S. K. Offset IPO
S. K. Offset LtdSME
This IPO closed on 25 Sep 2026.
- Open date
- 23 Sep 2026
- Close date
- 25 Sep 2026
- Min. Investment
- ₹2,50,000
- Lot Size
- -
- Fresh Issue
- ₹29.06 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers2.61x
- Non-Institutional Investors0.80x
- Retail-Individual Investors0.78x
- Total1.15x
Schedule
- Completed: IPO open date23 Sep 2026
- Completed: IPO close date25 Sep 2026
- Current step: Allotment date28 Sep 2026
- Upcoming: Funds unblock or debit29 Sep 2026
- Upcoming: Tentative listing date30 Sep 2026
About
Promoter shareholding in S. K. Offset Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Pradeep Agarwal | 29,00,818 | 53.54% | 29,00,818 | 37.46% |
| Priyanshu Agarwal | 11,46,765 | 21.16% | 11,46,765 | 14.81% |
| Ayush Agarwal | 10,58,181 | 19.53% | 10,58,181 | 13.67% |
| Nikita Agarwal | 67,360 | 1.24% | 67,360 | 0.87% |
| Neelam Agarwal | 1,67,520 | 3.09% | 1,67,520 | 2.16% |
| Pallavi Agarwal | 75,676 | 1.40% | 75,676 | 0.98% |
| Sudha Singhal | 1,000 | 0.02% | 1,000 | 0.01% |
| Navya Agarwal | 1,000 | 0.02% | 1,000 | 0.01% |
S. K. Offset IPO Strengths & Risks
- Experienced Promoters and Management Team.
- Diverse Product Portfolio and customer base.
- Relationship legacy with client and Suppliers.
- Risks Relating to the Business: Substantial portion of the company's revenue has been dependent upon few customers with which the company does not have any firm commitments. The loss of any such customers or reduction in business or demand from such customers will have a significant adverse impact on its business and results of operation.
- Risks Relating to the Business: The Company is significantly dependent on a limited number of suppliers for the procurement of raw materials. Any disruption, delay, or termination of business relationships with one or more of these key suppliers could adversely affect the company's ability to maintain inventory levels, fulfill customer demand, and operates efficiently.
- Risks Relating to the Business: Any disruptions to the supply, or increases in the pricing, of the raw materials and finished products that the company procure, may adversely affect the supply and pricing of its products and, in turn, adversely affect the company's business, cash flows, financial condition and results of operations.
- Risks Relating to the Business: The company generates its major portion of revenue from the company operations from one state of the country. Any adverse developments affecting its operations in this state could have an adverse impact on the company's revenue and results of operations.
- Risks Relating to the Business: The company's business is exposed to risks associated with international trade, foreign exchange fluctuations and cross border operations.
- Risks Relating to the Business: The company's manufacturing facilities are located only in the state of Uttar Pradesh. Any adverse developments affecting its operations in Uttar Pradesh could have an adverse impact on the company's revenue and results of operations.
- Risks Relating to the Business: Under-utilization of the company's manufacturing capacities may have an adverse effect on its business, future prospects and future financial performance. Moreover, information relating to capacity utilization of the company's production facility included in this Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off and future production and capacity utilization may vary.
- Risks Relating to the Business: The company's inability to collect receivables from its customers, or any default in payment by them, could adversely affect the company profitability, cash flows, and financial condition.
- Risks Relating to the Business: The company's Registered Office, manufacturing units, godowns and warehouses from where its operates are not owned by the company.
- Risks Relating to the Business: The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment/ machineries. Any delays or cost escalations in the proposed purchase of plant and machinery for the Company could affect the implementation schedule and deployment of the Net Proceeds.
- Risks Relating to the Business: The Company has had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact on the company's growth and Business.
- Risks Relating to the Business: In case of the company's inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business it may have a material adverse effect on the company's business.
- Risks Relating to the Business: Common pursuits exist between S.K. Offset Limited and Arun Packers and Printers i.e. Sole-proprietorship concerns of Promoter Group member, Mithlesh Gupta.
- Risks Relating to the Business: The company's Restated Financial Information is prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.
- Risks Relating to the Business: The Company failures to maintain the quality standards of the products or keep pace with the technological developments could adversely impact its business, results of operations and financial condition.
- Risks Relating to the Business: Any Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
- Risks Relating to the Business: There are certain discrepancies/errors/delay filings/untraceable forms & challans noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
- Risks Relating to the Business: Any inaccurate inventory management in the company's printing, packaging and labeling business may adversely impact its goodwill, business operations, financial condition, and results of operations.
- Risks Relating to the Business: The Company is reliant on the demand of the Offset Printing, Packaging & Labeling industry for a significant portion of its revenue. Any downturn in the industry or an inability to increase or effectively manage its sales could have an adverse impact on the Company's business and results of operations.
- Risks Relating to the Business: The company's business is working capital intensive. If its experience insufficient cash flows to meet required payments on the company's working capital requirements, there may be an adverse effect on the results of its operations.
- Risks Relating to the Business: The orders placed by customers may be delayed, modified or cancelled, which may have an adverse effect on the company's Business, financial condition and results of operations.
- Risks Relating to the Business: The Company has entered into related party transactions in the past and may continue to enters into related party transactions in the future, which may potentially involve conflicts of interest with the Equity Shareholders.
- Risks Relating to the Business: Any failures to protect or enforce the company's rights to own or uses its brand name/logo/trademark could have an adverse effect on the company's business and competitive position.
- Risks Relating to the Business: The company is dependent on third-party transportation and logistics service providers, and any disruption in logistics operations or increase in freight costs could adversely affect its business.
- Risks Relating to the Business: The company's business functions primarily on a purchase order basis and does not have contracts /agreements with its customers, which may affect the predictability of the company's revenue.
- Risks Relating to the Business: Any defect, contamination, or non-conformity in the company's packaging products used for pharmaceutical applications could result in reputational loss and potential regulatory action.
- Risks Relating to the Business: The company's business may be exposed to product liability risks, which could negatively affect its financial performance, goodwill, reputation, and the marketability of the company's products.
- Risks Relating to the Business: The company faces intense competition from domestic and international players with larger resources and advanced technological capabilities, which may adversely affect its market share, pricing, and growth prospects.
- Risks Relating to the Business: Any increase in interest rates might have an adverse effect on its results of operations and may expose the Company to interest rate risks.
- Risks Relating to the Business: The company's loan agreements with lenders have several restrictive covenants and certain unconditional rights in favour of the lenders, which could influence its ability to expand, in turn affecting the company's Business and results of operations.
- Risks Relating to the Business: Unsecured loans taken by the Company can be recalled by the lenders at any time.
- Risks Relating to the Business: The company has not received No Objection Certificates ("NOCs") from certain lenders in respect of its existing borrowings.
- Risks Relating to the Business: The company has taken guarantees from its Directors in relation to debt facilities provided to the company.
- Risks Relating to the Business: The company may not be fully insured for all losses its may incur.
- Risks Relating to the Business: Failures or disruption of the company IT, automation systems may adversely affect its Business, financial condition and results of operations.
- Risks Relating to the Business: The company's ability to pay dividends will depends upon future earnings, financial condition, cash flow, working capital requirements, capital expenditures and other factors.
- Risks Relating to the Business: The company's success largely depends upon the knowledge and experience of its Promoters, Directors, the company's Key Managerial Personnel and Senior Management Personnel as well as its ability to attract and retain personnel with technical expertise. Any loss of the company's Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect the company's Business, financial condition and results of operations.
- Risks Relating to the Business: All the Directors (except Tanishq Gakhar) of the Company does not have prior experience of directorship in any of the companies listed on recognized stock exchanges, therefore, they will be able to provide only a limited guidance in relation to the affairs of the Company post listing.
- Risks Relating to the Business: The risk of pricing pressure from customers could negatively impact the company's ability to maintain profit margins and raise prices, potentially resulting in lower revenue, reduced profits, and cash flow challenges.
- Risks Relating to the Business: The company cannot guarantee the accuracy or completeness of the facts and other statistics with respect to disclosures made in the section titled "Industry Overview" in this Red Herring Prospectus.
- Risks Relating to the Business: The company's inability to effectively manage its growth or to successfully implement the company's Business plan and growth strategies could have an adverse effect on its Business, results of operations and financial condition. The success of the company's Business will depends greatly on its ability to effectively implement the company's Business and growth strategies.
- Risks Relating to the Business: The company's marketing and advertising campaigns may not be successful in increasing the popularity of its product and services. If the company's marketing initiatives are not effective, this may adversely affect its business and results of operations.
- Risks Relating to the Business: Failures to adapt to evolving industry standards and shifting consumer trends could negatively impact the company's business, operational results, and financial condition.
- Risks Relating to the Business: The company's business is exposed to risks arising from technological obsolescence and its inability to upgrade printing & packaging technologies in a timely and cost-effective manner.
- Risks Relating to the Business: The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- Risks Relating to the Business: Within the parameters as mentioned in the section titled "Objects of this Issue" beginning on page 95 of this Red Herring Prospectus, the Company's management will have flexibility in applying the proceeds of the Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
- Risks Relating to the Business: The company's business is dependent on the growth and performance of various industries such as education, FMCG, food and pharmaceutical industries, any slowdown or adverse developments in these industries may adversely affect the company's business, financial condition, and results of operations.
- Risks Relating to the Business: The company's business operations are highly dependent on the efficient functioning of its manufacturing machinery, and any breakdown, malfunction or technical failures may adversely affect the company's production and profitability.
- Risks Relating to the Business: The company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to Shareholders for approval.
- Risks Relating to the Business: Employee misconduct, such as misuse of confidential information or failures to maintain data confidentiality, could cause significant harm to the company's business. Such actions are often difficult to detect and prevent, and may result in reputational damage, legal exposure, or financial loss.
- Risks Relating to the Business: If the company is unable to establish and maintain an effective internal controls and compliance system, its Business and reputation could be adversely affected.
- Risks Relating to the Business: The company's Directors, Key Managerial Personnel and Senior Management, may have interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.
- Risks Relating to the Business: The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
- Risks Relating to the Business: The company may have Issued Equity Shares during the last one year at a price below the Issue Price.
- Risks Relating to the Business: Some of the details mentioned in the respective KYC Documents of the company's Promoters, Directors, KMPs, SMPs and some persons forming part of Promoter group are not same in all KYC documents.
- Risks Relating to the Business: The company is subject to environmental, health, safety and labour laws and regulations, and any non-compliance or changes in such laws could adversely affect its business.
