Skytech Infinite Platform Ltd.
SKYTECHSME
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Overview
Skytech Infinite Platform Limited designs, engineers, manufactures, installs and commissions industrial automation control panels and provides lifecycle maintenance, delivering turnkey automation solutions across sectors such as power, water, infrastructure, manufacturing, HVAC, chemicals and process industries. Skytech Infinite Platform Limited integrates PLCs, drives, switchgear and sensors into customized panel systems (including PCC, MCC, VFD, APFC, PLC, control desk, FLP and PDB panels) from its Bangalore facility and also undertakes AMC and upgrade/migration services, supported by OEM authorizations/partnerships and limited exports.
Opening Date
Aug 14, 2026
Closing Date
Aug 18, 2026
Listing Date
Aug 21, 2026
IPO Type
SME
IPO Status
Closed
Issue Size
22.68 Cr
Fresh Issue
22.68 Cr
Offer for Sale
0 Cr
Price Band
₹73 - ₹77
Lot Size
1600
IPO Timeline
Financials
Use of IPO funds
Key Performance Indicator
P/E Ratio
—
EPS
6.12
ROE
22.11%
ROCE
25.45%
RONW
22.11%
Debt to Equity Ratio
0.49
PAT Margin
8.14%
EBITDA Margin
12.87%
P/B
2.78
Bull vs Bear
Bull case
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Turnkey delivery plus ongoing maintenance can create repeat work, because customers prefer one accountable partner from design to commissioning to upkeep.
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Techno modular panel design can reduce install and rework time for clients, which can improve stickiness if it reliably fits different site layouts.
- •
Industrial automation demand is growing fast in India, so a capable panel-and-integration vendor has a bigger market to sell into over time.
Bear case
- •
Most sales come from Karnataka, so a local slowdown or stronger local competitors could hit revenue quickly before other states scale up.
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A single manufacturing site means any disruption can stop deliveries, risking project delays, penalties, and customer trust.
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Raw material buying is concentrated in a few states, so supply delays or price spikes there can squeeze margins and disrupt project timelines.
Net takeaway
The long-term story is about a turnkey automation player that can win repeat projects by combining panel manufacturing with engineering, commissioning, and maintenance. That can work well in a market where automation spending is rising, but the business is still exposed to concentration risks: Karnataka-heavy sales, a single factory, and supplier dependence. Over time, monitor whether the company diversifies revenue outside Karnataka while keeping receivables and working capital under control.
