S.K.Offset IPO - Company Analysis
S.K.Offset IPO under the SME IPO category is a book build issue of Rs. 29.06 Cr by S.K.Offset Limited, which is in offering packaging and printing solutions that are integrated.The business began with offset printing and has since progressively moved into packaging and labeling. Books, textbooks, brochures, catalogs, stationery, pamphlets, periodicals, journals, and other commercial printing needs are among its printing services. Additionally, the company engages in design, graphics, lithography, and publication-related tasks.
Products offered by the company are divided into three categories: printing, packaging, and labeling. While its labeling business deals with stickers, product labels, barcodes, and promotional materials in various sizes, formats, and finishes, its packaging portfolio comprises mono cartons, master cartons, boxes, and other customized packaging items. Additionally, the company offers digital design services for print-ready files, layout preparation, color formatting, and packaging artwork.
S.K.Offset IPO Details
The S.K.Offset IPO date of opening is 23 Sep 2026; its initial public offering will end on 25 Sep, IPO allotment on Sep 28 and refund initiation on Sep 29, 2026.
The Rs. 29.06 crore new SME IPO comprises a wholly fresh issue of 23.25 lakh shares.
The S.K.Offset IPO listing date (expected) might be Wednesday, Sep 30, 2026, and the listing on the BSE and SME.
The S.K.Offset IPO price band is Rs. 119 to Rs. 125.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Sep 23, 2026 |
|
IPO Closing Date |
Sep 25, 2026 |
|
IPO Allotment Date |
Sep 28, 2026 |
|
Refund Initiation |
Sep 29, 2026 |
|
IPO Listing Date |
Sep 30, 2026 |
Click to open a demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
81.76 |
55.77 |
28.85 |
|
Total Income |
67 |
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 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
366.29 |
-1,079.67 |
440.32 |
|
Net Cash Flow Investing Activities |
-807.07 |
-626.18 |
-673.41 |
|
Net Cash Flow Financing Activities |
474.05 |
1,675.23 |
265.12 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
To fund the Capital expenditure towards the purchase of Plant and Machinery at Meerut. ~ Rs. 2.11 Cr.
-
Funding incremental working capital requirements of the Company. ~ Rs. 18.66 Cr.
-
General Corporate Purposes.
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
37.82% |
|
ROCE |
22.91% |
|
Debt/Equity |
1.75 |
|
RoNW |
37.82% |
|
PAT Margin |
11.22% |
|
EBITDA Margin |
21.27% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 13.99 from the last year, the resulting P/E ratio is 8.93x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
13.80 |
9.66 |
|
P/E (x) |
9.06 |
12.94 |
Explore the Quanto Agroworld IPO.
IPO's Strengths
-
Diversified product offerings.
-
Commitment to quality standards.
-
Presence across multiple industries.
-
Established client and supplier relationships.
IPO's Weaknesses
-
High leverage levels in recent years, reflected in elevated debt–equity ratios, which may increase sensitivity to interest rate movements and working capital cycles.
-
Capital-intensive business model, requiring continuous investment in machinery, technology upgrades, and capacity expansion to remain competitive.
-
Exposure to cyclical demand patterns, particularly from FMCG, education, and discretionary consumer segments, which may impact order flows during economic slowdowns.
S.K.Offset IPO GMP (Grey Market Premium)
S.K.Offset IPO GMP today has not started yet as of 14 September 2026, while writing this information.
S.K.Offset IPO Summary
|
IPO Opening & Closing Date |
23 Sep, 2026 to 25 Sep, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 119 to Rs. 125 per Share. |
|
Lot Size |
1000 Shares |
|
Issue Size |
23,25,000 Shares (Rs. 29 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
22,05,000 Shares (Rs. 28 Cr) |
|
Market Makers |
1,20,000 Shares (Rs. 2 Cr) |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Maashitla Securities Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,50,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3000 Shares) for Rs. 3,75,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
S.K.Offset IPO Allotment Status
To check the S.K.Offset IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of S.K.Offset Ltd.
-
Pradeep Agarwal
-
Priyanshu Agarwal
-
Ayush Agarwal
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
69.97% |
IPO Lead Managers
- Comfort Securities Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
S.K.Offset IPO highlights the company’s growth potential in the printing, packaging, and labeling industry, backed by improving financial performance and diversified product offerings. However, investors should consider risks related to high debt levels, capital-intensive operations, and demand fluctuations.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
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DISCLAIMER: This blog is NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and informational purposes only. Always consult your eligible financial advisor for investment-related decisions.
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