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SK Minerals & Additives is in the business of trading and manufacturing of specialty chemicals, with a primary focus on food and feed additives.
The food additives market, valued at INR 42,555 crore (USD 4.9 billion) in FY’25, is projected to double to INR 61,396 crore (USD 7.1 billion) by 2030F at a CAGR of 7.6% during FY’25-FY’30. Key categories include Sweeteners & Flavor Enhancers (39.9%), Acidulants & pH Regulators (24.0%), and Emulsifiers & Stabilizers (20.1%), with Dairy & Beverages (37.2%) and Bakery & Confectionery (34.0%) as major end-users.
The feed additives market, valued at INR 11,461 crore (USD 1.34 billion) in FY’25, is expected to reach INR 15,619 crore (USD 1.80 billion) by FY’30 expanding at a CAGR of 6.1% during FY’25-FY’30, led by Amino Acids, Enzymes, and Probiotics & Prebiotics, with Poultry Feed (60.7%) and Dairy & Cattle Feed (20.7%) as dominant segments.
India’s food and feed additives market is expanding rapidly, driven by rising processed food demand, regulatory mandates (FSSAI, MoFPI), and livestock productivity needs.
There's a global shift towards convenience foods, leading to increased consumption of processed items. This trend boosts the demand for food additives like natural sweeteners and preservatives.
Rising global populations and incomes are increasing the demand for animal protein, leading to the expansion of livestock farming.
There is a growing use of feed additives such as amino acids, enzymes, and probiotics to enhance animal health and productivity.
| Revenue | ₹211.67 cr | ₹204.62 cr (-3.33%) | |
| PAT | ₹10.93 cr | ₹12.05 cr (+10.25%) | |
| PAT Margin | 5.16 % | 5.89 % (+14.15%) | |
| EBITDA | ₹19.56 cr | ₹8.43 cr (-56.90%) | |
| EBITDA Margin | 9.24 % | 9.89 % (+7.03%) | |
| ROE | 46.20 % | 17.50 % (-62.12%) | |
| ROCE | 22.88 % | 6.92 % (-69.76%) | |
| D/E | 1.89 | 2.62 (+38.62%) |
SK Minerals & Additives product portfolio encompasses a broad range of ingredients and additives. Its key offerings include chelated minerals such as Glycinates and EDTAs which play vital roles in applications across the food and bakery, animal feed, petroleum, plywood, and other related industries.
PE Ratio: 18.11x Average Sector PE Ratio: 17.95x
| QIB Shares Offered: | 1538000 |
| - Anchor Investor Shares Offered: | 923000 |
| − QIB (Ex. Anchor) Shares Offered : | 615000 |
| NII (HNI) Shares Offered: | 462000 |
| - bNII > ₹10L: | 308000 |
| - sNII < ₹10L: | 154000 |
| Retail Shares Offered: | 1078000 |
| Total Shares Offered: | 3078000 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 2000 | ₹254000 |
| S-HNI (Min) | 3 | 3000 | ₹381000 |
| S-HNI (Max) | 7 | 7000 | ₹889000 |
| B-HNI (Min) | 8 | 8000 | ₹1016000 |
Avg IPO Size (Sector Based):
₹ 33.40 cr.
Average Sector PE Ratio:
17.95 X
Listing Price:
₹ [●]
SK Minerals & Additives Limited is engaged in the trading and manufacturing of specialty chemicals, with a core focus on food and feed additives. Over the years, it has built a reputation as a reliable partner, serving the diverse requirements of customers across multiple industry segments. Its product portfolio encompasses a broad range of ingredients and additives that contribute significantly to enhancing the nutritional value, functionality, and shelf life of various end products.
Key offerings include chelated minerals such as Glycinates and EDTAs (Ethylenediaminetetraacetic Acid) in Zinc, Copper, and Magnesium variants; essential mineral mixtures; Calcium Propionate; Ferric Pyrophosphate; Technical Grade Urea; Virgin Base Oil; Magnesium Oxide; By-Pass Fat; and other allied specialty chemicals. These products play vital roles in applications across the food and bakery, animal feed, petroleum, plywood, and other related industries.
The company operates through a flexible business model that integrates domestic trading, imports, and in-house production. A substantial portion of its trading inventory is sourced from global suppliers, particularly specialty chemicals, which are stored at port-based warehouses prior to customer dispatch. This approach ensures effective inventory management, consistent product quality, and timely deliveries.
Manufacturing operations are supported by a dedicated in-house Research and Development (R&D) unit located at a DSIR-certified facility in Khanna, Ludhiana, Punjab. The R&D team focuses on innovation, product differentiation, process optimization, and customer-centric formulation development. All manufactured products are developed internally to ensure cost-efficiency, nutritional integrity, and enhanced performance.
Khambatta Securities Limited, based in Mumbai is the Lead Manager (BRLM) of SK Minerals IPO. Khambatta Securities Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Khambatta Securities Limited .
SK Minerals & Additives IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on SK Minerals & Additives Financial Review Page
Merchant Banker(s) of SK Minerals & Additives IPO: Khambatta Securities Limited
SK Minerals & Additives IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
SK Minerals & Additives IPO listed at a listing price of against the offer price of 127.00.
The current market price of SK Minerals & Additives is .
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