Bookbuilding IPO | ₹41 Cr | Listed at BSE SME | Fri, Oct 10, 2025 - Tue, Oct 14, 2025
SK Minerals IPO is a book build issue of ₹41.15 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹41.15 crore.
SK Minerals IPO bidding started from Oct 10, 2025 and ended on Oct 14, 2025. The allotment for SK Minerals IPO was finalized on Oct 15, 2025. The shares got listed on BSE SME on Oct 17, 2025.
SK Minerals IPO price band is set at ₹127 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,54,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,81,000.
Khambatta Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to SK Minerals IPO RHP for detailed Information.
IPO Open
Fri, Oct 10, 2025
IPO Close
Tue, Oct 14, 2025
Issue Price
₹127 per share
Market Cap (Pre-IPO)
₹155.45 Cr
| IPO Date | 10 to 14 Oct, 2025 |
| Listed on | Fri, Oct 17, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹127 |
| Issue Price | ₹127 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 32,40,000 shares (agg. up to ₹41 Cr) |
| Reserved for Market Maker | 1,62,000 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 30,78,000 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 30,78,000 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,22,40,000 shares |
| BSE Script Code | 544584 |
| ISIN | INE13YH01017 |
SK Minerals IPO comprises a total issue size of 32,40,000 shares. The net offer to the public is 30,78,000 shares, after excluding 1,62,000 shares allotted on a firm basis. Of the Net offer 15,38,000 (49.97%) are allocated to QIB, 4,62,000 (15.01%) allocated to NII 10,78,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 15,38,000 | 49.97% | 47.47% |
| − Anchor Investor Shares Offered | 9,23,000 | 28.49% | |
| − QIB (Ex. Anchor) Shares Offered | 6,15,000 | 18.98% | |
| NII (HNI) Shares Offered | 4,62,000 | 15.01% | 14.26% |
| − bNII > ₹10L | 3,08,000 | 9.51% | |
| − sNII < ₹10L | 1,54,000 | 4.75% | |
| Retail Shares Offered | 10,78,000 | 35.02% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,62,000 | 5.00% | |
| Total Shares Offered | 32,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,54,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,16,000 |
SK Minerals IPO raises ₹11.72 crore from anchor investors. SK Minerals IPO Anchor bid date is October 9, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Oct 9, 2025 |
| Shares Offered | 9,23,000 |
| Anchor Portion (₹ Cr.) | 11.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 13, 2026 |
Incorporated in February 2022, SK Minerals and Additives Limited is engaged in the manufacturing, processing, and supply of industrial minerals and speciality chemicals.
SK Minerals and Additives Limited specialises in the processing of materials such as bentonite, barite, talc, dolomite, kaolin, and other industrial minerals.
The company uses a flexible business model that integrates domestic trading, imports, and in-house production.
The company holds ISO 9001:2015 and ISO 22000:2018 certifications for its Quality Management System.
The company provides a wide range of mineral-based solutions that cater to various industries, including ceramics, paints, plastics, rubber, agriculture, construction, and oil drilling.
The company's manufacturing facility is situated in Ludhiana, Punjab over an area of 39,222.75 sq. ft.
As of April 20, 2025, the company had 91 permanent employees.
Competitive Strength:
SK Minerals & Additives Ltd.'s revenue increased by 95% and profit after tax (PAT) rose by 253% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 114.39 | 75.18 | 54.05 | 37.54 |
| Total Income | 85.38 | 212.15 | 108.94 | 132.59 |
| Profit After Tax | 5.02 | 10.94 | 3.10 | 1.89 |
| EBITDA | 8.79 | 19.10 | 6.80 | 3.91 |
| NET Worth | 28.69 | 23.66 | 12.72 | 6.23 |
| Reserves and Surplus | 19.69 | 14.66 | 7.72 | 4.63 |
| Total Borrowing | 75.12 | 39.13 | 32.36 | 23.11 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 31.00 |
| 2 | To fund the expansion plan of the Company i.e. Capital expenditure towards purchase of Plant and Machinery | 5.05 |
| 3 | General Corporate Purpose | 2.70 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 46.23% |
| ROCE | 22.88% |
| Debt/Equity | 1.89 |
| RoNW | 46.23% |
| PAT Margin | 5.17% |
| EBITDA Margin | 9.02% |
| Price to Book Value | 4.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.15 | 9.85 |
| P/E (x) | 10.45 | 12.89 |
| Promoter Holding | 100% | 73.53% |
| Market Cap | ₹155.45 Cr. |
The SK Minerals IPO is subscribed 3.52 times on October 14, 2025 5:04:37 PM (Day 3). The public issue subscribed 3.39 times in the individual investors category, 1.01 times in the QIB category, and 7.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.01 | 6,15,000 | 6,22,000 | 0 |
| NII* | 7.15 | 4,62,000 | 33,05,000 | 0 |
| bNII (bids above ₹10L) | 8.84 | 3,08,000 | 27,22,000 | |
| sNII (bids below ₹10L) | 3.79 | 1,54,000 | 5,83,000 | |
| Individual Investor | 3.39 | 10,78,000 | 36,58,000 | 0 |
| Total | 3.52 | 21,55,000 | 75,85,000 | 2,261 |
Total Application : 2,261
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager | 0.40 |
| 2 | Underwriting Commission | 0.20 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable to the legal advisor to the Issuer | 0.12 |
| 5 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 1.46 |
| 6 | Fees Payable to Regulators including Stock Exchange and other Intermediaries | 0.09 |
| 7 | Fees payable to Peer Review Auditor | 0.03 |
| 8 | Fees Payable to Market Maker (for first Year) | 0.03 |
| 9 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.01 |
| 10 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTA or the CDPs and submitted to them | 0.01 |
| 11 | Other Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹127.00 |
| Open | ₹145.00 |
| Low | ₹145.00 |
| High | ₹152.25 |
| Last Trade | ₹152.25 |
Lead Manager Reports
SK Minerals IPO is a SME IPO of 32,40,000 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹127 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Oct 10, 2025, and closes on Tue, Oct 14, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SK Minerals IPO using UPI as a payment gateway. Zerodha customers can apply in SK Minerals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SK Minerals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SK Minerals IPO opens on Fri, Oct 10, 2025 and closes on Tue, Oct 14, 2025.
SK Minerals IPO lot size is 1000, and the minimum amount required for application is ₹2,54,000, with 2 lots being the minimum application size.
You can apply in SK Minerals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SK Minerals IPO will be done on Wednesday, October 15, 2025, and the allotted shares will be credited to your demat account by Thu, Oct 16, 2025. Check the SK Minerals IPO allotment status.
The SK Minerals IPO listing date is on Fri, Oct 17, 2025.
