Rs 41 Crore SME IPO Opens : Is SK Minerals the Next Big Play in Chemicals?

Image Source : Finowings

SK Minerals & Additives has opened its ₹41.15 crore SME IPO subscription from October 10 to 14, 2025. The issue price band is ₹120-127 per share, offering investors a chance to participate in the growth of this specialty chemicals manufacturer with a planned BSE SME listing on October 17.

SK Minerals & Additives Limited, a specialty chemicals and industrial minerals player, has launched its initial public offering (IPO) under the SME platform of BSE. The IPO will raise ₹41.15 crore by issuing around 32.4 lakh shares, priced between ₹120 to ₹127 a share. Investors can bid for a minimum of 1,000 shares, making the minimum investment roughly ₹1.27 lakh.

Founded in 2022, SK Minerals is engaged in manufacturing, processing, and supplying minerals such as bentonite, barite, talc, dolomite, and kaolin. It caters to sectors like food and bakery, animal feed, petroleum, and plywood, offering mineral additives and specialty chemicals. The company maintains ISO 9001:2015 and ISO 22000:2018 certifications and runs an in-house R&D center to innovate sustainable and quality products.

Funds raised from the IPO will majorly fund working capital requirements (75.3%), plant and machinery expansion (13.5%), and general corporate purposes (11.2%). The IPO is a fresh issue without any offer for sale component.

Subscription closes on October 14, with allotment expected by October 15, and shares credit estimated on October 16. The company aims to list on October 17. Current grey market premium (GMP) is at par with issue price, suggesting stable market sentiment.

Notable Updates

IPO size: ₹41.15 crore fresh issue on BSE SME platform
Price band: ₹120-127 per equity share, minimum lot size: 1,000 shares
Promoters include Mohit Jindal (Chairman & MD), Rohit Jindal, and Shubham Jindal
Focus industry verticals: food, feed, petroleum, plywood with specialty chemicals and mineral additives
Usage of proceeds aimed at working capital, machinery upgrade, and corporate uses
Certifies quality with ISO standards and a DSIR-recognized R&D facility
IPO lead manager: Khambatta Securities; registrar: Maashitla Securities Pvt Ltd
Subscription period: Oct 10-14, 2025; expected listing: Oct 17, 2025
Current GMP indicates no premium, reflecting balanced demand expectations

This SME IPO offers a promising entry into India's growing specialty chemicals space backed by certified quality standards and a diversified client base.

Sources: Chittorgarh.com, Economic Times, Moneycontrol, IPO Watch, Zerodha, and company disclosures

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