31 Mar 2023
Assets37.54
Total Income132.59
EBITDA3.91
Profit After Tax1.89
NET Worth6.23
Reserves and Surplus4.63
Total Borrowing23.11
At a glance
Updated 2026-09-10The shares listed at ₹145.00, a 14.17% move from the issue price. SK Minerals is a SME IPO with an issue size of ₹41.15 crore, proposed for listing on BSE SME. The offer opens on 10th Oct 2025 and closes on 14th Oct 2025. The issue structure includes a fresh issue of ₹39.09 crore. The current listing schedule points to 17th Oct 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹41.15 Cr
Fresh issue₹39.09 Cr
Face value₹10
Price band₹120.00–₹127.00
Allotment15th Oct 2025
Listing17th Oct 2025
Listing performance
Full performance ↗Issue price₹127.00
Listing price₹145.00
Current price—
Listing gain14.17%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹4.50
GMP / upper price3.54%
Est. listing₹131.50
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens10th Oct 2025
Closes14th Oct 2025
Allotment15th Oct 2025
Refund16th Oct 2025
Demat16th Oct 2025
Listing17th Oct 2025
Subscription demand
Full bidding ↗Total3.52×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹254,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Working Capital Requirement | ₹31.00 Cr |
| To fund the expansion plan of the Company i.e. Capital expenditure towards purchase of Plant and Machinery | ₹5.05 Cr |
| General Corporate Purposes | ₹2.70 Cr |
| Issue Expenses | ₹2.40 Cr |
| Total | ₹41.15 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue85.38₹ Cr · -59.8% vs prior year
EBITDA8.79₹ Cr · -54.0% vs prior year
PAT5.02₹ Cr · -54.1% vs prior year
Assets114.39₹ Cr · +52.2% vs prior year
Net Worth28.69₹ Cr · +21.3% vs prior year
Borrowing75.12₹ Cr · +92.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets54.05
Total Income108.94
EBITDA6.80
Profit After Tax3.10
NET Worth12.72
Reserves and Surplus7.72
Total Borrowing32.36
31 Mar 2025
Assets75.18
Total Income212.15
EBITDA19.10
Profit After Tax10.94
NET Worth23.66
Reserves and Surplus14.66
Total Borrowing39.13
31 Aug 2025
Assets114.39
Total Income85.38
EBITDA8.79
Profit After Tax5.02
NET Worth28.69
Reserves and Surplus19.69
Total Borrowing75.12
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 46.23% |
| ROCE | 22.88% |
| Debt / Equity | 1.89% |
| RoNW | 46.23% |
| PAT Margin | 5.17% |
| EBITDA Margin | 9.02% |
| Price to Book Value | 4.83 |
Valuation & shareholding
Pre-IPO EPS12.15
Post-IPO EPS9.85
Pre-IPO P/E10.45
Post-IPO P/E12.89
Promoter holding pre100%
Promoter holding post73.53%
Market cap₹155.45 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| SK Minerals & Additives IPO | — | 18.11 x | — | — |
| Nilachal Carbo IPO | — | 15.12 x | — | — |
| Balaji Phosphates IPO | — | 16.72 x | — | — |
| Owais Metal IPO | — | 15.50 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Working Capital Requirement | ₹31.00 Cr |
| To fund the expansion plan of the Company i.e. Capital expenditure towards purchase of Plant and Machinery | ₹5.05 Cr |
| General Corporate Purposes | ₹2.70 Cr |
| Issue Expenses | ₹2.40 Cr |
| Total | ₹41.15 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Khambatta Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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