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IPO Open

Wed, Sep 23, 2026

IPO Close

Fri, Sep 25, 2026

Price Band

₹119 to ₹125

Market Cap*

₹96.79 Cr * on Upper Price

IPO Details

  • IPO Date
    23 to 25 Sep, 2026
  • Listing Date
    Wed, Sep 30, 2026
  • 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 Open
    Wed, Sep 23, 2026
  • Allotment
    Mon, Sep 28, 2026
  • Credit of Shares
    Tue, Sep 29, 2026
  • IPO Close
    Fri, Sep 25, 2026
  • Refund
    Tue, Sep 29, 2026
  • Listing
    Wed, Sep 30, 2026

Issue Reservation

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.

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%

IPO Lot Size

Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.

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

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)

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.   (Amount in ₹ Crore)

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

Recently Listed IPOs in Packaging

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Dhaval Packaging Ltd. SME ₹36.36 Cr ₹97 12.05 ₹111.68 +15.13% ₹114.00
Diksha Polymers Ltd. SME ₹17.90 Cr ₹112 9.79 ₹120.20 +7.32% ₹200.00
RFBL Flexi Pack Ltd. SME ₹35.33 Cr ₹50 9.75 ₹55.10 +10.20% ₹89.00

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # 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

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
  • 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

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.

IPO Lead Manager(s)

  1. Comfort Securities Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

S.K.Offset Ltd. Address
15
Sports Complex Enclave Delhi Road
Meerut, Uttar Pradesh, 250002

IPO FAQs

S.K.Offset IPO is a SME IPO of 23,25,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹119 to ₹125. The minimum order quantity is 1000.

The IPO opens on Wed, Sep 23, 2026, and closes on Fri, Sep 25, 2026.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in S.K.Offset IPO using UPI as a payment gateway. Angel One customers can apply in S.K.Offset IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in S.K.Offset IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘S.K.Offset IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The S.K.Offset IPO opens on Wed, Sep 23, 2026 and closes on Fri, Sep 25, 2026.

S.K.Offset IPO lot size is 1000, and the minimum amount required for application is ₹2,50,000, with 2 lots being the minimum application size.

You can apply in S.K.Offset IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for S.K.Offset IPO will be done on Monday, September 28, 2026, and the allotted shares will be credited to your demat account by Tue, Sep 29, 2026. Check the S.K.Offset IPO allotment status.

The S.K.Offset IPO listing date is not yet announced. The tentative date of listing is Wed, Sep 30, 2026.

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