SK Minerals IPO will open for subscription on October 10, 2025, and the issue will close on October 14, 2025. This SME Book Built Issue aims to raise around ₹41.15 crores through a complete fresh issue. The IPO is scheduled to list on the BSE SME platform on October 17, 2025, and the allotment will be finalised on October 15, 2025.
The SK Minerals IPO price band is fixed between ₹120 and ₹127 per share. Investor reservations follow the standard SME format, with 50% allocated to QIBs, 15% to NIIs, and 35% to retail investors.
Financially, the company has shown strong growth. Revenue increased significantly from ₹108.94 crores in FY2024 to ₹212.15 crores in FY2025, while profit after tax rose from ₹3.10 crores to ₹10.94 crores. Based on these numbers, long-term investors may find the IPO appealing.
Contents
SK Minerals IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | October 10, 2025 |
| IPO Close Date | October 14, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹127 |
| Issue Size | Approx ₹41.15 crores |
| Fresh Issue | Approx ₹41.15 crores |
| Offer for Sale | Approx [.] equity shares |
| Issue Type | Book Built Issue |
| Listing | BSE SME |
| DRHP | View PDF |
| RHP | View PDF |
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- Sihora Industries IPO
SK Minerals IPO Market Lot
| Category | Lots | 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 |
Reservation Structure
| Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investor | 9,23,000 | 28.49% |
| QIB (Ex-Anchor) | 6,15,000 | 18.98% |
| NII | 4,62,000 | 14.26% |
| Retail | 10,78,000 | 33.27% |
SK Minerals IPO
Open: 10-14 Oct 2025
Issue Size: ₹41.15 Cr.
Objective: Fund working capital and pay for new plant and machinery.
Exchange: BSE SME
Anchor Investor Details
| Particular | Details |
|---|---|
| Anchor Bidding Date | October 9, 2025 |
| Anchor Investors List | View PDF |
| Shares Offered | 9,23,000 |
| Anchor Size | ₹11.72 crores |
| 50% Lock-in End | November 14, 2025 |
| Remaining 50% Lock-in End | January 13, 2026 |
SK Minerals IPO Dates
| Event | Date |
|---|---|
| IPO Open | October 10, 2025 |
| IPO Close | October 14, 2025 |
| Basis of Allotment | October 15, 2025 |
| Refunds | October 16, 2025 |
| Credit to Demat | October 16, 2025 |
| Listing Date | October 17, 2025 |
| Cut-off Time | October 14, 2025 – 5 PM |
| Particulars | Shares | Percentage |
|---|---|---|
| Pre-Issue | 90,00,000 | 100% |
| Post-Issue | 1,22,40,000 | 73.53% |
| Promoters | Sunita Rani, Mohit Jindal, Rohit Jindal, Shubham Jindal |
Objects of the Issue
| Purpose | Amount (₹ crores) |
|---|---|
| Working Capital Requirement | 31.00 |
| Capital Expenditure for Plant and Machinery | 5.55 |
| General Corporate Purpose | – |
About the Company
SK Minerals and Additives Limited, established in February 2022, operates in the manufacturing and trading of minerals and chemicals. Its product range includes chelated minerals such as glycinates and EDTAs in zinc, copper, and magnesium, calcium propionate, ferric pyrophosphate, magnesium oxide, technical-grade urea, virgin base oil, by-pass fat, and other specialty ingredients.
The company caters to industries like food and bakery, animal feed, plywood, and petroleum. It also processes bentonite, kaolin, barite, talc, dolomite, and other industrial minerals. SK Minerals holds ISO 9001:2015 and ISO 22000:2018 certifications and had 91 permanent employees as of April 2025.
SK Minerals Financial Performance (₹ in crores)
| Period | 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 |
Valuation Metrics – FY2025
| KPI | Value |
|---|---|
| ROE | 46.23% |
| ROCE | 22.88% |
| EBITDA Margin | 9.02% |
| PAT Margin | 5.17% |
| Debt-to-Equity | 1.89 |
| EPS (Basic) | ₹12.15 |
| P/E Ratio | NA |
| RoNW | 46.23% |
| NAV | ₹26.29 |
Peer Comparison
There are no listed peers in this specific segment.
Lead Manager
Khambatta Securities Ltd.
Company Address
SK Minerals and Additives Ltd., Satkartar Building, Near Khalsa Petrol Pump, G.T Road, Khanna, Ludhiana, Punjab 141401
Phone: +91 9041114180
Email: companysecretary@skminerals.net
Website: skminerals.net
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: maashitla.com/allotment-status/public-issues
SK Minerals IPO FAQs
What is SK Minerals IPO?
It is an SME IPO worth ₹41.15 crores, priced between ₹120 and ₹127 per share, listing on BSE SME.
When is the SK Minerals IPO opening?
It opens on October 10, 2025 and closes on October 14, 2025.
What is the investor allocation?
QIB 50%, NII 15%, Retail 35%.
How to apply?
You can apply using ASBA through your bank or via UPI through your broker.
What is the minimum lot size?
The minimum lot consists of 2,000 shares, requiring an investment of ₹2,54,000.
When will allotment take place?
On October 15, 2025.
When will the IPO list?
On October 17, 2025 at BSE SME.
Expert Comment
The SK Minerals IPO stands out for its strong revenue growth, improving profitability, and clear expansion plans. While the valuation will depend on market demand, long-term investors seeking exposure to the chemicals and minerals segment may consider this issue worth evaluating. As always, reviewing your risk appetite before applying is advisable.
