S.K.Offset IPO
LISTEDSMESKOFFSETListing Performance
▲ 0.80%
Issue Price
₹125
Listing Price
₹126
Listed On
30 Sep 2026
- Price Band
- ₹119 – ₹125
- Lot Size
- 1,000
- Lot Value
- ₹1,25,000
- Open Date
- 23 Sep23 Sep 2026
- Close Date
- 25 Sep25 Sep 2026
- Min Investment
- ₹1,25,000
About S.K.Offset
S.K. Offset Limited is an Indian company engaged in manufacturing printed books, pamphlets, mono-cartons, labels, and stickers. The company provides custom offset printing, packaging, and labeling solutions primarily across the education, FMCG, food, and pharmaceutical sectors. It operates manufacturing and storage facilities in Meerut, Uttar Pradesh, housing production equipment for offset printing, packaging, and label manufacturing. Revenue is primarily generated through customer-specific purchase orders rather than long-term supply contracts. The company derives its revenue from domestic sales across multiple Indian states, alongside limited international transactions in regions such as Nepal, Ghana, and Canada. S. K. Offset Limited sources its core raw materials, including paper, paperboard, inks, adhesives, and films, from third-party suppliers to support its operations.
Use of IPO Proceeds
Total allocation: ₹20.77 Cr (excludes issue expenses)
Promoters
Mr. Pradeep Agarwal
Chairman & Managing Director · age 61
Over 18 years of experience
No formal Education
Pre-issue: 53.54% · Post-issue: 11.38%
Mr. Priyanshu Agarwal
Whole-time Director · age 36
Over 12 years of experience
Bachelor of Business Administration (BBA)
Pre-issue: 21.16% · Post-issue: 4.48%
Mr. Ayush Agarwal
Whole-time Director · age 34
Over 12 years of experience
Bachelor of Business Administration (BBA)
Pre-issue: 19.53% · Post-issue: 4.16%
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: BSE SME
Strengths (5)
- •Integrated printing, packaging, and labeling solutions under one entity.
- •Experienced promoter management driving long-term client relationships.
- •Manufacturing unit strategic positioning in Meerut, Uttar Pradesh.
- •Established customer presence across key sectors like education, food, and FMCG.
- •In-house production capabilities enhanced by modern Machinery investments.
Risk Factors (5)
- •High customer concentration with top 10 clients driving substantial revenue.
- •Geographic concentration with majority revenue generated from Uttar Pradesh.
- •Dependence on third-party suppliers for raw materials without long-term contracts.
- •Leased business premises and facilities subject to periodic renewal risks.
- •Historical negative operating cash flows experienced in past financial periods.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,25,000 |
| Retail (max) | 1 | 1,000 | ₹1,25,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,50,000 |
| S-HNI (max) | 8 | 8,000 | ₹10,00,000 |
| B-HNI (min) | 9 | 9,000 | ₹11,25,000 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | — | — | — |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | — | — | — |
| Total | — | — | — |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
23 Sep 2026 · Wed
Issue Closes
25 Sep 2026 · Fri
UPI Deadline
25 Sep 2026 · Fri
Allotment
28 Sep 2026 · Mon
Refund
29 Sep 2026 · Tue
Share Credit
29 Sep 2026 · Tue
Listing
30 Sep 2026 · Wed
Issue Opens
23 Sep 2026 · Wed
Issue Closes
25 Sep 2026 · Fri
UPI Deadline
25 Sep 2026 · Fri
Allotment
28 Sep 2026 · Mon
Refund
29 Sep 2026 · Tue
Share Credit
29 Sep 2026 · Tue
Listing
30 Sep 2026 · Wed
IPO Details
| Registrar | Maashitla Securities Private Limited |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹29.06 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Comfort Securities Limited |
3-Year Financial Summary
Revenue trend
↑ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 66.67 | 7.48 | — | — | 37.82% |
| FY25 | 48.2 | 1.54 | — | — | 21.44% |
| FY24 | 21.53 | 0.72 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 23.31 | 48.65 | 67 |
| EBITDA | 1.16 | 5.62 | 14.18 |
| Net Worth | — | 7.2 | 19.78 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
—
Price ÷ EPS
EPS (FY26)
—
Earnings per share
RoNW
37.82%
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
21.3%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in S.K.Offset's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in S.K.Offset's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in S.K.Offset's filing.
Source: S.K.Offset offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: S.K.Offset offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Mr. Pradeep Agarwal₹0.21 Cr p.a.
Chairman and Managing Director
Associated with Company's operational and strategic functions, including expansion into new markets and process
- Mr. Priyanshu Agarwal₹0.18 Cr p.a.
Whole-time Director
Involved in expansion of Company's packaging business and oversight of packaging business vertical
- Mr. Ayush Agarwal₹0.18 Cr p.a.
Whole-time Director
Bachelor of Business Administration (BBA) from Himalaya Garhwal University, Uttarakhand
Associated with Company since August 06, 2012; involved in expansion of packaging business since 2020; oversees operational functions relating to packaging division and business development activities
- Ms. Anuradha Singh₹0.00 Cr p.a.
Non-Executive Independent Director
Certificate of membership from ICAI; Bachelor of Commerce from University of Lucknow
Over four years of experience in financial, accounting, and regulatory matters, including statutory and internal audits, financial reporting, taxation, financial analysis, and compliance under Companies Act, 2013
- Mr. Tanishq Gakhar₹0.00 Cr p.a.
Non-Executive Independent Director
Certificate of membership from ICSI; Bachelor of Commerce from University of Lucknow
Around 2 years of experience in secretarial due diligence, financial modelling, and compliance under Companies Act, SEBI Regulations including SEBI (ICDR) Regulations, GST laws, Income Tax laws, and LLP laws
- Mr. Bhanu Pratap Singh₹0.00 Cr p.a.
Non-Executive Independent Director
Certificate of membership from ICSI; Bachelor of Laws (LL.B.) from University of Lucknow
Approximately six years of experience in corporate and regulatory matters, including secretarial due diligence, financial modelling, and compliance under Companies Act, 2013
Key Managerial Personnel (2)
- Mr. Kapil Kumar Gupta₹0.08 Cr p.a.
Chief Financial Officer
Bachelor of Commerce (B.Com.)
More than five year of experience across accounting, taxation, banking, sales, and administration; appointed as Manager in Accounts and Finance Department on January 30, 2025; designated as CFO with effect from May 05, 2026
- Ms. Tripti Vats
Company Secretary and Compliance Officer
Bachelor of Commerce from CH. Charan Singh University, Meerut; qualified Company Secretary with ICSI membership
Over 10 years of post-qualification experience in corporate compliance, secretarial matters, and regulatory affairs; prior association with Paswara Papers Limited
Source: S.K.Offset offer document (DRHP/RHP).
Industry & Market
Per Industry Report on Printing Packaging & Industry dated May 28, 2026 prepared by Infomerics Analytics and Research Pvt. Ltd, a report commissioned by the company (not independent).
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Maashitla Securities Private Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the S.K.Offset IPO opening?
The S.K.Offset IPO opens on 23 Sep 2026 and closes on 25 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the S.K.Offset IPO?
The price band for the S.K.Offset IPO is ₹119 to ₹125. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the S.K.Offset IPO?
The minimum lot size is 1000 shares with a minimum investment of ₹1,25,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of S.K.Offset IPO today?
The latest Grey Market Premium for S.K.Offset is ₹0 (+0.00%). GMP is unofficial data and is not a guarantee of listing price.
When will the S.K.Offset IPO list on NSE and BSE?
The S.K.Offset IPO is expected to list on 30 Sep 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the S.K.Offset IPO allotment status?
The registrar for this IPO is Maashitla Securities Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the S.K.Offset IPO a mainboard or SME issue?
S.K.Offset is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the S.K.Offset IPO?
You can apply for the S.K.Offset IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of S.K.Offset IPO?
The GMP-implied price (unofficial, not a forecast) is ₹125: the upper price band of ₹125 plus the latest grey market premium of ₹0, as of 30 Sep 2026, 11:33 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
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