Skytech Infinite Platform IPO
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Skytech Infinite Platform IPO details
Schedule of Skytech Infinite Platform
| Issue open date | 14 Aug 2026 |
| Issue close date | 18 Aug 2026 |
| UPI mandate deadline | 18 Aug 2026 (5 PM) |
| Allotment finalization | 19 Aug 2026 |
| Refund initiation | 20 Aug 2026 |
| Share credit | 20 Aug 2026 |
| Listing date | 21 Aug 2026 |
| Mandate end date | 02 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 17 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 16 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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 select international markets.
Financials of Skytech Infinite Platform
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 22.68 |
| Fresh Issue – Proceeds go to the company | 22.68 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 16.81 (74.13%) |
| General corporate purposes | 5.87 (25.87%) |
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.