IPO Overview
Incorporated in 2009, Skytech Infinite Platform Limited is a Bengaluru-based provider of comprehensive turnkey industrial automation solutions, covering design, engineering, manufacturing, supply, installation, commissioning, and maintenance of automation control panels and integrated control systems. The company specializes in turnkey automation solutions that integrate programmable logic controllers (PLCs), drive systems, switchgear, sensors, and actuators to streamline industrial processes. These automation control panels function as centralized hubs that monitor and manage industrial machinery, improving operational efficiency, reliability, and system performance. As of August 31, 2025, the company has a workforce of 78 employees. Its registered office, factory, and warehouse are all located in Bengaluru, Karnataka.
The company is now launching its SME IPO on the NSE Emerge platform. The Issue is a Book Built IPO comprising a fresh issue of up to 29,45,600 equity shares of face value of ₹10 each, with the price band fixed at ₹73 to ₹77 per share. The total issue size aggregates to approximately ₹22.68 crore. The lot size is 1,600 equity shares. The IPO opens on 14 August 2026 and closes on 18 August 2026, with listing expected on 21 August 2026.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | NSE Emerge (NSE SME) |
| IPO Open Date | 14 August 2026 |
| IPO Close Date | 18 August 2026 |
| Allotment Date | 19 August 2026 (Expected) |
| Refund Initiation | 20 August 2026 |
| Credit to Demat | 20 August 2026 |
| Listing Date | 21 August 2026 (Tentative) |
| Price Band | ₹73 – ₹77 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,600 shares |
| Minimum Investment (Retail) | ₹2,46,400 (2 lots = 3,200 shares) |
| Issue Size | ₹22.68 crore |
| Fresh Issue | 29,45,600 shares (₹22.68 crore) |
| Offer For Sale (OFS) | Nil |
Note: The entire IPO is a fresh issue — no offer-for-sale component. All proceeds go directly to the company.
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | ~50% |
| Non-Institutional Investors (NII/HNI) | ~15% |
| Retail Individual Investors (RII) | ~35% |
| Market Maker | Reserved Portion |
OFS / Selling Shareholders
There is no Offer For Sale (OFS) in this IPO. The entire issue is a fresh issue — all IPO proceeds will be received directly by the company
Objects of the Issue (Fund Utilization)
The company proposes to utilize the net proceeds from the issue towards the following objects: working capital requirements — ₹14.96 crore, and the remainder for general corporate purposes.
- Working capital requirements — ₹14.96 crore
- General corporate purposes — remaining proceeds
Lead Managers & Registrar
- Book Running Lead Manager: Finshore Management Services Limited
- Registrar to the Issue: Integrated Registry Management Services Pvt. Ltd.
Promoters & Management
The company is promoted by Mr. Paramashivam Deiveekan and Mrs. Suma Deiveekan.
Mr. Paramashivam Deiveekan serves as the Managing Director and has led the company since its incorporation, building end-to-end execution capabilities and strong relationships with established global automation and instrumentation players.
Company Details
Incorporated in 2009, Skytech Infinite Platform Limited is engaged in providing turnkey industrial automation solutions, covering design, engineering, supply, installation & commissioning (I&C), and maintenance of a wide range of control panels. The company serves diverse industries including power, water, energy, machine tools, infrastructure, motor management, food & beverages, HVAC, chemicals & pharmaceuticals, automotive, and process industries.
Sectors Served:
- Power & Energy
- Water & Utilities
- Infrastructure
- HVAC
- Food & Beverages
- Chemicals & Pharmaceuticals
- Automotive
- Machine Tools & Process Industries
Key Products Manufactured:
- PCC Panels (Power Control Center)
- MCC Panels (Motor Control Center)
- VFD Panels (Variable Frequency Drive)
- APFC Panels (Automatic Power Factor Correction)
- PLC Panels (Programmable Logic Controller)
- Control Desk Panels
Key Capabilities:
- End-to-end turnkey project execution — design, engineering, assembly, testing, installation, commissioning, and maintenance
- Integration of PLCs, drives, switchgear, sensors, and actuators into centralized control systems
- Customer-specific automation solutions tailored to application requirements
Technology Partnerships:
The company is an authorized partner of Mitsubishi Electric India Private Limited, Endress+Hauser (India) Private Limited, Exor India Pvt. Ltd., and Euroteck Environmental (P) Limited.
Manufacturing Facility:
- Factory, registered office, and warehouse located in Bengaluru, Karnataka
Financial Snapshot
| Period | Total Income (₹ Cr) | Revenue from Ops (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) |
| FY25 | ₹45.21 | ₹45.14 | ₹6.13 | ₹3.71 |
| FY26 | ₹52.14 | ₹51.65 | ₹6.65 | ₹4.20 |
Key Financial Metrics
- Total income grew 15.34% YoY in FY26 to ₹52.14 crore, while revenue from operations grew 14.41% to ₹51.65 crore. EBITDA increased to ₹6.65 crore from ₹6.13 crore in FY25. PAT grew 13.21% to ₹4.20 crore from ₹3.71 crore in FY25.
- FY26 RoNW: 22.11% | ROCE: 25.45%
- Post-issue P/E: ~18x (based on diluted EPS of ₹4.28 at upper price band of ₹77)
- Borrowings rose from ₹3.90 crore in FY24 to ₹9.25 crore in FY26 — a rising debt trend to monitor.
Company Strengths
- Established industrial automation business operating since 2009, with over 15 years of track record in design, engineering, and commissioning of control panels.
- Diversified presence across multiple industrial sectors including power, water, HVAC, automotive, food & beverages, chemicals, and pharmaceuticals — reducing single-sector dependency.
- Authorized technology partner of globally recognized brands including Mitsubishi Electric India, Endress+Hauser India, Exor India, and Euroteck Environmental — strengthening product credibility and supply chain.
- Consistent financial growth — PAT more than tripled from ₹1.35 crore in FY24 to ₹4.20 crore in FY26, supported by new contracts and higher offtake from existing customers.
- End-to-end in-house execution capability — from design to commissioning and maintenance — reducing dependency on third parties for project delivery
- IPO proceeds will strengthen working capital, supporting the company’s ability to take on and execute larger project orders going forward.
Key Risks & Challenges
- Borrowings have risen from ₹3.90 crore in FY24 to ₹9.25 crore in FY26, and return ratios (RoNW and ROCE) have moderated in FY26 compared to FY25 — trends that require monitoring.
- IPO proceeds are primarily directed towards working capital rather than capacity expansion — suggesting gradual rather than transformational growth post-listing.
- Small company size — total income of ₹52 crore and PAT of ₹4.20 crore in FY26 leaves limited margin for error in project execution
- SME IPO liquidity risk — limited secondary market trading volumes on NSE Emerge platform
- EBITDA and PAT margins moderated slightly in FY26, suggesting some pressure on profitability despite revenue growth.
- Dependence on third-party equipment suppliers (global automation brands) for core components — any supply disruption or pricing change can affect project costs and margins
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
