Punjab's SK Minerals & Additives Ltd files DRHP with BSE SME

SK Minerals & Additives Limited, a manufacturer and trader of specialty chemicals, today announced the filing of its Draft Red Herring Prospectus (DRHP) with BSE SME. The company's initial public offering comprises a fresh issuance of 32,40,000 Equity Shares, each with a face value of ₹10. Khambatta Securities Limited is the sole Book Running Lead Manager to the Issue, and Maashitla Securities Private Limited is the Registrar.

The Khanna, Punjab-headquartered company is engaged in the business of trading and manufacturing of specialty chemicals, with a primary focus on food and feed additives. Its product portfolio comprises a wide range of ingredients and additives, including chelated minerals such as Glycinates and EDTAs (Ethylenediaminetetraacetic Acid) in variants of Zinc, Copper, and Magnesium; essential Mineral Mixtures; Calcium Propionate; Ferric Pyrophosphate; Technical Grade Urea; Virgin Base Oil; Magnesium Oxide; By-Pass Fat and other allied specialty chemicals. These products serve critical functions in various applications, particularly in the food and bakery, animal feed, petroleum, plywood, and other allied industries.

According to DRHP, the company intends to utilize ₹31.00 crore of the total IPO proceeds to meet working capital requirement, ₹5.55 crore for capital expenditure towards purchase of plant and machinery and the remaining funds will be used for general corporate purposes. The company plans to expand its manufacturing facility and invest in the purchase of plant & machinery to increase the production capacity from 3,600 MT to 5,400 MT per annum.

The company's manufacturing operations are supported by a dedicated in-house Research and Development (R&D) unit, located at its DSIR-certified facility at Khanna in Punjab. Its R&D efforts focus on innovation, product differentiation, process improvement, and customer-centric formulation development. Every manufactured product is developed in-house to ensure cost-efficiency, nutritional integrity, and performance enhancement.

SK Minerals & Additives is currently developing niche and next-generation products within its R&D pipeline. These pipeline products are designed to address performance gaps in target sectors such as automotive, polymer, pharmaceuticals, nutraceuticals, and specialty manufacturing. Some of the key products under development include Flame Retardant, Omega-3 and Vitamin D2.

The company's widespread geographical presence across India is a key competitive advantage that enables it to cater to a diverse customer base and tap into multiple regional markets. It has established its footprint in various states such as West Bengal, Uttar Pradesh, Haryana, Karnataka, Punjab, Gujarat, Bihar, Maharashtra, and Kerala.

SK Minerals & Additives is promoted by Mrs. Sunita Rani, Mr. Mohit Jindal, Mr. Rohit Jindal and Mr. Shubham Jindal. Backed by an experienced management team, a diversified product range, ongoing investments in quality and R&D, and a scalable business model, the company is well-positioned to capitalize on growth opportunities in the specialty chemicals segment and continue delivering value to its stakeholders.

The company registered ₹113.92 crore revenue from operations with a profit (PAT) of ₹5 crore in the first seven months of the financial year 2025, ended October 31, 2024, compared to ₹108.76 crore revenue from operations and a profit (PAT) of ₹3.09 crore in FY24.

Source : Equity Bulls

Keywords

SKMineralsandAdditives FundRaising IPO DRHP BSESME