Target Entity: S. K. Offset Limited

Type of Deal: Acquisition of minority stake through market making activities and open market purchases

Stake/Capacity:

  • SMC Global Securities Limited acquired 11,05,000 equity shares (14.27%)
  • Moneywise Financial Services Private Limited (wholly-owned subsidiary and Person Acting in Concert) acquired 9,61,000 equity shares (12.41%)
  • Total combined holding: 20,66,000 equity shares (26.68%)
  • Post-IPO paid-up capital of S. K. Offset Limited: 77,43,320 equity shares of ₹10 each

Deal Value:

  • IPO allotment (29th September, 2026) at ₹125 per share:
  • SMC Global: 1,20,000 shares × ₹125 = ₹1,50,00,000
  • Moneywise (Anchor): 4,20,000 shares × ₹125 = ₹5,25,00,000
  • Moneywise (QIB): 5,41,000 shares × ₹125 = ₹6,76,25,000
  • Open market purchase (30th September, 2026):
  • SMC Global: 9,85,000 shares × ₹125.99 = ₹12,40,99,150
  • Total acquisition cost: ₹25,92,24,150 (approximately ₹25.93 crore)

Funding Source: Cash consideration

Financial Impact: Not disclosed in terms of revenue contribution, EBITDA impact, margin profile, or accretion/dilution

Timeline: Acquisition completed on 29th-30th September, 2026

  • IPO shares credited to demat accounts on 29th September, 2026
  • Open market purchases executed on 30th September, 2026

Strategic Rationale:

  • SMC Global acted as Market Maker in the Initial Public Issue of S. K. Offset Limited
  • Under Market Maker Reservation Portion, 1,20,000 equity shares were reserved for subscription
  • The company agreed to receive or deliver specified securities in the market making process for three years from listing date or as per SEBI ICDR Regulations

Approval Status:

  • No governmental or regulatory approvals required prior to acquisition
  • Disclosure made pursuant to Regulation 30 of SEBI LODR Regulations, 2015
  • Disclosure also required under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as the acquisition exceeded 5% threshold

Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30

Target Company Background:

  • Name: S. K. Offset Limited
  • Date of Incorporation: 2nd February, 2007 (as private limited; converted to public limited on 18th August, 2025)
  • Business: Integrated printing, packaging and labelling solutions including design, pre-press, offset printing, finishing and dispatch. Products include books, textbooks, brochures, catalogues, stationery, cartons, boxes, stickers, product labels and barcodes. Also trades in, imports and exports paper, paperboard, foils and inks.
  • Country of presence: India
  • Financial performance (total income, restated):
  • 2025-26: ₹67.00 crore
  • 2024-25: ₹48.65 crore
  • 2023-24: ₹23.31 crore
  • Listed on BSE SME Platform on 30th September, 2026 through IPO of 23,25,000 equity shares at ₹125 per share

Related Party Transaction: No, the acquisition does not fall within related party transaction