Skytech Infinite Platform IPO was a book-built SME public issue of Skytech Infinite Platform Limited. The company raised approximately ₹22.68 crore through a fresh issue of 29,45,600 equity shares with a face value of ₹10 each. The IPO price band was fixed at ₹73 to ₹77 per share, with the final issue price determined at ₹77 per share. The shares were listed on the NSE SME platform on August 21, 2026.
The IPO opened for subscription on August 14, 2026, and closed on August 18, 2026. The basis of allotment was finalised on August 19, refunds and demat credit were scheduled for August 20, and the shares were listed on August 21, 2026.
Skytech Infinite Platform is an industrial automation solutions company involved in the design, engineering, manufacturing, supply, installation, commissioning and maintenance of automation control panels and integrated control systems. Its solutions combine components such as PLCs, drives, switchgear, sensors and actuators for industrial applications.
The company serves industries including power, water, energy, machine tools, infrastructure, motor management, food and beverages, HVAC, chemicals and pharmaceuticals, automotive and process industries. Its product portfolio includes PCC, MCC, VFD, APFC, PLC and control desk panels.
For FY2026, Skytech Infinite Platform reported revenue from operations of ₹51.65 crore and profit after tax of ₹4.20 crore, compared with ₹45.14 crore revenue and ₹3.71 crore PAT in FY2025.
Skytech Infinite Platform IPO Details
| Information | Details |
|---|---|
| IPO Name | Skytech Infinite Platform IPO |
| Company Name | Skytech Infinite Platform Limited |
| IPO Type | Book Building Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹73 to ₹77 Per Share |
| Final Issue Price | ₹77 Per Share |
| Issue Size | Approx. ₹22.68 Crore |
| Fresh Issue | 29,45,600 Equity Shares |
| Offer for Sale | Nil |
| IPO Open Date | 14 August 2026 |
| IPO Close Date | 18 August 2026 |
| Basis of Allotment | 19 August 2026 |
| Refund Date | 20 August 2026 |
| Demat Credit | 20 August 2026 |
| Listing Date | 21 August 2026 |
| Listing Exchange | NSE SME |
| Lot Size | 1,600 Shares |
| Minimum Retail Application | 2 Lots / 3,200 Shares |
| Minimum Investment | ₹2,46,400 |
| Registrar | Integrated Registry Management Services Private Limited |
| Lead Manager | Finshore Management Services Limited |
| Market Maker | Prabhat Financial Services Limited |
The IPO comprised entirely of a fresh issue. Of the 29,45,600 shares offered, 1,48,800 shares were reserved for the market maker, leaving 27,96,800 shares as the net issue.
Skytech Infinite Platform IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | 14 August 2026 |
| IPO Closing Date | 18 August 2026 |
| Basis of Allotment | 19 August 2026 |
| Refund Initiation | 20 August 2026 |
| Shares Credited to Demat | 20 August 2026 |
| Listing Date | 21 August 2026 |
The IPO followed a five-day calendar window around the bidding, allotment, refund and listing process.
Skytech Infinite Platform IPO Reservation
The IPO reservation included QIBs, NIIs, retail investors and a separate market-maker portion.
| Investor Category | Shares Offered | Approx. Allocation |
|---|---|---|
| QIB – Excluding Anchor | 28,800 | 0.98% |
| Non-Institutional Investors | 13,72,800 | 46.61% |
| Retail Individual Investors | 13,95,200 | 47.37% |
| Market Maker | 1,48,800 | 5.05% |
| Total | 29,45,600 | 100% |
The net issue after the market-maker reservation comprised 27,96,800 shares.
Skytech Infinite Platform IPO Lot Size
The market lot was 1,600 shares. Retail investors were required to apply for a minimum of two lots, representing 3,200 shares. At the upper price band of ₹77, the minimum retail application amount was ₹2,46,400.
| Application | Lots | Shares | Amount at ₹77 |
|---|---|---|---|
| Retail Minimum | 2 Lots | 3,200 Shares | ₹2,46,400 |
| Retail Maximum | 2 Lots | 3,200 Shares | ₹2,46,400 |
| S-HNI Minimum | 3 Lots | 4,800 Shares | ₹3,69,600 |
| S-HNI Maximum | 8 Lots | 12,800 Shares | ₹9,85,600 |
| B-HNI Minimum | 9 Lots | 14,400 Shares | ₹11,08,800 |
About Skytech Infinite Platform Limited
Skytech Infinite Platform Limited provides turnkey industrial automation solutions. The company’s activities cover the complete project cycle, including design, engineering, manufacturing, supply, installation and commissioning, and maintenance of automation control panels and related systems.
The company manufactures automation control panels that integrate PLCs, drive systems, switchgear, sensors and other components. These systems are designed to help industrial equipment operate efficiently and enable monitoring and control of industrial processes.
Its product range includes PCC panels, APFC panels, MCC panels, VFD panels, PLC panels and control desk panels.
The company operates from a manufacturing facility in Bengaluru and had 85 employees, including directors, as of June 30, 2026.
Skytech Infinite also has experience in customised automation solutions and has developed its Techno Modular Design panels. The company serves customers across several industrial sectors and has a presence extending beyond India.
Business Operations
Skytech Infinite Platform’s business is built around industrial automation and electrical control systems.
- Automation Control Panels: Manufacturing of panels used for industrial automation.
- PCC Panels: Power control centre panels for electrical distribution and control.
- MCC Panels: Motor control centre panels for motor management applications.
- VFD Panels: Variable frequency drive panels for motor speed and control applications.
- PLC Panels: Programmable logic controller panels for automated industrial processes.
- APFC Panels: Automatic power factor correction panels.
- Control Desk Panels: Control and monitoring systems for industrial applications.
- Engineering Services: Design and engineering of automation solutions.
- Installation and Commissioning: Installation and commissioning of automation systems at customer sites.
- Maintenance Services: Maintenance and support for installed systems.
- Turnkey Solutions: Integrated automation solutions covering multiple stages from design to commissioning.
Industry Overview
Industrial automation plays an important role in improving productivity, process control, operational efficiency and monitoring across manufacturing and infrastructure industries.
Industries such as power, water treatment, automotive, chemicals, pharmaceuticals, food processing, HVAC and infrastructure require electrical control and automation systems for managing equipment and processes.
The growing adoption of automation, digital control systems and industrial monitoring can create opportunities for companies providing customised automation solutions.
However, the sector is competitive and project-based. Companies need to maintain engineering capabilities, manage procurement costs, meet customer specifications and complete projects within agreed timelines.
Automation businesses can also face risks from changing technology, component availability, project execution, customer payment cycles and dependence on industrial capital expenditure.
Business Strategy
Skytech Infinite Platform’s strategy is focused on providing integrated automation solutions and expanding its ability to execute industrial projects.
The company provides solutions covering design, engineering, manufacturing, installation, commissioning and maintenance. This end-to-end approach enables it to participate in different stages of an automation project.
The company also focuses on customised panel designs, including its Techno Modular Design approach. Such modular systems can provide flexibility in panel configuration and expansion.
The company intends to use a substantial portion of the IPO proceeds to strengthen its working capital position. Working capital is important for project-based industrial businesses because funds may be required for procurement, employee costs, project execution and receivables.
The company stated that the proposed IPO would strengthen its working capital position and support its ability to execute larger project requirements and expand its presence across target markets.
Skytech Infinite Platform IPO Financial Information
Skytech Infinite Platform has reported growth in revenue and profitability during the last three financial years.
Revenue from operations increased from ₹44.13 crore in FY2024 to ₹45.14 crore in FY2025 and ₹51.65 crore in FY2026.
Profit after tax increased from ₹1.35 crore in FY2024 to ₹3.71 crore in FY2025 and ₹4.20 crore in FY2026.
EBITDA increased from ₹3.11 crore in FY2024 to ₹6.19 crore in FY2025 and ₹7.14 crore in FY2026.
Skytech Infinite Platform Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹44.13 Crore | ₹45.14 Crore | ₹51.65 Crore |
| Other Income | ₹0.02 Crore | ₹0.07 Crore | ₹0.50 Crore |
| Total Income | ₹44.15 Crore | ₹45.21 Crore | ₹52.14 Crore |
| EBITDA | ₹3.11 Crore | ₹6.19 Crore | ₹7.14 Crore |
| Profit Before Tax | ₹2.04 Crore | ₹5.08 Crore | ₹5.86 Crore |
| Profit After Tax | ₹1.35 Crore | ₹3.71 Crore | ₹4.20 Crore |
| Total Assets | ₹26.00 Crore | ₹30.05 Crore | ₹47.57 Crore |
| Net Worth | ₹11.10 Crore | ₹14.81 Crore | ₹19.02 Crore |
| Total Borrowings | ₹3.90 Crore | ₹5.39 Crore | ₹9.25 Crore |
The company’s revenue and profit increased over the three-year period, while its asset base and borrowings also expanded.
Skytech Infinite Platform IPO Key Performance Indicators
| KPI | FY2026 |
|---|---|
| Revenue from Operations | ₹51.65 Crore |
| EBITDA | ₹7.14 Crore |
| PAT | ₹4.20 Crore |
| EPS | ₹6.12 |
| NAV | ₹27.66 |
| ROCE | 25.45% |
| EBITDA Margin | 12.87% |
| Debt-to-Equity | 0.49x |
| PAT Margin | 8.14% |
| RoNW | 22.11% |
The FY2026 figures show a ROCE of 25.45%, EBITDA margin of 12.87%, PAT margin of 8.14% and debt-to-equity ratio of 0.49x.
Skytech Infinite Platform IPO Valuation
The price band was fixed at ₹73 to ₹77 per share, with the final issue price at ₹77.
Based on FY2026 EPS of ₹6.12, the P/E at the upper price band was approximately 12.58x on a pre-issue EPS basis. However, valuation calculations can vary depending on the post-issue share count and the EPS methodology used in the offer documents.
| Particular | Details |
|---|---|
| Price Band | ₹73 – ₹77 |
| Final Issue Price | ₹77 |
| Face Value | ₹10 |
| FY2026 EPS | ₹6.12 |
| FY2026 NAV | ₹27.66 |
| ROCE | 25.45% |
| RoNW | 22.11% |
| Debt-to-Equity | 0.49x |
| EBITDA Margin | 12.87% |
Investors should evaluate the issue price together with the company’s earnings growth, order execution, geographical concentration, debt position and competitive environment.
Objects of the Skytech Infinite Platform IPO
The company proposed to use the IPO proceeds primarily for working capital requirements, with the balance toward general corporate purposes and issue-related expenses.
| Purpose | Amount |
|---|---|
| Working Capital Requirements | ₹16.81 Crore |
| General Corporate Purposes | Balance amount |
| Total Fresh Issue | ₹22.68 Crore |
The working-capital allocation represents the largest identified use of the fresh issue proceeds.
Skytech Infinite Platform IPO GMP
Grey Market Premium is an unofficial market indicator and is not regulated by stock exchanges. It should not be considered a guaranteed listing price or investment return.
Skytech Infinite Platform IPO GMP was reported at ₹13 on August 14 and subsequently declined. It was reported at ₹7 on August 17 and around ₹2 on August 18 and thereafter.
| Date | GMP |
|---|---|
| 14 August 2026 | ₹13 |
| 17 August 2026 | ₹7 |
| 18 August 2026 | ₹2 |
| 19 August 2026 | ₹2 |
| 20 August 2026 | ₹2 |
| 21 August 2026 | ₹2 |
The final reported GMP was around ₹2, but the shares actually listed at ₹74 against the issue price of ₹77. This highlights why GMP should only be treated as an unofficial market sentiment indicator.
Skytech Infinite Platform IPO Subscription Status
The IPO received overall subscription of approximately 2.04 times.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers | 1.06x |
| Non-Institutional Investors | 0.72x |
| Retail Individual Investors | 3.36x |
| Total Subscription | 2.04x |
Retail investors recorded the strongest demand at 3.36 times, while QIBs subscribed 1.06 times and NIIs 0.72 times.
Skytech Infinite Platform IPO Day-Wise Subscription
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 1.06x | 1.06x |
| NII | 0.21x | 0.24x | 0.72x |
| Retail | 0.70x | 1.62x | 3.36x |
| Total | 0.45x | 0.94x | 2.04x |
The subscription level increased significantly toward the final day, primarily because of stronger retail participation.
Skytech Infinite Platform IPO Listing Performance
Skytech Infinite Platform shares were listed on the NSE SME platform on August 21, 2026.
The final issue price was ₹77 per share, while the stock opened at ₹74. This represented a listing discount of ₹3 per share, or approximately 3.90%. The stock subsequently touched the lower circuit of ₹70.30 on the debut day.
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| NSE Symbol | SKYTECH |
| Listing Date | 21 August 2026 |
| Issue Price | ₹77 Per Share |
| Listing Price | ₹74 Per Share |
| Listing Gain/Loss | -₹3 Per Share |
| Listing Gain/Loss (%) | -3.90% |
| Listing-Day Lower Circuit | ₹70.30 |
The weak debut occurred despite the IPO receiving 2.04 times overall subscription and retail subscription of 3.36 times.
Skytech Infinite Platform IPO Review
Skytech Infinite Platform operates in industrial automation, a segment that supports manufacturing, infrastructure and process industries through automated control systems and electrical panels.
The company’s portfolio covers PCC, MCC, VFD, APFC, PLC and control desk panels, along with engineering, installation, commissioning and maintenance services. Its turnkey approach allows the company to participate across several stages of automation projects.
Financial performance has improved over the last three years. Revenue from operations increased from ₹44.13 crore in FY2024 to ₹51.65 crore in FY2026, while PAT increased from ₹1.35 crore to ₹4.20 crore during the same period.
The company’s EBITDA also increased substantially, reaching ₹7.14 crore in FY2026 compared with ₹3.11 crore in FY2024. The FY2026 ROCE was 25.45%, while the debt-to-equity ratio stood at 0.49x.
The IPO proceeds are primarily intended to strengthen working capital. This can support larger project execution and help the company manage procurement and operational requirements.
However, the business also has risks. More than 75% of FY2026 revenue was reportedly generated from Karnataka, creating geographical concentration. The company also depends on a single manufacturing unit in Bengaluru, which can increase the impact of local operational disruptions.
The industrial automation industry is also exposed to rapid technological changes. Companies must continually maintain engineering capabilities and keep pace with changing automation technologies and customer requirements.
The company recorded 2.04 times overall subscription, but the shares listed at ₹74 against the issue price of ₹77, delivering a 3.90% listing loss. Investors should therefore assess the company’s underlying earnings and business prospects rather than relying on subscription numbers or GMP alone.
Overall, Skytech Infinite Platform has an established industrial automation business, a broad product portfolio and improving profitability. Its future performance will depend on project execution, customer diversification, working-capital management, technological capabilities and the ability to expand beyond its concentrated geographic base.
Skytech Infinite Platform IPO Strengths
- Established industrial automation solutions business.
- Provides end-to-end turnkey automation services.
- Product portfolio includes PCC, MCC, VFD, APFC, PLC and control desk panels.
- Serves multiple industrial sectors.
- Provides design, engineering, manufacturing, installation, commissioning and maintenance.
- Experienced management team with significant industry experience.
- Operates an in-house manufacturing facility in Bengaluru.
- Offers customised automation control-panel solutions.
- Has experience in industrial automation projects across India and international markets.
- Revenue from operations increased from ₹44.13 crore in FY2024 to ₹51.65 crore in FY2026.
- PAT increased from ₹1.35 crore in FY2024 to ₹4.20 crore in FY2026.
- EBITDA increased to ₹7.14 crore in FY2026.
- FY2026 ROCE stood at 25.45%.
- IPO proceeds are primarily directed toward working capital.
- Promoter holding remains substantial after the IPO.
Skytech Infinite Platform IPO Risk Factors
- Revenue is geographically concentrated in Karnataka.
- The company depends on a single manufacturing facility in Bengaluru.
- Industrial automation technology changes rapidly.
- Project execution delays can affect revenue and profitability.
- Customer payment delays can create working-capital pressure.
- Industrial capital expenditure cycles can affect demand.
- The company operates in a competitive automation industry.
- Procurement costs for electrical and automation components can affect margins.
- Borrowings increased from ₹5.39 crore in FY2025 to ₹9.25 crore in FY2026.
- The debt-to-equity ratio increased to 0.49x in FY2026.
- A significant portion of revenue is associated with EPC contracts.
- SME-listed shares can experience higher volatility and lower liquidity.
- Future expansion requires effective use of working capital.
- Dependence on skilled engineering and technical personnel can create operational risks.
Skytech Infinite Platform IPO Promoters
The promoters of Skytech Infinite Platform Limited are Paramashivam Deiveekan and Suma Deiveekan. The promoter and promoter-group holding was 100% before the IPO and reduced to approximately 70.01% after the issue.
| Promoter | Status |
|---|---|
| Paramashivam Deiveekan | Promoter & Managing Director |
| Suma Deiveekan | Promoter & Executive Director |
Paramashivam Deiveekan has been associated with the company since its inception and has nearly 30 years of experience in control, instrumentation and industrial automation. Suma Deiveekan has been associated with the company since inception and has more than 20 years of experience in structural analysis and engineering.
Skytech Infinite Platform IPO Management Team
The company has an executive management team covering operations, finance, sales, projects and technical functions.
| Name | Position |
|---|---|
| Paramashivam Deiveekan | Managing Director |
| Suma Deiveekan | Executive Director |
| Venumuddala Vivek Reddy | Independent Director |
| Raghu Vamsi Alampalli | Independent Director |
| Ramaprasad Bellur Kumar | Non-Executive Director |
| Binil Kurikilamkattu Scaria | Chief Financial Officer |
| Harish Kumar Sreekantan | Company Secretary & Compliance Officer |
The company’s investor-relations information identifies Paramashivam Deiveekan as Managing Director and Suma Deiveekan as Executive Director. It also identifies Binil Kurikilamkattu Scaria as CFO and Harish Kumar Sreekantan as Company Secretary and Compliance Officer.
Skytech Infinite Platform IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar | Integrated Registry Management Services Private Limited |
| Role | Registrar to the Issue |
| Phone | 080-23460815 / 816 / 817 / 818 |
| IPO Platform | NSE SME |
Integrated Registry Management Services Private Limited acted as the registrar to the issue.
Skytech Infinite Platform IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Manager | Finshore Management Services Limited |
| Role | Book Running Lead Manager |
| Market Maker | Prabhat Financial Services Limited |
| Listing Platform | NSE SME |
Finshore Management Services Limited acted as the sole book-running lead manager, while Prabhat Financial Services Limited acted as market maker.
Skytech Infinite Platform Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Skytech Infinite Platform Limited |
| Registered Office | No. 229/3, Sait Palya, Oil Mill Road, Oil Mill Compound, Lingarajapuram, Bangalore – 560084 |
| Phone | +91 98451 29517 |
| [email protected] | |
| Website | skytechinfinite.com |
The company provides its registered-office and investor-grievance details through its investor-relations information.
How to Check Skytech Infinite Platform IPO Allotment Status
Investors who applied for the Skytech Infinite Platform IPO can check the allotment status through the registrar or NSE facility.
Through Integrated Registry
- Open the IPO allotment facility.
- Select Skytech Infinite Platform Limited.
- Choose the relevant search option.
- Enter PAN, application number or demat account details.
- Complete the required verification.
- Submit the details to view the allotment status.
Through NSE
Investors can also check their IPO application information through the NSE facility using the relevant application details.
The basis of allotment was finalised on August 19, 2026, followed by refunds and demat credit on August 20. The shares were listed on August 21, 2026.
Skytech Infinite Platform IPO Conclusion
Skytech Infinite Platform IPO provided investors with exposure to an industrial automation company specialising in control panels, turnkey automation solutions, engineering, installation, commissioning and maintenance.
The company’s product portfolio includes PCC, MCC, VFD, APFC, PLC and control desk panels, allowing it to serve several industrial applications. It operates across sectors such as power, water, energy, infrastructure, automotive, food and beverages, HVAC, chemicals and pharmaceuticals.
Financial performance has improved over recent years. Revenue from operations increased from ₹44.13 crore in FY2024 to ₹51.65 crore in FY2026, while PAT increased from ₹1.35 crore to ₹4.20 crore. EBITDA reached ₹7.14 crore in FY2026.
The company proposed to use ₹16.81 crore of the IPO proceeds for working capital. Strengthening working capital could help the company execute larger projects and manage its operational requirements more effectively.
At the same time, investors should consider the company’s geographical concentration, dependence on its Bengaluru manufacturing facility, exposure to project execution, changing automation technology, customer payment cycles and increasing borrowings.
The IPO received 2.04 times overall subscription, with retail investors subscribing 3.36 times. However, the shares listed at ₹74 against the final issue price of ₹77, resulting in a listing loss of approximately 3.90%.
For long-term evaluation, investors should monitor revenue growth, project execution, margins, order flow, working-capital utilisation, debt levels, customer diversification and the company’s ability to expand beyond its existing geographical concentration.
Skytech Infinite Platform IPO FAQs
What is Skytech Infinite Platform IPO?
Skytech Infinite Platform IPO was a book-built SME public issue of Skytech Infinite Platform Limited comprising 29,45,600 fresh equity shares.
What was the Skytech Infinite Platform IPO price?
The price band was ₹73 to ₹77 per equity share, with the final issue price fixed at ₹77 per share.
What was the Skytech Infinite Platform IPO issue size?
The IPO issue size was approximately ₹22.68 crore through a fresh issue of 29,45,600 equity shares.
What was the Skytech Infinite Platform IPO lot size?
The lot size was 1,600 shares. The minimum retail application was two lots, or 3,200 shares, requiring ₹2,46,400 at the upper price band.
When was the Skytech Infinite Platform IPO allotment date?
The basis of allotment was finalised on August 19, 2026.
When was the Skytech Infinite Platform IPO listing date?
Skytech Infinite Platform shares were listed on the NSE SME platform on August 21, 2026.
What was the Skytech Infinite Platform IPO listing price?
The shares listed at ₹74 per share against the issue price of ₹77, representing a discount of approximately 3.90%.
What was the Skytech Infinite Platform IPO subscription status?
The IPO was subscribed approximately 2.04 times overall. QIBs subscribed 1.06x, NIIs 0.72x and retail investors 3.36x.
What was the Skytech Infinite Platform IPO GMP?
The reported GMP reached ₹13 on August 14 and declined to around ₹2 toward the end of the IPO period. GMP is unofficial and does not guarantee the actual listing price.
What does Skytech Infinite Platform Limited do?
Skytech Infinite Platform Limited provides industrial automation solutions, including design, engineering, manufacturing, installation, commissioning and maintenance of automation control panels and integrated control systems.
