This company listed within the last twelve months, so its prospectus is still the primary source. The figures below were extracted from the DRHP and RHP before listing and scored then, and they are shown here as they stand in the IPO record rather than restated.
Each flag is a fact read in the filing, shown with the context that makes it meaningful.
Stated objects, as worded in the offer document. Deployment against them is tracked separately.
Claims made in the offer document, to be read against what the company has reported since.
Skytech Infinite Platform Limited (formerly Skytech Infinite Platform Private Limited) was incorporated on May 28, 2009, and acts as a turnkey industrial automation and control systems integrator. The company operates from a leased registered office and factory premises admeasuring approximately 10,000 square feet in Saitpalya, Bangalore, Karnataka, which serves as its primary assembly, integration, and testing center. Because the business is structured around custom engineering and system integration rather than high-volume manufacturing, conventional metrics like plant capacity and capacity utilization are not measured or applicable. Instead, its operations are driven by a skilled workforce of 85 employees, including a dedicated design and project engineering department. The company serves a diverse set of industrial sectors, including power, water, chemicals, pharmaceuticals, and general infrastructure. It reaches clients in domestic markets and international geographies, including footprints in Bhutan, Thailand, China, Singapore, and the USA, through authorized channel partnerships with global OEMs like Mitsubishi Electric and Endress+Hauser.
The company's primary moat lies in its strategic channel partnerships and authorizations with global OEMs like Mitsubishi Electric, Endress+Hauser, Exor, and Euroteck. This allows them to integrate multi-vendor OEM systems and provide turnkey, vendor-agnostic solutions with robust after-sales lifecycle support.
Skytech Infinite Platform Limited is engaged in providing comprehensive turnkey industrial automation and control solutions, including the design, engineering, assembly, integration, and maintenance of various types of Automation Control Panels.
Source: p. 121, 133, 134, 140
As presented in the offer document. Post-listing figures are in the statements above.
| Basis | Period | Related party revenue cr | Pat cr | Ebitda cr | Pat margin | Revenue cr | Pat margin derived |
|---|---|---|---|---|---|---|---|
| standalone | FY26 | 0 | 4.2048 | 7.1427 | 8.14% | 51.645 | yes |
| standalone | FY25 | 0 | 3.7141 | 6.1947 | 8.23% | 45.1401 | yes |
| standalone | FY24 | 0 | 1.3509 | 3.1072 | 3.06% | 44.1285 | yes |
Written before listing, answered from the document itself.
How are the fresh IPO proceeds being allocated?
All specified fresh issue proceeds are allocated to working capital requirements (₹16.8130 Cr). General Corporate Expenses and Issue Related Expenses are also part of the raise but their exact allocations are not printed.
p. 20, 82
Who are the promoters and what is their acquisition cost?
The promoters are Mr. Paramashivam Deiveekan and Mrs. Suma Deiveekan, who hold 100% pre-issue capital. Their average cost of share acquisition is ₹0.91 and ₹0.98 per share, respectively, heavily lowered by early allotments at face value (₹10.00) and a massive 10:1 bonus issue in July 2024.
p. 71, 72, 73
Are there material loans or advances given to directors in the pre-IPO period?
Yes. In FY26, Director Suma Deiveekan took a loan of ₹0.5075 Cr from the company and repaid only ₹0.0160 Cr, while Managing Director Paramashivam Deiveekan took a loan of ₹0.3000 Cr and repaid ₹0.3583 Cr.
p. 21, 58, 215
Does operating cash flow align with reported profitability?
No. While standalone PAT more than tripled from ₹1.35 Cr in FY24 to ₹4.20 Cr in FY26, Cash Flow from Operations collapsed from positive ₹3.02 Cr in FY24 to negative ₹-1.66 Cr in FY26. This decay was driven by trade receivables ballooning to ₹27.71 Cr.
p. 21, 55, 56, 191
What market structure and allotment parameters apply to this SME offer?
The offer is a 100% book-built fresh issue of up to 2,945,600 equity shares listing on the NSE EMERGE platform, with up to 1,48,800 shares reserved for the market maker, Prabhat Financial Services Ltd. Post-issue capital is structured at ₹9.82 Cr (9,820,600 shares).
p. 3, 8, 20, 52, 59, 67
What the issue priced at, on the figures in the document.
The company states that there are no listed peers in India with a business model exclusively similar to theirs, and hence no peer comparison is presented.
Source: p. 90, 91
| Date | Name | Shares | Price per share | Category | Issue type | Source |
|---|---|---|---|---|---|---|
| 2009-05-28 | Mr. Paramashivam Deiveekan | 5000 | 10 | promoter | initial | p. 71 |
| 2009-05-28 | Mrs. Suma Deiveekan | 5000 | 10 | promoter | initial | p. 71 |
| 2014-09-27 | Mr. Paramashivam Deiveekan | 45000 | 10 | promoter | rights | p. 71 |
| 2014-09-27 | Mrs. Suma Deiveekan | 45000 | 10 | promoter | rights | p. 71 |
| 2015-03-30 | Mr. Paramashivam Deiveekan | 200000 | 10 | promoter | rights | p. 71 |
| 2015-03-30 | Mrs. Suma Deiveekan | 200000 | 10 | promoter | rights | p. 71 |
| 2021-05-07 | Mrs. Suma Deiveekan | 125000 | 10 | promoter | rights | p. 72 |
| 2024-01-29 | Anki Reddy Anjaneyulu, Binil Kurikilamkattu Scaria, Jinith Nediya Parambath, Naveen Ravikumar, Vinoth Kumar Raghupati (1 share each) | 5 | 160 | other | transfer | p. 74 |
| 2024-07-19 | Mr. Paramashivam Deiveekan | 2500000 | promoter | bonus | p. 72 | |
| 2024-07-19 | Mrs. Suma Deiveekan | 3749950 | promoter | bonus | p. 72 | |
| 2024-07-19 | Anki Reddy Anjaneyulu, Binil Kurikilamkattu Scaria, Jinith Nediya Parambath, Naveen Ravikumar, Vinoth Kumar Raghupati (10 shares each) | 50 | other | bonus | p. 72 |
Ceo: Paramashivam Deiveekan (Managing Director)
Pending tax demand proceedings against the Company: GST assessment order demand under Section 73 of the GST Act of ₹0.0293 Cr (aggrieved by the demand, the Company has filed an appeal after depositing 10% of the disputed demand); Outstanding direct tax TDS demand from assessment years FY 2024-25 and FY 2025-26 of ₹0.0002 Cr. Criminal proceedings filed by the Company (cheque bouncing): 1 pending case under Section 138 of the NI Act against RKP Drives India Private Limited & Theetharamada Nanjappa Uthaiah involving a cheque of ₹0.1364 Cr. Other pending commercial litigation filed by the Company: 1 recovery suit against RKP Drives India Private Limited for recovery of ₹0.7664 Cr arising from unpaid invoices. No litigation against Promoters or Directors.
Auditor name: M/s. Ranga & Co, Chartered Accountants (Partner: CA K. Sivaguru Prasada Rao)
Skin in game: 100.00%
Auditor rpt flags: None disclosed
Auditor changed last 3y: No
Source: p. 17, 23, 25, 26, 36, 57, 60, 244-247
Trading at 8.3x earnings against its own median of 8.6x: 0.1 standard deviations below its usual range. This compares the company with its own history, not with other companies.
How to read this: Price shows the closing price with its 50-day (amber) and 200-day (grey) averages; bars at the bottom are daily volume, green on up days and red on down days; dashed lines mark the 52-week high and low. vs Nifty 50 starts both at 100 so you can see which did better over the period. P/E shows what the market paid for each rupee of profit, inside the band it usually trades in. Drawdown shows how far below its best price the share has been. Hover anywhere for the numbers on that day.
Models that need these lines are withheld rather than estimated: two comparable financial years. Nothing on this page is back-solved from a figure the company did not publish.
Set your own assumptions and watch the numbers move. A scenario calculator — the outputs are the arithmetic of your inputs.
One canonical set of figures — the same numbers used everywhere else on this page and on the screener.
How the register has moved over recent quarters — the direction matters more than the level.
Promoter held steady from 70.01% to 70.01% across these quarters.
FII held steady from 0.29% to 0.29% across these quarters.
Other rose from 29.70% to 29.99% across these quarters.
The same read, applied to the companies this one competes with.