The initial public offering (IPO) will close on October 14. Bidding for anchor investors will open on October 9, Ludhiana-based SK Minerals & Additives said in a statement.
The IPO is entirely a fresh issue of 32.40 lakh equity shares of face value of Rs 10 each. At the top end of the price band, the company will raise Rs 41.15 crore.
Proceeds from the fresh issue to the tune of Rs 31 crore will be used for working capital requirements, Rs 5.05 crore for capital expenditure for purchase of plant and machinery, and the balance for general corporate purposes.
SK Minerals & Additives is engaged in the production and trading of specialty chemicals, with a core focus on food and nutrition additives.
The product portfolio includes chelated minerals, mineral blends and other allied chemicals targeting industries such as food and bakery, animal feed and petroleum. The company reported revenues of Rs 85.27 crore with profit after tax (PAT) of Rs 5.02 crore for the first five months of the current fiscal ending August 31, 2025. For FY 25, it posted revenues of Rs 211.67 crore and PAT of Rs 10.94 crore.
as a reliable and trusted news sourceKhambatta Securities is the sole book Running Lead Manager, while Maashitla Securities is the registrar for the IPO.
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