{"id":6923,"date":"2026-08-13T10:44:54","date_gmt":"2026-08-13T10:44:54","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6923"},"modified":"2026-08-13T10:46:01","modified_gmt":"2026-08-13T10:46:01","slug":"skytech-infinite-platform-ipo-review","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/skytech-infinite-platform-ipo-review\/","title":{"rendered":"Skytech Infinite Platform IPO Review: Key Details, Company Overview & Financials"},"content":{"rendered":"

Skytech Infinite Platform IPO is a book-built public issue worth \u20b922.68 crore, comprising a fresh issue of 29,45,600 equity shares entirely; there is no offer for sale (OFS) component in the issue. The IPO will open for subscription on August 14, 2026, and close on August 18, 2026. The company plans to list its shares on the NSE SME (Emerge) platform, with a tentative listing date of August 21, 2026, while the allotment is expected on August 19, 2026.<\/span><\/p>\n

The price band has been fixed at \u20b973 to \u20b977 per share, and investors can apply in lots of 1,600 shares. Retail investors are required to bid for a minimum of 2 lots, i.e. 3,200 shares, requiring a minimum investment of \u20b92,46,400 at the upper price band.<\/span><\/p>\n

Finshore Management Services Ltd. is the book-running lead manager, while Integrated Registry Management Services Pvt. Ltd. has been appointed as the registrar. Prabhat Financial Services Ltd. is the market maker to the issue. Investors should refer to the Red Herring Prospectus (RHP) for complete details before applying.<\/span><\/p>\n

Company Overview<\/b><\/h2>\n

Skytech Infinite Platform Limited, incorporated in 2009, is engaged in providing turnkey industrial automation solutions covering design, engineering, supply, installation and commissioning (I&C), and maintenance of a wide range of control panels, from conceptualisation to completion. The company operates from a 10,000 sq. ft. in-house facility in Bengaluru, Karnataka, and has an operating history of over 15 years.<\/span><\/p>\n

The company manufactures automation control panels that integrate Programmable Logic Controllers (PLCs), drive systems, switchgear, sensors, and actuators. These panels function as centralised systems for managing and monitoring industrial machinery, supporting improved process efficiency, reliability, and productivity. Its product portfolio includes PCC panels, MCC panels, VFD panels, APFC panels, PLC panels, FLP panels, and control desk panels, built on a modular design platform that allows panels to be configured, expanded, or rearranged as per client site requirements.<\/span><\/p>\n

Skytech Infinite Platform serves clients across power, water, energy, machine tools, infrastructure, motor management, food and beverages, HVAC, chemicals and pharmaceuticals, automotive, and process industries. The company is an ISO 9001:2015 certified organisation and an authorised partner of Mitsubishi Electric India Private Limited, Endress+Hauser (India) Private Limited, Exor India Pvt. Ltd., and Euroteck Environmental (P) Limited. It served 268 customers in fiscal 2026 and has supplied to select international markets, including Bhutan, Thailand, China, Singapore, and the USA. As of June 30, 2026, the company had a total manpower strength of 85 employees, including its directors.<\/span><\/p>\n

Industry Context<\/b><\/h2>\n
    \n
  • India’s industrial automation market was valued at USD 17.28 billion in 2025 and is projected to reach USD 33.64 billion by 2030, registering a CAGR of 14.26% over 2025\u20132030, supported by policy incentives, modernisation of legacy plants, and falling sensor costs.<\/span><\/li>\n
  • Industrial control systems accounted for 37.80% of the India industrial automation market share in 2024, anchored by PLC demand in automotive and DCS rollouts in chemicals, while software is forecast to expand at a 15.60% CAGR through 2030.<\/span><\/li>\n
  • By automation type, programmable systems led with a 42.10% revenue share in 2024, while integrated hyper-automation is advancing at a 17.01% CAGR to 2030. By end-user, automotive and transportation accounted for 23.50% of the market in 2024, with electronics and semiconductors projected to grow at a 17.40% CAGR between 2025 and 2030.<\/span><\/li>\n
  • Government initiatives such as Make in India and the Production Linked Incentive (PLI) scheme continue to support automation adoption. The PLI programme disbursed \u20b91,40,200 million to discrete industries by 2025, linked to demonstrable Industry 4.0 compliance, which has increased demand for PLC-controlled production lines and real-time monitoring across the supplier chain.<\/span><\/li>\n
  • The global electrical control panel market was valued at USD 6.32 billion in 2025 and is estimated to reach USD 10.97 billion by 2034 at a CAGR of approximately 6.27%. Within India, medium and small enterprises account for roughly 30% of manufacturing output but have historically lagged in automation, and brownfield digital retrofits in this segment represent a continuing opportunity for control panel and system integration players.<\/span><\/li>\n<\/ul>\n

    Business Strengths<\/b><\/h2>\n
      \n
    • The company offers a diversified automation solution portfolio spanning PCC, MCC, VFD, APFC, PLC, and control desk panels along with integrated turnkey automation services, enabling it to serve manufacturing, utilities, infrastructure, and process industries with both standardised and customised solutions.<\/span><\/li>\n
    • Skytech Infinite Platform follows an end-to-end turnkey model covering design, engineering, supply, installation, commissioning, and maintenance, executed under defined quality control measures and supported by its ISO 9001:2015 certification for systems and processes.<\/span><\/li>\n
    • The company is led by promoters associated with the business since inception, supported by a professional management team and a technically skilled workforce of qualified engineers, which supports project execution and client servicing across segments.<\/span><\/li>\n
    • With an operating history of over 15 years, the company has built a track record of repeat business and long-standing client relationships. Revenue from existing customers accounted for 83.91% of turnover in Fiscal 2026 and 83.98% in Fiscal 2025.<\/span><\/li>\n
    • The company holds authorisations as a system integrator, distributor, and solution provider for established automation and instrumentation product lines, including partnerships with Mitsubishi Electric India, Endress+Hauser (India), Exor India, and Euroteck Environmental.<\/span><\/li>\n
    • Its assembling and testing facility is centrally located in Bengaluru, which supports Factory Acceptance Tests (FAT) that often require clients, consultants, or end users to visit the facility for extended periods, offering logistical convenience during the delivery process.<\/span><\/li>\n<\/ul>\n

      Business Risks<\/b><\/h2>\n
        \n
      • A significant share of Skytech Infinite Platform Ltd.’s revenue comes from Karnataka, with sales in the state accounting for 75.39%, 63.13%, and 58.34% of revenue in fiscal years 2026, 2025, and 2024, respectively, making the company vulnerable to regional disruptions, competition, and economic changes in that market.<\/span><\/li>\n
      • The company depends on a single manufacturing unit located in Bengaluru. Any local disruption, natural disaster, equipment breakdown, labour dispute, or extended shutdown at this facility could have a material adverse effect on operations and financial performance.<\/span><\/li>\n
      • Raw material procurement is geographically concentrated, with purchases from Karnataka, Maharashtra, and Haryana together accounting for approximately 84.56%, 91.71%, and 90.25% of total purchases in fiscal years 2026, 2025, and 2024, respectively, exposing the company to regional supply chain disruptions and pricing pressure.<\/span><\/li>\n
      • The business is substantially dependent on existing customers and a limited number of key customers. Any loss of major clients, delay in order flows, or shift in customer requirements could affect revenues and profitability.<\/span><\/li>\n
      • Operations are working-capital intensive, and the company has reported negative cash flows in recent fiscals. The company has also stated that no alternate arrangements have been made for meeting regular working capital requirements, and any inability to secure sufficient funding could affect operations.<\/span><\/li>\n
      • The company is dependent on authorisations from third-party OEMs, operates in a moderately fragmented and highly competitive industry with large global players, has certain historical discrepancies in corporate records and delayed regulatory filings, and does not have listed peer companies for performance comparison.<\/span><\/li>\n<\/ul>\n

        Financial Performance<\/b><\/h2>\n

        Skytech Infinite Platform Limited \u2013 Financials (\u20b9 in Lakhs)<\/b><\/h3>\n

        <\/p>\n

        \n\n\n\n\n\n\n\n\n\n\n\n
        Particulars<\/th>\nFiscal 2026<\/th>\nFiscal 2025<\/th>\nFiscal 2024<\/th>\n<\/tr>\n<\/thead>\n
        Revenue from Operations<\/td>\n5,164.50<\/td>\n4,514.01<\/td>\n4,412.85<\/td>\n<\/tr>\n
        Total Income<\/td>\n5,214.10<\/td>\n4,520.81<\/td>\n4,414.85<\/td>\n<\/tr>\n
        Borrowings<\/td>\n925.45<\/td>\n539.06<\/td>\n389.68<\/td>\n<\/tr>\n
        EBITDA<\/td>\n664.66<\/td>\n612.68<\/td>\n308.72<\/td>\n<\/tr>\n
        Profit After Tax (PAT)<\/td>\n420.47<\/td>\n371.41<\/td>\n135.09<\/td>\n<\/tr>\n
        Return on Capital Employed (%)<\/td>\n25.45%<\/td>\n33.10%<\/td>\n17.48%<\/td>\n<\/tr>\n
        Basic Earnings Per Equity Share (EPS)*<\/td>\n6.12<\/td>\n5.40<\/td>\n1.96<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

        <\/p>\n

        \u2190 Swipe horizontally to view full table \u2192<\/div>\n