consistent performance under various economic cycles. |
| Inconsistent Financial Performance | Financial reviews have noted inconsistency in top-line revenue (sales) in reported periods, and the recent sharp boost in profit margins has been viewed with caution by some analysts. |
SK Minerals IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Khambatta Securities Ltd.
SK Minerals Company Address
SK Minerals & Additives Ltd.
Satkartar Building, Near Khalsa Petrol Pump
G.T Road
Khanna
Ludhiana, Punjab, 141401
Phone: +91 9041114180
Email: companysecretary@skminerals.net
Website: https://skminerals.net/
FAQs about SK Minerals IPO
The SK Minerals IPO opens for subscription on October 10, 2025, and closes on October 14, 2025. The allotment is expected on October 15, 2025, and the listing on October 17, 2025.
The price band for the SK Minerals IPO is fixed at ₹120 to ₹127 per equity share, with a face value of ₹10 per share.
The minimum market lot size for the IPO is 2,000 shares. A retail investor is required to apply for a minimum of 2 lots (2,000 shares), amounting to ₹2,54,000 at the upper price band.
The company plans to raise approximately ₹41.15 crores, which is entirely a fresh issue of equity shares.
The SK Minerals IPO will be listed on the BSE SME platform.
The primary objects of the issue are to fund working capital requirements (₹31.00 crores) and finance capital expenditure for purchasing new Plant and Machinery (₹5.55 crores) for the company’s expansion plan.
The company’s revenue showed strong growth, surging to ₹212.15 crores in FY2025 from ₹108.94 crores in FY2024. Net profit also jumped significantly to ₹10.94 crores in FY2025.
The promoters are Mrs. Sunita Rani, Mr. Mohit Jindal, Mr. Rohit Jindal, and Mr. Shubham Jindal. Their collective shareholding will be 73.53% of the post-issue equity.
The share reservation is: 50% for Qualified Institutional Buyers (QIBs), 14.26% for Non-Institutional Investors (NIIs), and 33.27% for Retail Investors.
SK Minerals & Additives Limited is primarily engaged in the manufacturing and trading of specialty chemicals and industrial minerals, with a core focus on food and feed additives.
Disclaimer: This content is provided strictly for educational and informational purposes only. The securities or investments mentioned are based on publicly available information and should not be construed as investment advice or recommendations. Investors are advised to consult with their financial advisor before making any investment decisions.
