
SK Minerals IPO GMP & Review: Should You Apply or Avoid?
Posted by : sachet | Mon Oct 06 2025

Check Expert’s Verdicts on SK Minerals IPO
SK Minerals’ IPO is open for bidding from 10th October 2025 to 14th October 2025. It is a book-building IPO of ₹41.15 crores, comprising an entirely fresh issue of ₹4.99 crores. The problem will be listed on SME and NSE on its tentative listing date, 17th October 2025.
SK Minerals IPO Details
The SK Minerals IPO date is fixed between 10th October 2025 and 14th October 2025. The face value of SK Minerals’s IPO shares is ₹10 per share, and the IPO price is set between ₹120 and ₹127 per share.
Maashitla Securities Private Limited is the registrar of the SK Minerals IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Open Date | 10th October 2025 |
| IPO Close Date | 14th October 2025 |
| IPO Allotment Date | 15th October 2025 |
| Refund Initiation | 16th October 2025 |
| Issue Size | 32,40,000 shares(aggregating up to ₹41.15 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Issue Price Final | ₹120 and ₹127 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & SME |
| Listing Date | 17th October 2025 |
SK Minerals IPO Share Reservation
SK Minerals’ IPO is a book-building issue of ₹41.15 crores, comprising a new issue that will be listed on the BSE and SME Exchanges. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered | Shares Percentage |
| QIB Shares Offered | 1,62,000 | 5.00% |
| NII Shares Offered | 15,38,000 | 0.00% |
| Retail Shares Offered | 4,62,000 | 14.62% |
| Employee Shares Offered | 10,78,000 | 33.27% |
| Total Shares Offered | 32,40,000 | 100.00% |
SK Minerals IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the SK Minerals IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 08-10-2025 | ₹- | ₹- | ₹- | ₹- |
| 07-10-2025 | ₹- | ₹- | ₹- | ₹- |
| 06-10-2025 | ₹127.00 | ₹0.00 | ₹127.00 | 0.00% |
| 05-10-2025 | ₹127.00 | ₹0.00 | ₹127.00 | 0.00% |
| 04-10-2025 | ₹127.00 | ₹0.00 | ₹127.00 | 0.00% |
| 03-10-2025 | ₹127.00 | ₹0.00 | ₹127.00 | 0.00% |
| 02-10-2025 | ₹127.00 | ₹0.00 | ₹127.00 | 0.00% |
As of October 06, 2025, SK Minerals’ IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹127.00 on its tentative listing date, October 17, 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the SK Minerals GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
SK Minerals IPO GMP Review

Check out the detailed SK Minerals GMP IPO review for a thorough understanding of its potential and the listing gains expected on 17th October 2025. The SK Minerals IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to understand the business’s financial growth margins and declines before applying for the SK Minerals IPO.
SK Minerals Limited’s revenue decreased by 17.83% from ₹132.59 crore in March 2023 to ₹108.94 crore in March 2024. Moreover, the company’s PAT rose by 64.02% from ₹1.89 crores to ₹3.10 crores.
SK Minerals Limited’s IPO has demonstrated consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the SK Minerals IPO on its tentative listing date,17th October 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the SK Minerals IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 3.44 |
| EPS (Earnings Per Share) | 36.93 |
| RoNW | 24.33% |
| ROCE | 12.45% |
| ROE | 24.33% |
| EBITDA Margin | – |
| Price to Book Value | 3.60 |
| Market Capitalisation | 155.45 Cr |
The P/E ratio of SK Minerals Limited’s shares is 36.93, and its Earnings Per Share (EPS) stands at 3.44. Thus, the SK Minerals Limited IPO can deliver gains on its tentative listing date, 17th October 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of SK Minerals Limited are subject to change following the IPO. Refer to the table below for post-issue updates on these two metrics.
SK Minerals IPO Subscription Status
The SK Minerals IPO is scheduled to open for bidding on October 10, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live SK Minerals IPO subscription status.
| Investor Categories | Shares Offered | Shares Percentage | Shares Subscribed | Subscription to the Times |
| QIB Shares Offered | 1,62,000 | 5.00% | Yet to be announced | Yet to be announced |
| NII Shares Offered | 15,38,000 | 0.00% | Yet to be announced | Yet to be announced |
| Retail Shares Offered | 4,62,000 | 14.62% | Yet to be announced | Yet to be announced |
| Employee Shares Offered | 10,78,000 | 33.27% | Yet to be announced | Yet to be announced |
| Total Shares Offered | 32,40,000 | 100.00% | Yet to be announced | Yet to be announced |
About SK Minerals Limited

SK Minerals Limited, established in February 2022, is engaged in the manufacturing, processing, and supply of industrial minerals and speciality chemicals through its subsidiary, SK Minerals and Additives Limited. SK Minerals and Additives Limited specialises in the processing of materials such as bentonite, barite, talc, dolomite, kaolin, and other industrial minerals. The company uses a flexible business model that integrates domestic trading, imports, and in-house production. The company holds ISO 9001:2015 and ISO 22000:2018 certifications for its Quality Management System. The company provides a wide range of mineral-based solutions that cater to various industries, including ceramics, paints, plastics, rubber, agriculture, construction, and oil drilling.
SK Minerals Limited Financials
The company’s financial analysis is essential before applying for the SK Minerals IPO. Refer to the table to learn about SK Minerals Limited’s financial information.
| Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr.) |
| Assets | 54.05 | 37.54 | 25.47 |
| Revenue | 108.94 | 132.59 | 121.80 |
| Profit After Tax | 3.10 | 1.89 | 1.67 |
| Net Worth | 12.72 | 6.23 | 2.79 |
| EBITDA | – | – | – |
| Reserve and Surplus | 7.72 | 4.63 | 2.78 |
| Total Borrowing | – | – | – |
Explanation
SK Minerals Limited’s revenue decreased by 17.83% from ₹132.59 crore in March 2023 to ₹108.94 crore in March 2024. Moreover, the company’s PAT rose by 64.02% from ₹1.89 crores to ₹3.10 crores.
SK Minerals IPO Bidding Requirements
Investors can bid for a minimum of 46 shares and in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Individual Investors (Retail) (Min) | 2 | 2,000 | ₹2,54,000 |
| Individual Investors (Retail) (Max | 2 | 2,000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,89,000 |
| B-HNI(Min) | 8 | 8,000 | ₹10,16,000 |
SK Minerals’s IPO has reserved lot sizes for different investor categories. Refer to the table below to view the requirements for applying to this IPO.
Use the lot size calculator to find how many shares you should apply for!
SK Minerals IPO Promoter Holding
Refer to the table below to review the holdings of SK Minerals Limited’s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 73.53% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the SK Minerals IPO
The primary aim of the SK Minerals IPO is to raise ₹41.15 crore. On the other hand, SK Minerals has decided to utilise these funds in different ways.
- To Working Capital Requirement
- To fund the expansion plan of the Company, i.e. Capital expenditure towards the purchase of Plant and Machinery
- To General Corporate Purpose
Should I Invest in the SK Minerals IPO?
Explore the pros and cons of SK Minerals to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades.
Pros of SK Minerals IPO
- The company has diverse geographical areas across India
- The company has been catering to diverse industries
- The company has mixed trading and expanding manufacturing footprints
Cons of SK Minerals IPO
- The company has a high leverage and debt load
- The company has low margins and thin profitability
- The company has a dependence on the external suppliers and imports from third parties
How to Apply for the SK Minerals IPO?

Please follow the steps outlined below to apply for a position at SK Minerals Limited.
- Step 1: Conduct thorough research on the SK Minerals IPO, including GMP, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for one lot of 2,000 shares, valued at ₹ 2,54,000.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the SK Minerals IPO from more than one demat account to increase your chances of allotment.
How to Check SK Minerals IPO Allotment Status?
You can check whether the SK Minerals IPO allotment has been completed in various ways. These include NSE and the registrar portal. Refer to the steps below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the SK Minerals IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your SK Minerals IPO allotment status.
Let’s Wrap
SK Minerals’ IPO is a fresh issue of shares worth ₹41.15 crore. The shares of SK Minerals Limited will be listed on the BSE and SME on its tentative listing date of October 16, 2025. Researching the SK Minerals IPO, including its GMP and reviews, is highly recommended to secure your ideal level of profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on SK Minerals IPO
How is the SK Minerals IPO?
Ans. As of 6th October 2025, the SK Minerals IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹127 per share. It is a book-building IPO of ₹41.15 crore. The face value of each share of SK Minerals Limited is ₹10 per share.
What is the IPO price of SK Minerals?
Ans. The SK Minerals IPO price is set between ₹120 and ₹127 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth ₹2,54,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹3,81,000.
Is the SK Minerals IPO a good investment?
Ans. SK Minerals Limited’s revenue decreased by 17.83% from ₹132.59 crore in March 2023 to ₹108.94 crore in March 2024. Moreover, the company’s PAT rose by 64.02% from ₹1.89 crores to ₹3.10 crores.
Who is the registrar of the SK Minerals IPO?
Ans. Maashitla Securities Private Limited is the registrar of the SK Minerals IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the SK Minerals allotment and refund, please contact Maashitla Securities Private Limited at investor.ipo@maashitla.com or +91-11-45121795-96.
What is the issue size of the SK Minerals IPO?
Ans. SK Minerals’ IPO is a book-building issue of ₹41.15 crore. Moreover, the IPO is set to open on 10th October 2025 and will be closed on 14th October 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the SK Minerals IPO, download the SK Minerals IPO RHP and the SK Minerals IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.
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