SK Minerals SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 17 Oct 2025 | ₹4.5 | +3.54% | ₹3,400 | ₹131.5 | ₹4,500 |
| 16 Oct 2025 | ₹4.5 | +3.54% | ₹3,400 | ₹131.5 | ₹4,500 |
| 15 Oct 2025 | ₹0 | 0.00% | ₹0 | ₹127 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 17 Oct 2025
- Face value
- ₹10 per share
- Issue price
- ₹127 per share
- Lot size
- 1,000 shares
- Total issue size
- ₹41.15 Cr
- Market cap at offer price
- ₹155 Cr
- Promoter holding
- 100.00% → 73.53% pre-issue → post-issue
- ISIN
- INE13YH01017
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- Khambatta Securities Ltd.
- Registered office
- Satkartar Building, Near Khalsa Petrol Pump, G.T Road, Khanna, Punjab
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 9,23,000 | — | — |
| Market maker | 1,62,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹127
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,27,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,54,000 |
| S-HNI (max) | 7 | 7,000 | ₹8,89,000 |
| B-HNI (min) | 8 | 8,000 | ₹10,16,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹127 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 12.15 | 9.85 |
| P/E (×) | 10.45 | 12.89 |
| Price to book (×) | 4.83 | — |
| Market cap | — | ₹155 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 46.23%
- ROCE
- 22.88%
- Debt / equity
- 1.89
- PAT margin
- 5.17%
- EBITDA margin
- 9.02%
- NAV per share
- ₹26.29
- Price to book
- 4.83
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About SK Minerals SME
SK Minerals & Additives Limited was incorporated on February 10, 2022 at Khanna, Ludhiana (Punjab) and took over the chemicals and minerals business of the promoters' proprietorship M/s S.K. Minerals vide a Business Conversion Agreement dated November 24, 2022; it was converted from a private to a public limited company pursuant to a special resolution dated September 30, 2024, with a fresh certificate of incorporation issued December 17, 2024. The company is engaged in the trading and manufacturing of specialty chemicals with a primary focus on food and feed additives — its portfolio includes Zinc, Copper and Magnesium Glycinates and EDTAs, Mineral Mixtures, Calcium Propionate, Ferric Pyrophosphate, Technical Grade Urea, Virgin Base Oil, Magnesium Oxide and By-Pass Fat — sold directly to B2B customers (including government customers/PSUs that contribute more than 35% of revenue) across food and bakery, animal feed, plywood, petroleum and allied sectors. It earns revenue predominantly from trading (~78-80% of recent revenue), which relies heavily on imports (92.78% of trading purchases for the period ended October 31, 2024) stored in warehouses before dispatch, with the balance from in-house manufacturing at its leased Khanna facility, whose capacity is proposed to increase from 3,600 MTPA to 5,400 MTPA through IPO-funded machinery purchases. For Fiscal 2024, revenue from operations was Rs. 10,876.85 lakhs with PAT of Rs. 309.54 lakhs; for the seven months ended October 31, 2024, revenue from operations was Rs. 11,392.73 lakhs with PAT of Rs. 500.74 lakhs.
Company Analysis
from DRHPSK Minerals & Additives Limited trades and manufactures specialty chemicals — primarily food and feed additives such as metal glycinates, EDTAs, mineral mixtures and preservatives — catering to the food and bakery, animal feed, plywood and petroleum industries.
SK Minerals & Additives Limited was incorporated on February 10, 2022 at Khanna, Ludhiana (Punjab) and took over the chemicals and minerals business of the promoters' proprietorship M/s S.K. Minerals vide a Business Conversion Agreement dated November 24, 2022; it was converted from a private to a public limited company pursuant to a special resolution dated September 30, 2024, with a fresh certificate of incorporation issued December 17, 2024. The company is engaged in the trading and manufacturing of specialty chemicals with a primary focus on food and feed additives — its portfolio includes Zinc, Copper and Magnesium Glycinates and EDTAs, Mineral Mixtures, Calcium Propionate, Ferric Pyrophosphate, Technical Grade Urea, Virgin Base Oil, Magnesium Oxide and By-Pass Fat — sold directly to B2B customers (including government customers/PSUs that contribute more than 35% of revenue) across food and bakery, animal feed, plywood, petroleum and allied sectors. It earns revenue predominantly from trading (~78-80% of recent revenue), which relies heavily on imports (92.78% of trading purchases for the period ended October 31, 2024) stored in warehouses before dispatch, with the balance from in-house manufacturing at its leased Khanna facility, whose capacity is proposed to increase from 3,600 MTPA to 5,400 MTPA through IPO-funded machinery purchases. For Fiscal 2024, revenue from operations was Rs. 10,876.85 lakhs with PAT of Rs. 309.54 lakhs; for the seven months ended October 31, 2024, revenue from operations was Rs. 11,392.73 lakhs with PAT of Rs. 500.74 lakhs.
Objects of the Issue
- Meeting working capital requirements of the Company (Fiscal 2026) Rs. 3,100.00 lakhs p.94
- Capital expenditure towards purchase of Plant and Machinery (funding the expansion plan of the Company) Rs. 555.40 lakhs p.49
- General Corporate Purposes (amount to be finalized upon determination of the Issue Price; not to exceed 15% of the Net Proceeds or Rs. 10 crore, whichever is less) p.107
Issue Structure
- Total Issue
- Up to 32,40,000 Equity Shares aggregating to Rs. [●] Lakhs (issue amount not yet disclosed)
- Fresh Issue
- Entire issue is a fresh issue of up to 32,40,000 Equity Shares of face value Rs. 10 each, aggregating to Rs. [●] Lakhs (includes a Market Maker Reservation Portion of 1,62,000 Equity Shares; Net Issue of 30,78,000 Equity Shares)
- Offer for Sale
- Nil — 'NOT APPLICABLE AS THE ENTIRE ISSUE CONSTITUTES FRESH ISSUE OF EQUITY SHARES'
- Face Value
- Rs. 10 each
Business Model
The company earns revenue through two streams: (1) trading (~78.33% of revenue for the period ended October 31, 2024) of specialty chemicals and additives, predominantly imported (imports comprised ~92.78% of total purchases for trading in that period) and stocked in warehouses near ports before dispatch to customers; and (2) manufacturing (~21.67% of revenue) of food and feed additives at its Khanna, Ludhiana facility. Sales follow a direct-to-customer B2B model without dealers/distributors, generally against purchase orders without long-term contracts, with credit periods typically of 15-60 days (30-60 days for government customers, who along with PSUs generate more than 35% of revenue).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mrs. Sunita Rani | Promoter | 69.56% | — |
| Mr. Mohit Jindal | Promoter; Chairman & Managing Director | 9.22% | — |
| Mr. Rohit Jindal | Promoter; Executive Director | 9.22% | — |
| Mr. Shubham Jindal | Promoter; Executive Director | 12.00% | — |
| Niketa | Promoter Group | Negligible (18 equity shares) | — |
| Geeta Rani | Promoter Group | Negligible (18 equity shares) | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.