Skytech Infinite Platform IPO is an SME IPO raising ₹23 Cr at ₹73 – ₹77 a share. It listed on 21 Aug 2026 at ₹74, −3.9% against its issue price of ₹77, and trades at ₹29 today (−61.9% since issue). It was subscribed 3.10× in total.
3.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Read from the 329-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 13 specific to this company; 126 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
We majorly sell our products in the state of Karnataka. For the financial year March 31, 2026, March 31, 2025 and March 31, 2024, our sales in Karnataka were 75.39%, 63.13% and 58.34% respectively.
Our Company depends upon a Single Manufacturing Unit, making us vulnerable to local disruptions and operational failures.
Form PAS-3 Increase of paid up capital from 1 Lacs to 10 Lacs (Revised) 27-09-2014 15-04-2025 27-10-2014 3823
Presently, our Company is using logo ... which is not registered under the Trade Marks Act, 1999. Our Company has filed applications for registration of the said logo under Classes 7, 9 and 42 ... on November 14, 2025. The status of the aforesaid applications is currently reflected as "Formalities Chk Pass".
revenue from existing customers contributed 83.91%, 83.98% and 66.95% of our revenue from operations, while revenue from new customers contributed 16.09%, 16.02% and 33.05%
procurement from Karnataka, Maharashtra and Haryana together accounted for approximately 84.56%, 91.71% and 90.25% respectively, of our total purchases
As of March 31, 2026, March 31, 2025, and March 31, 2024, our trade receivables were ₹2,771.24 lakhs, ₹1,592.56 lakhs and ₹1,077.50 lakhs, respectively
Insurance Coverage as a percentage of Total Tangible Assets (in %) 42.53% 31.99% 43.18%
We operate as an authorized channel partner, distributor, system integrator, or solution provider for various companies. ... these arrangements are generally subject to the discretion of the respective principals and may be modified, suspended, or terminated at any time.
After completion of the Issue, our Promoters will collectively own 70.01% of the total post issue Equity Shares. As a result, our Promoter will be able to exercise a significant degree of influence over us ... Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
Net cash generated/(used) from operating activities (165.61) 80.69 302.38
We have provided security in respect of loans / facilities availed by us ... by creating a charge over our plant and machineries, stock, fixed deposits, Book Debts and Moveable Assets. The total amount outstanding ... as secured loans were ₹ 963.04 lakhs as on 31st March, 2026.
None of our Directors have prior experience of directorship in a company listed on any recognised stock exchange. ... This lack of direct exposure to the compliance and governance framework applicable to listed entities may create challenges as the Company transitions to a public company environment.
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 1 | 3 | 2 | ₹0.9 Cr |
| Promoters | 0 | 0 | 0 | — |
| Directors | 0 | 0 | 0 | — |
Skytech vs. RKP Drives India Pvt Ltd & Theetharamada Nanjappa Uthaiah - Commercial suit (Com.O.S. 901/2024) for recovery of Rs. 76,64,354 in unpaid invoices; currently at Evidence stage
GST demand of Rs. 2,92,998 under Section 73 of GST Act, 2017 - Company filed appeal with Appellate Authority on 11 Feb 2026 after depositing 10% of disputed demand
TDS demands: Rs. 170 for FY 2024-25 (paid 20/09/2025, still on portal) and Rs. 1,870 for FY 2025-26 (combined Rs. 0.02 lakh as per tax table)
PAS-3 e-Form non-compliance under Section 39 of Companies Act, 2013 (incorrect reporting of allotments dated 27/09/2014, 30/03/2015 and 07/05/2021) - Adjudication application pending with RoC since 07/05/2025
Amounts converted from Rs. lakh to Rs. crore (1 crore = 100 lakh). No subsidiaries or group companies exist. No outstanding litigation against promoters/directors or KMP/senior management. The 1 criminal proceeding is filed BY the company (zero filed against). The 2 'other' proceedings cover 1 regulatory action (PAS-3 non-compliance with RoC) and 1 commercial suit filed by the company. Tax count = 2 direct tax (TDS) + 1 indirect tax (GST) = 3. No explicit grand total stated in the prospectus; aggregate amount for company bucket computed from stated individual amounts (~Rs. 0.93 crore).. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
