SK Minerals & Additives Ltd IPO

About SK Minerals & Additives Ltd

Our Company was originally incorporated as SK Minerals & Additives Private Limited under the provisions of the Companies Act, 2013, vide Certificate of Incorporation dated February 10, 2022, pursuant to a Certificate of Incorporation bearing CIN U24100PB2022PTC055213 issued by the Registrar of Companies, Chandigarh. Prior to incorporation of our Company, the promoters were engaged in the business of trading and manufacturing of various chemicals & minerals catering to various industries such as Food and Bakery, Animal Feed, Plywood, and Petroleum under the name S.K. Minerals, a proprietorship concern. In the year 2022, our Company has taken over the business of S.K. Minerals, the Proprietorship Firm vide Business Conversion Agreement dated November 24, 2022. Subsequently, our Company was converted into a public limited company from a private limited company pursuant to a special resolution passed by the shareholders of our Company on September 30, 2024 consequent to which the name of our Company changed from `SK Minerals & Additives Private Limited' to `SK Minerals & Additives Limited' and a fresh Certificate of Incorporation bearing CIN: U24100PB2022PLC055213 was issued by the Registrar of Companies, Chandigarh on December 17, 2024.

The global food and feed additives market is valued at USD 102.2 billion in 2025, with food additives contributing USD 55.7 billion (54.5%) and feed additives accounting for USD 46.5 billion (45.5%). Asia-Pacific holds the largest market share 33.2% in food additives and 34.3% in feed additives-driven by rapid urbanization, increasing disposable incomes, and stringent quality regulations in India and China. India's food and feed additives market are expanding rapidly, driven by rising processed food demand, regulatory mandates (FSSAI, MOFPI), and livestock productivity needs. The Indian food additives market is estimated at INR 42,555 crore (USD 4.9 billion) in 2025 and is projected to reach INR 61,396 crore (USD 7.1 billion) by 2030, growing at a CAGR of approximately 7.6%. The market is highly fragmented, with over 3,000 players. Around 15-20 large companies control 28% of the market, while the rest is shared by medium, small, and micro enterprises.

As of this Red Herring Prospectus, our company is engaged in the business of trading and manufacturing of specialty chemicals, with a primary focus on food and feed additives. Our product portfolio includes Glycinates and EDTAs in variants such as Zinc, Copper, and Magnesium, along with Mineral Mixtures, Calcium Propionate, Ferric Pyrophosphate, Technical Grade Urea, Virgin Base Oil, Magnesium Oxide, By-Pass Fat etc.

Strengths

Risk

Strategy