SK Minerals & Additives IPO

About SK Minerals & Additives IPO

The offer consists of a fresh issue component. The fresh issue will include 32,40,000 shares (aggregating up to ₹41.15 crores). The total number of shares is 32,40,000 while the aggregate amount is ₹41.15 crores.

The IPO opens on Friday, 10 October 2025 and closes on Tuesday, 14 October 2025. The tentative listing is on Friday, 17 October 2025. The initiation of refund will take place on Thursday, 16 October 2025. The credit of shares to the demat account will take place on Thursday, 16 October 2025. The allotment of bids will take place on Wednesday, 15 October 2025.

SK Minerals & Additives focuses on the trading and manufacturing of specialty chemicals, primarily focusing on food and feed additives. Their manufacturing operations are supported by a dedicated in-house Research and Development (R&D) unit, located at their DSIR-certified facility in Khanna, Ludhiana, Punjab. Their R&D efforts focus on innovation, product differentiation, process improvement, and customer-centric formulation development. Every manufactured product is developed in-house to ensure cost-efficiency, nutritional integrity, and performance enhancement.

Objectives of SK Minerals & Additives IPO

• 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.
  

Industry Outlook

The global food and feed additives market is valued at USD 10,220 crores in 2025, with food additives contributing USD 5,570 crores (54.5%) and feed additives accounting for USD 4,650 crores (45.5%). Asia-Pacific holds the largest market share—33.2% in food additives and 34.3% in feed additives—driven by rapid urbanisation, increasing disposable incomes, and stringent quality regulations in India and China.

India's food and feed additives market is expanding rapidly, driven by rising processed food demand, regulatory mandates (FSSAI, MOFPI), and livestock productivity needs. The Indian food additives market is estimated at ₹42,555 crores (USD 490 crores) in 2025 and is projected to reach ₹61,396 crores (USD 710 crores) by 2030, growing at a CAGR of approximately 7.6%.

Company Information

SK Minerals & Additives is engaged in the business of trading and manufacturing of specialty chemicals, with a primary focus on food and feed additives. Their key products include chelated minerals such as glycinates and EDTAs (ethylenediaminetetraacetic acid) in variants of zinc, copper, and magnesium; essential mineral mixtures; calcium propionate; ferric pyrophosphate; technical grade urea; virgin base oil; magnesium oxide; by-pass fat and other allied specialty chemicals. These products serve critical functions in various applications, particularly in the food and bakery, animal feed, petroleum, plywood, and other allied industries.

They operate through a flexible business model that integrates domestic trading, imports, and in-house production. A significant portion of their trading products is imported from global suppliers, particularly specialty chemicals, which are then stored at warehouses at ports before dispatch to customers. This model enables them to ensure better control over inventory, product quality, and timely deliveries.

Strengths of SK Minerals & Additives IPO

• Approximately 25% revenue generated through government customers
  
• Strengthening business resilience through client diversification
  
• Diverse geographical presence across India
  
• Mixed trading and expanding manufacturing footprint
  
• Ability to cater to diverse industries
  

Risks of SK Minerals & Additives IPO

• Global supply chain risks, foreign exchange fluctuations, and regulatory uncertainties
  
• Any disruption from third-party suppliers for their purchases and raw materials
  
• Unexpected shutdown or slowdown at their manufacturing facility
  
• Wage increases in India
  
• Extent and reliability of Indian infrastructure
  

Anchor Investor Bidding Date: Thursday, 09 October 2025

Registrar: Maashitla Securities Private Limited Book Running Lead Managers: Khambatta Securities Limited

Business Model

The company earns its revenue through the following: Trading and manufacturing specialty chemicals, with a primary focus on food and feed additives.

Company Growth Trajectory

The revenue from operations of SK Minerals & Additives increased by ₹102.90 crores or 94.61% to ₹211.67 crores in fiscal 2025 as compared to ₹108.77 crores in fiscal 2024. The revenue from operations increased primarily due to an increase in demand for their products.

Their revenue from the sale of manufactured products, i.e., food and animal feed additives, increased by ₹5.66 crores or 16.59% to ₹39.78 crores in fiscal 2025 as compared to ₹34.12 crores in fiscal 2024. The increase in the sale of manufactured goods is due to the company's efforts to transition from a primarily trading company to a predominantly manufacturing company.

The revenue from trading of products, i.e., industrial chemical and animal feed additives, increased by ₹97.24 crores or 130.26% to ₹171.90 crores in fiscal 2025 from ₹74.65 crores in fiscal 2024. The increase in trading income is attributable to an increase in the demand for their products.

The other income increased by ₹0.31 crores or 184.36% to ₹0.48 crores in fiscal 2025 compared to ₹0.17 crores in fiscal 2024. This increase in other income was primarily due to an increase in revenue from gain on foreign exchange fluctuations by ₹0.12 crores or 141.38% to ₹0.21 crores in fiscal 2025 from ₹0.09 crores in fiscal 2024.

Their EBITDA increased by ₹12.30 crores or 180.94% to ₹19.10 crores in fiscal 2025 from ₹6.80 crores in fiscal 2024.

Their profit for the year increased by ₹7.84 crores or 253.37% to ₹10.94 crores in fiscal 2025 compared to ₹3.10 crores in fiscal 2024.

Company Market Position

The company's widespread geographical presence across India is a key competitive advantage that enables them to cater to a diverse customer base and tap into multiple regional markets. By establishing a footprint in various states such as West Bengal, Uttar Pradesh, Haryana, Karnataka, Punjab, Gujarat, Bihar, Maharashtra, Kerala and others, they reduce dependency on any single region, mitigating risks associated with localised economic downturns, regulatory changes, or market fluctuations.

This extensive reach allows them to serve clients in both metropolitan hubs and emerging markets, enhancing their scalability and business resilience. It also provides them with deeper market insights, enabling them to tailor their products and services to suit regional preferences and demands.

Furthermore, their pan-India presence strengthens their supply chain efficiency and customer service capabilities, ensuring seamless operations and quicker response times. This geographical diversification positions them as a trusted and accessible partner, encouraging long-term growth and competitive differentiation in a dynamic business environment.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹212.149 crores, ₹10.938 crores, and ₹19.100 crores, respectively.

How to check allotment status of SK Minerals & Additives IPO?

Visit the Registrar's Website

To check the IPO allotment status for SK Minerals & Additives Limited IPO, visit the official website of Maashitla Securities Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'SK Minerals & Additives Limited' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your SK Minerals & Additives Limited IPO allotment status will be displayed.

Verify on the National Stock Exchange Website The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check SK Minerals & Additives Limited IPO allotment status.

Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
• PAN

Then click 'Submit'. Your SK Minerals & Additives Limited IPO bid and allotment details will be displayed.

How to apply for SK Minerals & Additives IPO?

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.