S. K. Offset opens US$3M IPO to expand packaging, labelling capacity

INDIA – S. K. Offset opened its initial public offering on the BSE SME platform on September 23, aiming to raise up to ₹29.06 crore (US$3.06 million) to fund machinery purchases and working capital for its printing, packaging and labelling operations.

The offering opened on Wednesday, September 23, 2026, and is scheduled to close on Friday, September 25, 2026. 

It comprises a fresh issue of up to 23,25,000 equity shares with a face value of ₹10 (US$0.11) each. 

The price band ranges from ₹119 (US$1.26) to ₹125 (US$1.32) per share, with a lot size of 1,000 equity shares requiring a minimum of two lots to apply. 

The anchor book was fully subscribed, with a total allocation of 5,40,000 equity shares at ₹125 (US$1.32) each, aggregating to ₹675 lakh (US$710,983). 

Moneywise Financial Services received 4,20,000 shares worth ₹525 lakh (US$552,985), representing 77.78 percent, while Strategic Sixth Sense Capital Fund took 1,20,000 shares worth ₹150 lakh (US$157,996), representing 22.22 percent.

Proceeds Target Plant, Machinery and Working Capital

Net proceeds are proposed for the purchase of plant and machinery at ₹211 lakh (US$222,247), incremental working capital requirements of ₹1,865.92 lakh (US$1.97 million) and general corporate purposes. 

Share allocation reserves up to 1,20,000 equity shares for the market maker, 5,40,000 for anchor investors, 3,60,000 for net qualified institutional buyers, no less than 3,33,000 for non-institutional investors and no less than 9,72,000 for individual investors.

Leadership Cited Technology Upgradation and Value-Added Packaging

Pradeep Agarwal, chairman and managing director of S. K. Offset, said the company remained focused on strengthening its position as an integrated printing and packaging solutions provider. 

He added that its strategy centred on technology upgradation, process optimisation, customer diversification and expansion of value-added packaging solutions. 

He noted that proposed investment in machinery and working capital was intended to support packaging capabilities, operational efficiency and continued business expansion.

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