All IPOs

Skytech Infinite Platform

SME · NSE closed
Lists in 2 days · 21 Aug 2026
₹1
GMP* · 19 Aug, 06:20 pm
Price Band
₹73 – ₹77
Issue Size
₹22.68 Cr
1 lot at upper band
₹1,23,200
Lot Size
1,600
Open
14 Aug 2026
Close
18 Aug 2026
Allotment
—
Listing
21 Aug 2026

Scheduled dates

  1. Open
    14 Aug 2026
  2. Close
    18 Aug 2026
  3. Refund
    20 Aug 2026
  4. Demat credit
    20 Aug 2026
  5. Listing
    21 Aug 2026

GMP Trend*

Daily grey market premium (₹). Unofficial.

Latest GMP: ₹1 10 sessions

Subscription (times)

Latest per-category subscription · as of 18 Aug, 05:12 pm IST.

QIB 1.06x
NII 0.72x
BHNI 0.42x
SHNI 1.31x
RII 3.36x
Total 2.04x

About Skytech Infinite Platform

Skytech Infinite Platform Limited specializes in providing comprehensive turnkey automation solutions, encompassing Design, Engineering, Supply, Installation & Commissioning (I&C), and Maintenance of various types of Control Panels. The company is engaged in manufacturing Automation Control Panels, integrating PLCs, drive systems, switchgear, and sensors to streamline industrial automation processes. The company serves multiple industrial sectors including Power, Water, Energy, Machine Tools, Infrastructure, Motor Management, Food & Beverages, HVAC, Chemicals & Pharmaceuticals, Automotive, and Process Industries with over 15 years of operating history.

www.skytechinfinite.com ↗

Strengths

  • 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

  • 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.

Objects of the Issue

  • Working Capital Requirements
    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.
    16.81 crores
  • 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.
  • 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.

Financial Snapshot

Annual values as reported in the offer document.

Year endRevenueRev. growthProfitProfit growthAssetsEquityOperating cash flow
31/03/202652.14+15.3%4.20+13.2%47.5719.02-1.66
31/03/202545.21+2.4%3.71+174.8%30.0514.810.81
31/03/202444.15—1.35—26.0011.103.02
Units: crores

Issue Details

Face Value
₹10
P/E
19.20
ROCE
26.00%
Shares / Lot
1,600
Minimum Bid
3,200 shares
Refund
20 Aug 2026
Credit to Demat
20 Aug 2026
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
RHP ↗DRHP ↗

Management

Paramashivam DeiveekanMD
Suma DeiveekanCEO
Ramaprasad Bellur KumarDirector
Venumuddala Vivek ReddyDirector

* Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers. It is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price.