Skytech Infinite Platform IPO

SME • NSE SME • Fresh capital only

LISTEDSMENSE SME

Skytech Infinite Platform

Price band

₹73 – ₹77

Lot size

1600 shares

Min investment

₹1,23,200

Issue size

₹22.68 Cr

About the company

Skytech Infinite Platform Limited was started in 2009. The company provides turnkey industrial automation solutions. It handles the full job of design, engineering, supply, installation, commissioning and maintenance of control panels. Control panels are the central boxes from which factory machinery is run and monitored. The company builds panels that bring together PLCs, drive systems, switchgear and sensors so that a plant runs more efficiently. Its product range includes PCC panels, APFC panels, MCC panels, VFD panels, PLC panels and control desk panels. The company serves many industries including power, water, energy, machine tools, infrastructure, food and beverages, HVAC, chemicals and pharmaceuticals, automotive and other process industries. It is an authorised partner of Mitsubishi Electric India, Endress + Hauser India, Exor India and Euroteck Environmental. Its office, factory and warehouse are in Bangalore, Karnataka, and as on 31 March 2026 it had 87 employees.

Skytech Infinite Platform Limited provides turnkey industrial automation solutions from Bangalore. It designs, makes and installs control panels such as PCC, MCC, VFD and PLC panels, and is an authorised partner of Mitsubishi Electric India and Endress + Hauser India.

IPO details

Issue price: ₹77
Price band: ₹73 – ₹77
Face value: ₹10
Lot size: 1600
Min investment: ₹1,23,200
Issue size: ₹22.68 Cr
Sale type: Fresh capital only
Listing on: NSE SME
BSE scrip code: SKYTECH
NSE symbol: SKYTECH-SM.NS

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	1,600	₹1,23,200
Retail (Max)	1	1,600	₹1,23,200
HNI (Min)	2	3,200	₹2,46,400

Investor reservation

CATEGORY	RESERVED
QIB	28,800 shares (1.03% of the Offer)
NII	13,72,800 shares (49.08% of the Offer)
Retail	13,95,200 shares (49.89% of the Offer)

Objects of the issue

1Working Capital Requirements16.81

2General Corporate Purposes

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	47.57	30.05	26.00
Total Income	52.14	45.21	44.15
Profit After Tax	4.20	3.71	1.35
EBITDA	6.65	6.13	3.09
NET Worth	19.02	14.81	11.10
Reserves and Surplus	12.14	7.94	10.48
Total Borrowing	9.25	5.39	3.90

Key performance indicators

EPS (₹)

4.28

RoCE

33.10%

RoNW

25.07%

PAT Margin

8.23%

✓ Strengths

• Profit has grown for three years, from Rs 1.35 crore in FY2024 to Rs 3.71 crore in FY2025 and Rs 4.20 crore in FY2026.

• Total income rose 15% in FY2026, from Rs 45.21 crore to Rs 52.14 crore.

• The company is an authorised partner of established names such as Mitsubishi Electric India and Endress + Hauser India, which helps in getting orders.

• It works across many industries including power, water, pharma, food, automotive and infrastructure, so it is not tied to one sector.

• It does the complete job from design to installation and maintenance, which brings repeat service income after the panel is sold.

• Net worth improved from Rs 11.10 crore in FY2024 to Rs 19.02 crore in FY2026.

• Industrial automation demand is supported by new factory setups and by older plants upgrading their control systems.

• The company has been in this business since 2009, so it has a track record of over 15 years.

⚠ Risks

• Growth is slow and profit growth has almost stopped. Total income moved only from Rs 44.15 crore in FY2024 to Rs 45.21 crore in FY2025, and profit rose just 13% in FY2026 from Rs 3.71 crore to Rs 4.20 crore.

• Borrowing rose 72% in one year, from Rs 5.39 crore to Rs 9.25 crore.

• Almost the entire issue money, Rs 16.81 crore out of Rs 22.68 crore, goes into working capital. Nothing significant is being spent on new capacity.

• This is an order based business. If new orders do not come in a quarter, there is no income to fall back on.

• The company depends on tie ups with equipment makers such as Mitsubishi and Endress + Hauser. If any of these partnerships ends, it will affect the business.

• It is a small company with 87 employees and one location in Bangalore, competing against large automation companies.

• Panel making needs bought out items such as PLCs, drives and switchgear. Price rise or supply delay in these parts affects both cost and delivery.

• This is an SME issue. One lot is 1,600 shares, which is about Rs 1.23 lakh at the upper band of Rs 77, and SME shares usually trade in low volume after listing.

Promoters & holding

Paramashivam Deiveekan and Suma Deiveekan

Pre-issue promoter holding

100%

Post-issue promoter holding

70.01%

Data refreshed 07 Nov 2026, 05:06 pm IST. GMP is unofficial market sentiment, not investment advice.