Skytech Infinite Platform

Incorporated in 2009, Skytech Infinite Platform Limited provides turnkey industrial automation solutions covering design, engineering, supply, installation and commissioning, and maintenance of a wide range of control panels. The company specializes in manufacturing automation control panels that integrate PLCs, drive systems, switchgear, and sensors to enhance process efficiency and operational performance, functioning as centralized systems for managing and monitoring industrial machinery.

The company's product portfolio includes PCC panels, APFC panels, MCC panels, VFD panels, PLC panels, and control desk panels, serving diverse industries including power, water, energy, machine tools, infrastructure, motor management, food and beverages, HVAC, chemicals and pharmaceuticals, automotive, and process industries.

Skytech Infinite Platform is an authorized partner of Mitsubishi Electric India Private Limited, Endress + Hauser (India) Private Limited, Exor India Pvt. Ltd., and Euroteck Environmental (P) Limited, lending credibility and technical depth to its automation offerings. The company is promoted by Paramashivam Deiveekan and Suma Deiveekan, and as of March 31, 2026, employed 87 people, with its registered office, factory, and warehouse located in Bengaluru, Karnataka.

The Skytech Infinite Platform IPO is a bookbuilt SME issue aggregating up to ₹23 crore, comprising entirely a fresh issue of shares with no offer-for-sale component. The issue is priced in a band of ₹73 to ₹77 per equity share, with a lot size of 1,600 shares, and opens on August 14, 2026, closing on August 18, 2026, with listing expected on August 21, 2026 on the NSE SME platform.

Net proceeds from the fresh issue are earmarked primarily for working capital requirements, estimated at ₹16.81 crore, with the remainder allocated to general corporate purposes. The company has shown steady financial growth, with total income rising from ₹44.15 crore in FY24 to ₹52.14 crore in FY26, and profit after tax growing from ₹1.35 crore to ₹4.20 crore over the same period.

At the upper price band, the issue implies a post-issue EPS of ₹4.28, with a Return on Net Worth of 22.11% and a Debt/Equity ratio of 0.49 reflecting moderate leverage. Key strengths cited include authorized partnerships with global automation majors like Mitsubishi Electric and Endress + Hauser, a diversified customer base across power, water, energy, and process industries, and an experienced promoter-led management team. Key risks include reliance on partner-brand authorizations for key product lines, exposure to industrial capex cycles, and typical execution risk for a small-cap SME issue. Investors may find it useful to benchmark this issue against other recently listed industrial automation and control panel-sector SME IPOs when evaluating its relative valuation.