SK Minerals & Additives Limited, a manufacturer and trader of specialty chemicals, today announced plans to raise approximately Rs40.00 crore through an initial public offering (IPO) on the BSE SME Exchange. The company has received in-principle approval for the IPO.
The company intends to allocate Rs31.00 crore of the IPO proceeds towards working capital requirements, Rs5.05 crore for capital expenditure (including plant and machinery upgrades), and the remaining funds for general corporate purposes. The expansion aims to increase production capacity from 3,600 MT to 5,400 MT per annum.
The IPO comprises a fresh issue of 32,40,000 equity shares with a face value of Rs10 each, to be offered through the book-building route. Khambatta Securities Limited is the sole Book Running Lead Manager, and Maashitla Securities Private Limited is the Registrar to the offer.
ith a primary focus on food and feed additives, SK Minerals & Additives produces a wide range of specialty chemicals, including chelated minerals (Glycinates and EDTAs of Zinc, Copper, and Magnesium), Mineral Mixtures, Calcium Propionate, Ferric Pyrophosphate, and other industrial additives. These products cater to sectors such as food processing, animal feed, petroleum, plywood, and heavy engineering.
Operating from a DSIR-certified facility in Khanna, Punjab, SK Minerals & Additives emphasizes in-house R&D for product innovation and process efficiency. The company is also developing next-generation chemicals, including Flame Retardants, Omega-3, and Vitamin D2, targeting industries like automotive, pharmaceuticals, and nutraceuticals.
The company has a pan-India B2B presence across states such as West Bengal, Uttar Pradesh, Gujarat, and Maharashtra.
SK Minerals reported Rs113.92 crore in revenue and a profit (PAT) of Rs5 crore for the first seven months of FY25, ended October 2024. The company posted Rs108.76 crore revenue and Rs3.09 crore PAT in FY24.
