S.K.Offset IPO

The S.K.Offset SME IPO opens for subscription on 23 Sept 2026 and closes on 25 Sept 2026, offered at a price band of ₹119–125 per share, and is set to list on BSE. In total, the issue aims to mobilise ₹29.06 crore. Retail investors bid in lots of 1000 shares, a minimum application of ₹2,50,000.

Issue structure

The IPO is structured entirely as a fresh issue of ₹27.56 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding incremental working capital requirements of the company (₹18.66 crore), alongside issue expenses (₹4.3 crore). In all, 4 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, S.K.Offset reported revenue of ₹67 crore and a net profit of ₹7.48 crore. Revenue grew from ₹23.31 crore in FY2024 to ₹67 crore in FY2026 (+187.0%). Net worth stood at ₹19.78 crore at the end of FY2026. At the upper band, that puts the issue at roughly 9.1× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 12.94× post-issue earnings and 3.42× book value, against a return on net worth of 37.82% and a debt-to-equity ratio of 1.75. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are <p>Pradeep Agarwal, Priyanshu Agarwal, Ayush Agarwal</p>. Promoter holding stands at 100% before the issue and comes down to 69.97% after listing.

Grey market premium (GMP)

In the unofficial grey market, S.K.Offset shares are quoted at a premium of ₹0 implying an expected listing around ₹125, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The S.K.Offset IPO was subscribed 1.18 times overall. The strongest demand came from qualified institutional buyers (QIB) at 2.61 times, with non-institutional investors (NII) at 0.8× and retail investors at 0.78×.

Listing performance

S.K.Offset listed on 30 Sept 2026 at ₹126, a premium of +0.8% over the issue price of ₹125.

What to weigh

When evaluating the S.K.Offset IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About S.K.Offset

S. K. Offset Limited, incorporated in February 2007, is engaged in the printing and packaging industry . The company initially started with offset printing and has gradually expanded its operations into packaging, labelling and promotional printing solutions . Its packaging activities include the design and printing of cartons, boxes and other packaging materials used for product storage, transportation, display and branding. The company also undertakes label and promotional printing , including stickers, labels and barcodes for product identification and packaging requirements. In addition, S. K. Offset Limited is involved in the trading, import and export of printing and packaging materials , including paper, paperboard, foils and printing inks. Through these activities, the company caters to various requirements across the printing and packaging value chain.