SK Minerals & Additives Limited IPO
SK Minerals & Additives Limited is a specialty chemicals company engaged in the manufacturing and trading of food and feed additives, minerals, and allied specialty chemicals, a proprietorship firm catering to diverse industries, the business was incorporated as SK Minerals & Additives Private Limited on February 10, 2022.
With a flexible business model combining domestic trading, imports, and in-house production, the company serves industries such as food & bakery, animal feed, petroleum, plywood, and other allied sectors.
Operations & Business Model
The company follows a hybrid model of:
1. Manufacturing: In-house production supported by a DSIR-certified R&D unit at Khanna, Ludhiana, Punjab.
2. Trading & Imports: Strategic sourcing of specialty chemicals from global suppliers, stored at port warehouses for controlled inventory and timely delivery.
Product Portfolio
SK Minerals & Additives offers a diverse range of specialty chemicals and additives, includes Chelated Minerals, Mineral Mixtures, Calcium Propionate, Ferric Pyrophosphate, Technical Grade Urea , Virgin Base Oil, Magnesium Oxide (MgO), Bypass Fat, Di Calcium Phosphate (DCP), Melamine for laminates, adhesives, coatings for plywood & specialty applications
Products are tailored for food & bakery, animal feed, petroleum, plywood, automotive, and other industrial uses. It serves a diverse, pan-India customer base across multiple industries. It has a presence across major states including West Bengal, Uttar Pradesh, Haryana, Karnataka, Punjab, Gujarat, Bihar, Maharashtra, and Kerala.
Competitive Strengths
i) Strong Government Business: Over 35% of revenue comes from government customers, ensuring stability and low credit risk.
ii) Client Diversification: Wide industry presence reduces dependence on any single sector or customer.
iii) Geographical Reach: Pan-India footprint across multiple states, reducing regional risk.
iv) Hybrid Business Model: Combination of trading and manufacturing allows flexibility, cost optimization, and product expansion.
v) Multi-Industry Applications: Serving food & bakery, feed, petroleum, plywood, and allied sectors, ensuring stable demand across cycles.
Objects of the SK Minerals & Additives Limited IPO:
SK Minerals & Additives Limited IPO Details:
| Open Date: | Oct 10 2025 |
| Close Date: | Oct 14 2025 |
| Total Shares: | 32,40,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 41.15 Cr. |
| Lot Size: | 1000 Shares |
| Issue Price: | ₹ 120-127 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Oct 17 2025 |
Promoters And Management:
Financials of SK Minerals & Additives Limited IPO:
| Particulars | 5M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 85.26 | 211.67 | 108.76 | 132.22 |
| EBITDA (Cr) | 8.78 | 19.09 | 6.79 | 3.9 |
| EBITDA Margins | 10.31% | 9.02% | 6.25% | 2.95% |
| PAT (Cr) | 5.02 | 10.93 | 3.09 | 1.89 |
| PAT Margins | 5.89% | 5.17% | 2.85% | 1.43% |
| ROCE | 6.92% | 22.88% | 10.18% | 9.73% |
| Debt to Equity Ratio(In Times) | 2.62 | 1.89 | 2.73 | 3.79 |
| Operating Cash Flows (Cr) | -34.15 | -2.91 | -9 | -11.19 |
Comparison With Peers:
According to RHP their is no listed Peers existed in the same Business Segment.
Lead Manager of SK Minerals & Additives Limited IPO:
Registrar of SK Minerals & Additives Limited IPO:
Discussion on SK Minerals & Additives Limited IPO:
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