NewsSkytech Infinite IPO Day 3: Issue subscribed 1.26x so far. Check issue details and key datesSkytech Infinite IPO Day 3: Issue subscribed 1.26x so far. Check issue details and key dates
Skytech Infinite Platform IPO closed with a 1.26x subscription. Retail investors led with 2.1x, while QIBs subscribed 1.06x. The company reported ₹51.65 crore revenue in FY2026. Listing is scheduled for August 21, 2026, with allotment on August 19.
*this image is generated using AI for illustrative purposes only.
Skytech Infinite Platform’s initial public offering has concluded with a total subscription of 1.26x, marking a modest oversubscription. The retail investor category emerged as the clear leader, driving demand to 2.1x, while Qualified Institutional Buyers (QIBs) contributed a solid 1.06x. Non-Institutional Investors (NIIs) showed varied interest, with small HNI participants subscribing 0.69x and block HNI participants at 0.27x. The issue, priced between ₹73 and ₹77 per share, saw steady accumulation over its four-day run, closing on August 18, 2026.
Final Subscription Status
The subscription data reveals a strong retail appetite, which significantly boosted the overall multiple in the final days. QIB participation remained stable after crossing the threshold, while NII interest was more subdued.
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 13-08-2026 | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Day 2 | 14-08-2026 | 0.00x | 0.23x | 0.20x | 0.66x | 0.43x |
| Day 3 | 17-08-2026 | 1.06x | 0.53x | 0.24x | 1.60x | 0.97x |
| Day 4 | 18-08-2026 | 1.06x | 0.69x | 0.27x | 2.10x | 1.26x |
Category-wise Breakdown
- Retail: 2.1x (Leading category)
- QIB: 1.06x
- NII (sHNI): 0.69x
- NII (bHNI): 0.27x
- Employees: 0 x
About the Company
Skytech Infinite Platform Limited specializes in comprehensive turnkey automation solutions, including Design, Engineering, Supply, Installation & Commissioning (I&C), and Maintenance of Control Panels. Founded in 2009, the company manufactures Automation Control Panels integrating PLCs, drive systems, switchgear, and sensors. It serves diverse sectors such as Power, Water, Energy, Machine Tools, Infrastructure, and Process Industries. The company is led by MD Paramashivam Deiveekan and CEO Suma Deiveekan, leveraging over 15 years of operating history and strategic partnerships with global brands like Mitsubishi Electric India and Endress + Hauser India.
Financial Highlights
The company has demonstrated consistent revenue growth over the last three years, driven by its diversified automation portfolio. Profitability has also improved, with total profit rising from ₹1.35 crore in FY2024 to ₹4.20 crore in FY2026.
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations (₹ crores) | 44.13 | 45.14 | 51.65 |
| Total Profit (₹ crores) | 1.35 | 3.71 | 4.20 |
| Total Equity (₹ crores) | 11.10 | 14.81 | 19.02 |
Objects of the Issue
- Working Capital Requirements: ₹16.81 crores for procuring raw materials, maintaining inventory, and managing sundry debtors.
- General Corporate Purposes: Funds for strategic initiatives, partnerships, R&D, and brand building.
- Issue Related Expenses: Meeting management fees, underwriting fees, legal advisor fees, and listing fees.
Risk Factors
- Customer Concentration: Top ten customers contributed 47.23% of revenue in FY2026; loss of key clients could impact profitability.
- Working Capital Pressure: High trade receivables (₹2,771.24 lakhs) and inventories (₹866.31 lakhs) as of March 31, 2026, pose liquidity risks.
- Negative Operating Cash Flow: Reported negative operating cash flow of ₹165.61 lakhs in FY2026 due to higher inventories and receivables.
What's Next
Allotment is expected on August 19, 2026, followed by listing on August 21, 2026. The basis of allotment will be determined by the merchant bankers based on the final subscription status. Investors should monitor the allotment status on KFin Technologies, BSE, and NSE portals.
How might the significant disparity between strong retail demand (2.1x) and weak block HNI interest (0.27x) influence the stock's initial listing price and early volatility?
Given the reported negative operating cash flow in FY2026, will the ₹16.81 crores allocated for working capital be sufficient to alleviate liquidity pressures from high trade receivables?
What is the potential impact of the company's high customer concentration, with top clients contributing 47.23% of revenue, on its long-term revenue stability post-listing?
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