S.K.Offset IPO Opens for Subscription
S.K.Offset IPO opened for subscription on September 23, 2026, and investors can bid until September 25. The book-built SME issue comprises 23.25 lakh equity shares and is entirely a fresh issue. At the upper price band of ₹125, the issue size is ₹29.06 crore. The shares are proposed to list on BSE SME.
| Particular | Details |
|---|---|
| IPO Name | S.K.Offset IPO |
| IPO Dates | Sep 23–25, 2026 |
| Price Band | ₹119–₹125 |
| Issue Size | ₹29.06 Cr |
| Issue Type | Fresh Issue |
| Fresh Shares | 23.25 Lakh |
| Lot Size | 1,000 Shares |
| Minimum Application | 2 Lots / 2,000 Shares |
| Minimum Investment | ₹2,50,000 |
| Listing Platform | BSE SME |
| Allotment | Sep 28, 2026 |
| Refund / Demat | Sep 29, 2026 |
| Listing | Sep 30, 2026 |
| Lead Manager | Comfort Securities |
| Registrar | Maashitla Securities |
S.K.Offset IPO GMP Today
The latest available grey-market indication shows S.K.Offset IPO GMP at ₹0 per share. At the upper price band of ₹125, this indicates an unofficial price of around ₹125 if the GMP remains unchanged.
| GMP Particular | Latest Update |
|---|---|
| GMP | ₹0 |
| Upper Price Band | ₹125 |
| Indicative Price | ₹125 |
| Indicative Premium | 0% |
GMP is an unofficial and unregulated market indicator. It can change before listing and should not be considered a guaranteed listing price.
S.K.Offset IPO Subscription Status
The IPO has opened today, September 23, so subscription activity is still developing. The issue reserves 9 lakh shares for QIBs, 3.33 lakh for NIIs, 9.72 lakh for retail investors and 1.20 lakh shares for the market maker.
| Category | Shares Offered |
|---|---|
| QIB | 9.00 Lakh |
| NII | 3.33 Lakh |
| Retail | 9.72 Lakh |
| Market Maker | 1.20 Lakh |
| Total | 23.25 Lakh |
Fresh category-wise subscription numbers will develop throughout the first day of bidding.
S.K.Offset Business Overview
S.K.Offset Limited is a Meerut, Uttar Pradesh-based integrated printing and packaging solutions provider. The company originally started with offset printing and has expanded into labelling, promotional printing and packaging solutions.
Its products and services include books, textbooks, brochures, catalogues, labels, stickers, barcodes, mono cartons, rigid boxes, master cartons and customised packaging. The company serves sectors including publishing, FMCG, pharmaceuticals, food and beverages and cosmetics.
The company operates four manufacturing facilities in Meerut with an aggregate covered area of approximately 38,313 square feet.
S.K.Offset IPO Financial Performance
S.K.Offset recorded strong growth in revenue and profitability during FY2026. Total income increased from ₹48.65 crore in FY2025 to ₹67.00 crore in FY2026, while PAT rose from ₹1.54 crore to ₹7.48 crore.
| Financial Year | Revenue | PAT |
|---|---|---|
| FY2024 | ₹21.53 Cr | ₹0.72 Cr |
| FY2025 | ₹48.20 Cr | ₹1.54 Cr |
| FY2026 | ₹66.67 Cr | ₹7.48 Cr |
FY2026 EBITDA was approximately ₹14.50 crore and EBIT was ₹12.46 crore. The company reported net worth of about ₹19.78 crore and borrowings of approximately ₹34.58 crore.
S.K.Offset Financial Highlights
The sharp increase in FY2026 profit came alongside strong revenue growth. The company reported FY2026 EPS of approximately ₹13.80 based on its financial statements.
| Financial Indicator | FY2026 |
|---|---|
| EBITDA | ₹14.50 Cr |
| EBIT | ₹12.46 Cr |
| PAT | ₹7.48 Cr |
| EPS | ₹13.80 |
| Net Worth | ₹19.78 Cr |
| Borrowings | ₹34.58 Cr |
| Total Assets | ₹81.76 Cr |
The company's borrowings and working-capital requirements remain important financial factors alongside its recent profit growth.
S.K.Offset IPO Objects of the Issue
The IPO proceeds are primarily intended to support incremental working-capital requirements. A portion is also proposed for purchasing plant and machinery at the company's Meerut facility, with the remaining funds allocated to general corporate purposes.
| IPO Objective | Amount / Purpose |
|---|---|
| Plant & Machinery | ₹2.11 Cr |
| Working Capital | ₹18.65 Cr |
| General Corporate Purpose | Balance amount |
The significant working-capital allocation reflects the funding requirements of the company's printing and packaging operations.
S.K.Offset Printing and Packaging Operations
The company provides an integrated range of services covering design, pre-press, printing, finishing, packaging and dispatch. Its expansion into packaging has added products such as folding cartons, mono cartons, customised boxes and other printed packaging formats.
Its labelling business includes stickers, product labels and barcode-related printing, while offset printing caters to books, brochures, catalogues, stationery and other commercial printing requirements.
S.K.Offset IPO Key Risks
Customer concentration is an important factor for S.K.Offset. Available company information indicates that its top 10 customers contributed around 86.14% of FY2026 revenue. The company also primarily receives orders rather than relying on long-term customer contracts.
Supplier concentration is another consideration, with the top 10 suppliers accounting for approximately 65.59% of purchases in FY2026. Raw-material prices for paper, paperboard, inks, adhesives and films can also affect costs and margins.
The company is geographically concentrated in Uttar Pradesh, where its manufacturing facilities are located. Working-capital requirements, borrowings, competition in printing and packaging and execution of planned machinery investments are additional factors to monitor.
S.K.Offset IPO Important Dates
S.K.Offset IPO opened on September 23 and will close on September 25, 2026. The basis of allotment is scheduled for September 28, refunds and demat credit are expected on September 29, and the shares are scheduled to list on BSE SME on September 30.
| IPO Event | Date |
|---|---|
| IPO Opening | Sep 23, 2026 |
| IPO Closing | Sep 25, 2026 |
| Allotment | Sep 28, 2026 |
| Refund | Sep 29, 2026 |
| Demat Credit | Sep 29, 2026 |
| Listing | Sep 30, 2026 |
S.K.Offset IPO Latest News Summary
S.K.Offset IPO has opened today with a price band of ₹119–₹125 and an issue size of ₹29.06 crore. The IPO is entirely a fresh issue and will list on BSE SME.
The latest available GMP is ₹0, while subscription activity is just beginning on the opening day. The company reported FY2026 revenue of ₹66.67 crore and PAT of ₹7.48 crore, compared with ₹48.20 crore revenue and ₹1.54 crore PAT in FY2025.
The key updates to watch during the IPO period will be category-wise subscription demand and any movement in the unofficial GMP before the issue closes on September 25.
Disclaimer: IPO GMP is an unofficial and unregulated market indicator and can change at any time. Subscription figures may change throughout the bidding period and can vary depending on the reporting time. This article is for informational purposes only and should not be considered investment advice.
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