Description

IPO listing of 12,240,000 equity shares of SK Minerals & Additives Limited with various lock-in periods ranging from November 2025 to October 2028.

Summary

BSE has listed 12,240,000 equity shares of SK Minerals & Additives Limited following its Initial Public Offering (IPO). All shares are fully paid and in demat form, with different tranches subject to varying lock-in periods. The shares include free IPO shares and anchor investor allocations with specific lock-in requirements.

Key Points

  • Total shares listed: 12,240,000 equity shares
  • All shares are fully paid and in demat form
  • Free IPO shares: 2,560,000 (no lock-in)
  • Promoter/locked-in shares: 6,440,000 with lock-in periods of 1-3 years
  • Anchor investor shares: 923,000 with lock-in until January and November 2026
  • Lock-in periods range from November 2025 to October 2028
  • Distinctive number range: 1 to 12,240,000

Regulatory Changes

No regulatory changes introduced. This is a standard IPO listing notification.

Compliance Requirements

  • Lock-in restrictions must be observed as per SEBI IPO guidelines
  • 2,560,000 shares are freely tradable without lock-in
  • 3,219,973 shares locked-in from October 7, 2025 to October 21, 2028 (3 years)
  • 3,220,027 shares locked-in from October 7, 2025 to October 21, 2027 (2 years)
  • 2,317,000 shares locked-in from October 7, 2025 to October 21, 2026 (1 year)
  • Anchor investor shares (462,000) locked-in from October 15, 2025 to January 13, 2026
  • Anchor investor shares (461,000) locked-in from October 15, 2025 to November 14, 2025

Important Dates

  • October 7, 2025: Lock-in start date for promoter shares
  • October 15, 2025: Lock-in start date for anchor investor shares
  • November 14, 2025: Lock-in expiry for 461,000 anchor shares
  • January 13, 2026: Lock-in expiry for 462,000 anchor shares
  • October 21, 2026: Lock-in expiry for 2,317,000 shares (1-year lock-in)
  • October 21, 2027: Lock-in expiry for 3,219,973 shares (2-year lock-in)
  • October 21, 2028: Lock-in expiry for 3,220,027 shares (3-year lock-in)

Impact Assessment

Market Impact: Medium - The listing adds a new stock to BSE with significant portion (approximately 79%) under lock-in, limiting immediate trading float. Only 2,560,000 shares (21%) are immediately available for free trading.

Liquidity Impact: The staggered lock-in releases will gradually increase tradable float over three years, with major unlock events in 2026, 2027, and 2028. Anchor investor lock-ins expire within 3 months, adding 923,000 shares to the free float.

Investor Impact: Lock-in structure provides price stability in initial trading period while protecting long-term investor interests through promoter commitment.

Impact Justification

Standard IPO listing notification with lock-in requirements for promoters and anchor investors