SK Minerals & Additives was incorporated on Februar 10, 2022. The company manufactures and trades specialty chemicals, primarily focusing on food and feed additives, serving diverse industries with products like chelated minerals, mineral mixtures, and allied chemicals. Its integrated model of imports, domestic trading, and in-house production ensures quality, inventory control, and timely delivery
| Bidding Dates |
|---|
| 10 Oct 2025 - 14 Oct 2025 |
| Subscription |
|---|
| 3.35x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 1000 | 3.2 M | ₹120 - ₹127 | 73.53 % | ₹388.8 M - ₹411.5 M | RHP DOC |
SK Minerals Additives IPO SUBSCRIPTION STATUS
14 Oct '25SK Minerals Additives IPO overall subscription rate was 3.35 times the total available shares
SK Minerals Additives IPO retail subscription rate was 4.52 times in the retail segment
SK Minerals Additives IPO non-institutional investor subscription rate was 9.98 times in the non-institutional investor category
SK Minerals Additives IPO Qualified Institutional Bidder subscription rate was 0.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Oct 2025 (Day 3) | 4.52x | 9.98x | 0.54x |
13 Oct 2025 (Day 2) | 0.81x | 2.01x | - |
10 Oct 2025 (Day 1) | 0.36x | 0.04x | 0x |
SK Minerals Additives FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 5MFY26 | 85.3 | 5.0 | -34.2 | -34.5 | 10.3% |
| FY25 | 211.7 | 10.9 | -2.9 | -3.9 | 9.0% |
| FY24 | 108.8 | 3.1 | -9.0 | -11.0 | 6.3% |
| FY23 | 132.2 | 1.9 | -11.2 | -13.1 | 3.0% |
SK Minerals Additives IPO SUBSCRIPTION STATUS DETAILS
SK Minerals Additives had 3.2 M shares on offer
SK Minerals Additives IPO offer price was in the range ₹120 - ₹127
SK Minerals Additives IPO minimum Investment was ₹240000
SK Minerals Additives IPO issue size was ₹ 388.8 M - ₹ 411.5 M
SK Minerals Additives had a minimum lot size of 1000 Shares per application
SK Minerals Additives NUMBER OF SHARES ON OFFER
SK Minerals Additives IPO IMPORTANT DATES
| Issue Open Date | 10 Oct 2025 |
| Issue close Date | 14 Oct 2025 |
| Allotment Date | 15 Oct 2025 |
| Refund Date | 16 Oct 2025 |
| Demat Account Credit Date | 16 Oct 2025 |
| Listing Date | 17 Oct 2025 |
| Listing on Exchange(s) | BSE |
| SK Minerals Additives Allotment Status | Exchange/ Registrar |
SK Minerals Additives IPO subscription opened on 10 Oct 2025, and closed on 14 Oct 2025
IPO allotment for SK Minerals Additives was finalized on Wednesday, 15 Oct 2025
IPO listing for SK Minerals Additives was on BSE on Friday, 17 Oct 2025
SK Minerals Additives IPO LISTING GAINS
| Issue Price (adjusted) | 127.0 |
| Listing Open Price | 145.0 |
| Listing Close Price | 152.3 |
| Listing Gain% | 14.2% |
| Current Gain% | 262.2% |
SK Minerals Additives Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SK Minerals & Additives Ltd. | 460 | 563 | 31.1 | 0.5 | 1.8 | 22.5 | 9.7 | 319.2 | 50.5 | 18.1 | 65.7 | 14.8 | 65.7 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
SK Minerals Additives INFORMATION ON IPO ISSUE
About SK Minerals Additives
SK Minerals & Additives was incorporated on Februar 10, 2022. The company manufactures and trades specialty chemicals, primarily focusing on food and feed additives, serving diverse industries with products like chelated minerals, mineral mixtures, and allied chemicals. Its integrated model of imports, domestic trading, and in-house production ensures quality, inventory control, and timely delivery
Object of the Issue
- To meet the working capital requirements of the company
- To fund the expansion plan of the company i.e. capital expenditure towards purchase of plant and machinery
- General corporate purpose
SK Minerals Additives - PROMOTERS
| Name |
|---|
| Sunita Rani |
| Mohit Jindal |
| Rohit Jindal |
| Shubham Jindal |
SK Minerals Additives - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mohit Jindal | Chairman & Managing Director |
| Rohit Jindal | Executive Director |
| Shubham Jindal | Executive Director |
| Lakshmi Shankarnarayanan Iyer | Independent Director |
| Ramit Sikka | Independent Director |
| Kapil Khera | Independent Director |
SK Minerals Additives Book Running Lead Manager
Khambatta Securities Ltd.
ipo@khambattasecurities.com
SK Minerals Additives Registrar to the issue
Maashitla Securities Private Ltd.
investor.ipo@maashitla.com
SK Minerals Additives Strengths
Diversified client base
The company’s strength lies in its diversified customer base across sectors like food and bakery, animal feed, plywood, and petroleum, reducing dependence on any single industry. This broad client portfolio enhances revenue stability and supports long-term growth
Pan India presence
The company’s pan-India presence across multiple states enables it to serve diverse markets, reduce regional risks, and gain deeper market insights. This extensive reach strengthens supply chain efficiency, customer service, and long-term growth prospects
Mix trading & manufacturing
The company combines manufacturing and trading to ensure product quality, innovation, and cost efficiency while meeting diverse market demands. This dual approach enhances operational efficiency, market presence, and offers customers a wide range of competitively priced products
SK Minerals Additives Risks
Depend on governent customers
About 25% of the company’s revenue comes from government and public sector customers, who typically have longer payment cycles of 30–60 days compared to 15–30 days for private clients. This can increase working capital requirements and impact cash flow and liquidity
Depend on direct sales model
The company relies on a direct-to-customer sales model without intermediaries, which enhances control over pricing and relationships but increases dependence on its internal sales team. Any decline in key customer revenue, difficulty in acquiring new clients, or sales team challenges could adversely impact business performance, cash flows, and financial condition
Operational risks
The company’s manufacturing facility in Khanna, Ludhiana, Punjab, faces risks such as equipment failure, natural disasters, power loss, accidents, or regulatory compliance issues. Any prolonged production delays or shutdowns could materially impact its business, financial condition, and operations
IPO FAQs
The promoters of the company are Sunita Rani, Mohit Jindal, Rohit Jindal and Shubham Jindal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 120.0 - 127.0.
The IPO application opens on Oct 10, 2025 and closes on Oct 14, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 254,000.0.
This IPO will be allotted on Oct 15, 2025.
The refund will be credited to your account on Oct 16, 2025.
The allotted shares will be credited to your demat on Oct 16, 2025.
SK Minerals & Additives Ltd.’s shares listed on the stock exchanges on Oct 17, 2025.