Specialty chemicals producer SK Minerals & Additives will open its initial public offering on Oct. 10, 2025, looking to raise about $4.9 million through a fully fresh issue of equity shares, according to The Business Standard.
The bidding for anchor investors is scheduled for Oct. 9. The subscription period for the IPO will close on October 14. The allotment of shares is expected to be finalized the following day, with credit to investors’ demat accounts anticipated by October 16. SK Minerals’ stock is slated to debut on the BSE SME platform on Oct. 17.
Proceeds from the offering will be directed toward working capital needs and capital expenditure related to expansion projects, including the purchase of new plant and machinery. Any remaining funds will go toward general corporate purposes, the company said in its filing.
SK Minerals & Additives manufactures and trades specialty chemicals, primarily serving the food and feed additive segments. It also imports API Group I base oil.
Industry observers note that the company’s planned use of IPO proceeds aligns with broader trends in India’s specialty chemicals sector, where mid-sized firms are pursuing targeted capacity additions to meet growing domestic and export demand for performance additives and industrial intermediates.