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.
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.
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.
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
The promoters are Sunita Rani, Mohit Jindal, Rohit Jindal, and Shubham Jindal.
Khambatta Securities Limited is the book-running lead manager. Maashitla Securities Private Limited is the registrar to the issue.
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
We're Live on WhatsApp! Join our channel for market insights & updates