Polymatech Electronics Unlisted Shares
Polymatech Electronics files draft paper for ₹750-crore IPO
The Hindu Business Line
2 min read
Polymatech Electronics files draft paper for ₹750-crore IPO.
Expert Analysis
India’s first opto-semiconductor chips manufacturer, Polymatech Electronics, has filed documents with SEBI to raise ₹750 crore through an initial public offering (IPO).
The IPO consists of a fresh issue of equity shares with a face value of ₹10 each and will use the book-building route with no offer-for-sale (OFS) component.
It intends to allocate ₹566 crore to purchase new machinery for enhancing its facility in Oragadam, Tamil Nadu & use the remaining funds for general corporate purposes.
Polymatech, incorporated in 2007 & headquartered in Chennai, was a foreign company that Eswara Rao Nandam and Uma Nandam later acquired through share purchase agreements.
It initiated designing and producing opto-semiconductor chips and luminaries using European and Japanese technologies in 2019.
It offers lighting solutions for commercial spaces and diversifies into sectors like medical, data transmission, and specialized lighting.
They design and manufacture opto-semiconductor chips in Oragadam and have acquired a second facility in Krishnagiri, Tamil Nadu.
Revenue stands at ₹649 crore in FY23 (PY:₹126 crore)
PAT stands at ₹168 crore in FY 2023(PY:₹34 crore)
The additional capital infusion will scale up production, meet increasing demand & potentially lead to higher revenues for the company.
Precize Daily Pulse
The latest news in the world of Unlisted Shares, summarised by our experts.
Company
Our Office
Office No. 1219, The Summit Business Park, Andheri Kurla Road, Andheri East, Mumbai, Maharashtra - 400093
Find us on Googlesupport@precize.in
+91 7738336457
All trademarks and logos or registered trademarks and logos found on this Site or mentioned herein belong to their respective owners and are solely used for informational and educational purposes.
The material presented in this advertisement is for informational purposes only and should not be construed as investment advice or investment availability. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular unlisted share, security, strategy, or investment product. Investing in the private market and securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Market trends, data interpretations, graph projections are provided for informational and illustrative purposes and may not reflect actual future performance. Nothing on this website should be construed as personalized investment advice or should not be treated as legal, financial, or any other form of advice. Precize is not liable for financial or any other form of loss incurred by the user or any affiliated party based on information provided herein.
Precize is neither a stock exchange nor does it intend to get recognized as a stock exchange under the Securities Contracts Regulation Act, 1956. Precize is not authorized by the capital markets regulator to solicit investments. The securities traded on these platforms are not traded on any regulated exchange.
The website will be updated regularly.
Copyright © 2026 - Precize - All Rights Reserved