Skytech Infinite Platform IPO
smelistedAbout the company
Incorporated in 2009, Skytech Infinite Platform is engaged in providing turnkey industrial automation solutions, covering design, engineering, supply, installation and commissioning, and maintenance of automation control panels. The company manufactures and integrates panels incorporating programmable logic controllers (PLCs), drives, switchgear, sensors and actuators. Its product portfolio includes PCC, MCC, VFD, APFC, PLC and control desk panels, which cater to industries such as power, water, energy, infrastructure, food & beverages, HVAC, chemicals & pharmaceuticals, automotive and process industries. The company operates from a 10,000 sq. ft. in-house manufacturing facility in Bengaluru, Karnataka, and has an operating history of over 15 years. It also manufactures Techno Modular Design panels based on a 200 mm modular grid, allowing flexible configurations and layouts. EPC contracts contributed 79.9% of turnover in FY26, followed by supply of products at 14.9% and AMC and other services at 5.2%. Integrated panels were the largest product contributor at 34.2% of turnover, followed by MCC panels at 19.1% and PLC panels at 17.9%. The company served 268 customers in FY26, with existing customers contributing 83.9% of turnover and new customers contributing 16.1%. India accounted for 99.9% of turnover, with Karnataka contributing 75.3% and Maharashtra 6.5%. Exports accounted for 0.1% of turnover in FY26 compared with 0.6% in FY25. The company is an authorised channel partner, distributor or system integrator for Mitsubishi Electric India, Endress+Hauser India, Exor India and Euroteck Environmental. Panel accessories accounted for 44.9% of total purchases in FY26, followed by PLCs at 22.2%, while the largest supplier accounted for 13.9% of purchases and the top ten suppliers contributed 43.7%.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 17 Aug | ₹7 | ₹84 | 0 |
| 16 Aug | ₹7 | ₹84 | -3 |
| 15 Aug | ₹10 | ₹87 | 0 |
| 14 Aug | ₹10 | ₹87 | -3 |
| 13 Aug | ₹13 | ₹90 | +13 |
| 12 Aug | ₹0 | ₹77 | 0 |
| 11 Aug | ₹0 | ₹77 | 0 |
| 10 Aug | ₹0 | ₹77 | 0 |
Strengths
- Strong Technology Focus: The company operates in the technology and digital solutions space, offering scope for growth as businesses increase technology adoption.
- Growing Digital Demand: Rising demand for digital platforms and technology-driven services can support long-term business expansion.
- Scalable Business Model: Technology-based operations can potentially scale without a proportionate increase in operating costs.
- Diversified Client Opportunities: Serving businesses across different industries can help reduce dependence on a single customer segment.
- Expansion Potential: Increasing adoption of cloud, digital and technology solutions provides opportunities to expand its product and service offerings.
Risks
- Intense Competition: The company operates in a competitive technology market where established players and new entrants can put pressure on pricing and margins.
- Technology Changes: Rapid changes in technology may require continuous investment in products, platforms and employee skills.
- Client Concentration Risk: Dependence on a limited number of major customers could affect revenue if key clients reduce spending or terminate contracts.
- Cybersecurity Risk: Technology businesses face risks related to data breaches, cyberattacks and system disruptions.
- Talent Dependence: The company may depend heavily on skilled technology professionals, making employee retention an important business risk.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed14 Aug 2026Bidding starts for all investor categories
IPO Closes
Completed18 Aug 2026Last day to place your bid
Basis of Allotment
Completed19 Aug 2026Share allotment finalised
Refund Initiation
Completed20 Aug 2026Refunds credited for non-allottees
Credit to Demat
Completed20 Aug 2026Allotted shares credited to demat account
Listing on Exchange
Completed21 Aug 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1600 | ₹123,200 | 1 | ₹123,200 | 1 lot only |
| HNI | 2 | 3200 | ₹246,400 | 2 | ₹246,400 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,533,334 | 11.5 | 0 | 0.00x | 100% |
| NII | 15% | 460,000 | 3.45 | 285,200 | 0.62x | 100% |
| Retail | 35% | 1,073,333 | 8.05 | 751,333 | 0.70x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
