SK Minerals IPO is a book-built issue worth ₹41.15 crore. The issue is entirely a fresh issue of 0.32 crore shares, raising the total issue size. The IPO will open for subscription on October 10, 2025, and close on October 14, 2025.
The basis of allotment is expected to be finalised on October 15, 2025, with tentative listing scheduled on BSE SME for October 17, 2025. The price band for the SK Minerals IPO has been fixed between ₹120 to ₹127 per share.
Investors can bid for SK Minerals IPO with a minimum of 2 lot of, each having 1,000 shares. For retail investors, the minimum investment required is ₹2,54,000. For small non-institutional investors (sNII), the lot size stands at 3 lots, equal to 3,000 shares, amounting to ₹3,81,000. For big non-institutional investors (bNII), the lot size is 8 lots, which translates to 8,000 shares, requiring an investment of ₹10,16,000.
Khambatta Securities Ltd is the book running lead manager (BRLM) and Maashitla Securities Pvt.Ltd. td is the registrar of the issue. Detailed information is available in the SK Minerals IPO RHP.
SK Minerals IPO Objectives
SK Minerals will use the funds raised from the public issue for the following:
- Working capital requirements
- Financing expansion plans
- General corporate purposes
About SK Minerals Limited
Incorporated in 2022, SK Minerals and Additives Limited is engaged in the trading and manufacturing of specialty chemicals, with a core focus on food and feed additives. Over the years, it has established itself as a reliable partner, catering to the diverse requirements of customers across multiple industry segments. Its product portfolio includes a broad range of ingredients and additives that contribute significantly to improving the nutritional value, functionality, and shelf life of various end products.
Key offerings include chelated minerals such as Glycinates and EDTAs (Ethylenediaminetetraacetic Acid) in Zinc, Copper, and Magnesium variants; essential Mineral Mixtures; Calcium Propionate; Ferric Pyrophosphate; Technical Grade Urea; Virgin Base Oil; Magnesium Oxide; By-Pass Fat, along with other allied specialty chemicals. These products are widely used in sectors such as food and bakery, animal feed, petroleum, plywood, and other related industries.
The company operates through a flexible business model that integrates domestic trading, imports, and in-house manufacturing. A substantial share of its trading portfolio consists of imported specialty chemicals, which are stored at port-side warehouses before being dispatched to customers. This operational model enables enhanced control over inventory, product quality, and delivery timelines.
Its manufacturing capabilities are backed by a dedicated in-house Research and Development (R&D) unit located at a DSIR-certified facility in Khanna, Ludhiana, Punjab. The R&D division focuses on innovation, product differentiation, process optimization, and customer-specific formulation development. All manufactured products are developed internally to ensure cost-efficiency, nutritional consistency, and performance enhancement.
Industry Outlook
- India’s food and feed additives market is witnessing rapid growth, fueled by rising demand for processed food, regulatory mandates from bodies like FSSAI and MoFPI, and the need for enhanced livestock productivity.
- The food additives market, valued at ₹42,555 crore (USD 4.9 billion) in FY25, is projected to grow to ₹61,396 crore (USD 7.1 billion) by FY30, registering a CAGR of 7.6%.
- The food additives market is dominated by key categories such as Sweeteners & Flavor Enhancers (39.9%), Acidulants & pH Regulators (24.0%), and Emulsifiers & Stabilizers (20.1%). In terms of application, Dairy & Beverages (37.2%) and Bakery & Confectionery (34.0%) emerge as the largest end-use segments.
- Looking ahead, the industry presents a highly lucrative growth opportunity, driven by regulatory support, shifting consumer preferences, and increasing industrialization in food processing and livestock nutrition.
How To Apply for the SK Minerals IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the SK Minerals IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of SK Minerals IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of SK Minerals IPO
Satkartar Building, Near Khalsa Petrol Pump, G.T Road, Khanna Ludhiana-141401, Punjab, India
Phone: +91 9041114180
E-mail: companysecretary@skminerals.net
SK Minerals IPO Reservation
|
Investor Category |
Shares Offered |
% of Total |
|
Market Maker Shares Offered |
1,62,000 |
5.00% |
|
QIB Shares Offered |
15,38,000 |
— |
|
NII (HNI) Shares Offered |
4,62,000 |
14.26% |
|
Retail Shares Offered |
10,78,000 |
33.27% |
|
Total Shares Offered |
32,40,000 |
100.00% |
SK Minerals IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
2 |
2,000 |
₹2,54,000 |
|
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 Promoter Holding
Mrs. Sunita Rani, Mr. Mohit Jindal, Mr. Rohit Jindal and Mr. Shubham Jindal are the promoters of the company.
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue  |
73.53% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for SK Minerals IPO
|
KPI |
Value |
|
ROE (%) |
24.33 |
|
RoNW (%) |
24.33 |
|
PAT Margin (%) |
2.85 |
|
Debt/Equity |
2.73 |
SK Minerals IPO Prospectus
SK Minerals IPO Registrar and Lead Managers
SK Minerals IPO Lead Managers
- Khambatta Securities Ltd
Registrar for SK Minerals IPO
Maashitla Securities Pvt.Ltd
- Contact Number: 011-47581432
Email Address: investor.ipo@maashitla.com
Financial Performance of SK Minerals Limited
| Particulars | Period Ended on August 31, 2025 | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
|---|---|---|---|
| Revenue from Operations (in ₹ lakhs) | 8,526.69 | 21,167.24 | 10,876.85 |
| EBITDA (in ₹ lakhs) | 878.77 | 1,909.98 | 679.85 |
| EBITDA Margin (%) | 10.31 | 9.02 | 6.25 |
| Profit/loss After Tax (in ₹ lakhs) | 502.49 | 1,093.82 | 309.54 |
| PAT Margin (%) | 5.89 | 5.17 | 2.85 |
| Net Worth (in ₹ lakhs) | 2,868.55 | 2,366.06 | 1,272.24 |
| Debt Equity Ratio (x) | 2.62 | 1.89 | 2.73 |
Know before investing
Strengths
5The company has demonstrated strong capital expenditure growth over the past three years, supporting capacity and capability expansion
It has effectively evolved from a pure trading entity into a manufacturing-focused business, enhancing value creation.
The ability to serve a wide range of industries and meet diverse customer needs reflects operational flexibility and customer satisfaction.
Around 25% of revenue comes from government clients, offering stability, low credit risk, and brand credibility.
A wide geographical footprint across multiple Indian states helps mitigate regional risks and enhances market penetration.
Risks
5The company faces increasing competition from both domestic and international players, which could impact market share and pricing power.
Fluctuations in raw material costs due to economic conditions may adversely affect margins and cost structures.
Delays or failures in securing necessary approvals, licenses, or permits can hinder operations and expansion plans.
The company’s growth may be constrained by its ability to attract and retain skilled professionals.
Dependence on loans for working capital leads to significant interest expenses, impacting profitability.
