SK Minerals & Additives Debuts on BSE SME with 14% Premium

SK Minerals & Additives Limited, a manufacturer and trader of specialty chemicals, has made a spectacular debut on the BSE SME exchange. The company was listed with a premium of 14.17% at ₹145/- against the fixed price band of ₹127/-.

Earlier this week, the IPO received an overwhelming response from the investors as the Qualified Institutional Buyer(excluding Anchor Investor) (QIB) portion of the issue was subscribed 1.00 times, the anchor investor quota subscribed 1.05 times, the NII quota was subscribed 7.14 times and the Individual Investors quota was subscribed 3.36 times, bringing the overall subscription (including Anchor Investor) to 2.67 times till the final day of bidding on Tuesday, October 14, 2025, garnering record bids worth over ₹107.94 crore.

The IPO comprised a fresh issue of 32,40,000 Lakh Equity Shares with a face value of ₹10/- through the book-building route. Khambatta Securities Limited is the sole Book Running Lead Manager to the Issue, and Maashitla Securities Private Limited is the Registrar to the Issue.

The anchor book of the IPO was subscribed by a group of high-profile investors, including Jalan Chemical Industries Private Limited, Ascend Global Opportunities Fund, Rajasthan Global Securities Private Limited, LRSD Securities Private Limited, Minerva Ventures Fund and Chanakya Opportunities Fund I.

The company has allotted 1,62,000 equity shares for Market Maker, 9,23,000 equity shares for anchor investors, 6,15,000 equity shares allocated for QIBs, 4,62,000 Lakh equity shares for NIIs, and the individual investor portion accounts for 10,78,000 equity shares.

The Khanna, Punjab-headquartered company aims to raise ₹41.15 crore from the issue and intends to utilise ₹31.00 crore of the total IPO proceeds towards working capital requirement, ₹5.05 crore to fund the company’s capital expenditure towards purchase of plant and machinery, and the remaining capital will be used for issue related expenses and general corporate purposes.

SK Minerals & Additives Limited is promoted by Mrs. Sunita Rani, Mr. Mohit Jindal, Mr. Rohit Jindal and Mr. Shubham Jindal. Backed by an experienced management team, a diversified product range, ongoing investments in quality and R&D, and a scalable business model, the company is well-positioned to capitalize on growth opportunities in the specialty chemicals segment and continue delivering value to its stakeholders.