Skytech Infinite Platform
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Skytech Infinite Platform IPO

IPO Open Now
₹2,33,600
0.3 xOver-subscribed
Bidding Dates 14 Aug, 26 -18 Aug, 26
Min Investment ₹2,33,600
Lot Size1,600
Price Range ₹73 – ₹77
Issue Size ₹22.68 Cr.
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IPO Subscription Details
Retail Subscription Details
0.42 x
Non-Institutional Buyers (sHNI)
0.15 x
Non-Institutional Buyers (bHNI)
0.18 x
Qualified Institutional Buyers (QIB)
0 x
Total
0.3 x
IPO Timeline
IPO Offer Start
14 Aug,26
IPO Offer Ends
18 Aug,26
Allotment Finalisation
19 Aug,26
Refund Initiation
20 Aug,26
Listing of Shares
21 Aug,26

IPO Analysis

Strengths
Strenghts

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.

Strenghts

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.

Strenghts

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.

Risks
Risk

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.

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

Risk

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.

Objectives

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.

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.

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.

Yearly Financial Results

Annual Financials
Mar 2024
Mar 2025
Mar 2026
Revenue
44.13
45.14
51.65
Expenses
41.04
39.01
45.00
Other Income
0.02
0.07
0.50
Total Revenue
44.15
45.21
52.14
Profit Before Tax
2.04
5.08
5.86
Net Profit
1.35
3.71
4.20

Balance Sheet

Balance Sheet
Mar 2024
Mar 2025
Mar 2026
Total Assets
26.00
30.05
47.57
Current Assets
18.29
22.65
40.08
Fixed Assets
7.71
7.39
7.49
Total Equity & Liabilities
26.00
30.05
47.57
Total Liabilities
14.90
15.23
28.55
Current Liabilities
10.80
12.01
24.34
Non Current Liabilities
4.10
3.22
4.21
Total Equity
11.10
14.81
19.02

Cash Flow

Cash Flow
Mar 2024
Mar 2025
Mar 2026
Net Cash Flow
0.62
1.19
1.46
Investing Activities
0.07
-0.43
-0.07
Operating Activities
3.02
0.81
-1.66
Financing Activities
-2.48
0.82
3.18

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...more
Managing DirectorParamashivam Deiveekan