S.K.Offset Ltd.
SK_OFFSETSME
Ask Iris
Overview
S. K. Offset Limited is a Meerut, Uttar Pradesh-based printing and packaging solutions provider focused on offset printing and value-added print applications. The company operates an integrated setup with in-house pre-press, printing and post-press/finishing capabilities and supplies products such as books and educational printing, brochures and leaflets, packaging cartons/mono cartons and master cartons, and labels/stickers including roll-form and in-mold labels; it also trades in printing and packaging materials (e.g., paper, paperboard, inks and foils).
Opening Date
Sep 23, 2026
Closing Date
Sep 25, 2026
Listing Date
Sep 30, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
29.06 Cr
Fresh Issue
29.06 Cr
Offer for Sale
0 Cr
Price Band
₹119 - ₹125
Lot Size
1000
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
9.06
EPS
13.8
ROE
37.82%
ROCE
22.91%
RONW
37.82%
Debt to Equity Ratio
1.75
PAT Margin
11.22%
EBITDA Margin
21.27%
P/B
3.42
Bull vs Bear
Bull case
- •
Packaging is now a big revenue contributor, so the business isn’t tied only to books; that can reduce dependence on one demand cycle.
- •
High capacity utilisation in printing and packaging suggests the assets aren’t sitting idle, which matters because good utilisation helps spread fixed costs.
- •
Planned hot-foiling capacity jump targets premium finishes, which can lift value per job if customers keep choosing higher-end packaging.
Bear case
- •
Top 10 customers contribute 86.14% of revenue, and there are no long-term contracts, so one large client change can quickly hit sales and cash flow.
- •
Top 10 suppliers provide 65.59% of purchases and there are no long-term agreements, so supply issues can delay deliveries or raise costs.
- •
Raw material consumed is 61.10% of revenue, so input price spikes can squeeze margins if customers resist price increases.
Net takeaway
For a long-term view, the story is about moving from mainly printing toward a more packaging-led, value-added mix, supported by strong utilisation and planned finishing upgrades. That can help earnings quality if premium packaging demand stays steady. But the business is exposed because revenue is concentrated in a few customers and inputs come from a few suppliers, mostly on purchase orders. The key thing to monitor is customer concentration over time.
Subscription Rate
Subscription data will be available once the IPO opens.
