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SK Minerals & Additives Ltd. 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 ₹127.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,54,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for 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 Date | October 10, 2025 to October 14, 2025 |
| Listing Date | October 17, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹127 per share |
| Issue Price Final | ₹127 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,40,000 shares (aggregating up to ₹41.15 Cr) |
| Reserved for Market Maker | 1,62,000 shares Rikhav Securities Ltd. (aggregating up to ₹2.06 Cr) |
| Net Offered to Public | 30,78,000 shares (aggregating up to ₹39.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,22,40,000 shares |
SK Minerals IPO offers total 32,40,000 shares. Out of which 15,38,000 (47.47%) allocated to QIB, 6,15,000 (18.98%) allocated to QIB (Ex- Anchor), 4,62,000 (14.26%) allocated to NII 10,78,000 (33.27%) allocated to RII and 9,23,000 (28.49%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,62,000 (5.00%) |
| QIB Shares Offered | 15,38,000 (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 (14.26%) |
| − bNII > ₹10L | 3,08,000 (9.51%) |
| − sNII < ₹10L | 1,54,000 (4.75%) |
| Retail Shares Offered | 10,78,000 (33.27%) |
| Total Shares Offered | 32,40,000 (100.00%) |
SK Minerals IPO raises ₹11.72 crore from anchor investors. SK Minerals IPO Anchor bid date is October 9, 2025. SK Minerals IPO Anchor Investors list
| Bid Date | October 9, 2025 |
| Shares Offered | 9,23,000 |
| Anchor Portion Size (In Cr.) | 11.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 13, 2026 |
SK Minerals IPO opens on October 10, 2025, and closes on October 14, 2025.
| IPO Open Date | Fri, Oct 10, 2025 |
| IPO Close Date | Tue, Oct 14, 2025 |
| Tentative Allotment | Wed, Oct 15, 2025 |
| Initiation of Refunds | Thu, Oct 16, 2025 |
| Credit of Shares to Demat | Thu, Oct 16, 2025 |
| Tentative Listing Date | Fri, Oct 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 14, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | 155.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.15 | 9.85 |
| P/E (x) | 10.45 | 12.89 |
The Company SK Minerals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] SMAL is engaged in the business of trading and manufacturing of specialty chemicals with primary focus on food and feed additives. The company posted inconsistency in its top lines for the reported periods. Boosted bottom lines from FY24 onwards raise eyebrows as in pre-IPO period it has reported spectacular earnings, which appears to be a window dressing for fancy valuations. Based on its recent financial data, the issue appears fully priced. Well-informed/risk seekers may park moderate funds for long term. Read detail review...
| Listing Date | October 17, 2025 |
| BSE Script Code | 544584 |
| NSE Symbol | |
| ISIN | INE13YH01017 |
| Final Issue Price | ₹127 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹127.00 |
| Open | ₹145.00 |
| Low | ₹145.00 |
| High | ₹152.25 |
| Last Trade | ₹152.25 |
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/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
SK Minerals IPO is a SME IPO of 32,40,000 equity shares of the face value of ₹10 aggregating up to ₹41.15 Crores. The issue is priced at ₹127 per share. The minimum order quantity is 1000.
The IPO opens on October 10, 2025, and closes on October 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 October 10, 2025 and closes on October 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 Thursday, October 16, 2025. Check the SK Minerals IPO allotment status.
The SK Minerals IPO listing date is on Friday, October 17, 2025.
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