Summary
S.K. Offset IPO will be available for subscription from September 23, 2026, to September 25, 2026. The price band is set at ₹119-₹125 per share, and the total issue size is ₹29.06 crore.
The firm offers printing and packaging services, such as commercial printing, labelling, and packaging products.
The minimum application limit for retailers is 2,000 shares i.e., 2 lots, while the minimum application amount is ₹2,50,000. S-HNIs have a minimum of 3,000 shares, amounting to ₹3,75,000.
The upper price band stands at ₹125 per share. The maximum for S-HNI is 8 lots with 8,000 shares, amounting to ₹10,00,000.
S.K. Offset IPO is a BSE SME book-built IPO that will open from 23 September 2026 to 25 September 2026. This is a fresh issue with an issue size of ₹29.06 crore for a total of 23,25,000 shares; of these, 22,05,000 shares are for the fresh issue, and 1,20,000 shares are for the market maker.
The issue will be priced at ₹119-₹125 per share, with a lot size of 1,000 shares. The basis of allotment date is 28 September 2026, and the refund and credit of shares will be made on 29 September 2026. The listing of shares will take place on the BSE SME on 30 September 2026.
For individual investors, the application limit will be 2,000 shares, i.e., 2 lots; for S-HNI, the minimum is 3,000 shares, and the maximum is 8,000 shares; and for B-HNI, the minimum is 9 lots with 9,000 shares, amounting to ₹11,25,000.
S.K. Offset IPO Key Details
Here is a quick look at the important details of the S.K. Offset IPO:
| IPO Open Date | 23 September, 2026 |
| Close Date | 25 September, 2026 |
| Face value | ₹10 per share |
| Price Band | ₹119 to ₹125 |
| Issue price | – |
| IPO Lot Size | 1,000 shares |
| Offer for sale | – |
| Fresh issue | 22,05,000 shares (~₹28 cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | 23,25,000 shares (29.06 cr) |
| Minimum Investment | ₹2,50,000 (2,000 shares) |
S.K. Offset IPO Timeline
The key dates for the S.K. Offset IPO are given below:
| Bidding Opens | 23 September, 2026 |
| Bidding Closes | 25 September, 2026 |
| Allotment Planned For | 28 September, 2026 |
| Refunds Start On | 29 September, 2026 |
| Share Credit to Demat | 29 September, 2026 |
| Listing Scheduled | 30 September, 2026 |
| Cut-off for UPI mandate | 25 September, 2026 5:00 PM |
S.K. Offset Key Performance Indicators (KPIs)
S.K. Offset IPO KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 37.82% | 21.44% | 15.74% |
| ROCE (%) | 22.91% | 10.78% | 9.99% |
| Debt-Equity (times) | 1.75 | 4.49 | 3.21 |
| RoNW (%) | 37.82% | 21.44% | 15.74% |
| PAT Margin (%) | 11.22% | 3.20% | 3.35% |
| EBITDA Margin (%) | 21.27% | 11.65% | 5.39% |
| Price Book Value | 3.42 | – |
S.K. Offset IPO Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 8,175.62 | 5,577.47 | 2,884.70 |
| Revenue from operations | 6,667.29 | 4,820.34 | 2,153.09 |
| Profit After Tax | 747.96 | 154.41 | 72.04 |
S.K. Offset IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
S.K. Offset IPO Grey Market Premium
The listing date for the S.K. Offset IPO is expected on 30, September 2026, with a price range of ₹119- ₹125 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
| Date | GMP | Estimated Listing Price | Estimated Listing Gain | Last Updated |
| 16-09-2026 | ₹0 | ₹125 | 0% | 16-09-2026 10:50 |
| 15-09-2026 | ₹0 | ₹125 | 0% | 15-09-2026 11:15 |
| 14-09-2026 | ₹0 | ₹125 | 0% | 14-09-2026 10:24 |
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
S.K. Offset IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | 1,20,000 shares (~₹2 cr) |
| QIB | 9,00,000 shares |
| NIIs | 3,33,000 shares |
| Retail Investors | 9,72,000 shares |
| Total Shares | 23,25,000 shares |
S.K. Offset IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 2 | 2,000 | ₹2,50,000 |
| Individual Investor – Maximum | 2 | 2,000 | ₹2,50,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,75,000 |
| S-HNI Maximum | 8 | 8,000 | ₹10,00,000 |
| B-HNI Minimum | 9 | 9,000 | ₹11,25,000 |
S.K. Offset IPO Anchor Investors
The allotment status of the S.K. Offset IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
S.K. Offset IPO Prospectus
For more information on the S.K. Offset IPO, check the links below:
About S.K. Offset IPO
Incorporation: 2007
Managing Director: Pradeep Agarwal
S.K. Offset is a company that is involved in printing and packaging. It offers various printing options for different customers, including commercial printing, packaging materials, labels, brochures, catalogues, books, and other customised printed materials.
The firm primarily focuses on meeting diverse needs by offering the aforementioned printing facilities. The services are offered to customers who require professional printing of promotional, commercial, and packaging materials.
The firm operates in a highly competitive printing sector, where factors such as product quality, on-time delivery, customer needs, and production capabilities can influence demand.
| Issue Registrar | Maashitla Securities Pvt. Ltd. |
| Lead Manager | Comfort Securities Ltd |
S.K. Offset IPO Objectives
Funds received from the IPO will be directed towards the following purposes:
| Particulars | Amount (in ₹ Lakhs) |
| Capital expenditure towards the purchase of plant and machinery at Meerut | 211 |
| Funding incremental working capital requirements of the company | 1,865.92 |
| General corporate purposes |
Strengths of S.K. Offset IPO
Below are the strengths that may assist the reader in understanding the business quality and financial performance of the organisation in question.
- Diverse Product Offering in the Printing & Packaging Sectors: S.K. Offset operates in the printing, packaging, and labelling sectors, enabling it to cater to diverse customer demands. The company offers books, commercial printing, mono cartons, rigid boxes, and labelling services. Diversification of products reduces risk from any one particular product category.
- Efficiency in Operation: The EBITDA of S.K. Offset for FY2026 is ₹1,417.94 Lakhs, whereas for FY2025 it is ₹561.61 Lakhs. The EBITDA margin for S.K. Offset for FY2026 is 21.27%, whereas for FY2025 it is 11.65%. Efficiency in operations can be found in S.K. Offset in FY2026.
- Spread to Diverse Industries: The packaging material provided by S.K. Offset is used by companies across diverse industries, including pharmaceuticals, FMCG, food and beverages, and cosmetics. This will help them spread across many industries and avoid depending on any one industry.
- Growth in High Income and Profits: The firm’s income is growing at about 38.31%, increasing from ₹4,820.34 Lakhs in 2025 to ₹6,667.29 Lakhs in 2026. The profit after tax increased from ₹154.41 Lakhs to ₹747.96 Lakhs during this period.
Risks of S.K. Offset IPO
- Reliance on Few Customers: Many of the sales of S.K. Offset are dependent on a few customers without any guaranteed contract. The loss of a few large customers would, in turn, impact the organisation’s sales and profitability. This is one of the important elements to be kept in mind.
- Heavy Reliance on Suppliers: The top 10 suppliers of S.K. Offset accounted for 65.59% of its total purchase value in FY2026. This heavy reliance on a few suppliers poses some risk to the company.
- Debt Level is still an Issue: For the financial year 2026, S.K. Offset had borrowings of approximately ₹3,458.05 Lakhs, while its net worth was ₹1,977.64 Lakhs. The company’s debt-to-equity ratio was approximately 1.75; hence, interest expenses and debt servicing would be key elements in future cash flow generation.
- Prices of Raw Materials may Change: The manufacturing of prints and packaging depends on raw materials such as paper, paperboard, foil, and ink. If their prices change, then it will affect the cost of production.
S.K. Offset IPO Review
S.K. Offset is in the Printing & Packaging industry and provides products across commercial printing, labels, mono cartons, rigid boxes, and packaging. Profit after tax has increased from ₹154.41 Lakhs in FY25 to ₹747.96 Lakhs in FY26, while the EBITDA margin is 21.27%.
The total size of the issue in the IPO is ₹29.06 crores, which will be used by the company to purchase plant and machinery and to meet working capital needs. However, there are some borrowings of ₹3,458.05 Lakhs in FY2026, while the debt-to-equity ratio is 1.75.
One more important ratio is the supplier concentration ratio. Total purchases from the top 10 suppliers account for 65.59%. The company operates in an industry where the price of paper, paperboard, and other things may vary.
Investors should consider these factors when examining its financial and operational profile.
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S.K. Offset IPO FAQs
S.K. Offset IPO is the initial public offering of S.K. Offset, a firm in the printing & packaging sector. The offer starts on 23 September 2026 and ends on 25 September 2026.
Investors can apply for the IPO through their stockbroker or through any approved online IPO portal. Investors usually have the option to apply for the IPO through the ASBA route via banks.
Investors are required to evaluate the company themselves by considering the merits and demerits of the company’s financials, borrowings, customers, suppliers, and the purpose for raising funds via the IPO.
There is no guaranteed return from an IPO. Post-listing stock price may vary depending on the market, demand, performance, and trading conditions. GMP is also unscheduled and can be revised even prior to listing.
S.K. Offset has set September 23, 2026 as the opening date of its IPO. The closing date of the IPO is September 25, 2026, as per the available IPO schedule.
The number of shares in each lot is 1,000. The price band is ₹119-₹125, and the listing is on the BSE SME.
The allotment date is set for September 28, 2026. The next step will be the refund and allotment of shares, as per the final allotment.
The shares will be listed on September 30, 2026. The listing will be done on the BSE SME platform as per the IPO schedule.
