Description
BSE announces the listing of 12,240,000 equity shares of SK Minerals & Additives Limited following its IPO with various lock-in periods applicable to different share categories.
Summary
BSE has listed 12,240,000 fully paid equity shares of SK Minerals & Additives Limited following its Initial Public Offering. The shares are held in demat form with varying lock-in periods ranging from November 2025 to October 2028 depending on the category of shares.
Key Points
- Total shares listed: 12,240,000 equity shares
- All securities are fully paid and in demat form
- Distinctive numbers range from 1 to 12,240,000
- Multiple lock-in periods apply to different share categories
- 2,560,000 shares are free IPO shares without lock-in
- Anchor investor shares: 923,000 shares with shorter lock-in periods
- Promoter/pre-IPO shares: 8,757,000 shares with extended lock-in periods
Share Distribution Details
| Number of Shares | Distinctive Numbers | Lock-in Period | Category |
|---|---|---|---|
| 2,560,000 | 1 to 2,560,000 | No lock-in | Free IPO shares |
| 3,219,973 | 2,560,001 to 5,779,973 | 07/10/2025 to 21/10/2028 | 3-year lock-in |
| 3,220,027 | 5,779,974 to 9,000,000 | 07/10/2025 to 21/10/2027 | 2-year lock-in |
| 462,000 | 9,000,001 to 9,462,000 | 07/10/2025 to 21/10/2026 | 1-year lock-in |
| 461,000 | 9,462,001 to 9,923,000 | 15/10/2025 to 13/01/2026 | Anchor investor |
| 2,317,000 | 9,923,001 to 12,240,000 | 15/10/2025 to 14/11/2025 | Anchor investor |
Important Dates
- First lock-in expiry (Anchor - shorter): 14 November 2025
- Second lock-in expiry (Anchor - longer): 13 January 2026
- 1-year lock-in expiry: 21 October 2026
- 2-year lock-in expiry: 21 October 2027
- 3-year lock-in expiry: 21 October 2028
Compliance Requirements
- All shares are held in dematerialized form
- Lock-in restrictions must be observed as per SEBI regulations
- Trading members must ensure compliance with lock-in provisions
Impact Assessment
Market Liquidity: Initially, only 2,560,000 shares (20.9% of total) are freely tradable. The phased unlock will progressively increase tradable float from November 2025 through October 2028.
Price Discovery: Limited free float at listing may result in higher volatility during initial trading sessions.
Long-term Impact: Gradual unlock over 3 years will provide staggered liquidity events, with the largest unlock (6.44 million shares or 52.6% of issue) occurring between October 2026-2028.
Impact Justification
Standard IPO listing announcement with significant volume of 12.24 million shares across multiple lock-in categories affecting market liquidity over different timeframes