- POSITIVE
Annual Revenue SK Offset Mar-2026 Annual Revenue is Rs 67 Cr which is growth of 37.7% YoY.
- POSITIVE
Annual Net Profit SK Offset Mar-2026 Annual Net Profit is Rs 7 Cr which is growth of 384.4% YoY.

S.K.Offset was incorporated on February 02, 2007. The company provides printing and packaging solutions, including offset printing, labels, mono cartons, master cartons and customised packaging. It also offers design and graphics services and prints books, magazines, journals, brochures and other commercial materials
| Bidding Dates |
|---|
| 23 Sep 2026 - 25 Sep 2026 |
| Subscription |
|---|
| 1.15x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹238,000 | 2 | 2 | 1000 | 2.3 M | ₹119 - ₹125 | 69.97 % | ₹276.7 M - ₹290.6 M | RHP DOC |
S K Offset IPO SUBSCRIPTION STATUS
25 Sep '26S K Offset IPO overall subscription rate was 1.15 times the total available shares
S K Offset IPO retail subscription rate was 0.78 times in the retail segment
S K Offset IPO non-institutional investor subscription rate was 0.8 times in the non-institutional investor category
S K Offset IPO Qualified Institutional Bidder subscription rate was 2.61 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Sep 2026 (Day 3) | 0.78x | 0.8x | 2.61x |
24 Sep 2026 (Day 2) | 0.24x | 0.54x | 0.5x |
23 Sep 2026 (Day 1) | 0.02x | 0x | 0.5x |
S K Offset FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 66.7 | 7.5 | 3.7 | -4.2 | 21.3% |
| FY25 | 48.2 | 1.5 | -10.8 | -16.9 | 11.7% |
| FY24 | 21.5 | 0.7 | 4.4 | 2.1 | 5.4% |
S K Offset IPO SUBSCRIPTION STATUS DETAILS
S K Offset had 2.3 M shares on offer
S K Offset IPO offer price was in the range ₹119 - ₹125
S K Offset IPO minimum Investment was ₹238000
S K Offset IPO issue size was ₹ 276.7 M - ₹ 290.6 M
S K Offset had a minimum lot size of 1000 Shares per application
S K Offset NUMBER OF SHARES ON OFFER
S K Offset IPO IMPORTANT DATES
| Issue Open Date | 23 Sep 2026 |
| Issue close Date | 25 Sep 2026 |
| Allotment Date | 28 Sep 2026 |
| Refund Date | 29 Sep 2026 |
| Demat Account Credit Date | 29 Sep 2026 |
| Listing Date | 30 Sep 2026 |
| Listing on Exchange(s) | BSE |
| S K Offset Allotment Status | Exchange/ Registrar |
S K Offset IPO subscription opened on 23 Sep 2026, and closed on 25 Sep 2026
IPO allotment for S K Offset was finalized on Monday, 28 Sep 2026
IPO listing for S K Offset was on BSE on Wednesday, 30 Sep 2026
S K Offset IPO LISTING GAINS
| Issue Price (adjusted) | 125.0 |
| Listing Open Price | 126.0 |
| Listing Close Price | 126.3 |
| Listing Gain% | 0.8% |
| Current Gain% | -8.8% |
S K Offset Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| S.K. Offset Ltd. | 114 | 88.3 | 11.8 | 0 | 1.3 | 37.8 | 9.1 | 67 | 37.7 | 7.5 | 384.4 | 9.7 | 384.4 |
| Garware Hi-Tech Films Ltd. | 6957.5 | 16163.9 | 41.7 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 231 | 7412.7 | 19.1 | -10.3 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | -1.8 |
| AGI Greenpac Ltd. | 726 | 4697.4 | 13 | 3.2 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 608.4 | 4393.7 | 6.4 | 0.1 | 0.3 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 94.5 | 128.3 |
| TCPL Packaging Ltd. | 4184.9 | 3808.3 | 33 | -2.4 | 2 | 13.6 | 5.7 | 1835.6 | 2.9 | 97.8 | -31.6 | 126.9 | -13.6 |
S K Offset annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 67 | 48.7 | 23.3 | ||
Operating Exp. Ann. | 52.5 | 42.6 | 20.4 | |
Operating Profit Ann. | 14.2 | 5.6 | 1.2 | |
OPM Ann. % | 21.16% | 11.54% | 4.98% | |
| 57.1 | 46.5 | 22.3 | ||
EBITDA Ann. | 14.5 | 6.1 | 2.9 | |
EBITDA Ann. margin % | 21.65% | 12.46% | 12.61% | |
Interest Ann. | 2.6 | 2.1 | 0.9 | |
Depr. | 2.1 | 1.8 | 1 | |
PBT Ann. | 9.9 | 2.2 | 1 | |
Tax Ann. | 2.4 | 0.6 | 0.3 | |
| 7.5 | 1.5 | 0.7 | ||
Net Profit Ann. | 7.5 | 1.5 | 0.7 | |
NPM Ann. % | 11.21% | 3.20% | 3.34% | |
EPS Adj. latest Ann. | 9.7 | 2 | 0.9 |
S K Offset INFORMATION ON IPO ISSUE
About S K Offset
S.K.Offset was incorporated on February 02, 2007. The company provides printing and packaging solutions, including offset printing, labels, mono cartons, master cartons and customised packaging. It also offers design and graphics services and prints books, magazines, journals, brochures and other commercial materials
Object of the Issue
- To fund the capital expenditure towards purchase of plant and machinery
- Funding incremental working capital requirements of the company
- General corporate purposes
S K Offset - PROMOTERS
| Name |
|---|
| Pradeep Agarwal |
| Priyanshu Agarwal |
| Ayush Agarwal |
S K Offset - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pradeep Agarwal | Chairman & Managing Director |
| Priyanshu Agarwal | Whole-time Director |
| Ayush Agarwal | Whole-time Director |
| Anuradha Singh | Independent Director |
| Tanishq Gakhar | Independent Director |
| Bhanu Pratap Singh | Independent Director |
S K Offset Book Running Lead Manager
Comfort Securities Limited
merchantbanking@comfortsecurities.co.in
S K Offset Registrar to the issue
Maashitla Securities Pvt. Limited
investor.ipo@maashitla.com
S K Offset Strengths
In-house operations
The company manages most activities in-house, including design, printing, finishing, packaging and delivery. This reduces dependence on third parties and improves control over quality, production schedules and customer requirements
Industry diversification
The company serves multiple industries, including publishing, FMCG, pharmaceuticals and packaging. This diversified customer base reduces dependence on any single industry and supports business stability during sector-specific demand fluctuations
Quality standards
The company follows ISO-certified systems and quality checks across different stages of production. These processes help maintain print quality, consistency and accuracy while reducing production errors
S K Offset Risks
Supplier dependence
The company depends on a limited number of suppliers for key raw materials such as paper, inks, adhesives and films. Any supply disruption, price increase or quality issue could affect production, customer deliveries and profitability
Revenue concentration
The company generates a significant portion of its revenue from Uttar Pradesh. Any slowdown in demand, regulatory changes or other adverse developments in the state could affect revenue and financial performance
Facility concentration
The company’s manufacturing facilities are located only in Uttar Pradesh. Any natural disaster, labour disruption, infrastructure issue or regulatory change in the state could disrupt production, delay orders and increase operating costs
IPO FAQs
The promoters of the company are Pradeep Agarwal, Priyanshu Agarwal and Ayush Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 119.0 - 125.0.
The IPO application opens on Sep 23, 2026 and closes on Sep 25, 2026.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 238,000.0, the maximum value for this IPO is Rs 250,000.0.
This IPO will be allotted on Sep 28, 2026.
The refund will be credited to your account on Sep 29, 2026.
The allotted shares will be credited to your demat on Sep 29, 2026.
S.K.Offset Ltd.’s shares listed on the stock exchanges on Sep 30, 2026.
