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IPO News
SK Minerals & Additives Limited IPO opens on Friday, October 10, 2025; Price Band fixed at ₹120-₹127
Posted On : 2025-10-09 23:55:23( TIMEZONE : IST )
Speciality chemicals manufacturing and trading company SK Minerals & Additives Limited on Tuesday announced that its initial public offering (IPO) will open for subscription on Friday, October 10, 2025, and close on Tuesday, October 14, 2025. The anchor investor portion will open a day earlier, on Thursday, October 09, 2025. The company aims to raise approximately ₹41.15 crore through this public issue, with a price band fixed at ₹120 to ₹127 per equity share.
The IPO comprises a fresh issue of up to 32.40 lakh equity shares. The allocation includes 9.23 lakh shares for anchor investors, 10.78 lakh shares for retail individual investors, 4.62 lakh shares for non-institutional investors (NIIs), and 6.15 lakh shares for qualified institutional buyers (QIBs), excluding the anchor portion. A further 1.62 lakh shares are reserved for market makers.
According to the Red Herring Prospectus, the company plans to utilize the net proceeds primarily for working capital requirements (₹31.00 crore) and capital expenditure towards the purchase of plant and machinery (₹5.05 crore). The remaining funds will be allocated for general corporate purposes and issue-related expenses.
SK Minerals & Additives Limited is engaged in the manufacturing and trading of specialty chemicals, with a core focus on food and feed additives. Its diverse product portfolio includes chelated minerals, mineral mixtures, and other allied chemicals catering to industries such as food and bakery, animal feed, and petroleum. The company operates from a DSIR-certified manufacturing facility in Khanna, Punjab, which houses an in-house Research and Development unit focused on product innovation.
The company reported revenue from operations of ₹85.27 crore with a profit after tax (PAT) of ₹5.02 crore for the first five months of the current financial year, ended August 31, 2025. This compares to a full-year revenue of ₹211.67 crore and a PAT of ₹10.94 crore for the previous financial year (FY25).
Khambatta Securities Limited is the Book Running Lead Manager for the issue, and Maashitla Securities Private Limited is the Registrar. The equity shares are proposed to be listed on the BSE SME platform.
