SME
IPO ·
BSE SME
S.K.Offset Ltd
Listed
Meerut printing, packaging and labelling company that also trades paper, board, foils and inks.
Issue details
Price band
₹119 – ₹125
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,50,000
Issue size
₹29.06 Cr
Fresh issue
₹29.06 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
23 Sep 2026
Closes
25 Sep 2026
UPI mandate cut-off
5:00 PM on 25 Sep 2026
Allotment
28 Sep 2026
Refunds
29 Sep 2026
Shares in demat
29 Sep 2026
Listing
30 Sep 2026
Subscription and listing
Subscription
1.17x
Listing price
₹126
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Comfort Securities Ltd
Subscription by category
Total
1.17x
Total applications
403
Anchor investors
Amount raised
₹6.75 Cr
Bid date
22 Sep 2026
50% lock-in ends
29 Oct 2026
Rest lock-in ends
28 Dec 2026
Listing day
Issue price
₹125
Open
₹126.00
High
₹129.00
Low
₹126.00
Day close
₹126.35
Listing gain at open
+0.80%
Issue structure
Shares reserved per category and share of the total issue
QIB
9,00,000
38.71%
Anchor Investor
5,40,000
23.23%
QIB (Ex. Anchor)
3,60,000
15.48%
NII
3,33,000
14.32%
bNII > ₹10L
2,22,000
9.55%
sNII < ₹10L
1,11,000
4.77%
Retail
9,72,000
41.81%
Market Maker
1,20,000
5.16%
Total
23,25,000
100.00%
Finaccle’s quick read
Avoid
Income up 38% but PAT up 384% in FY26 from a ₹1.54 Cr base, with debt/equity of 1.75. Post-issue P/E of 12.94 is modest, but leverage and the sudden profit jump are red flags.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
S.K.Offset is a Meerut, Uttar Pradesh based printing company that has grown from offset printing into packaging and labelling. It makes mono and master cartons, boxes, stickers, product labels and barcodes for clients across several industries, and also offers design services and trades in paper, board, foils and inks. It employs about 111 people and reported total income of ₹67 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
37.82%
ROCE
22.91%
Debt / equity
1.75
PAT margin
11.22%
P/E post issue
12.94
Market cap
₹96.79 Cr
Use of IPO money
Plant and machinery at Meerut
₹2.11 Cr
Incremental working capital
₹18.66 Cr
General corporate purposes
₹3.99 Cr
Issue expenses
₹4.30 Cr
Strengths
✓
Integrated printing, packaging and labelling under one roof
✓
Client base spread across multiple industries
✓
In-house production setup
✓
Experienced promoter family running the business
Risks to watch
!
Debt/equity of 1.75 is high for a small company
!
PAT jumped about 384% in FY26 from a ₹1.54 Cr base
!
Borrowings of ₹34.58 Cr exceed net worth of ₹19.78 Cr
!
Most issue proceeds go to working capital, signalling cash-hungry operations
!
Small revenue base and thin SME liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.