Skytech Infinite Platform Limited (formerly known as Skytech Infinite Platform Private Limited) was originally incorporated on May 28, 2009, in Bangalore, Karnataka, and subsequently converted into a public limited company on July 09, 2024. The company’s core value proposition lies in providing comprehensive turnkey industrial automation solutions, encompassing the design, engineering, supply, assembly, installation, commissioning (I&C), and maintenance of specialized Control Panels from conceptualization to completion. Its underlying business model centers on acting as a vendor-agnostic system integrator. The company partners with premium global original equipment manufacturers (OEMs) such as Mitsubishi Electric India, Phoenix Contact, and Emerson Automation Solutions to design and engineer robust control configurations that combine Programmable Logic Controllers (PLCs), variable frequency drives (VFDs), human-machine interfaces (HMIs), sensors, and low-voltage switchgear.
Catering to diverse, capital-intensive industries, the company serves key client segments across Power, Water, Energy, Machine Tools, Infrastructure, Motor Management, Food & Beverages, HVAC, Chemicals & Pharmaceuticals, Automotive, and Process Industries. Skytech targets institutional B2B customers, maintaining deep commercial relationships with both private-sector corporate firms and public-sector government undertakings, such as Karnataka Power Corporation Limited (KPCL). Demographically and geographically, while its primary execution and assembly operations are concentrated in Karnataka, the company has a national delivery presence across major Indian industrial hubs and a growing global project footprint, having successfully executed and commissioned automation solutions in select international markets including Bhutan, Thailand, China, Singapore, and the USA.
The company’s primary operational base is situated at its registered office and assembly unit located in Lingarajapuram, Bangalore, Karnataka, which measures approximately 11,200 square feet (comprising a 5,000 sq. ft. corporate design office and a 6,200 sq. ft. panel integration and testing shop). This infrastructure is supplemented by a rented warehouse measuring 6,200 square feet at Sri Rama Oil Mill Compound in Bangalore. Crucially, because Skytech functions strictly as a customized design, assembly, and service-oriented integration business rather than an automated mass-production factory, traditional installed manufacturing capacity and capacity utilization metrics (such as MTPA) are not applicable to its operations. The company’s output is instead governed by its experienced engineering manpower, in-house technical design capabilities, and project mobilization velocity.
Skytech has established notable in-house design and quality control capabilities, operating a dedicated Simulation Lab where engineers perform comprehensive pre-dispatch software testing and simulation of PLC logic configurations to ensure seamless integration and field reliability. Key operational highlights include a 15-year history of ISO-certified operations and a string of major OEM recognitions, such as being named "Star Channel – No. 1 in Sales" by GE Intelligent Platforms and receiving the "Special Recognition Emerging Partner" award from Mitsubishi Electric. Additionally, the company has steadily optimized its procurement costs by executing a strategic shift in its HMI panel sourcing from Emerson to Mitsubishi Electric, which was substantially completed in Fiscal 2026 and has significantly bolstered its material purchase efficiencies.
As per financial performance, Skytech Infinite Platform Limited has posted total income / net profits of Rs 44.15 Cr / Rs 1.35 Cr (FY24), Rs 45.21 Cr / Rs 3.71 Cr (FY25) and Rs 52.14 Cr / Rs 4.20 Cr (FY26). So as per previous financials data, the company has shown steady top-line growth and a significant margin-led profitability expansion, with total income growing at an 8.68% CAGR and profit after tax rising at a 76.35% CAGR over the last three fiscals, although total borrowings increased from Rs 3.90 Cr in FY24 to Rs 9.25 Cr in FY26 to support its expanding operational scale. Also negative cash flow in FY26, stretched debt collection cycle (196 days in FY26), slow revenue growth (8.18%) are Company has an average EPS of Rs 5.19 and average RoNW of 21.44% for the last three fiscals. Based on the pre-issue book value, the issue is priced at a Pre-Issue P/BV of 2.78 as per NAV of Rs 27.66 as on 31.03.26. Factoring in the fresh issue proceeds, the Post-Issue P/BV stands at 1.81. If we attribute the latest earnings of FY24, FY25, and FY26 to the expanded equity base post-issue, then the asking price is at a Post-Issue P/E of around 55.98, 20.36, and 17.98 respectively. As per RHP, a comparison between listed peers shows there are no publicly listed companies in India with an exclusively similar business model, which means there is no direct listed peer comparison available in the RHP.
On BRLM's front, Finshore Management Services Limited is associated with this IPO, and has handled 23 IPOs in the past. From last 10 IPOs, six opened below issue price and remaining all opened above issue price or at par, on the day of listing. As of now, from the last 10 IPOs, seven are trading below the issue price and the remaining three are trading above the issue price or at par. (as on 11.08.26)
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