The SK Minerals & Additives Ltd IPO marks a notable entry in India’s specialty chemicals and feed additives industry. Headquartered in Khanna, Punjab, SK Minerals & Additives Limited is engaged in the manufacturing and domestic trading of a diverse range of specialty and industrial minerals, food and feed additives, and chelated minerals that serve multiple industries including animal feed, oil drilling, and industrial applications.
The company has shown consistent revenue growth, business resilience, and a focus on capital expenditure to expand its manufacturing capabilities. With a flexible business model integrating in-house production and domestic trading, SK Minerals IPO presents an opportunity for investors to participate in India’s growing additives and specialty minerals market.
SK Minerals Additives Ltd IPO Details
| Event | Date |
|---|---|
| IPO Open Date | October 10, 2025 (Friday) |
| IPO Close Date | October 14, 2025 (Tuesday) |
| Allotment Date | October 15, 2025 (Wednesday) |
| Refunds / Unblocking of Funds | October 16, 2025 (Thursday) |
| Credit of Shares to Demat Account | October 16, 2025 (Thursday) |
| Listing Date (Tentative) | October 17, 2025 (Friday) |
| UPI Mandate Cut-off | 5 PM, October 14, 2025 |
| Particulars | Details |
|---|---|
| Company | SK Minerals & Additives Limited |
| Industry | Specialty Chemicals & Feed Additives |
| Offer Type | 100% Fresh Issue |
| Face Value | ₹10 per equity share |
| Issue Price Band | ₹120 – ₹127 per share |
| Lot Size | 1,000 shares |
| Total Issue Size | 32,40,000 equity shares (₹41.15 Cr) |
| Market Maker | Rikhav Securities Ltd (1,62,000 shares) |
| Net Offer to Public | 30,78,000 shares (₹39.09 Cr) |
| Listing At | BSE SME |
| Lead Manager | Khambatta Securities Ltd |
| Registrar to Issue | Maashitla Securities Pvt. Ltd |
Additives Limited – Company Overview
SK Minerals & Additives Limited specializes in the production and trading of food and feed additives, industrial minerals, and allied specialty chemicals. The company’s product portfolio is designed to enhance nutritional value, shelf life, and functionality across multiple applications.
Key Product Categories Include:
- Chelated Minerals: Glycinates and EDTAs of Zinc, Copper, and Magnesium.
- Essential Mineral Mixtures: Used in food, feed, and industrial applications.
- Industrial Additives: Technical Grade Urea, Magnesium Oxide, Virgin Base Oil, and By-Pass Fat.
- Food Additives: Calcium Propionate and Ferric Pyrophosphate for bakery and nutrition.
- Allied Specialty Chemicals: Custom blends for animal feed, fertilizers, and oil drilling.
With two manufacturing units and two warehouse facilities in Khanna, Punjab, SK Minerals has built a strong domestic presence and caters to diverse industries through a flexible business model integrating in-house production, imports, and domestic trading.
The company’s R&D division focuses on innovation in chelated minerals and food-grade additives with a DSIR-recognized facility, ensuring continuous product improvement and expansion.
Additives IPO SK Minerals – Financial Information
(₹ in Lakhs, as per Restated Financials in DRHP)
| Particulars | FY22 | FY23 | FY24 | Period Ended Oct 31, 2024 |
|---|---|---|---|---|
| Revenue from Operations | 12,103.52 | 13,222.85 | 10,876.85 | 11,392.73 |
| Profit Before Tax (PBT) | 231.09 | 275.92 | 410.78 | 699.33 |
| Profit After Tax (PAT) | 166.74 | 189.48 | 309.54 | 500.74 |
| Total Assets | 2,547.10 | 3,754.27 | 5,404.79 | 6,171.80 |
| Net Worth | 279.47 | 622.70 | 1,272.24 | 1,772.98 |
| EBITDA | 222.27 | 390.63 | 679.85 | 899.80 |
Highlights:
- PAT grew nearly 3x between FY22 and FY24, reflecting business scalability.
- Total assets increased from ₹25.47 Cr to ₹61.71 Cr, showcasing aggressive capital investment.
- The company maintains strong liquidity and operational efficiency.
- FY24 profit margins improved due to better sourcing, vertical integration, and cost optimization.
Additives Limited IPO – Business Model & Strengths
SK Minerals Additives Limited operates on a diversified and resilient business model, integrating manufacturing, imports, and domestic trading. This model ensures flexibility in raw material sourcing and consistent supply to government, private, and export clients.
Key Strengths:
- Diverse Product Portfolio – Over 100 SKUs across chelated minerals, food additives, and industrial chemicals.
- Strong Client Diversification – Serves customers in animal feed, bakery, pharmaceuticals, and oil drilling industries.
- Manufacturing Excellence – Two modern units with ISO 9001:2015 and ISO 22000:2018 certifications.
- Integrated Domestic Trading Network – Combines in-house production with domestic trading and imports.
- Operational Efficiency – Optimized supply chain reduces costs.
- Expansion Plan – IPO proceeds to fund capacity expansion and R&D upgrades.
Additives IPO Details – Objects of the Issue
The SK Minerals & Additives IPO aims to raise ₹41.15 Cr through a fresh issue of equity shares.
Net Proceeds Will Be Utilized For:
- Expansion of manufacturing units and installation of modern machinery.
- Capital expenditure on new product lines and R&D facility upgrades.
- Working capital requirements to meet growing production demands.
- General corporate purposes to strengthen financial flexibility.
Additives Limited IPO – Industry Outlook
The Indian feed additives and specialty chemicals industry is witnessing robust growth driven by rising demand from animal feed, food processing, and industrial applications.
- The Indian specialty chemicals market is projected to grow at a CAGR of 11–12% by FY30.
- Increasing focus on nutritional feed additives and chelated minerals supports long-term scalability.
- Government initiatives promoting self-sufficiency in chemical production favor domestic manufacturers like SK Minerals.
With its diverse industries and flexible business model, SK Minerals is well-positioned to capitalize on this momentum.
Additives Limited IPO – Lead Manager & Registrar
| Role | Company |
|---|---|
| Lead Manager | Khambatta Securities Ltd |
| IPO Registrar | Maashitla Securities Pvt. Ltd |
| Market Maker | Rikhav Securities Ltd |
The lead managers will oversee the IPO process and manage investor participation across all categories.
Additives SK Minerals – IPO Allotment Date and Status
Investors can check their SK Minerals IPO allotment status on the Maashitla Securities Pvt. Ltd website using:
- PAN number
- Application number
- DP/Client ID
Once the IPO allotment is finalized, shares will be credited to the investor’s demat account. Refunds (if any) will be processed via linked bank accounts or UPI.
Allotment Date: October 15, 2025
Listing Date: October 17, 2025 (BSE SME)
SK Minerals IPO – Strengths & Risks Summary
Strengths:
- Diverse range of food and feed additives, industrial minerals, and specialty chemicals.
- Steady revenue growth and profitability across FY22–FY24.
- Expanding manufacturing capacity with strong R&D.
- Robust relationships with government and private clients.
- Certified quality standards ensuring export readiness.
Risks:
- Exposure to fluctuating raw material and import prices.
- Competitive pressure from larger specialty chemical manufacturers.
- Dependence on consistent working capital cycles.
- SME listing may offer lower liquidity compared to mainboard stocks.
SK Minerals & Additives Ltd IPO – Conclusion
The SK Minerals & Additives Ltd IPO offers investors a solid opportunity to participate in India’s specialty chemicals and feed additives industry, which is poised for significant expansion.
With consistent revenue growth, strong profitability, and a focus on capital expenditure and product diversification, the company demonstrates both operational efficiency and business resilience.
The upcoming SK Minerals IPO will help the company scale manufacturing, strengthen R&D, and diversify its client base across food, animal feed, and industrial sectors.
For investors looking to explore a growing specialty chemical SME IPO with a focus on sustainable manufacturing, SK Minerals Additives IPO is worth serious consideration.
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