Bengaluru-based Skytech Infinite Platform is launching its ₹22.68 crore initial public offering on August 14, with the issue closing on August 18. According to reports from The Economic Times, the IPO consists entirely of a fresh issue of 29.45 lakh equity shares with a price band of ₹73-77 per share. The company's shares are proposed to be listed on the NSE Emerge platform with a tentative listing date of August 21. As per the latest reports, the final share allotment structure is scheduled to be officially confirmed on August 19, 2026, with refund initiation on August 20, 2026 and credit of shares on August 20, 2026. The lot size has been fixed at 1,600 shares for the IPO.
As reported by The Economic Times, the net proceeds of ₹16.81 crore from the fresh issue will be utilized to meet working capital requirements. A portion of the proceeds will also be allocated for issue-related expenses and general corporate purposes. According to Paramashivam Deiveekan, MD at Skytech Infinite Platform Ltd, the proposed IPO will strengthen working capital position and support the company's ability to execute larger project requirements while expanding presence across target markets. The company plans to expand its customer base, strengthen presence across manufacturing, utilities and infrastructure sectors, and pursue opportunities in new geographies.
According to The Economic Times, Skytech Infinite Platform provides turnkey industrial automation solutions, covering design, engineering, manufacturing, supply, installation, commissioning and maintenance of automation control panels and integrated control systems. The company operates with an asset-light operational model, focusing on precision assembly rather than heavy fixed-asset manufacturing, which allows for operational agility while maintaining specialized capabilities. This operational structure enables the company to pursue growth opportunities while maintaining financial flexibility.
As reported by The Economic Times, the company demonstrated strong financial growth in FY26. Total income increased by 15.34% year-on-year to ₹52.14 crore in FY26 from ₹45.21 crore in FY25. Profit after tax grew 13.21% to ₹4.20 crore from ₹3.71 crore in the previous fiscal. The improved performance was attributed to higher operational volumes, new contracts and increased offtake from existing customers. According to the latest financial data, PAT surged dramatically from ₹1.35 crores in FY24 to ₹4.20 crores in FY26, representing a remarkable multi-year growth trajectory. EBITDA increased from ₹3.09 crores in FY24 to ₹6.65 crores in FY26, with the EBITDA margin widening from 7.00% in FY24 to 12.87% in FY26. The company achieved a 100% success rate in government tenders and benefited from high-margin projects like the KPCL Coal Handling Plant yielding a 43.79% gross margin.
According to The Economic Times, Finshore Management Services serves as the sole book-running lead manager for the IPO. The company's shares will be listed on the NSE Emerge platform, targeting the small and medium enterprise segment of the stock market. As per the latest reports, the Price-to-Earnings (P/E) ratio for Skytech Infinite Platform is 12.58x, based on its FY26 EPS of ₹6.12 and the upper price band of ₹77 per share. The company reports a highly robust Return on Net Worth (RoNW) of 22.11% for FY26, which underscores efficient capital utilization. Total assets grew from ₹26.00 crores in FY24 to ₹47.57 crores in FY26, with trade receivables comprising ₹27.71 crores (58.2% of total assets). The company maintains total borrowings of ₹9.25 crores in FY26, predominantly short-term secured bank borrowings to bridge liquidity gaps, pushing the Debt-to-Equity ratio up slightly to 0.49x.
