Skytech Infinite Platform IPO

Skytech Infinite Platform IPO is a book-built issue worth ₹22.68 crore. The IPO consists entirely of a fresh issue of 29.45 lakh equity shares.

Finshore Management Services Limited is the book-running lead manager to the issue, while Integrated Registry Management Services Private Limited is the registrar and Prabhat Financial Services Limited is the market maker for the issue. For detailed information on the company's financials, business operations and associated risks, investors are advised to refer to the Skytech Infinite Platform IPO RHP.

About Skytech Infinite Platform Limited

Skytech Infinite Platform Limited was originally incorporated as Skytech Infinite Platform Private Limited on May 28, 2009, under the provisions of the Companies Act, 1956. The company was subsequently converted into a public limited company and renamed Skytech Infinite Platform Limited on July 9, 2024.

The company specialises in providing comprehensive turnkey automation solutions, including design, engineering, supply, installation, commissioning and maintenance of various automation and control panel systems. It delivers end-to-end solutions from conceptualisation through completion for industrial automation projects.

Skytech is engaged in the manufacturing of automation control panels that integrate programmable logic controllers (PLCs), drive systems, switchgear, sensors and actuators. These solutions are designed to streamline industrial automation processes, improve operational efficiency and optimise system performance for customers across multiple industries.

The company serves a diverse customer base operating in sectors such as power, infrastructure, manufacturing, water treatment, food processing, pharmaceuticals, renewable energy, steel, railways, defence, healthcare and information technology. This diversified industry exposure helps reduce dependence on any single sector.

Skytech has established relationships with leading automation technology companies and operates as an authorised channel partner and system integrator for various automation products. Its expertise in customised engineering solutions enables it to address specific industrial requirements across a broad range of applications.

The company's growth strategy focuses on strengthening its automation solutions portfolio, expanding its customer base, enhancing engineering capabilities and capitalising on growing demand for industrial automation across India. By leveraging its technical expertise and long-standing industry experience, Skytech aims to increase its market presence in the rapidly evolving industrial automation sector.

Industry Outlook

• India's industrial automation market was valued at approximately USD 17.28 billion in 2025 and is projected to reach USD 33.64 billion by 2030, demonstrating strong growth potential for automation solution providers.
• The Indian industrial automation market is expected to expand at a CAGR of 14.26% between 2025 and 2030, supported by increasing digitalisation, smart manufacturing initiatives and higher industrial automation spending.
• Industrial control systems accounted for around 37.80% of the Indian industrial automation market in 2024, reflecting strong demand for automation control panels and integrated control solutions.
• Programmable automation systems represented approximately 42.10% of industry revenue in 2024, highlighting the growing adoption of PLC-based automation technologies across manufacturing industries.
• The automotive and transportation sector contributed 23.50% of the market in 2024, while electronics and semiconductors are expected to record one of the fastest growth rates through 2030.
• Industrial automation adoption is being driven by rising requirements for operational efficiency, lower production costs, improved safety standards and reduced human intervention in critical industrial processes.
• Growing investments in infrastructure, power, water treatment, renewable energy and manufacturing sectors are expected to continue supporting long-term demand for automation solutions and control panel systems in India.

Skytech Infinite Platform IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Meet incremental working capital requirements to support future business growth and expanding operations.
• Fund procurement of raw materials and components required for manufacturing automation control panels.
• Support inventory requirements necessary for timely execution of customer orders and projects.
• Provide funding for advances to suppliers and vendors as part of working capital management.
• Support increased trade receivables arising from higher project execution and sales volumes.
• Meet issue-related expenses associated with the public offering.
• Utilise a portion of the proceeds for general corporate purposes, strategic initiatives and business development activities.

Financial Performance of Skytech Infinite Platform Limited

Strengths and Opportunities of Skytech Infinite Platform IPO

1. Over 15 years of operating experience in the industrial automation and control panel industry.
2. End-to-end turnkey automation capabilities covering design, engineering, manufacturing, installation, commissioning and maintenance services.
3. Diversified customer presence across multiple industries including infrastructure, manufacturing, power, pharmaceuticals and renewable energy.
4. Strong financial growth, with revenue increasing to ₹5,164.50 lakh and PAT rising to ₹420.47 lakh in FY26.
5. High proportion of repeat business, with existing customers contributing 83.91% of revenue in FY26.
6. Operates in an industry projected to grow at 14.26% CAGR through 2030, providing a favourable demand environment.
7. Established relationships with automation technology providers and authorised channel partnerships strengthen market positioning.
8. ISO 9001:2015 certification demonstrates commitment to quality standards and operational processes.
9. IPO proceeds dedicated primarily towards working capital can enhance project execution capacity and support future business expansion.

Risks and Threats of Skytech Infinite Platform IPO

1. Karnataka accounted for 75.39% of FY26 revenue, creating significant geographical concentration risk.
2. The company operates a single manufacturing facility in Bengaluru, making it vulnerable to location-specific disruptions.
3. High working capital requirements, with trade receivables standing at ₹2,771.24 lakh as of FY26.
4. Dependence on key customers, with the top 10 customers contributing 47.23% of FY26 revenue.
5. Supplier concentration risk remains significant, as the top 10 suppliers accounted for 43.79% of total purchases in FY26.
6. The company reported negative operating cash flow of ₹165.61 lakh in FY26 due to higher working capital deployment.
7. Historical delays in certain ROC filings and statutory compliances could raise governance concerns despite subsequent corrective actions.
8. Promoters are expected to retain approximately 70.01% post-issue shareholding, resulting in significant control over company decisions.
9. Exposure to fluctuations in industrial capital expenditure, economic slowdowns and sector-specific downturns could adversely impact future growth and profitability.

Skytech Infinite Platform IPO Reservation

Skytech Infinite Platform IPO Promoter Holding

The promoters of the company are Paramashivam Deiveekan and Suma Deiveekan.

Skytech Infinite Platform IPO Prospectus

• Skytech Infinite Platform IPO RHP

Skytech Infinite Platform IPO Registrar and Lead Managers

Skytech Infinite Platform IPO Lead Managers

• Finshore Management Services Limited

Registrar for Skytech Infinite Platform IPO

Integrated Registry Management Services Private Limited

• Contact Number: +91 44 28140801
• Email Address:smeipo@integratedindia.in

Skytech Infinite Platform IPO Registrar

How To Apply for Skytech Infinite Platform IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Skytech Infinite Platform IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Skytech Infinite Platform IPO?

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2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Skytech Infinite Platform IPO

Registered Office: No. 229/3, Oil Mill Compound, Oil Mill Road Saitpalya, Lingarajapuram, Bengaluru, Karnataka, 560084.

Phone: +91 9901303019

E-mail: harish@skytechinfinite.com