S.K.Offset IPO is an upcoming SME Book Built public issue of S.K. Offset Limited. The public issue consists entirely of a fresh issue of 23,25,000 equity shares. After the completion of the IPO process, the company’s equity shares are proposed to be listed on the BSE SME platform.
The company proposes to utilise the net proceeds from the fresh issue primarily for capital expenditure towards the purchase of plant and machinery at Meerut, funding incremental working capital requirements, and general corporate purposes.
S.K. Offset Limited is engaged in the printing and packaging industry and provides integrated printing, packaging and labelling solutions. Its product portfolio includes labels, folding cartons, litho-laminated cartons, corrugated cartons, books and other customised printed products. The company serves customers across different industries requiring printing and packaging solutions.
The company was established in 2007 and has developed capabilities across different printing verticals. Its official website highlights services covering labels, folding cartons, litho-laminated cartons, corrugated cartons and book printing, supported by modern printing and production infrastructure.
The organised printing and packaging industry continues to benefit from demand for branded packaging, product labels, cartons, commercial printing and customised packaging solutions. Investors should carefully analyse the company’s financial performance, valuation, competitive strengths, industry conditions and future expansion plans before making an investment decision.
Table of Contents
S.K.Offset IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | S.K. Offset IPO |
| Company Name | S.K. Offset Limited |
| IPO Type | SME IPO |
| Issue Type | Book Built Issue |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹119 to ₹125 Per Share |
| Total Issue Size | ₹29.06 Cr |
| Fresh Issue | 23,25,000 Equity Shares |
| Offer for Sale | Nil |
| IPO Opening Date | 23 September 2026 |
| IPO Closing Date | 25 September 2026 |
| Listing Date | 30 September 2026 |
| Market Maker Portion | 1,20,000 Equity Shares |
| Listing At | BSE SME |
| Lot Size | 1,000 Shares |
| Minimum Application | 2 Lots / 2,000 Shares |
| Minimum Investment | ₹2,50,000 |
| Registrar | Maashitla Securities Private Limited |
| Lead Manager | Comfort Securities Limited |
S.K. Offset has filed for a fresh issue of 23,25,000 equity shares and the proposed listing is on BSE SME. The price band, issue dates and lot size are yet to be announced.
The company proposes to use approximately ₹2.11 crore for capital expenditure towards plant and machinery at Meerut and approximately ₹19.90 crore for incremental working capital requirements. The balance is proposed for general corporate purposes.
S.K.Offset IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | 23 September 2026 |
| IPO Closing Date | 25 September 2026 |
| Basis of Allotment | 28 September 2026 |
| Refund Initiation | 29 September 2026 |
| Shares Credited to Demat Account | 29 September 2026 |
| Listing Date | 30 September 2026 |
The IPO dates will be updated after S.K. Offset announces the final issue schedule along with the price band and lot size.
S.K. Offset IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investors | 5,40,000 | 23.23% |
| Qualified Institutional Buyers (QIB) | 3,60,000 | 15.48% |
| Non-Institutional Investors (NII) | 3,33,000 | 14.32% |
| Retail Individual Investors (RII) | 9,72,000 | 41.81% |
| Market Maker | 1,20,000 | 5.16% |
| Total | 23,25,000 | 100% |
The anchor investor portion is included within the institutional allocation structure.
S.K. Offset IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Individual – Minimum | 2 | 2,000 | ₹2,50,000 |
| Retail Individual – Maximum | 2 | 2,000 | ₹2,50,000 |
| sHNI – Minimum | 3 | 3,000 | ₹3,75,000 |
| sHNI – Maximum | 8 | 8,000 | ₹10,00,000 |
| bHNI – Minimum | 9 | 9,000 | ₹11,25,000 |
At the upper price band of ₹125, retail investors need to apply for a minimum of 2,000 shares, requiring an investment of ₹2.50 lakh.
About S.K. Offset Limited
S.K. Offset Limited is a printing and packaging company based in Meerut, Uttar Pradesh. The company was incorporated in 2007 and operates across multiple printing and packaging verticals. Its offerings include customised labels, folding cartons, litho-laminated cartons, corrugated cartons, books and commercial printing solutions.
The company focuses on providing customised printing solutions for brands and businesses. Its printing capabilities include offset printing, label printing and packaging printing, while its production setup includes modern printing equipment designed to handle different types of commercial and packaging requirements.
S.K. Offset also provides packaging and printing solutions for industries such as FMCG, pharmaceuticals, cosmetics, consumer products and other sectors where product presentation and packaging are important. Its official website highlights a focus on quality, precision, customisation and consistent production.
Business Operations
S.K. Offset Limited operates an integrated printing and packaging business offering a range of products and services.
- Label Printing – The company provides customised labels, product labels, security labels and other label printing solutions.
- Folding Cartons – It manufactures customised folding cartons in different sizes, shapes, finishes and designs.
- Litho-Laminated Cartons – The company provides litho-laminated packaging combining printed surfaces with stronger corrugated structures.
- Corrugated Cartons – It provides printed corrugated packaging solutions for product protection and branding.
- Book Printing – The company provides hardcover, softcover and customised book printing services.
- Commercial Printing – Its capabilities include commercial print products such as brochures, catalogues, posters and other printed materials.
- Customised Packaging – The company provides packaging solutions based on customer-specific product, branding and presentation requirements.
- Specialty Finishes – Printing solutions can include finishing options such as lamination, UV, embossing, varnishing and other customised effects.
Industry Overview
India’s printing and packaging industry continues to benefit from increasing demand for branded packaging, labels, cartons, commercial printing and customised product presentation. Growth in consumer products, pharmaceuticals, FMCG, cosmetics and other packaged-product categories supports demand for printing and packaging solutions.
The increasing importance of product branding and attractive packaging is also creating opportunities for companies offering customised printing services. Technological improvements in printing, finishing and packaging can further support productivity and product quality.
However, the industry is competitive and companies need to manage raw material costs, customer requirements, production efficiency, technology investments and pricing pressures effectively.
Business Strategy
S.K. Offset Limited focuses on expanding its printing and packaging capabilities and strengthening its production infrastructure.
The company proposes to use IPO proceeds for new plant and machinery at Meerut and incremental working capital, which is expected to support capacity and operational requirements.
Its business strategy includes expanding printing capabilities, strengthening packaging solutions, improving production efficiency, serving a wider customer base and developing customised products across different printing verticals.
The company also emphasises technology adoption, quality control, customisation and sustainable printing practices as part of its operating approach.
S.K.Offset IPO Financial Information
S.K. Offset reported growth in total income and profitability during FY2026. Total income increased from ₹48.65 crore in FY2025 to ₹67.00 crore in FY2026, while profit after tax increased from ₹1.54 crore to ₹7.48 crore.
Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Assets | ₹28.85 Cr | ₹55.77 Cr | ₹81.76 Cr |
| Total Income | ₹23.31 Cr | ₹48.65 Cr | ₹67.00 Cr |
| Profit After Tax | ₹0.72 Cr | ₹1.54 Cr | ₹7.48 Cr |
| Net Worth | ₹4.58 Cr | ₹7.20 Cr | ₹19.78 Cr |
| Reserves & Surplus | ₹3.58 Cr | ₹5.95 Cr | ₹14.36 Cr |
| Total Borrowings | ₹14.70 Cr | ₹32.35 Cr | ₹34.58 Cr |
The financial figures are based on the reported restated financial information for the IPO.
S.K.Offset IPO Key Performance Indicators (KPIs)
| KPI | FY2026 |
|---|---|
| EPS | ₹13.80 |
| NAV | ₹36.50 |
| RoNW | 37.82% |
| ROE | 37.82% |
| ROCE | 22.91% |
| EBITDA Margin | 21.27% |
| PAT Margin | 11.22% |
| Debt to Equity | 1.75 |
| Pre-IPO P/E | 9.06x |
| Post-IPO P/E | 12.94x |
The valuation figures are based on FY2026 earnings and the IPO price band.
The company’s reported KPIs indicate an improvement in EBITDA margin and PAT margin for the period ended 31 December 2025 compared with FY2025. Investors should evaluate these ratios along with the company’s borrowing levels, cash flows, business growth and IPO valuation.
Objects of S.K. Offset IPO
The company proposes to utilise the IPO proceeds for the following purposes:
| Object | Amount |
|---|---|
| Capital expenditure towards purchase of Plant and Machinery at Meerut | ₹2.11 Cr |
| Funding Incremental Working Capital Requirements | ₹18.66 Cr |
| General Corporate Purposes | Balance Amount |
The principal use of the issue proceeds is to fund plant and machinery and incremental working capital requirements.t the company’s production infrastructure and working capital requirements.
S.K.Offset IPO Listing Performance
The listing performance reflects how the company’s shares perform after listing on the stock exchange. Since the IPO has not yet opened, the listing price and listing gain are not available.
| Particular | Value |
|---|---|
| IPO Price Band | ₹119 to ₹125 |
| Final Issue Price | Yet to be Updated |
| Listing Price | Yet to be Updated |
| Listing Gain/Loss | Yet to be Updated |
| Closing Price | Yet to be Updated |
The listing performance will be available after the company’s shares commence trading on the BSE SME platform.
S.K.Offset IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Since the IPO has not yet opened, category-wise subscription data is currently unavailable.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Yet to be Updated |
| Non-Institutional Investors (NII) | Yet to be Updated |
| Retail Individual Investors (RII) | Yet to be Updated |
| Employee Category | Yet to be Updated |
| Total Subscription | Yet to be Updated |
The final subscription figures will be available after the IPO opens and closes for bidding.
S.K. Offset IPO GMP
The latest available grey market update shows the S.K. Offset IPO GMP at ₹0 as of 21 September 2026. GMP is an unofficial indicator and can change before the listing.
GMP History
| Date | GMP | Sub2 | Kostak |
|---|---|---|---|
| 21 September 2026 | ₹0 | 0 | 0 |
| 20 September 2026 | ₹0 | 0 | 0 |
| 19 September 2026 | ₹0 | 0 | 0 |
| 18 September 2026 | ₹0 | 0 | 0 |
| 17 September 2026 | ₹0 | 0 | 0 |
GMP figures are unofficial and should not be treated as a guaranteed indication of the listing price.
S.K.Offset IPO Review
S.K. Offset Limited operates across printing, packaging and labelling and has expanded its product portfolio over time. The company’s total income increased from ₹23.31 crore in FY2024 to ₹67.00 crore in FY2026, while PAT increased from ₹0.72 crore to ₹7.48 crore during the same period.
The IPO proceeds are primarily intended for capital expenditure and working capital requirements. The company also has exposure to raw material prices, customer concentration, competition and the execution of its planned capacity expansion.
At the upper price band of ₹125, the reported FY2026 pre-IPO P/E is 9.06x and post-IPO P/E is 12.94x.
S.K.Offset IPO Strengths
- Diversified Printing & Packaging Portfolio – The company offers labels, folding cartons, litho-laminated cartons, corrugated cartons, books and other printing solutions.
- Established Business Since 2007 – The company has been operating in the printing and packaging industry for several years.
- Integrated Printing Capabilities – The company has capabilities across printing, packaging and finishing requirements.
- Growing Financial Performance – Total income and PAT increased between FY2023 and FY2025.
- Planned Capacity Enhancement – IPO proceeds are proposed to fund plant and machinery at Meerut.
- Multiple End-Use Industries – The company’s printing and packaging products can serve FMCG, pharmaceutical, cosmetics, consumer and other industries.
S.K.Offset IPO Risk Factors
- High Working Capital Requirement – The company proposes a significant portion of the IPO proceeds for incremental working capital requirements.
- Borrowing Levels – The company has reported substantial borrowings, which investors should evaluate carefully.
- Competitive Industry – The printing and packaging sector has competition from established and regional players.
- Raw Material Price Risk – Changes in paper, packaging materials, inks and other input costs may affect margins.
- Capital Expenditure Execution Risk – Planned investment in new machinery requires effective execution and utilisation.
- Dependence on Customer Demand – Changes in demand from industries served by the company may affect business performance.
S.K.Offset IPO Promoters
S.K. Offset Limited is promoted by Pradeep Agarwal, Priyanshu Agarwal and Ayush Agarwal. The promoters have been associated with the company’s development and expansion in the printing and packaging business.
S.K.Offset IPO Promoters Details
| Promoter | Designation |
|---|---|
| Pradeep Agarwal | Promoter |
| Priyanshu Agarwal | Promoter |
| Ayush Agarwal | Promoter |
S.K.Offset IPO Management Team
The company is led by its promoter and management team with experience in printing, packaging and business operations.
| Name | Designation |
|---|---|
| Pradeep Agarwal | Chairman & Managing Director |
| Priyanshu Agarwal | Whole-Time Director |
| Ayush Agarwal | Whole-Time Director |
| Anuradha Singh | Independent Director |
| Tanishq Gakhar | Independent Director |
| Bhanu Pratap Singh | Independent Director |
The management and board details are based on the currently available IPO information.
S.K.Offset IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Private Limited |
| Website | https://maashitla.com |
| Address | 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi – 110034 |
| Phone | 011-45121795 / 011-45121796 |
| Email ID | [email protected] |
The registrar for the S.K. Offset IPO is Maashitla Securities Private Limited.
S.K.Offset IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating regulatory compliance and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Manager | Comfort Securities Limited |
| Address | A-301, Hetal Arch, Opposite Natraj Market, S.V. Road, Malad West, Mumbai – 400064 |
| Phone | 022-28449765 |
Comfort Securities Limited is the Book Running Lead Manager for the proposed S.K. Offset IPO.
S.K. Offset Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | S.K. Offset Limited |
| Registered Office | 15, Sports Complex Enclave, Delhi Road, Meerut, Uttar Pradesh 250002 |
| Website | https://www.skoffset.com |
| Email ID | [email protected] |
| Contact Number | +91 92582 06919 |
| CIN | U18129UP2007PLC032792 |
The company was originally incorporated as S.K. Offset Private Limited in February 2007 and was converted into a public limited company in 2025.
How to Check S.K.Offset IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the BSE IPO portal.
Through Maashitla Securities Private Limited
- Visit the official Maashitla IPO allotment portal.
- Select S.K.Offset IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select S.K.Offset IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
The allotment process and relevant investor services will become available after the IPO opens and the registrar finalises the basis of allotment.
S.K.Offset IPO Conclusion
S.K.Offset IPO provides an opportunity to invest in an established printing and packaging company operating across labels, cartons, books and other customised printing solutions. The company has developed its operations since 2007 and has invested in printing technology and production capabilities.
The proposed fresh issue is intended to support plant and machinery investment at Meerut and incremental working capital requirements, which may help the company strengthen its production capacity and operating base.
The company’s financial performance has shown growth in income and profitability over the reported periods. However, investors should also consider borrowing levels, working capital requirements, competition, raw material costs and the execution of planned capital expenditure.
A detailed assessment of the company’s final IPO price band, valuation, financial performance, business strategy, industry outlook and risk factors can help investors determine whether the S.K.Offset IPO is suitable for their investment objectives.
S.K.Offset IPO FAQs
What is S.K.Offset IPO?
S.K.Offset IPO is an upcoming SME public issue of S.K. Offset Limited. The company has proposed a fresh issue of 23,25,000 equity shares and the shares are proposed to be listed on BSE SME.
What is the price band of S.K.Offset IPO?
The price band of the S.K.Offset IPO has not yet been announced.
What is the issue size of S.K.Offset IPO?
The proposed fresh issue consists of 23,25,000 equity shares. The final issue size in ₹ crore will be updated after the company announces the price band.
When will the S.K.Offset IPO open?
The IPO opening date has not yet been announced.
When will the S.K.Offset IPO close?
The IPO closing date has not yet been announced.
On which stock exchange will S.K.Offset shares be listed?
The company’s equity shares are proposed to be listed on the BSE SME platform.
Who is the registrar for the S.K.Offset IPO?
Maashitla Securities Private Limited is the registrar to the S.K.Offset IPO.
What does S.K. Offset Limited do?
S.K. Offset Limited is engaged in the printing and packaging industry and provides solutions including labels, folding cartons, litho-laminated cartons, corrugated cartons, books and other customised printing products.
What are the objects of the S.K.Offset IPO?
The company proposes to use the IPO proceeds for purchasing plant and machinery at Meerut, funding incremental working capital requirements and general corporate purposes.
