SK Minerals IPO: Price, GMP, Analysis, And Details

SK Minerals IPO- Company Analysis 

SK Minerals IPO under the SME IPO category is a bookbuilding issue of Rs. 41.15 Cr by SK Minerals India Ltd., which was incorporated in 2022, and focuses on producing and distributing minerals and additives for foundries, steel production, and related sectors.  

The company produces resins, coatings, fluxes, and additives for metal casting and steel production. It runs a facility in Ludhiana, Punjab, that is outfitted with automated technology for dependable and high-quality production.

The company caters to domestic and a few international markets for its industrial products.

SK Minerals IPO Details

The SK Minerals IPO date is on 10 October 2025, and its initial public offering will end on 14 Oct with IPO allotment on Oct 15, and refund initiation on Oct 16, 2025.

The Rs. 41.15 crore new SME IPO comprises a wholly fresh issue of 0.32 crore shares.

The SK Minerals IPO listing date (expected) might be on Friday, Oct 17, 2025, and listing at the BSE and SME. 

The SK Minerals IPO price band is Rs. 120 to Rs. 127.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Oct 10, 2025
IPO Closing Date	Oct 14, 2025
IPO Allotment Date	Oct 15, 2025
Refund Initiation	Oct 16, 2025
IPO Listing Date	Oct 17, 2025

 

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	75.18	54.05	37.54
Total Income	212.15	108.94	132.59
Profit After Tax	10.94	3.10	1.89
EBITDA	19.10	6.80	3.91
Net Worth	23.66	12.72	6.23
Reserves and Surplus	14.66	7.72	4.63
Total Borrowing	39.13	32.36	23.11

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(291.03)	(900.59)	(1,119.01)
Net Cash Flow Investing Activities	(98.06)	(201.37)	(193.16)
Net Cash Flow Financing Activities	710.94	1,288.42	1,354.34

Revenue Bifurcation

Product-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Working Capital Requirements. ~ Rs. 3,100 lac.

• Capital Outlay for Plant and Machinery Acquisition. ~ Rs. 504.91 lac.

• General Corporate Purposes. 

 

Listed Peers of SK Minerals Ltd. 

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

Metric	Value
ROE	46.23%
ROCE	22.88%
Debt/Equity	1.89
RoNW	46.23%
PAT Margin	5.17%
EBITDA Margin	9.02%
Price to Book Value	4.83

 

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 12.15 from the last year, the resulting P/E ratio is 10.45x.

Explore the Mittal Sections IPO.

IPO's Strengths 

• Passing all financials with consistency. 

• Long ties with manufacturing customers. 

• Skilled promoters with top expertise on knowledge, technicality, and value addition in the industry. 

• Expected to widen the scope with fresh capital expenditure and new products.  

 

IPO’s Weaknesses 

• Construction of order backlog on industrial demand cycles.

• Price band and valuation points have not been set.

• Unlocking potential value from raw materials and being exposed to market regulation.
  
  

SK Minerals IPO GMP (Grey Market Premium)

SK Minerals IPO GMP today is Rs. 0, as of 08 Oct 2025 at the time of writing this information.

SK Minerals IPO Summary

The SK IPO has a market maker portion size of 1,62,000 Shares (Rs. 2.06 Cr).

IPO Opening & Closing Date	10 Oct, 2025 to 14 Oct, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 120 to Rs. 127 per Share.
Lot Size	1000 Shares
Issue Size	32,40,000 Shares (Rs. 41.15 Cr)
Offer for Sale	-
Fresh Issue	32,40,000 Shares (Rs. 41.15 Cr)
Listing at	BSE, SME
Issue Type	Bookbuilding IPO
Registrar	Maashitla Securities Pvt.Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,54,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3000 Shares) for Rs. 3,81,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

SK Minerals IPO Allotment Status

To check the SK Minerals IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of SK Minerals Ltd

• Mrs. Sunita Rani 

• Mr. Mohit Jindal 

• Mr. Rohit Jindal

• Mr. Shubham Jindal.
  
  

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	73.53%

 

IPO Lead Managers

• Khambatta Securities Ltd. 

 

Dividend Policy

The company has not declared a dividend since its incorporation.

Conclusion

SK Minerals & Additives Ltd IPO gives investors the chance to invest in a steel and industrial segment growing manufacturing company. The company seems to be in great shape as indicated by its strong RoNW of 46.23%, growing profitability, and increasing operational expansion. Still, due diligence must include factors such as industrial cyclicality and outstanding valuation specifics.    

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.