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
ParameterPre-IPOPost-IPOView
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
4 Drivers
  • Diversified Product Portfolio
  • Experienced Promoters & Execution Team
  • Strong Domestic Presence
  • Strong relationship with clients and suppliers
Weaknesses Internal Operational Constraints
4 Factors
  • 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
4 Vectors
  • 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
4 Risks
  • 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 (%)
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: -
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