CALCULATE YOUR SIP RETURNS

SK Minerals & Additives Files Draft Papers for IPO with BSE SME

Written by: Team Angel OneUpdated on: May 6, 2025, 2:45 PM IST
SK Minerals & Additives files ₹31 crore SME IPO draft with BSE; plans fresh issue of 32.4 lakh shares to fund working capital, capex, and general expenses.
SK Minerals & Additives Files Draft Papers for IPO with BSE SME
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Ludhiana-based SK Minerals & Additives has filed draft papers with the BSE SME platform to raise funds through an Initial Public Offering (IPO). The IPO comprises a fresh issue of up to 32.4 lakh equity shares with a face value of ₹10 each. The company filed its Draft Red Herring Prospectus (DRHP) on April 28, 2025. The shares are proposed to be listed on the BSE SME exchange.

Use of Proceeds

  • ₹310 million towards working capital
  • ₹55.54 million for capital expenditure, including the purchase of plant and machinery
  • The remaining amount will be used for general corporate purposes

Company Background

Incorporated in February 2022, SK Minerals & Additives is involved in the manufacturing, processing, and supply of speciality chemicals and industrial minerals. The company works with materials like bentonite, talc, dolomite, barite, and kaolin. It operates through a combination of in-house production, imports, and domestic trading.

Product Applications

The company’s products are used in industries such as food and bakery, animal feed, petroleum, plywood, ceramics, plastics, rubber, agriculture, and oil drilling. It also has a research and development pipeline focused on specialised chemical products.

Financials

In the first seven months of FY25, ending October 31, 2024, the company reported ₹113.92 crore in revenue from operations and a net profit of ₹5 crore. For the full FY24, the company reported ₹108.76 crore in revenue and ₹3.09 crore in net profit.

Read More: Upcoming IPO in 2025

Shareholding and Structure

  • Pre-issue shareholding: 90,00,000 shares
  • Post-issue shareholding: 1,22,40,000 shares
  • Market maker portion: 1,62,000 shares

The promoters are Sunita Rani, Mohit Jindal, Rohit Jindal, and Shubham Jindal.

Lead Manager and Registrar

Khambatta Securities Limited is the book-running lead manager. Maashitla Securities Private Limited is the registrar to the issue.

Conclusion

This IPO presents an opportunity for the company the expand its operations within the speciality chemicals and industrial minerals sector. The proposed listing on the BSE SME exchange marks a significant step in the company’s growth trajectory, supported by experienced lead managers and registrars.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: May 6, 2025, 2:45 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers