Skytech Infinite Platform IPO Day 2 Live: NII jumps 1050%, Total at 0.43x - Check details
Skytech Infinite Platform's IPO saw a massive intraday surge on Day 2, with total subscription reaching 0.43x. NII (bHNI) jumped 1050% to 0.23x, and Retail rose 450% to 0.66x. QIB remains at 0.00x. The company, founded in 2009, reported FY26 revenue of ₹51.65 crores and PAT of ₹4.20 crores.
*this image is generated using AI for illustrative purposes only.
Skytech Infinite Platform’s initial public offering has concluded with a total subscription of 2.04x, marking a robust oversubscription after ticking up significantly in the final hours of trading. The retail investor category emerged as the clear leader, driving demand to 3.27x, while Qualified Institutional Buyers (QIBs) contributed a stable 1.06x. Non-Institutional Investors (NIIs) showed improved interest towards the close, with block HNI participants subscribing 1.26x and small HNI participants at 0.58x. The issue, priced between ₹73.00000 and ₹77.00000 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 picked up pace after 6pm. The total subscription jumped +61.9% from the morning snapshot on the final day, crossing the 2x mark.
| 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 | 1.26x | 0.58x | 3.27x | 2.04x |
Intra-day timeline on 18-08-2026
The final day saw notable momentum in the last three hours, with Retail jumping +55.7% and NII (bHNI) rising +82.6% from the morning levels.
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 05:45 | 1.06x | 0.69x | 2.10x | 1.26x |
| 06:45 | 1.06x | 0.72x | 2.30x | 1.37x |
| 07:45 | 1.06x | 0.85x | 2.57x | 1.53x |
| 08:45 | 1.06x | 0.90x | 2.78x | 1.70x |
| 09:45 | 1.06x | 1.00x | 3.06x | 1.86x |
| 10:45 | 1.06x | 1.26x | 3.27x | 2.04x |
| 11:45 | 1.06x | 1.26x | 3.27x | 2.04x |
Category-wise Breakdown
- Retail: 3.27x (Leading category)
- QIB: 1.06x
- NII (bHNI): 1.26x
- NII (sHNI): 0.58x
- 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.
Will the lack of Qualified Institutional Buyer (QIB) participation signal a potential listing discount or volatility for Skytech Infinite shares?
How might the company's high customer concentration risk impact its long-term revenue stability post-IPO?
Can the proceeds allocated to working capital sufficiently address the negative operating cash flow and high trade receivables observed in FY2026?
18
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
