Skytech Infinite Platform IPO
Skytech Infinite Platform IPO closed on 18 Aug 2026. Allotment 19 Aug 2026, listing 21 Aug 2026. Price band ₹73–₹77, lot 1600 shares, GMP +₹2 (2.6%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · NSE |
| Price band | ₹73–₹77 |
| Lot size | 1600 shares |
| Minimum investment | ₹2,46,400 |
| Issue size | ₹22.68 Cr |
| GMP | +₹2 (2.6%) |
| Open date | 14 Aug 2026 |
| Close date | 18 Aug 2026 |
| Allotment date | 19 Aug 2026 |
| Listing date | 21 Aug 2026 |
| Registrar | INTEGRATED |
About Skytech Infinite Platform
Skytech Infinite Platform provides comprehensive turnkey automation solutions from conceptualization to completion. The company manufactures automation control panels, integrating programmable logic controllers (PLCs), drive systems, switchgear, and sensors from its 10,000 square foot facility in Bangalore. Its product offerings include Power Control Center (PCC), Motor Control Center (MCC), Variable Frequency Drive (VFD), Automatic Power Factor Control (APFC), PLC, and Control Desk panels, constructed using a specialized 200 mm Techno Modular Design grid. Skytech generates revenue through engineering, procurement, and construction (EPC) contracts, direct product sales, and lifecycle services such as Annual Maintenance Contracts (AMCs). Serving diverse sectors including power, water, infrastructure, pharmaceuticals, and manufacturing, the company caters to clients across India and…
Strengths
- Offers a comprehensive automation portfolio including PCC, MCC, VFD, APFC, PLC, and Control Desk panels.
- Provides end-to-end quality and reliability in turnkey automation certified under ISO 9001:2015.
- Led by experienced promoters and a skilled management team with up to 30 years of industry experience.
- Possesses a proven track record of over 15 years delivering turnkey automation across industrial sectors.
- Holds strategic channel partnerships and product authorizations with global OEMs like Mitsubishi Electric.
Risks
- Revenue is geographically concentrated, with over 75% generated from Karnataka in Fiscal 2026.
- Depends entirely on a single manufacturing unit in Bangalore, making operations vulnerable to local disruptions.
- Raw material procurement is geographically concentrated, with over 84% sourced from three states in Fiscal 2026.
- Relies on a limited number of key customers, with top ten clients accounting for over 47% of revenue in Fiscal 2026.
- Generated negative net cash flow from operating activities in Fiscal 2026 due to higher working capital needs.