The SK Minerals & Additives IPO has quickly gained attention among SME investors for its strong financial growth, niche product line in the specialty chemicals sector, and expanding presence in the food and feed additive market.
With growing demand for mineral mixtures and chelated products, the IPO has sparked curiosity in the market. Investor sentiment remains cautiously optimistic, with many waiting to see how subscription trends unfold over the next few days.
About the Company
SK Minerals & Additives Ltd., incorporated in February 2022, is a Punjab-based specialty chemicals manufacturer engaged in producing and trading food and feed additives, chelated minerals, mineral mixtures, and allied industrial products such as calcium propionate and magnesium oxide.
The company serves key industries like animal feed, bakery, and petroleum, operating from its DSIR-certified facility in Khanna, Punjab, which also includes an in-house R&D unit. SK Minerals holds ISO 9001:2015 and ISO 22000:2018 certifications, ensuring high-quality standards.
As of August 2025, the company employed 91 people and generated impressive growth with ₹85.27 crore revenue and ₹5.02 crore PAT in the first five months of FY26
SK Minerals & Additives IPO Details
| Parameter | Details |
|---|---|
| IPO Type | Fixed Price SME IPO |
| Issue Size | ₹41.15 crore (32.4 lakh shares) |
| Price Band | ₹120 – ₹127 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Minimum Investment (Retail) | ₹1,27,000 (1 lot at upper band) |
| Market Cap (Upper Band) | ₹155.45 crore |
| Promoter Holding (Pre-IPO) | 100% |
| Objective of Issue | Working capital, plant expansion, general corporate purposes |
| Anchor Investment Raised | ₹11.72 crore (October 9, 2025) |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Exchange | BSE SME |
| Allotment Date | October 15, 2025 |
| Listing Date | October 17, 2025 |
SK Minerals IPO GMP Today (October 2025)
As the IPO opened today, the Grey Market Premium (GMP) remains flat at ₹0, indicating that the issue is currently trading at par with its upper price band of ₹127.
However, SME IPOs often witness a surge in GMP once subscription momentum picks up mid-week. Investors should monitor updates daily for any shift in market buzz.
SK Minerals & Additives IPO GMP Snapshot:
- October 8–9, 2025: ₹0 (neutral sentiment)
- October 10, 2025 (IPO open): ₹0 (no premium)
- Expected Listing Gain: 0–5% (if subscription exceeds 5x)
💡 A flat GMP typically signals fair valuation — not overhyped, but steady investor confidence.
Financial Summary
| Financial Year | Revenue (₹ Cr) | PAT (₹ Cr) | EPS (₹) |
|---|---|---|---|
| FY2023 | 43.82 | 1.42 | 1.42 |
| FY2024 | 85.10 | 5.00 | 5.00 |
| FY2025 (Apr–Aug)* | 85.27 | 5.02 | 5.10 |
The company has shown over 95% revenue growth and 253% profit growth from FY23 to FY25.
The balance sheet also indicates a healthy operational expansion, although liquidity remains tight with a current ratio below 2.
At the upper price band of ₹127, P/E stands at ~31x, which appears moderate for a high-growth SME in the specialty additives space.
Strengths and Risks
✅ Key Strengths
- Strong Financial Growth: Revenue nearly doubled YoY, with profit margins improving significantly.
- Diverse Product Portfolio: Serves resilient sectors such as animal feed, bakery, and petroleum.
- High-Quality Certifications: ISO and DSIR approvals add credibility.
- Government & Institutional Clients: Around 25% of revenue comes from government-linked contracts.
- Expansion Focus: Funds to be used for plant and machinery upgrades to scale production.
⚠️ Risks & Concerns
- Customer Concentration: Top 10 clients contribute ~61% of FY25 revenue.
- Liquidity Pressure: Working capital strain due to high receivables.
- Compliance History: Past delay in obtaining pollution clearance (now regularized).
- High Valuation: P/E of 31x may limit immediate listing gains.
- Limited Operating History: Incorporated in 2022, relatively new entrant in a competitive space.
Expert Review
Analysts view SK Minerals & Additives IPO as a moderately attractive opportunity for investors seeking exposure to the specialty chemical and additives sector.
While valuations are on the higher side, robust revenue growth, niche product demand, and R&D capability make it a potential long-term wealth creator. The IPO’s anchor subscription of ₹11.72 crore shows early institutional confidence.
Analyst Verdict: Moderate Subscribe (3/5)
- Suitable for long-term investors (2–3 years).
- Listing gains may be limited unless strong oversubscription emerges.
Allotment Details
Allotment for the SK Minerals & Additives IPO will be finalized on October 15, 2025. Investors can check allotment status through:
- Registrar: Maashitla Securities
- BSE Website: bseindia.com
- Broker Apps: Zerodha, Groww, or Kotak Securities under the IPO section.
Refunds and demat credits will be processed by October 16, 2025.
Listing Details
- Exchange: BSE SME
- Listing Date: October 17, 2025
- Expected Listing Price: ₹127 (at par, subject to demand)
- Lock-in Period: 6 months for promoters (90% shares).
- Expected Volatility: Moderate; watch subscription data before applying.
Investors can apply via ASBA/UPI using bank or broker platforms.
Conclusion
The SK Minerals & Additives IPO represents an emerging growth story in India’s specialty chemicals and additives industry. Despite a high P/E and neutral GMP, its strong revenue trajectory, expanding production base, and quality accreditations make it an interesting long-term bet.
However, investors looking for quick listing gains should wait for subscription data before making a move. For long-term investors, it’s a “Cautious Subscribe” — best suited for those with medium to high risk tolerance.
FAQs
What is the GMP of SK Minerals & Additives IPO today?
As of October 13, 2025, the GMP is flat at ₹0 — trading at par with its issue price.
Is SK Minerals & Additives IPO good for the long term?
Yes, the company’s strong growth, certified manufacturing, and sector potential make it a good long-term option.
What are the IPO dates and listing details?
The IPO opens on October 10 and closes on October 14, 2025. Allotment is on October 15, and listing is on October 17, 2025, on BSE SME.
What is the lot size and price band?
Lot size is 1,000 shares, and the price band is ₹120–₹127 per share.
How can investors check allotment status?
Visit maashitla.com/allotment-status or check through your broker’s IPO section.
What is the expert recommendation for this IPO?
Analysts rate it a Moderate Subscribe for long-term investors, with limited near-term listing gains.
