S.K.Offset IPO
S.K.Offset IPO is a BSE SME book-built issue of ₹29.06 crore, comprising entirely of a Fresh Issue of 23,25,000 equity shares with no Offer for Sale. The price band is ₹119 to ₹125 per share, with a lot size of 1,000 shares. The IPO is scheduled to open o
S.K.Offset IPO Details
S.K.Offset IPO bidding is scheduled to start from September 23, 2026 and end on September 25, 2026. The allotment is expected on September 28, 2026, while refunds and credit of shares to Demat accounts are expected on September 29, 2026. S.K.Offset IPO is scheduled to list on BSE SME on September 30, 2026.
S.K.Offset IPO GMP
S.K.Offset IPO GMP has not started as of September 14, 2026. Current grey-market data is unavailable, so the GMP is shown as ₹0 for tracking purposes. GMP is unofficial and should not be considered a guaranteed indication of the actual listing price.
S.K.Offset IPO Timeline (Tentative)
S.K.Offset IPO is scheduled to open for subscription on September 23, 2026 and close on September 25, 2026. The basis of allotment is expected to be finalized on September 28, refunds are expected to begin on September 29, and shares are expected to be credited to successful applicants' Demat accounts on the same day. The shares are scheduled to list on BSE SME on September 30, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Sep 23, 2026 |
| IPO Close Date | Fri, Sep 25, 2026 |
| Basis of Allotment | Mon, Sep 28, 2026 |
| Initiation of Refunds | Tue, Sep 29, 2026 |
| Credit of Shares to Demat | Tue, Sep 29, 2026 |
| Listing Date | Wed, Sep 30, 2026 |
| IPO Opens | September 23, 2026 |
| IPO Closes | September 25, 2026 |
| Basis of Allotment | September 28, 2026 |
| Refund Initiation | September 29, 2026 |
| Credit of Shares to Demat | September 29, 2026 |
| Listing Date | September 30, 2026 |
S.K.Offset IPO Lot Size
The S.K.Offset IPO lot size is 1,000 shares. At the upper price band of ₹125 per share, one lot requires an investment of ₹1,25,000. The minimum retail application is 2 lots, or 2,000 shares, requiring ₹2,50,000. S-HNI investors can apply for a minimum of 3 lots, while the B-HNI category starts at 9 lots.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 2,50,000 |
| Retail (Max) | 2 | 2,000 | 2,50,000 |
| S-HNI (Min) | 3 | 3,000 | 3,75,000 |
| S-HNI (Max) | 8 | 8,000 | 10,00,000 |
| B-HNI (Min) | 9 | 9,000 | 11,25,000 |
S.K.Offset IPO Reservation
S.K.Offset IPO is a 100% Fresh Issue of 23,25,000 equity shares. The issue is proposed to be allocated with not more than 50% of the net issue for QIBs, not less than 15% for NIIs and not less than 35% for retail investors.
S.K.Offset IPO Subscription
S.K.Offset IPO has not yet opened for subscription. Category-wise and overall subscription figures will be available after bidding begins.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About S.K.Offset
S.K.Offset Limited is a Meerut-based printing and packaging company incorporated in 2007. The company provides integrated offset printing, packaging and labelling solutions for a range of customers and industries.
Its product portfolio includes labels, mono cartons, rigid boxes, packaging cartons, stickers, barcodes, posters, books, pamphlets and other customized printed products. The company also undertakes designing, graphics, lithography, packaging development and publication-related services. Its customers operate across sectors such as FMCG, pharmaceuticals, cosmetics, education, consumer products and other industries requiring printed packaging and promotional material.
The company operates manufacturing facilities in Meerut, Uttar Pradesh, and has developed capabilities covering printing, packaging and labelling. It also trades in and deals with printing and packaging materials such as paper, paperboard, foils and inks.
Strengths
- Integrated printing, packaging and labelling capabilities across multiple product categories.
- Established operating history since 2007 in the printing and packaging industry.
- Strong growth in total income, which increased from ₹23.31 crore in FY2024 to ₹48.65 crore in FY2025.
- December 2025 financials show total income of ₹40.17 crore and PAT of ₹3.29 crore.
- The proposed IPO proceeds are directed toward capital expenditure and working-capital requirements, which can support business expansion.
Risks to Consider
- The company operates with a relatively high debt burden, with borrowings of ₹31.79 crore as of December 31, 2025.
- Working-capital requirements are significant and can affect operating cash flows.
- The printing and packaging sector is competitive and sensitive to raw-material prices, customer demand and capacity utilization.
- A substantial portion of the company's business is dependent on successful execution of customer orders and timely collection of receivables.
- Investors should consider the SME-platform liquidity and trading risks in addition to company-specific business risks.
S.K.Offset Financials (₹ Cr)
S.K.Offset reported strong growth in total income from ₹15.39 crore in FY2023 to ₹23.31 crore in FY2024 and ₹48.65 crore in FY2025. Profit after tax increased from ₹0.86 crore in FY2023 to ₹0.72 crore in FY2024 and ₹1.54 crore in FY2025. For the nine-month period ended December 31, 2025, total income stood at ₹40.17 crore and PAT was ₹3.29 crore.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| Dec 2025 | ₹40.17 Cr | ₹3.29 Cr | ₹74.33 Cr | ₹15.58 Cr |
| FY2025 | ₹48.65 Cr | ₹1.54 Cr | ₹55.77 Cr | ₹7.20 Cr |
| FY2024 | ₹23.31 Cr | ₹0.72 Cr | ₹28.85 Cr | ₹4.58 Cr |
KPIs & Valuation
For the period ended December 31, 2025, S.K.Offset reported EPS of ₹6.06, ROE/RoNW of 21.09%, ROCE of 13.03%, EBITDA margin of 18.51% and PAT margin of 8.23%. At the upper price band of ₹125, the pre-IPO P/E based on the December 2025 EPS is approximately 20.63x.
Objects of the Issue
The S.K.Offset IPO proceeds are proposed to be used primarily for capital expenditure towards plant and machinery, funding incremental working-capital requirements and general corporate purposes.
- The company proposed to utilise the IPO proceeds for:
- Funding capital expenditure towards purchase of plant and machinery at Meerut.
- Funding incremental working-capital requirements of the Company.
- General corporate purposes.
Promoters, Lead Managers & Registrar
S.K.Offset Limited is promoted by Pradeep Agarwal, Priyanshu Agarwal and Ayush Agarwal. Comfort Securities Limited is the Book Running Lead Manager to the issue, while Maashitla Securities Private Limited is the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Maashitla Securities Private Limited |
|---|---|
| Phone | 011-45121798 |
| mukul@masshitla.com | |
| Website | https://maashitla.com/ |
S.K.Offset IPO Review
S.K.Offset has established itself as an integrated printing and packaging solutions provider with a product range covering labels, cartons, boxes, stickers, books and other customized printed products. Its long operating history and presence across several packaging and printing applications provide a reasonable foundation for future growth.
The company has reported substantial improvement in financial performance, with total income increasing from ₹15.39 crore in FY2023 to ₹23.31 crore in FY2024 and ₹48.65 crore in FY2025. For the period ended December 31, 2025, total income stood at ₹40.17 crore and PAT reached ₹3.29 crore.
The IPO proceeds are intended for plant and machinery and working capital, which can support capacity and operating requirements. However, investors should also evaluate the company's relatively high borrowings and working-capital intensity. The valuation should be considered alongside profitability, debt levels, cash-flow performance and the risks associated with SME-listed companies.
How to Apply
S.K.Offset IPO applications can be made through ASBA or UPI. The minimum application is 2 lots of 1,000 shares each, requiring ₹2,50,000 at the upper price band of ₹125.
Through UPI
- Log in to your stockbroker app/website.
- Go to the IPO section.
- Select S.K.Offset IPO.
- Enter the number of lots you want to apply for.
- Select the bid price. Investors can generally choose Cut-off when available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's DRHP, RHP and other offer documents for detailed information about the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds.
Last updated Sep 14, 2026.