S.K.Offset IPO
Updated 14 Sept 2026, 8:57 am.
Minimum investment (Individual investors (IND))
₹2,50,000
2 lots · 2,000 shares at the upper price band
Price band
₹119–125
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹27.56 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹119–125
- Issue size
- ₹27.56 Cr
- Lot size
- 1,000
- Opens
- 23 Sept 2026
- Closes
- 25 Sept 2026
- Allotment
- 28 Sept 2026
- Listing
- 30 Sept 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Maashitla Securities Pvt.Ltd.
- Minimum investment
- ₹2,50,000 (2 lots · 2,000 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 29 Sept 2026
- Shares credited
- 29 Sept 2026
- Promoter holding
- 100% before · 69.97% after
- Lead managers
- Comfort Securities Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 14 Sept 2026, 9:14 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 23 to 25 Sep, 2026 |
|---|---|
| Listing Date | Wed, Sep 30, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹119 to ₹125 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 23,25,000 shares (agg. up to ₹ 29 Cr) |
|---|---|
| Reserved for Market Maker | 1,20,000 shares (agg. up to ₹ 2 Cr) SMC Global Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 22,05,000 shares (agg. up to ₹ 28 Cr) |
| Net Offered to Public | 22,05,000 shares (agg. up to ₹ 28 Cr) |
| Share Holding Pre Issue | 54,18,320 shares |
| Share Holding Post Issue | 77,43,320 shares |
IPO Timetable (Tentative)
- IPO Open
- Wed, Sep 23, 2026
- IPO Close
- Fri, Sep 25, 2026
- Allotment
- Mon, Sep 28, 2026
- Refund
- Tue, Sep 29, 2026
- Credit of Shares
- Tue, Sep 29, 2026
- Listing
- Wed, Sep 30, 2026
Issue Reservation
- QIB38.71%
- NII (HNI)14.32%
- Retail41.81%
- Market Maker5.16%
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 9,00,000 | 40.82% | 38.71% |
| - Anchor Investor | 5,40,000 | — | 23.23% |
| - QIB (Ex. Anchor) | 3,60,000 | — | 15.48% |
| NII (HNI) | 3,33,000 | 15.10% | 14.32% |
| - bNII > ₹10L | 2,22,000 | — | 9.55% |
| - sNII < ₹10L | 1,11,000 | — | 4.77% |
| Retail | 9,72,000 | 44.08% | 41.81% |
| Firm Reservations | |||
| Market Maker | 1,20,000 | — | 5.16% |
| Total | 23,25,000 | 100.00% | 100.00% |
S.K.Offset IPO comprises a total issue size of 23,25,000 shares. The net offer to the public is 22,05,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 9,00,000 (40.82%) are allocated to QIB , 3,33,000 (15.10%) allocated to NII 9,72,000 (44.08%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,50,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,50,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,75,000 |
| S-HNI (Max) | 8 | 8000 | ₹10,00,000 |
| B-HNI (Min) | 9 | 9000 | ₹11,25,000 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
IPO Subscription Details
About S.K.Offset Ltd.
Incorporated in February 2007, S. K. Offset Limited is engaged in providing integrated printing and packaging solutions.The Company started its operations with offset printing and has gradually expanded into labelling and packaging solutions. Its printing services include books, textbooks, brochures, catalogues, stationery, pamphlets, magazines, journals and other commercial printing requirements. The Company also undertakes designing, graphics, lithography and publication-related activities.
The Company's product offerings are classified into Printing, Packaging and Labelling. Its packaging portfolio includes mono cartons, master cartons, boxes and other customised packaging products, while its labelling business covers stickers, product labels, barcodes and promotional materials in different sizes, formats and finishes. The Company also provides digital design services for packaging artwork, layout preparation, colour formatting and print-ready files.
The Company has undertaken forward integration across printing, packaging and labelling, enabling customers to source multiple products from a single supplier. It also trades, imports and exports printing and packaging materials such as paper, paperboard, foils and inks. Its integrated operations support product diversification and manufacturing capacity utilisation across different customer requirements.The Company serves customers across multiple industries and operates with an in-house production and operational structure.
As of the date of the Red Herring Prospectus, the Company had approximately 111 employees, comprising skilled, semi-skilled and unskilled personnel across production, administration, sales and marketing, finance, stock management and other functions.
Competitive Strengths
Diversified product offerings.
Commitment to quality standards.
Presence across multiple industries.
Established client and supplier relationships.
In-house operational and production structure.
Experienced Promoters and management team.
Integrated printing, packaging and labelling capabilities.
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 81.76 | 55.77 | 28.85 |
| Total Income | 67.00 | 48.65 | 23.31 |
| Profit After Tax | 7.48 | 1.54 | 0.72 |
| EBITDA | 14.18 | 5.62 | 1.16 |
| NET Worth | 19.78 | 7.20 | 4.58 |
| Reserves and Surplus | 14.36 | 5.95 | 3.58 |
| Total Borrowing | 34.58 | 32.35 | 14.70 |
| Amount in ₹ Crore |
S.K.Offset Ltd.'s revenue increased by 38% and profit after tax (PAT) rose by 384% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Packaging
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|---|---|---|---|---|---|---|---|
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View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To fund the Capital expenditure towards purchase of Plant and Machinery at Meerut | 2.11 |
| 2 | Funding incremental working capital requirements of the Company | 18.66 |
| 3 | General corporate purposes | — |
| Total | 20.77 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 37.82% |
| ROCE | 22.91% |
| Debt/Equity | 1.75 |
| RoNW | 37.82% |
| PAT Margin | 11.22% |
| EBITDA Margin | 21.27% |
| NAV | 36.50 |
| Price to Book Value | 3.42 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 13.80 | 9.66 |
| P/E (x) | 9.06 | 12.94 |
| Market Cap at Offer Price | ₹67.73 Cr. | ₹96.79 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group100%
Post IPO
- Promoter and Promoter Group69.97%
- Public30.03%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 69.97% |
| Public | — | 30.03% |
| Total | 100% | 100% |
Company Promoters: Pradeep Agarwal, Priyanshu Agarwal and Ayush Agarwal.
S.K.Offset IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Maashitla Securities Pvt.Ltd.
011-45121795
ipo@maashitla.com
IPO Lead Manager(s)
Comfort Securities Ltd.
Contact Details
S.K.Offset Ltd. Address
15
Sports Complex Enclave Delhi Road
Meerut, Uttar Pradesh , 250002
+91-9258206919
compliance@skoffset.com
S.K.Offset IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
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