S K Offset IPO Analysis & Review

Quick Answers

What is the S K Offset IPO GMP today? The S K Offset IPO GMP is ₹0 as of 23/9/2026, 5:07:49 am. The IPO price band is ₹119 - ₹125. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does S K Offset IPO open? The S K Offset IPO opens on 2026-09-23 and closes on 2026-09-25.

What is the S K Offset IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The S K Offset IPO scored 59/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the price band for the S K Offset IPO?

The price band is set at ₹119 to ₹125 per share.

What is the lot size and minimum investment amount for the IPO?

The lot size is 1,000 shares, resulting in a minimum investment of ₹2,38,000 (at the lower end of the price band).

What are the main products and services offered by S K Offset?

The company provides offset printing of books, textbooks, magazines, journals, brochures, catalogues, stationery, pamphlets, business forms, and other commercial print materials, along with labelling and promotional printing services such as stickers, labels, barcodes, and product identification materials. It also offers packaging products like mono cartons, master cartons, boxes, folding cartons, and customised packaging formats, plus digital design services for packaging artwork and print‑ready files.

What are the key risks highlighted in the prospectus for S K Offset?

Key risks include high customer concentration (top 10 customers contributed 86.14% of FY26 revenue), geographic concentration with about 69% of revenue from Uttar Pradesh and all plants located there, high raw material cost intensity (61.10% of revenue in FY26), negative operating cash flow in FY25 due to rising trade receivables, and substantial debt of ₹34.58 crore including a repayable‑on‑demand overdraft.

How has the company's financial performance trended over the last three years?

Revenue increased from ₹28.85 crore in FY24 to ₹55.77 crore in FY25 and ₹81.76 crore in FY26. Profit after tax rose from ₹0.72 crore in FY24 to ₹1.54 crore in FY25 and ₹7.48 crore in FY26, reflecting strong top‑line and bottom‑line growth.

What is the tentative listing date for the S K Offset IPO?

The tentative listing date is 30 September 2026.

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Home›India›S K Offset ()
S K Offset Logo

S K OffsetNSE SME / BSE SME:

Analyzed by ViewIPO Financial Research Team
Printing and PackagingIndiaFiled 2026-09-23Listing 2026-09-30Size ₹29.05Cr
Lot Size 1000
Live GMP
(0%)
Check Allotment
Status Link

Is S K Offset IPO Good? Quick Verdict

S K Offset IPO scored 59/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 80/100, while Competition is the primary concern at 35/100. S. K. Offset Ltd shows strong revenue and profit growth but faces significant customer and geographic concentration risks, along with working capital pressures.

IPO Score
59/100
High Risk

Quick Verdict

Consistent revenue growth from ₹28.85 crore in FY24 to ₹81.76 crore in FY26, reflecting a CAGR of ~68%.
In-house integrated operations covering design, pre-press, printing, finishing, packaging, and delivery reduce reliance on third-party vendors.
Diversified customer base across publishing, FMCG, pharmaceuticals, and packaging sectors.
High customer concentration: top 10 customers accounted for 86.14% of revenue in FY26.
Geographic concentration: ~69% of revenue derived from Uttar Pradesh, with all manufacturing facilities located in the state.
Negative operating cash flow of ₹10.80 crore in FY25 due to rising trade receivables.

Company Snapshot

Revenue (TTM)
₹81.76Cr↑ 46.6% YoY
Profitability
PositiveNet Income ₹7.48Cr
Gross Margin
50.19% 
Market Cap
—Pending Data
IPO Size
₹29.05Cr 
Industry
Printing and Packaging 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
60
Moderate
Financial
80
Excellent
Valuation
50
Expensive
Competition
35
High Risk
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

S. K. Offset Limited is engaged in printing and packaging solutions, offering offset printing of books, textbooks, magazines, journals, brochures, catalogues, stationery, pamphlets, business forms, and other commercial print materials, as well as labelling and promotional printing services. The company operates mainly from four facilities in Meerut, Uttar Pradesh, with an aggregate covered area of approximately 38,313 square feet, and has expanded into in‑house packaging solutions and trading of printing and packaging materials. Over FY24‑FY26, revenue rose from ₹28.85 crore to ₹81.76 crore and profit after tax increased from ₹0.72 crore to ₹7.48 crore, reflecting a CAGR of about 68%. However, the business is exposed to high customer concentration (top 10 customers contributed 86.14% of FY26 revenue), significant geographic reliance on Uttar Pradesh (~69% of revenue), and negative operating cash flow in FY25 due to rising trade receivables.

Overall Verdict: S. K. Offset Ltd shows strong revenue and profit growth but faces significant customer and geographic concentration risks, along with working capital pressures.

Key Highlights

  • •Revenue grew from ₹28.85 crore in FY24 to ₹81.76 crore in FY26 (CAGR ≈68%).
  • •Profit after tax increased from ₹0.72 crore in FY24 to ₹7.48 crore in FY26.
  • •Integrated in‑house value chain from design to delivery reduces vendor dependence.
  • •Operations span printing, packaging, labelling, and design services across multiple industries.
  • •Four manufacturing facilities in Meerut, Uttar Pradesh, with total covered area of ~38,313 sq ft.
  • •Expanded into in‑house packaging solutions and trading of printing and packaging materials.

Financial Performance

Revenue (Annual)

↑ +46.6% YoY

INR in Crores

Net Income (Annual)

↑ +385.7% YoY

INR in Crores

Gross Margin (Annual)

↑ +10.8% Delta

In Percentage

Cash Flow vs Profit

↑ +100.0% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

IPO Timeline

IPO Opens2026-09-23
IPO Closes2026-09-25
Basis of Allotment2026-09-28
Refunds & Demat2026-09-27
Listing Date2026-09-30

Valuation Analysis

IPO Price₹119 - ₹125
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
58
Governance
60
Profitability
80
Valuation
50
Competition
35
Execution
60

Pros vs Cons

Pros

  • Strong revenue and profit growth (Revenue CAGR ~68%, PAT increased from ₹0.72 crore to ₹7.48 crore).
  • Integrated in-house value chain from design to delivery reduces vendor dependence.
  • Diversified end‑user industries (publishing, FMCG, pharma, packaging).
  • Expansion into in‑house packaging solutions broadens product offering.
  • Multiple manufacturing facilities in Meerut, UP with sizable covered area.

Cons

  • High reliance on top 10 customers (86.14% of FY26 revenue).
  • Significant geographic concentration with ~69% of revenue from Uttar Pradesh and all plants located there.
  • Elevated raw material cost intensity (61.10% of revenue in FY26) and susceptibility to price increases.
  • Negative operating cash flow in FY25 (₹‑10.80 crore) driven by rising trade receivables.
  • Substantial debt burden (₹34.58 crore borrowings) including a repayable‑on‑demand overdraft.

Financial Health

Revenue Growth
Revenue grew from ₹28.85 crore in FY24 to ₹81.76 crore in FY26, representing a CAGR of approximately 68%. (Excellent)
Debt Level
Total outstanding borrowings stood at ₹34.58 crore as of March 31,2026. (Good)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
Undisclosed
Strategic Partners
Undisclosed

S K Offset IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

S K Offset IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about S K Offset

What is the expected listing price of S K Offset?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for S K Offset on our Live GMP Tracker.