Institutional Alpha Dossier
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MAINBOARD
SYNCING
GMP: ₹-
Est. Listing: Calculating...
IPO Execution Schedule (NSE / BSE Trading Calendar)
Syncing Schedule...
01
Bidding Opens
-
Issue Open
02
Bidding Closes
-
Closing Date
03
Basis of Allotment
-
Registrar Finalization
04
Exchange Listing
-
Secondary Debut
Issue Price Valuation
₹-
Upper Cap Price
Price Band Cap:
Book Built / Fixed
Lot Size & Retail Matrix
- Shares
Minimum Market Lot
Min Capital:
₹-
Application Size:
-
Quant Grade & Moat Score
FinReason Grade
★★★★★
FUNDAMENTALS & SPREAD
TBA
Moat / 10
Proprietary Multi-Factor Moat Model
Executive Research Verdict
Synthesizing institutional thesis...
Underlying Moat Architecture & Risk Factors
💼 MINIMUM INVESTMENT
Capital Matrix
Retail (Min Lot)
Up to ₹2 Lakhs Category
₹ 246400
HNI (Min Lot)
sNII / High Net-Worth Tier
₹ 369600
HNI Capital Multiple:
Institutional Lot Sizing
🍩 RESERVATION QUOTA (%)
Issue Allocation
100%
Total Issue
Anchor
0%
Market Maker
5.05%
QIB
0.98%
NII / HNI
46.61%
Retail
47.37%
🏛️
Institutional Corporate Dossier
Skytech Infinite Platform
COMPANY PROFILE & DNA
⏳
Incorporation / Founded
28-05-09
Active Vintage
📍
Corporate Headquarters
Bangalore, Karnataka
Registered Hub
👔 Leadership & Promoter Group
Key Management
Mr. Paramashivam Deiveekan, Mrs. Suma Deiveekan
⚙️ Business Overview & Portfolio
Core Offerings
Specializes in providing comprehensive turnkey automation solutions.
🎯 Target Market & End-Use
Revenue Drivers
To streamline industrial automation processes.
🛡️
★ Unique Selling Proposition (Core Economic Moat)
Diversified automation solution portfolio catering to manufacturing, utilities, infrastructure, and process industries.
Objects of the Issue (Use of Proceeds & Allocation)
🎯 Objective 01
Working Capital Requirements
₹ 16.81
Allocation
🎯 Objective 02
General Corporate Purposes
Balance
Allocation
🎯 Objective 03
To meet the Issue Expenses
Not Mentioned
Allocation
🎯 Objective 04
Not Mentioned
Not Mentioned
Allocation
Financial Performance & Multi-Year Trajectory
All Figures in ₹ Crores
Latest Total Income📊
₹-
Top-Line
EBITDA Margin⚡
-%
Operating
Net Profit (PAT) Margin📈
-%
Bottom-Line
Debt / Net Worth🛡️
-x
Leverage
📊 Income, EBITDA & Profit Growth Trajectory
Income
EBITDA
PAT Trend
🏛️ Balance Sheet: Net Worth vs Debt
Net Worth
Borrowing
| Particulars | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Income | 51.65 | 45.14 | 44.13 | 0 |
| EBITDA | 6.55 | 5.76 | 2.62 | 0 |
| Profit After Tax (PAT) | 4.2 | 3.71 | 1.35 | 0 |
| Net Worth | 19.02 | 14.81 | 11.1 | 0 |
| Total Borrowing | 9.25 | 5.39 | 3.9 | 0 |
Growth Engine & Compounding Velocity (KPIs)
Multi-Year Trajectory
📊 Total Sales (Revenue)
Stable
45.14
₹ Cr
YoY Growth
0.0229
3-Year CAGR
NA
⚡ EBITDA (Op. Profit)
Growing
5.76
₹ Cr
YoY Growth
1.1974
3-Year CAGR
NA
📈 Net Profit (PAT)
Growing
3.71
₹ Cr
YoY Growth
1.7495
3-Year CAGR
NA
Capital Efficiency & Return Ratios (ROE vs ROCE)
Capital Allocation Audit
◈ ROE (Return on Equity)
Calculating...
-%
Current ROE
Current Period-%
3-Year Average-%
Last Year-%
◈ ROCE (Capital Employed)
Calculating...
-%
Current ROCE
Current Period-%
3-Year Average-%
Last Year-%
| MetricMetric | Current (%)Curr% | Last Year (%)Last% | 3-Yr Avg (%)3Y Avg | Trend StatusTrend |
|---|---|---|---|---|
| ROE (Return on Equity)ROE | 0.2507 | 0.1217 | 0.1241 | Strong |
| ROCE (Capital Employed)ROCE | 0.2852 | 0.1749 | 0.1534 | Strong |
Forensic Analysis & Reality Check
Earnings Quality & Dilution Audit
0.14
CFO / EBITDA
Cash Flow Conversion Efficiency
Checking...
Analyzing operating cash flow conversion...
0.0x (Paper Profit)
70%+ Institutional Benchmark
1.0x+ (Strong Cash)
⚡ Pre-IPO vs Post-IPO Forensic Impact Meters
Post-Issue Trajectory
| Parameter | Pre-IPO | Post-IPO | View |
|---|---|---|---|
| Debt / Equity | 0.36 | 0.25 | Low |
| EPS (₹) | 3.78 | 4.28 | Accretive |
| ROE (%) | 0.2507 | 0.0991 | Bad |
| ROCE (%) | 0.2852 | 0.1233 | Bad |
| P/E (Valuation) | 20.36 | 17.98 | Reasonable |
⏳ Debtor Days Trend (Receivables Cycle)
Analyzing...
FY23
0
→
FY24
89
→
FY25
129
Lower receivable days indicate faster cash collection from clients.
⚠️ Contingent Liabilities
Off-Balance Sheet
₹ 0.91 Cr
*Potential hidden obligations & legal/tax claims
Peer Comparison Analysis & Competitive Matrix
Industry Benchmarking
| Company NameComp | Revenue (Cr)Rev | P/E RatioP/E | ROCE (%)ROCE | ROE (%)ROE | OPM (%)OPM |
|---|---|---|---|---|---|
| Skytech Infinite Platform Limited IPO CANDIDATE | 45.14 | 17.98 (Ask) | 0.2852 | 9.91% (Post Issue) | 0.1276 |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
Strategic SWOT Analysis & Risk-Reward Matrix
4-Quadrant Institutional Assessment
▲ Positive Catalysts (Strengths + Opportunities):
8 Factors
▼ Risk Vectors (Weaknesses + Threats):
8 Factors
Strengths
Internal Competitive Moat
- Diversified Product Portfolio
- Experienced Promoters & Execution Team
- Strong Domestic Presence
- Strong relationship with clients and suppliers
Weaknesses
Internal Operational Constraints
- Regional concentration of sales majorly in Karnataka
- Historical non-compliances in corporate records relating to ROC filings
- Sustained negative cash flows from operating activities in recent fiscals
- No listed peer companies for financial performance comparison
Opportunities
External Growth Tailwinds
- Expanding business footprint into new geographical markets
- Scaling operations and product portfolio expansion using IPO proceeds
- Growing demand for industrial automation and turnkey solutions
- Strengthening market credibility through timely supplier payments
Threats & Risks
External Macro & Sector Headwinds
- Intense competition from established players in the industrial automation sector
- Fluctuations in interest rates affecting cost of borrowing
- Vulnerability to changes in government economic policies
- Terrorist attacks, civil unrest, or other acts of violence in India
Top 10 Anchor Investors & Smart-Money Allocation
INSTITUTIONAL BOOK
Top 10 Anchor Commitment
₹- Cr
- of Anchor Book
Smart-Money Quality Score
- / 5.0 ★
Marquee Conviction
SEBI Anchor Lock-In Schedule
30D (50%) • 90D (50%)
Mandatory Lock-In
Anchor Book Allocation Pending Exchange Filing
Institutional anchor investor bidding & allocation disclosures are officially filed with NSE/BSE 1 working day prior to the IPO opening date.
| Rank | Marquee Anchor Institution | Smart-Money Grade | Amount Invested | Anchor Share (%) |
|---|
Institutional Lock-In Rule: 50% of anchor shares unlock 30 days post-allotment; remaining 50% unlock at 90 days.
Showing Top 10 by Capital Committed
74
Moat score of 4 reflects high B2B client stickiness with over 83% repeat revenue, offset by a fragmented industry competing with global giants, lack of intellectual property, and a highly intensive working capital cycle with debtor days rising to 196 days.
0
5.05
IPO Subscription & Book-Building Demand Matrix
NSE / BSE Book-Building Feed
Aggregate Book Subscription
-x
Syncing Book...
Analyzing category-wise oversubscription & allotment odds...
QIB vs Retail Spread
0.0x (Unfilled)
1.0x (Full Cover)
10x (Strong)
50x (High Demand)
100x+ (Blockbuster)
QIB Quota
Qualified Institutional Buyers
Smart Money
-x
Institutional Book
Inst. Conviction:
Evaluating
NII / HNI Quota
sNII (₹2L-10L) & bNII (₹10L+)
HNI Desk
-x
Non-Institutional
HNI Competition Ratio:
-
Retail (RII) Quota
Individual Investors (Up to ₹2L)
SEBI Lottery
-x
Retail Book
Retail Allotment Odds:
-
Execution Note: Subscription multiples reflect cumulative demand against shares offered in each investor category.