S. K. Offset Limited, a Meerut-based integrated printing, packaging and labelling company, opened a Rs 29.06 crore SME IPO on the BSE SME platform on September 23, 2026. The issue comprises 23,25,000 equity shares priced in a band of Rs 119 to Rs 125 per share, with the offer closing on September 25.
Founded in 2007, S. K. Offset runs four manufacturing facilities and serves clients across the FMCG, pharmaceutical and consumer goods sectors with integrated offset printing, packaging and labelling solutions. The company’s anchor book was fully subscribed ahead of the public opening, with 5,40,000 shares allocated to anchor investors at the top end of the price band, Rs 125 per share.
Why Is SK Offset Raising Capital Through an IPO?
Of the Rs 29.06 crore being raised, the company plans to direct Rs 211 lakh toward new plant and machinery and Rs 1,865.92 lakh toward working capital, with the remainder earmarked for general corporate purposes. The minimum lot size is 1,000 shares, requiring investors to bid for at least two lots to participate. Chairman Pradeep Agarwal said the company remains focused on strengthening its position as an integrated printing and packaging solutions provider, underlining the capital-intensive nature of scaling offset printing and labelling capacity for FMCG and pharmaceutical clients.
The company’s financials show meaningful growth heading into the listing: revenue rose from Rs 4,820.34 lakh in FY25 to Rs 6,667.29 lakh in FY26, while profit jumped from Rs 154.41 lakh to Rs 747.96 lakh over the same period, a nearly five-fold increase that likely supported investor appetite in the anchor round.
What Does This Mean for India’s Packaging and Printing Sector?
SK Offset’s listing adds to a wave of SME IPOs from India’s packaging, printing and labelling supply chain in 2026, reflecting steady demand from FMCG and pharmaceutical brand owners for integrated print-and-pack solutions. Working capital constraints are a persistent challenge for mid-sized packaging and printing firms serving large consumer goods clients, given the need to hold raw material inventory and manage extended payment cycles, so the sizeable working-capital allocation from this issue points to a common capacity bottleneck across the sector.
Market Reaction and Industry Response
The fully subscribed anchor book at the top of the price band suggests institutional investors saw value in SK Offset’s near five-fold profit growth between FY25 and FY26. With the issue open through September 25, retail and non-institutional investor demand will determine overall subscription levels before listing. As a BSE SME-platform stock, trading liquidity is typically thinner than main-board listings, meaning subscription and listing-day price movement will be watched closely by investors tracking the packaging and printing sub-sector.
What Happens Next?
The IPO closes on September 25, 2026, after which allotment finalisation and listing will follow the standard BSE SME timeline. SK Offset will then need to execute on its stated capital expenditure and working capital plans to support the FMCG and pharmaceutical packaging demand that has driven its recent revenue and profit growth. Investors will be watching whether the company can sustain its FY26 profit trajectory once the new plant and machinery investments are operational.
Frequently Asked Questions
What does SK Offset Limited manufacture?
SK Offset provides integrated offset printing, packaging and labelling solutions from four manufacturing facilities in Meerut, serving clients in the FMCG, pharmaceutical and consumer goods sectors.
What is the price band for the SK Offset IPO?
The IPO is priced between Rs 119 and Rs 125 per share, with a minimum lot size of 1,000 shares, and the issue runs from September 23 to September 25, 2026 on the BSE SME platform.
How will SK Offset use its IPO proceeds?
The company plans to allocate Rs 211 lakh to plant and machinery, Rs 1,865.92 lakh to working capital, with the remaining funds going toward general corporate purposes.
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