SIPL

Skytech Infinite Platform Limited

Listed SME NSE Fresh Issue

Skytech Infinite Platform is a turnkey industrial automation solutions provider specializing in control panel manufacturing including PCC, MCC, VFD, APFC, PLC and control desk panels. The company serves diverse sectors such as power, water, energy, infrastructure, pharmaceuticals and automotive industries.

Price Band
₹73–₹77
Lot Size
1600 shares
Issue Size
₹22.68 Cr
GMP
+₹1
Est. Listing
+1.3%
Subscription
0.45×
Open Date
14 Aug
Close Date
18 Aug
Allotment
19 Aug
Listing Date
21 Aug
Min Investment
₹1,23,200

Overview

About the Company

Skytech Infinite Platform Limited, incorporated in 2009, provides comprehensive turnkey industrial automation solutions encompassing design, engineering, supply, installation, commissioning and maintenance of automation control panels. The company manufactures integrated control systems featuring PLCs, drive systems, switchgear and sensors from its 10,000 square foot facility in Bangalore, Karnataka. Its product range includes Power Control Center panels, Motor Control Center panels, Variable Frequency Drive panels, Automatic Power Factor Control panels, PLC panels and control desk panels built using a specialized 200 mm Techno Modular Design grid. The company serves power, water, energy, machine tools, infrastructure, motor management, food and beverages, HVAC, chemicals and pharmaceuticals, automotive and process industries across India and select international markets. It operates as an authorized partner for Mitsubishi Electric India, Endress + Hauser India, Exor India and Euroteck Environmental. As of March 31, 2026, the company employed 87 staff members.

Company Details

Founded
2009
Headquarters
Bengaluru, Karnataka
Industry
Industrial Automation
Employees
87
Promoter
Paramashivam Deiveekan and Suma Deiveekan
Issue Type
Fresh Issue

📋 Objects of Issue (Use of Proceeds)

  • › Working capital requirements (₹16.81 crores)
  • › General corporate purposes (₹5.87 crores)

✅ Strengths

  • ✓ Comprehensive automation portfolio including PCC, MCC, VFD, APFC, PLC and control desk panels
  • ✓ End-to-end quality assurance with ISO 9001:2015 certification for turnkey automation services
  • ✓ Experienced leadership with promoters and management possessing up to 30 years of industry expertise
  • ✓ Proven operational track record exceeding 15 years delivering automation solutions across industrial sectors
  • ✓ Strategic partnerships and product authorizations with global OEMs including Mitsubishi Electric

⚠️ Risks

  • ! Geographic revenue concentration with over 75% of fiscal 2026 revenue originating from Karnataka
  • ! Single manufacturing facility dependency located in Bangalore creating operational vulnerability to local disruptions
  • ! Raw material sourcing concentration with over 84% of fiscal 2026 procurement from three states
  • ! Customer concentration risk with top ten clients contributing over 47% of fiscal 2026 revenue
  • ! Negative operating cash flow in fiscal 2026 attributed to elevated working capital requirements