In 2025, India’s IPO market continues to witness strong participation from investors, with companies across diverse sectors accessing capital markets. Among these is SK Minerals & Additives Limited, a specialist in industrial minerals and speciality chemicals, set to open its IPO on October 10, 2025, providing investors an opportunity to participate in its growth story.
About SK Minerals & Additives Ltd.
Incorporated in February 2022, SK Minerals & Additives Limited manufactures, processes, and supplies industrial minerals and speciality chemicals. The company specialises in processing bentonite, barite, talc, dolomite, kaolin, and other minerals. Its operations integrate domestic trading, imports, and in-house production, offering flexibility and scalability in its business model.
The company holds ISO 9001:2015 and ISO 22000:2018 certifications, ensuring quality and safety standards. SK Minerals serves a diverse range of sectors, including ceramics, paints, plastics, rubber, agriculture, construction, and oil drilling, and has a wide geographical presence across India. Its two manufacturing units are located in Ludhiana, Punjab, and as of April 20, 2025, the company had 91 permanent employees.
Competitive Strengths:
- Over 35% of revenue generated through government clients
- Diversified client base to strengthen business resilience
- Geographically spread operations across India
- Serving multiple industries with a mix of trading and manufacturing
- Expanding manufacturing footprint
SK Minerals & Additives IPO Details
The SK Minerals IPO is a book-building issue of ₹41.15 crore, entirely a fresh issue of 0.32 crore shares. The IPO will list on the BSE SME.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Oct 10, 2025 |
| IPO Close Date | Oct 14, 2025 |
| Tentative Allotment | Oct 15, 2025 |
| Initiation of Refunds | Oct 16, 2025 |
| Credit of Shares to Demat | Oct 16, 2025 |
| Tentative Listing Date | Oct 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 14, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 – ₹127 per share |
| Lot Size | 1,000 shares |
| Total Issue Size | 32,40,000 shares (₹41.15 Cr) |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 1,62,000 shares (₹2.06 Cr) |
| Net Offered to Public | 30,78,000 shares (₹39.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 90,00,000 shares |
| Shareholding Post-Issue | 1,22,40,000 shares |
Investor Category Reservation:
| Investor Category | Shares Offered |
| Market Maker | 1,62,000 (5.00%) |
| QIB | 15,38,000 |
| NII (HNI) | 4,62,000 (14.26%) |
| Retail (RII) | 10,78,000 (33.27%) |
| Total | 32,40,000 (100.00%) |
SK Minerals IPO Lot Size & Investment
| 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 |
Promoter Holding:
The promoters of the company are Mrs. Sunita Rani, Mr. Mohit Jindal, Mr. Rohit Jindal, and Mr. Shubham Jindal.
- Pre-IPO: 100%
- Post-IPO: 73.53%
Book Running Lead Manager: Khambatta Securities Ltd.
Registrar: Maashitla Securities Pvt. Ltd.
SK Minerals & Additives Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 61.72 | 54.05 | 37.54 | 25.47 |
| Total Income | 114.28 | 108.94 | 132.59 | 121.81 |
| Profit After Tax | 5.01 | 3.10 | 1.89 | 1.67 |
| Net Worth | 17.73 | 12.72 | 6.23 | 2.79 |
| Reserves & Surplus | 12.73 | 7.72 | 4.63 | 2.78 |
Key Performance Indicators (FY2024/2025):
- Market Cap: ₹155.45 Cr
- ROE: 24.33%
- ROCE: 12.45%
- Debt/Equity: 2.73
- RoNW: 24.33%
- PAT Margin: 2.85%
- Price to Book Value: 3.60
- EPS Pre-IPO: ₹3.44 | Post-IPO: ₹7.01
- P/E Pre-IPO: 36.93x | Post-IPO: 18.11x
Objects of the Issue
The IPO proceeds are proposed to be utilised as follows:
| Object | Amount (₹ Million) |
| Working Capital Requirements | 310.00 |
| Capital Expenditure towards Plant & Machinery | 55.54 |
| General Corporate Purposes | Balance |
Industry Outlook
The Indian industrial minerals and speciality chemicals sector is poised for growth due to:
- Rising demand in ceramics, paints, plastics, rubber, agriculture, construction, and oil drilling industries
- Increasing government projects and industrial infrastructure investments
- Growing preference for processed, quality-certified minerals and speciality chemicals
- Expansion of domestic manufacturing capabilities
SK Minerals’ certifications, diversified client base, and strategic manufacturing units position it well to capitalise on this sector growth.
SK Minerals IPO: Peer Comparison
SK Minerals IPO can be compared with peers like Bentonite India Ltd, Gujarat Mineral Resources Ltd, Impex Chem Ltd, Rajasthan Minerals & Chemicals Ltd, and Jindal Minerals Ltd. Reviewing these companies helps investors gauge SK Minerals & Additives’ position in the industrial minerals and speciality chemicals sector and make informed investment decisions.
Also Read:
- Canara HSBC Life Insurance Co. Ltd. IPO Opens: Key Details Investors Shouldn’t Miss
- Canara Robeco Asset Management Co. Ltd. IPO Opens: Key Details Investors Shouldn’t Miss
- Anantam Highways InvIT IPO Opens: Key Details Investors Shouldn’t Miss
- Rubicon Research Ltd. IPO Opens: Key Details Investors Shouldn’t Miss
- Mittal Sections Ltd. IPO Opens: Key Details Investors Shouldn’t Miss
Conclusion
SK Minerals & Additives Ltd. offers a focused investment opportunity in a high-demand, niche industrial minerals and speciality chemicals segment. The company has shown revenue growth, strong client diversification, and an experienced promoter team. Potential investors should note risks, including dependence on commodity prices, raw material supply fluctuations, and competitive pressures.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
