Skytech Infinite Platform Limited operates as an integrated provider of turnkey automation solutions, specialising in the design, engineering, supply, installation, commissioning, and maintenance of control panels.
The Skytech Infinite Platform IPO opens for public subscription on August 14, 2026, and is scheduled to close on August 18, 2026. Track other imporant SME and Mainboard IPOs
Transitioning to the public markets, the Bengaluru-based enterprise aims to raise up to ₹23.00 crores entirely through a fresh issue of 29,45,600 equity shares to fund its working capital needs.
The price band for this NSE SME offering has been fixed at ₹73 to ₹77 per equity share, requiring a minimum retail bidding lot of 1,600 shares (with the minimum application set at 2 lots).
We review the Skytech Infinite Platform IPO details below, highlighting the current GMP, bidding status, price range, and vital dates.
Briefs of Skytech Infinite Platform IPO Details
- Price Band: ₹73 – ₹77 per share
- IPO Open / Close Dates: 14 August 2026 / 18 August 2026
- Lot Size: 1,600 shares (Minimum retail application of ₹2,46,400 for 2 lots)
- Issue Size: 29,45,600 shares / Up to ₹23.00 crores
- Fresh Issue / OFS: Fresh Issue of 29,45,600 shares / OFS: Nil
- Registrar: Integrated Registry Management Services Pvt.Ltd.
- Listing Exchange: NSE SME
IPO Reservation
- Face value: ₹10 per share
- Anchor offer: Nil (Not Applicable)
- QIB-shares: Not more than 28,800 Equity Shares
- NIIs-Shares offered: Not less than 13,72,800 Equity Shares
- RIIs- Shares offered: Not less than 13,95,200 Equity Shares
What is the Current Grey Market Premium (GMP) for the Skytech Infinite Platform IPO?
Visit our GMP Hub page to view the latest GMP updates for this and other IPOs.
As an unofficial market indicator, GMP fluctuates daily depending on market demand and is not regulated by SEBI, NSE, or BSE.
What are the Key Dates Investors need to know regarding the Skytech Infinite Platform IPO?
- IPO Open & Close Date: 14 August 2026 to 18 August 2026
- Basis of Allotment Date: 19 August 2026
- Refund Initiation Date: 20 August 2026
- Credit of Shares: 20 August 2026
- Listing Date: 21 August 2026
What are the Primary Objectives Behind the Skytech Infinite Platform IPO Capital Raise?
The company management at Skytech Infinite Platform intends to deploy the net proceeds from the fresh issue for the following core objectives:
- Working Capital Requirements: The primary allocation will fund the incremental working capital required to execute capital-intensive, turnkey automation solutions and scale up operations to meet growing demand.
- General Corporate Purposes: Up to 15% of the gross offering proceeds, with a strict ceiling of ₹10.00 crores, is earmarked for strategic initiatives, prospective collaborations, research, and building brand equity.
How has Skytech Infinite Platform Performed Financially in Recent Fiscal Periods?
The company’s financial results and key balance sheet items are summarised below, with figures presented in ₹ crore.
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24 |
Total Income | 52.14 | 45.21 | 44.15 |
Profit After Tax | 4.20 | 3.71 | 1.35 |
EBITDA | 6.65 | 6.13 | 3.09 |
Total Borrowing | 9.25 | 5.39 | 3.90 |
Assets | 47.57 | 30.05 | 26.00 |
Source: RHP
Financial Observations
Total Income
The company registered a steady and consistent expansion in its top-line revenue over the observed fiscal periods.
- Total income scaled from ₹44.15 crores in FY24 to ₹52.14 crores in FY26.
- This growth was primarily driven by the execution of EPC contracts, which constituted 79.90% of turnover in FY26.
- Operations are highly domestic-focused, with Indian markets accounting for 99.91% of total revenue.
Profit After Tax
Net profitability experienced substantial sequential growth, highlighting the firm's successful execution of high-margin projects.
- PAT surged dramatically from ₹1.35 crores in FY24 to ₹4.20 crores in FY26.
- This remarkable multi-year growth was heavily supported by a 100% success rate in government tenders.
- High-margin projects, like the KPCL Coal Handling Plant (yielding a 43.79% gross margin), aided this bottom-line momentum.
EBITDA
Core operational earnings advanced significantly, reflecting the company's improved procurement and manufacturing efficiencies.
- EBITDA increased from ₹3.09 crores in FY24 to ₹6.65 crores in FY26.
- The EBITDA margin widened from 7.00% in FY24 to 12.87% in the most recent fiscal period.
- Transitioning raw material sourcing, such as HMI panels, optimised material cost ratios and protected margins.
Total Borrowing
The business utilised external debt to finance the heavy working capital requirements inherent to large-scale EPC contracts.
- Total borrowings rose from ₹3.90 crores in FY24 to ₹9.25 crores in FY26.
- These funds are predominantly short-term secured bank borrowings (like overdrafts) to bridge liquidity gaps.
- The rising debt pushed the Debt-to-Equity ratio up slightly to 0.49x in FY26.
Assets
The overall resource base of the company widened to accommodate its rapidly expanding project execution requirements.
- Total assets grew from ₹26.00 crores in FY24 to ₹47.57 crores in FY26.
- This build-up is heavily tied to current assets, specifically ₹27.71 crores in trade receivables (58.2% of total assets).
- The company maintains an asset-light operational model, focusing on precision assembly rather than heavy fixed-asset manufacturing.
What Are the P/E ratio and Peer Comparison of Skytech Infinite Platform Limited?
Calculated by dividing the market price of a share by its Earnings Per Share (EPS), the Price-to-Earnings (P/E) ratio for Skytech Infinite Platform is 12.58x, based on its FY26 EPS of ₹6.12 and the upper price band of ₹77 per share.
Name of the Company | Total Revenue (₹ Cr) | Face Value (₹) | Basic EPS (₹) | P/E Ratio | RoNW (%) |
Skytech Infinite Platform | 51.65 | 10 | 6.12 | 12.58 | 22.11 |
Listed Peers | N/A | N/A | N/A | N/A | N/A |
Analysis:
According to the Red Herring Prospectus, there are no publicly listed companies in India with a business model exclusively similar or directly comparable to Skytech Infinite Platform Limited. Consequently, a direct industry peer comparison is not applicable.
At the upper price band of ₹77, the company enters the primary market demanding an implied P/E multiple of approximately 12.58x.
Operating within a specialized automation niche, the firm reports a highly robust Return on Net Worth (RoNW) of 22.11% for FY26.
This superior return metric underscores the company's highly efficient capital utilisation and strong execution capabilities, compensating for the lack of formal benchmark multiples.
What is The Industry Outlook of Skytech Infinite Platform Limited?
Growth potential
- The Indian industrial automation sector is experiencing rapid expansion as manufacturing industries push for 'Industry 4.0' integration to improve efficiency and reduce manual labour costs.
- Government initiatives promoting domestic manufacturing, such as the PLI (Production Linked Incentive) schemes, are directly increasing the demand for advanced control panels and automated production lines.
- Energy-intensive sectors like power generation and mining present a massive runway for turnkey automation providers to upgrade legacy infrastructural systems.
Market trends
- The turnkey automation market requires significant technical expertise and pre-qualification, creating high barriers to entry for unorganised players, especially in government bidding.
- Working capital intensity remains a dominant trend, as executing large-scale, customised EPC contracts involves substantial upfront component procurement and extended receivable cycles.
- Firms are increasingly shifting towards asset-light models, focusing on engineering design and precision assembly while outsourcing heavy component fabrication to maintain operational agility.
What Are The Strengths and Risks of Skytech Infinite Platform IPO ?
Strengths:
- High Tender Success Rate: The company achieved a 100% success rate in government tenders over the past three fiscal years, demonstrating high technical competence.
- Margin Expansion: Strategic shifts in raw material sourcing helped double the EBITDA margin from 7.00% in FY24 to 12.87% in FY26.
- Superior Return Metrics: The business generates an impressive Return on Net Worth (RoNW) of 22.11% and a Return on Capital Employed (ROCE) of 25.45% in FY26.
Risks:
- Working Capital Strain: Trade receivables ballooned to ₹27.71 crores (58.2% of total assets) in FY26, stretching the working capital cycle to 103 days.
- Negative Cash Flows: Heavy blockage in inventory and receivables caused operating cash flows to turn negative at ₹(1.65) crores in FY26.
- Geographic and Client Concentration: Core sales are highly concentrated in Karnataka, and the top 10 customers accounted for 47.23% of operational revenues in FY26.
Key Considerations for Investors
- Working Capital Pressures: The business model is highly working capital intensive; trade receivables accounted for 58.2% of total assets in FY26, stretching the operating cycle to 103 days.
- Cash Flow Constraints: Heavy capital locked in government receivables and inventory resulted in negative operating cash flows of ₹(1.65) crores in FY26.
- Concentration Risks: Revenue is highly dependent on Karnataka, and the top 10 customers generated 47.23% of FY26 sales, exposing the firm to regional and client-specific disruptions.
- Strong Profitability: Despite liquidity pressures, the company’s asset-light model yields excellent profitability, posting a 22.11% RoNW and a 12.87% EBITDA margin in FY26.
Important Resources Related to IPOs
1. Upcoming & Live IPOs in India
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
4. GMP vs Listing Gains July 2026 IPOs: A Data Analysis of 34 IPOs
5.July 2026 IPO Subscription Review: 32 IPOs Data, Demand Patterns & Key Trends
6. July 2026 IPO Review: 33 IPOs, ₹21140.52 Cr Raised & 56.37x Average Subscription
Key Takeaways
- IPO Price Band: ₹73 to ₹77 per equity share
- Lot Size: 1,600 shares (Minimum retail application of ₹2,46,400 for 2 lots)
- Allotment Date: Allotment on 19 August 2026
- Listing Date: Listing on NSE SME on 21 August 2026
FAQs on Skytech Infinite Platform IPO
What is Skytech Infinite Platform IPO GMP today?
Our gmp tracking dashboard provides regular updates on this SME segment issue's estimated grey market premium, which varies daily based on unregulated market activity.
What is Skytech Infinite Platform IPO price band?
Investors can submit bids within a fixed price range of ₹73 to ₹77 per equity share.
What is Skytech Infinite Platform IPO allotment date?
The final share allotment structure is scheduled to be officially confirmed on August 19, 2026.
How to check Skytech Infinite Platform IPO allotment status?
Following formal finalization, shareholders can verify if they received shares by visiting the registry site of Integrated Registry Management Services Pvt. Ltd. with their application criteria or PAN.
What is Skytech Infinite Platform IPO listing date?
The equity shares are proposed to be listed on the NSE SME platform on 21 August 2026.
Investment Perspective on Skytech Infinite Platform IPO
Skytech Infinite Platform presents a high-growth investment play on India's expanding industrial automation sector.
Backed by an established 15-year track record, the company has delivered impressive profitability, with PAT rising from ₹135.09 lakhs to ₹420.47 lakhs.
However, its capital-intensive EPC model has triggered severe working capital pressures, leading to negative operating cash flows. Long-term investors must carefully weigh this rapid growth against rising liquidity risks in this peerless SME issue.
Disclaimer: This information is presented as a general educational overview and does not constitute financial or investment advice. Investors are advised to seek guidance from a SEBI-registered investment advisor before making investment decisions.
