S.K.Offset Shares List at 0.80% Premium at ₹126 on BSE SME

S.K.Offset shares made their stock market debut on September 30, 2026, listing at ₹126 per share on BSE SME, compared with the IPO issue price of ₹125 per share. The listing represented a 0.80% premium over the issue price.

The listing followed the company's IPO, which was open for subscription from September 23 to September 25, 2026. The ₹29.06 crore book-built issue had a price band of ₹119 to ₹125 per share and comprised an entirely fresh issue of equity shares.

The IPO was subscribed 1.18 times overall based on the listing update provided. The QIB portion was subscribed 2.61 times, the NII portion 0.80 times, and the Individual Investors portion 0.78 times.

S.K.Offset provides integrated printing, packaging and labelling solutions. Its portfolio includes books and other commercial printing products, mono cartons, master cartons, customised boxes, stickers, product labels, barcodes and promotional materials.

S.K.Offset IPO Listing Details

S.K.Offset IPO was a ₹29.06 crore book-built SME issue, comprising an entirely fresh issue of 23.25 lakh equity shares. There was no offer-for-sale component.

The IPO opened for subscription on September 23, 2026, and closed on September 25, 2026. The price band was fixed at ₹119 to ₹125 per share, with the issue price at the upper end of the band at ₹125.

The issue received an overall subscription of 1.18 times. Among the main investor categories, the QIB portion recorded the highest subscription at 2.61 times, followed by NII at 0.80 times and Individual Investors at 0.78 times.

S.K.Offset shares subsequently listed on BSE SME on September 30, 2026, at ₹126 per share, representing a premium of ₹1 or 0.80% over the ₹125 issue price.

- Issue Price: ₹125 per share
- BSE SME Listing Price: ₹126 per share
- Listing Premium: 0.80%
- Overall Subscription: 1.18 times
- Fresh Issue: ₹29.06 crore
- Offer for Sale: Nil
- Price Band: ₹119 to ₹125 per share
- IPO Open Date: September 23, 2026
- IPO Close Date: September 25, 2026
- Listing Date: September 30, 2026
- Exchange: BSE SME

First-Day Trading Performance

Listing Price: S.K.Offset share price debuted at ₹126 per share on BSE SME, compared with the IPO issue price of ₹125. This translated into a listing premium of 0.80%.

Subscription context: The IPO was open between September 23 and September 25, 2026. It received 1.18 times overall subscription, with QIBs subscribing 2.61 times, NIIs 0.80 times and Individual Investors 0.78 times.

Growth Drivers and Challenges

Growth Drivers

Integrated Product Portfolio: S.K.Offset provides printing, packaging and labelling solutions, enabling it to cater to different requirements across its product categories.

Packaging Portfolio: The company's packaging products include mono cartons, master cartons, boxes and other customised packaging products.

Printing and Labelling Operations: Its services cover books, textbooks, brochures, catalogues, stationery and other commercial printing requirements, while its labelling portfolio includes stickers, product labels, barcodes and promotional materials.

Trading Operations: Alongside manufacturing and printing activities, S.K.Offset is involved in the trading, importing and exporting of printing and packaging materials such as paper, paperboard, foils and inks.

Financial Performance: The company reported revenue of ₹67.00 crore and profit after tax of ₹7.48 crore in FY2026, compared with revenue of ₹48.65 crore and PAT of ₹1.54 crore in FY2025.

Challenges

Working Capital Requirements: A substantial portion of the IPO proceeds has been earmarked for incremental working capital requirements, reflecting the working-capital needs of the business.

Raw Material Exposure: The company's printing and packaging operations use materials including paper, paperboard, foils and inks, making the availability and cost of these inputs relevant to its operations.

Capital Expenditure Execution: Part of the IPO proceeds will fund the purchase of plant and machinery at the company's Meerut facility, making timely execution and utilisation of the planned expenditure important.

Competitive Market: Printing, packaging and labelling operate across competitive markets where pricing, quality, delivery capabilities and customer requirements can affect business performance.

Business Expansion: The company has expanded from offset printing into packaging and labelling, requiring it to manage a broader range of products, equipment and operating requirements.

Utilisation of IPO Proceeds

The ₹29.06 crore S.K.Offset IPO was entirely a fresh issue, with no offer-for-sale component. The proceeds from the fresh issue, after issue-related expenses, are intended to be deployed towards the company's stated business requirements.

The principal uses of the IPO proceeds are:
- ₹2.11 crore towards capital expenditure for the purchase of plant and machinery at Meerut
- ₹18.66 crore towards incremental working capital requirements
- General corporate purposes

Promoter and promoter-group shareholding stood at 100% before the IPO and 69.97% following the issue.

Business and IPO Overview

S.K.Offset was founded in February 2007 and provides printing and packaging solutions. The business initially focused on offset printing before expanding into labelling and packaging.

Its packaging portfolio includes mono cartons, master cartons, boxes and customised packaging products. The company's labelling operations include stickers, product labels, barcodes and promotional materials in different sizes, formats and finishes.

Its printing services cover books, textbooks, brochures, catalogues, stationery, pamphlets, magazines, journals and other commercial printing requirements. S.K.Offset also trades, imports and exports printing and packaging materials such as paper, paperboard, foils and inks.

For FY2026, the company reported revenue of ₹67.00 crore and PAT of ₹7.48 crore, compared with revenue of ₹48.65 crore and PAT of ₹1.54 crore in FY2025.

The IPO was a ₹29.06 crore fresh issue with a price band of ₹119 to ₹125 per share. It opened on September 23 and closed on September 25, 2026, recording an overall subscription of 1.18 times.

S.K.Offset shares listed on BSE SME at ₹126 per share on September 30, 2026, compared with the ₹125 issue price, representing a 0.80% listing premium.