SK Offset IPO
SK Offset IPO Details
-
Open Date
23 Sep 2026
-
Close Date
25 Sep 2026
- IPO Price Range
₹ 119 to ₹125
- IPO Size
₹ 29.06 Cr
SK Offset IPO Timeline
Last Updated: 22 September 2026 5:42 AM by 5paisa
S.K. Offset Limited is an integrated printing and packaging solutions company based in Meerut, Uttar Pradesh. The Company began with offset printing and has subsequently expanded into labelling, promotional printing and in-house packaging solutions. Its product portfolio includes books, pamphlets, mono cartons, master cartons, rigid boxes, labels, stickers, barcodes and other commercial printing products. It also undertakes designing, graphics, lithography and publication-related activities and trades in printing and packaging materials such as paper, paperboard, foils and inks. The Company operates mainly through four facilities in Meerut with an aggregate covered area of approximately 38,313 square feet.
Established in: 2007
Managing Director: Pradeep Agarwal
Peers:
The RHP states that there are presently no listed companies in India whose business is directly comparable with S.K. Offset in terms of operations, product offerings and business model.
SK Offset Objectives
1. Capital expenditure towards the purchase of plant and machinery at the Company’s Meerut facility.
2. Funding incremental working capital requirements.
3. General corporate purposes.
The Company proposes to allocate ₹2.11 crore towards plant and machinery and ₹18.66 crore towards incremental working capital requirements. The amount allocated towards general corporate purposes will be finalised based on the Issue Price and applicable limits.
S.K. Offset IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹29.06 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹29.06 Cr |
S.K. Offset IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 2,38,000 |
| Retail (Max) | 2 | 2,000 | 2,50,000 |
| S-HNI (Min) | 3 | 3,000 | 3,57,000 |
| S-HNI (Max) | 8 | 8,000 | 10,00,000 |
| B-HNI (Min) | 9 | 9,000 | 11,25,000 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 21.53 | 48.20 | 66.67 |
| EBITDA | 1.16 | 5.62 | 14.18 |
| PAT | 0.72 | 1.54 | 7.48 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 28.85 | 55.77 | 81.76 |
| Share Capital | 1.00 | 1.25 | 5.42 |
| Total Liabilities | 28.85 | 55.77 | 81.76 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 4.40 | -10.80 | 3.66 |
| Net Cash Generated From / (used in) Investing Activities | -6.73 | -6.26 | -8.07 |
| Net Cash Generated From / (used in) Financing Activities | 2.65 | 16.75 | 4.74 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.32 | -0.31 | 0.33 |
Strengths
1. Long operating history and domain experience in printing and packaging.
2. Diversified presence across printing, packaging, labelling and publishing products.
3. Technology infrastructure includes multicolour printing presses, automated finishing capabilities and quality-control systems.
4. Customer exposure spans FMCG, pharmaceuticals, food and beverages, education, cosmetics and industrial segments.
5. Multiple quality and compliance certifications support its ability to serve institutional and regulated-industry customers.
Weaknesses
1. The Company has operated with relatively high leverage, which can increase sensitivity to interest rates and working capital cycles.
2. Printing and packaging is capital intensive and requires continued expenditure on machinery, technology and capacity.
3. Demand from sectors such as FMCG, education and discretionary consumer categories can be cyclical.
Opportunities
1. Growth across FMCG, pharmaceuticals, e-commerce and organised retail can support demand for packaging and labelling products.
2. Rising adoption of premium and value-added packaging creates opportunities in customised cartons and branded labelling.
3. Increasing preference for sustainable and compliant packaging can favour certified manufacturers.
4. Greater adoption of short-run, customised and digital printing can broaden value-added product opportunities.
Threats
1. Competition from organised as well as unorganised printing and packaging businesses may put pressure on pricing and margins.
2. Volatility in paper, paperboard, ink, chemical and other raw-material prices can affect costs and profitability.
3. Rapid technological changes require continuing investment to prevent equipment and processes from becoming obsolete.
4. Environmental and regulatory requirements can increase compliance costs and operational complexity.
1. S.K. Offset has expanded from conventional offset printing into an integrated portfolio spanning printing, packaging and labelling.
2. Its in-house operations cover multiple stages including designing, pre-press, printing, finishing and packaging, providing greater control over execution and quality.
3. Revenue, EBITDA and PAT increased between FY24 and FY26, alongside an improvement in EBITDA and PAT margins.
4. IPO proceeds are proposed to support machinery additions and incremental working capital requirements as the Company expands its packaging capabilities.
India’s printing and packaging industry is being supported by rising demand from FMCG, pharmaceuticals, food and beverages, e-commerce and consumer goods. Growth in organised retail and online commerce is also increasing the need for cartons, labels and customised printed packaging. At the same time, the industry is moving towards value-added packaging, greater automation, digital and hybrid printing and more sustainable materials. For organised companies, demand for compliant and premium packaging as well as potential export opportunities can create avenues for expansion. However, raw-material volatility, pricing competition, technological change and regulatory requirements remain important industry challenges.
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FAQs
S.K. Offset IPO opens on September 23, 2026 and closes on September 25, 2026. The anchor investor bidding date is September 22, 2026.
The size of S.K. Offset IPO is approximately ₹29.06 crore at the upper end of the price band. The IPO consists entirely of a fresh issue of up to 23,25,000 equity shares, with no Offer for Sale component.
The price band of S.K. Offset IPO is fixed at ₹119 to ₹125 per equity share.
To apply for S.K. Offset IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section.
2. Enter the number of lots and the price at which you wish to apply for the S.K. Offset IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
4. You will receive a mandate notification to block funds in your UPI app.
The bid lot is 1,000 shares. Individual investors are required to apply for a minimum of two lots, equivalent to 2,000 shares. This represents ₹2,38,000 at the floor price of ₹119 per share and ₹2,50,000 at the cap price of ₹125 per share.
The basis of allotment for S.K. Offset IPO is expected to be finalised on or about September 28, 2026. Refunds or unblocking of funds and credit of shares to demat accounts are scheduled for September 29, 2026.
S.K. Offset IPO is tentatively scheduled to list on the BSE SME platform on September 30, 2026.
Comfort Securities Limited is the Book Running Lead Manager to the S.K. Offset IPO. Maashitla Securities Private Limited is the registrar to the issue.
The Company proposes to use the IPO proceeds for:
1. Capital expenditure towards the purchase of plant and machinery at Meerut.
2. Funding incremental working capital requirements.
3. General corporate purposes.