Skytech Infinite Set to Launch ₹22 Crore SME IPO on August 14 to Propel Ambitious Automation Initiatives.

Bengaluru-based Skytech Infinite Platform is poised to enter the public market with its Rs 22.68 crore initial public offering (IPO), opening on August 14 and closing on August 18. This offering comprises an entirely fresh issue of 29.45 lakh equity shares, which will be listed on the NSE Emerge, with the tentative listing date set for August 21. The price band for this IPO is fixed at Rs 73-77 per equity share, with a minimum lot size of 1,600 shares, making it an accessible entry point for small to mid-sized investors looking to diversify their portfolios.

The company’s management, led by MD Paramashivam Deiveekan, has emphasized that the net proceeds from the IPO, estimated at Rs 16.81 crore, will primarily be used to enhance working capital and support the execution of larger project requirements. Furthermore, funds will address issue-related expenses and general corporate purposes. Skytech Infinite’s business model focuses on delivering comprehensive industrial automation solutions, attempting to bolster its market share within manufacturing, utilities, and infrastructure sectors, which are of great strategic importance to India’s economic growth.

Market sentiment surrounding the IPO has been cautiously optimistic, as Skytech Infinite’s financials depict steady growth; the company reported a 15.34% year-on-year increase in total income to Rs 52.14 crore for FY26, alongside a 13.21% rise in profit after tax. This positive performance signals potential for investor returns. Given the current trends in the Indian IPO market, Skytech Infinite’s listing could attract interest from institutional and retail investors alike, as the emphasis on automation and technology continues to carve a significant niche in India’s evolving economy.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)