Skytech Infinite Platform
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 1.06×
- Big non-institutionalbNII · above ₹10 lakh
- 0.57×
- Small non-institutionalsNII · ₹2–10 lakh
- 1.08×
- Retail individualRII · up to ₹2 lakh
- 3.12×
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 12 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 21 Aug 2026 | ₹1 | +1.30% | ₹1,200 | ₹78 | ₹1,600 |
| 20 Aug 2026 | ₹1 | +1.30% | ₹1,200 | ₹78 | ₹1,600 |
| 19 Aug 2026 | ₹1 | +1.30% | ₹1,200 | ₹78 | ₹1,600 |
| 18 Aug 2026 | ₹1 | +1.30% | ₹1,200 | ₹78 | ₹1,600 |
| 17 Aug 2026 | ₹1 | +1.30% | ₹1,200 | ₹78 | ₹1,600 |
| 16 Aug 2026 | ₹7 | +9.09% | ₹8,500 | ₹84 | ₹11,200 |
| 15 Aug 2026 | ₹10 | +12.99% | ₹12,200 | ₹87 | ₹16,000 |
| 14 Aug 2026 | ₹10 | +12.99% | ₹12,200 | ₹87 | ₹16,000 |
| 13 Aug 2026 | ₹13 | +16.88% | ₹15,800 | ₹90 | ₹20,800 |
| 12 Aug 2026 | ₹0 | 0.00% | ₹0 | ₹77 | ₹0 |
| 11 Aug 2026 | ₹0 | 0.00% | ₹0 | ₹77 | ₹0 |
| 10 Aug 2026 | ₹0 | — | — | — | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 14 Aug 2026 – 18 Aug 2026
- Listing date
- 21 Aug 2026
- Face value
- ₹10 per share
- Price band
- ₹73 – ₹77
- Lot size
- 1,600 shares
- Sale type
- Fresh capital
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹22.68 Cr
- Fresh issue
- ₹21.54 Cr 27,96,800 shares
- Offer for sale
- ₹0 Cr 0 shares
- Promoter holding
- 100.00% → 70.01% pre-issue → post-issue
- ISIN
- INE0VFE01017
- CIN
- U51506KA2009PLC049970
- Registrar
- Integrated Registry Management Services Pvt.Ltd.
- Lead managers
- Finshore Management Services Ltd.
- Registered office
- No. 229/3, Oil Mill Compound, Oil Mill Road Saitpalya, Lingarajapuram, Bangalore, Karnataka, India, 560084
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 28,800 | 1.03% | 0.98% |
| Anchor investor · within QIB | 0 | — | 0.00% |
| NII (HNI) | 13,72,800 | 49.08% | 46.61% |
| bNII > ₹10L · within NII | 9,15,200 | — | 31.07% |
| sNII < ₹10L · within NII | 4,57,600 | — | 15.54% |
| Retail (RII) | 13,95,200 | 49.89% | 47.37% |
| Employee | 0 | — | 0.00% |
| Market maker | 1,48,800 | — | 5.05% |
| Total issue | 29,45,600 | — | 100.00% |
Net offer to the public of 27,96,800 shares, out of a total issue of 29,45,600. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 1,600 shares per lot, in multiples, at ₹77
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,23,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,46,400 |
| S-HNI (max) | 8 | 12,800 | ₹9,85,600 |
| B-HNI (min) | 9 | 14,400 | ₹11,08,800 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹77 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.12 | 4.28 |
| P/E (×) | 12.58 | 17.99 |
Key performance indicators
Latest reported period, standalone
- Return on net worth
- 25.07%
- ROCE
- 26.00%
- Debt / equity
- 0.36
- PAT margin
- 8.23%
- EBITDA margin
- 13.57%
- NAV per share
- ₹21.55
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Standalone ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 52.14 | 45.21 | 44.15 |
| Revenue from operations | 51.65 | 45.14 | 44.13 |
| Other income | 0.5 | 0.07 | 0.02 |
| Total expenses | 45 | 39.01 | 41.04 |
| Operating profit | 7.14 | 6.2 | 3.11 |
| Operating margin | 13.69% | 13.71% | 7.04% |
| Profit before tax | 5.86 | 5.08 | 2.04 |
| Profit after tax | 4.2 | 3.71 | 1.35 |
| PAT margin | 8.06% | 8.21% | 3.06% |
| Balance sheet | |||
| Total assets | 47.57 | 30.05 | 26 |
| Current assets | 40.08 | 22.65 | 18.29 |
| Current liabilities | 24.34 | 12.01 | 10.8 |
| Total liabilities | 28.55 | 15.23 | 14.9 |
| Net worth | 19.02 | 14.81 | 11.1 |
| Current ratio | 1.65× | 1.89× | 1.69× |
| Return on equity | 22.08% | 25.05% | 12.16% |
| Cash flow | |||
| Operating cash flow | -1.66 | 0.81 | 3.02 |
| Investing cash flow | -0.07 | -0.43 | 0.07 |
| Financing cash flow | 3.18 | 0.82 | -2.48 |
| Net cash flow | 1.46 | 1.19 | 0.62 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 Working Capital Requirements ₹16.81 Cr
The company proposes to utilize funds for working capital requirements in the ordinary course of business, primarily for procuring raw materials, maintaining work in progress and finished goods inventory, advances to suppliers, and managing sundry debtors where funds get blocked.
2 General Corporate Purposes —
The company intends to deploy funds for strategic initiatives, partnerships, joint ventures and acquisitions, brand building and promotional activities, research & development expenses, meeting exigencies and contingencies, and other purposes as approved by the Board.
3 Issue Related Expenses —
The company will utilize funds to meet issue expenses including management fees, underwriting fees, selling commission, registrar fees, legal advisor fees, printing and distribution expenses, advertisement expenses, depository charges and listing fees.
2 of 3 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Skytech Infinite Platform
Skytech Infinite Platform Limited (formerly Skytech Infinite Platform Private Limited) was incorporated on May 28, 2009, and converted to a public limited company on July 9, 2024. Operating from a 10,000 sq. ft. in-house manufacturing facility in Bangalore, the company provides comprehensive turnkey automation solutions, encompassing design, engineering, supply, installation & commissioning, and maintenance of various types of control panels from conceptualization to completion. The company manufactures automation control panels with a focus on integrating Programmable Logic Controllers (PLCs), drive systems, switchgear, and sensors to streamline industrial automation processes. Skytech operates with a 15+ year track record, serving a diverse range of industrial sectors including Power, Water, Energy, Machine Tools, Infrastructure, Motor Management, Food & Beverages, HVAC, Chemicals & Pharmaceuticals, Automotive, and Process Industries. The company generates revenue through EPC (Engineering, Procurement, Construction) contracts (84.84% of FY25 turnover of ₹4,514.01 lakhs), product supply, and Annual Maintenance Contracts (AMCs). It maintains strategic authorizations with Mitsubishi Electric India Private Limited, Endress + Hauser (India) Private Limited, Exor India Pvt Ltd, and Euroteck Environmental (P) Limited. For FY25, revenue grew 2.4% YoY with PAT of ₹371.41 lakhs (174.95% growth YoY), and the company deployed 78 employees as of August 31, 2025. As of March 31, 2025, total net worth was ₹1,481.46 lakhs with RONW of 25.07%. The company has been primarily focused on domestic expansion with 99.39% of FY25 revenues from India, concentrated in Karnataka (63.13% of turnover) while also serving Tamil Nadu, Delhi, and other states.
Management
Paramashivam Deiveekan
MD
Suma Deiveekan
CEO
Ramaprasad Bellur Kumar
Director
Venumuddala Vivek Reddy
Director
Strengths
As stated in the offer document
Diversified Automation Solution Portfolio
The company offers a comprehensive range of automation solutions including PCC, MCC, VFD, and PLC panels to integrated turnkey automation services, enabling it to cater to various sectors including manufacturing, utilities, infrastructure, and process industries with efficiency and precision.
End-to-End Quality and Reliability in Turnkey Automation Solutions
The company stands out for its holistic approach to turnkey automation, offering comprehensive solutions that span design, engineering, supply, installation, commissioning, and maintenance of control panels with ISO 9001:2015 certification reinforcing its commitment to maintaining global standards.
Experienced Leadership and Technically Skilled Management Team
The company is driven by seasoned promoters and professional management with deep-rooted expertise in industrial automation sector, backed by extensive industry knowledge and technically sound workforce comprising qualified engineers and support staff.
Proven Track Record with Legacy of Trust
With a legacy spanning over 15 years, the company has successfully delivered turnkey automation solutions to a wide spectrum of industries, earning a reputation for dependability and technical excellence with many clients working for years.
Strategic Authorizations and Channel Partnerships
The company holds multiple valid authorizations as trusted system integrator, distributor, and solution provider for recognized automation and instrumentation product lines including partnerships with Mitsubishi Electric India, Endress + Hauser India, Exor India, and Euroteck Environmental.
Expanding Market Reach Through Customer-Centric Strategies
The company consistently works to strengthen market presence by expanding customer base through targeted marketing efforts, with ability to tailor solutions to meet specific requirements of different industries and deep understanding of customer needs.
Strategic Location Advantage Enhancing Client Experience
The company's assembling and testing facility is strategically located in the heart of the city, offering clients easy access to transportation, quality accommodation, and urban conveniences during Factory Acceptance Tests (FAT) ranging from 2 to 20 days.
Risk factors
As stated in the offer document
Dependence on Existing Customers and Limited Number of Key Customers
A significant portion of revenue is derived from a limited number of key customers, with the top ten customers contributing 47.23% of revenue in FY2026. Loss of key customers, reduced orders, delayed payments or pricing pressure could materially affect revenue and profitability.
High Working Capital Requirements and Liquidity Risk
Significant working capital is required, with trade receivables of ₹2,771.24 lakhs and inventories of ₹866.31 lakhs as of March 31, 2026. Delayed collections or inefficient inventory management could create liquidity pressure, increase borrowing costs and adversely affect profitability
Negative Operating Cash Flows
Negative operating cash flow of ₹165.61 lakhs was reported in FY2026, primarily due to higher inventories and trade receivables. Sustained negative cash flows could impair the ability to fund operations and execute growth plans.
Dependence on Certain Suppliers
The top ten suppliers accounted for 43.79% of total purchases in FY2026, without long-term supply contracts. Supply disruptions, unfavorable pricing or shortages could delay project execution and adversely affect costs, cash flows and profitability.
Dependence on a Single Manufacturing Unit
Manufacturing operations are concentrated at a single facility in Bengaluru, exposing the company to equipment failures, utility disruptions, labour issues, natural disasters and other localized events. A prolonged shutdown could materially affect earnings, operations and financial condition.
Geographical Concentration of Sales and Raw Material Procurement
Karnataka contributed 75.39% of sales in FY2026, while Karnataka, Maharashtra and Haryana together represented 84.56% of purchases. Regional economic, regulatory, transportation or other disruptions could materially affect revenue and supply continuity.
Intense Competition and Pricing Pressure
The company operates in a highly competitive industry against domestic and international players with potentially greater financial, technological and distribution resources. Increased competition could result in pricing pressure, reduced market share, slower growth and lower profitability.
Company Analysis
from DRHPSkytech Infinite Platform Limited is an ISO-certified automation solutions provider specializing in design, engineering, supply, installation, commissioning, and maintenance of industrial control panels including PCC, MCC, APFC, PLC, VFD, Control Desk, FLP, and PDB panels serving power, water, manufacturing, utilities, and process industries across India and select international markets.
Skytech Infinite Platform Limited (formerly Skytech Infinite Platform Private Limited) was incorporated on May 28, 2009, and converted to a public limited company on July 9, 2024. Operating from a 10,000 sq. ft. in-house manufacturing facility in Bangalore, the company provides comprehensive turnkey automation solutions, encompassing design, engineering, supply, installation & commissioning, and maintenance of various types of control panels from conceptualization to completion. The company manufactures automation control panels with a focus on integrating Programmable Logic Controllers (PLCs), drive systems, switchgear, and sensors to streamline industrial automation processes. Skytech operates with a 15+ year track record, serving a diverse range of industrial sectors including Power, Water, Energy, Machine Tools, Infrastructure, Motor Management, Food & Beverages, HVAC, Chemicals & Pharmaceuticals, Automotive, and Process Industries. The company generates revenue through EPC (Engineering, Procurement, Construction) contracts (84.84% of FY25 turnover of ₹4,514.01 lakhs), product supply, and Annual Maintenance Contracts (AMCs). It maintains strategic authorizations with Mitsubishi Electric India Private Limited, Endress + Hauser (India) Private Limited, Exor India Pvt Ltd, and Euroteck Environmental (P) Limited. For FY25, revenue grew 2.4% YoY with PAT of ₹371.41 lakhs (174.95% growth YoY), and the company deployed 78 employees as of August 31, 2025. As of March 31, 2025, total net worth was ₹1,481.46 lakhs with RONW of 25.07%. The company has been primarily focused on domestic expansion with 99.39% of FY25 revenues from India, concentrated in Karnataka (63.13% of turnover) while also serving Tamil Nadu, Delhi, and other states.
Objects of the Issue
- Working Capital Requirement ₹1,495.98 lakhs p.77
- Issue Related Expenses p.77
- General Corporate Purposes p.82
Issue Structure
- Total Issue
- Up to 29,46,000 Equity Shares of ₹10/- each aggregating to ₹[●] Lakhs
- Fresh Issue
- Up to 29,46,000 Equity Shares
- Offer for Sale
- Nil
- Price Band
- ₹[●] to ₹[●] per Equity Share (specific prices to be determined and updated in Red Herring Prospectus)
- Lot Size
- [●] Equity Shares (minimum application size details to be specified in offer document)
- Face Value
- ₹10/- per Equity Share
Business Model
Skytech generates revenue through three primary channels: (1) EPC (Engineering, Procurement, Construction) Contracts—accounting for 84.84% of FY25 revenue (₹3,829.51 lakhs)—where the company designs, engineers, supplies, installs, and commissions custom automation control panels and systems for industrial clients; (2) Supply of Products—0.10% of FY25 revenue (₹452.61 lakhs)—involving direct sale of automation control panels and components; (3) Services including Annual Maintenance Contracts (AMCs) and other support—0.05% of FY25 revenue (₹231.89 lakhs)—providing recurring long-term maintenance, troubleshooting, and system upkeep for installed systems. The company also derives value from strategic partnerships as an authorized channel partner, distributor, and system integrator for leading automation and instrumentation product lines. The business model is project-driven with cyclical revenue patterns dependent on client project cycles, geographic markets, and industry demand. Working capital is financed through internal accruals and short-term borrowings, with the company targeting incremental working capital expansion through the IPO proceeds.
Business Segments
SWOT Analysis
- • Engineering expertise and long-standing track record in automation control panels(p.106)
- • Diversified product portfolio serving multiple industrial sectors(p.106)
- • ISO certification and quality assurance credentials(p.106)
- • Established customer relationships and repeat business model(p.118)
- • Multi-OEM integration expertise(p.119)
- • Authorized partnerships with leading OEMs(p.119)
- • High dependency on customer credit periods and payment timeliness(p.33)
- • Significant reliance on a limited number of key customers(p.32)
- • Dependency on specific suppliers for materials and components(p.32)
- • Concentration of sales in single state geography(p.35)
- • Single facility operational location with associated concentration risk(p.35)
- • Tenant status with no owned manufacturing facilities(p.27)
- • Growing demand for automation solutions in India's expanding manufacturing sector(p.104)
- • Government initiatives promoting manufacturing and automation under Make in India program(p.105)
- • Expansion into untapped geographies and new customer segments(p.119)
- • Growing adoption of PLCs, drives, and automation in emerging sectors(p.100)
- • Increasing focus on renewable energy and sustainable industrial solutions(p.119)
- • Competition from larger EPC contractors and system integrators(p.34)
- • Fluctuations in raw material prices and supply chain volatility(p.32)
- • Customer payment delays and potential bad debt exposure(p.33)
- • Rapid technological changes making existing systems obsolete(p.33)
- • Dependence on skilled labor availability and retention(p.36)
- • Economic slowdown impacting industrial capex spending(p.46)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Suma Deiveekan | Promoter | 60.00% | — |
| Paramashivam Deiveekan | Promoter | 40.00% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.