Skytech Infinite Platform Limited, a Bengaluru-based industrial automation firm, launches its IPO on August 14, seeking up to ₹22.68 crore to expand operations and strengthen its order book, amid steady recent financial growth.
Skytech Infinite Platform Limited, a Bengaluru-based industrial automation company, is set to open its initial public offering on August 14 and close it on August 18, with plans to list on the NSE Emerge platform. The book-built issue will offer up to 2,945,600 equity shares in a price band of ₹73 to ₹77 each, giving the company a total issue size of as much as ₹22.68 crore. The lot size has been fixed at 1,600 shares. IPO Platform’s review of the deal says the offering is aimed at supporting the company’s next phase of growth.
According to the company’s announcement, Skytech Infinite plans to use up to ₹16.81 crore of the proceeds for working capital, a common pressure point for engineering and project-driven businesses that must fund inventory, labour and execution before receiving full payment. The rest will go towards issue expenses and general corporate purposes, subject to regulatory limits and final pricing. Finshore Management Services is the book-running lead manager, while Integrated Registry Management Services is the registrar.
Skytech Infinite describes itself as a turnkey provider of automation systems, covering design, engineering, manufacturing, supply, installation, commissioning and maintenance of control panels and integrated control systems. Its products include PCC, MCC, VFD, APFC, PLC and control desk panels, and it says it works across manufacturing, utilities and infrastructure. The company also says it has relationships with global industrial names including Mitsubishi Electric, Exor India, Endress+Hauser and Euroteck.
The company’s latest financial figures point to steady growth. IPO Platform’s review says total income rose 15.34% in FY26 to ₹52.14 crore, while profit after tax increased 13.21% to ₹4.20 crore. Revenue from operations climbed to ₹51.65 crore and EBITDA reached ₹6.65 crore, helped by higher volumes, new contracts and stronger business from existing customers. Managing Director Paramashivam Deiveekan said the IPO would strengthen working capital and help the business take on larger projects.
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