Overview

Polymatech Electronics Limited was incorporated in 2007 as a subsidiary of Polymatech Company Limited, Japan. It is a leading technology company dedicated to delivering innovative electronic solutions. They are pushing the boundaries of technology and creating products that make a difference. It specializes in providing cutting-edge electronics design and development solutions to meet the evolving needs of its customers.

The Company ensures the highest level of precision in their manufacturing process. The company is the first opto-semiconductor chips manufacturer in India. They have a manufacturing facility in Kancheepuram, Tamil Nadu, and have bought a BTS (Built to Suit) facility in Krishnagiri, Tamil Nadu. The products of the company are categorized as fully packaged opto-semiconductor chips and luminaries, which are LED lights used for commercial purposes.

Polymatech share price and the Polymatech Electronics share price are of particular interest to investors, especially in light of their strong growth trajectory. The Polymatech unlisted share price is also something that is of interest, given that the company is planning to go public shortly, and thus it is relevant to those who are interested in Polymatech unlisted shares and their future IPO.

Sectors

Consumer electronics: Chips for TVs, wearables, and other household devices are designed by Polymatech.

Mobile devices: Low-power and high-performance chips for smartphones and tablets are also designed by Polymatech.

Medical: Polymatech's opto-semiconductor chips are used in medical applications.

Lighting: Polymatech's opto-semiconductor chips are used in large-area lighting and cell phone backlights.

Food sanitization: Polymatech makes opto-semiconductor chips, which are used in food sanitization.

Photonics: The company has revolutionized photonics, which is essential for technologies involving light, in domains like quantum computing, optical communication, and industrial measuring tools.

Clientele

• TSMC

• BROADCOM

• AMD

• INTEL

• SAMSUNG

• APPLE

• NASA

• SONY

• TESLA

• SPACEX

• FORD

• GOOGLE

• MITSUBISHI

• MICRON

• CISCO

Board of Directors

• Mr. Eswara Rao Nandam, Managing Director

• Ms. Uma Nandam, Executive Director

• Mr. Vishaal Nandam, Executive Director

• Mr. Rapala Virtanen Tarja Hannele, Independent Director

• Mr. Ryan Alexander Young, Independent Director

• Ms. Selvamani Shri Janani Independent Director

Shareholding Pattern

IPO Details

Polymatech plans to raise Rs.1500 Crores through an Initial Public Offering (IPO) by the year's end. In October 2023, the Draft Red Herring Prospectus (DRHP) was filed by the company to raise Rs.750 Crores, but the IPO size has now doubled.

The company plans to refile the DRHP with the Securities and Exchange Board of India (SEBI) using their financials from either March or June. In FY24, Polymatech witnessed a significant revenue surge, doubling from Rs.650 Crores in FY23 to Rs.1200 Crores, boasting a PAT margin of 25%.

Listing Status

DRHP Filed

Dividend Details

No details Provided by the company regarding the Dividend.

Collaboration with Orbay

Currently, Polymatech signed an agreement with Orbray, a Japanese company for collaboration. This leading Indian manufacturer of opto-semiconductors and chip modules is now entering into wafer fabrication. The company plans to become a fully integrated semiconductor company.

Under the MoU, Sapphire Ingot growing technologies will be supplied to Polymatech by Orbray Co. This step is crucial and will help Polymatech Electronics in achieving its vision of becoming a fully integrated end-to-end semiconductor company. The company has finalized the procurement of Sapphire Ingot growing and wafer fabrication machinery, planned to be installed at Polymatech by March 2025.  Polymatech engineers will be the Orbray Co. at their facility in Japan.

This partnership may prove to be a significant step in the growth of the company. It will drive innovation and open up new avenues for technological advancement.

Subsidiaries

As of the date of this Draft Red Herring Prospectus, our Company does not have any subsidiaries.

Registered Office

The Registered Office of the company is in Kancheepuram, Tamil Nadu, India.

Recent News

Polymatech is a leading player in semiconductor manufacturing and has a strong presence in India and global business operations in the USA, Singapore, Bahrain, UK, and UAE. It announced the signing of a Memorandum of Understanding (MoU) with ECM Group, a globally recognized leader in advanced microelectronics and semiconductor technologies to establish a Joint Venture Company in Grenoble, France. The new venture will focus on producing sapphire ingots and wafers, key materials for advanced semiconductor devices.

The proposed Joint Venture Company will establish its manufacturing operations in Grenoble, known as the Silicon Valley of Europe which is a crucial hub for semiconductor technology in Europe. Grenoble is home to key industrial entities and prime research institutions. This shows that Polymatech focuses on accelerating growth in the semiconductor industry. These initiatives are being taken by Polymatech, aimed at expanding its global manufacturing footprint while maintaining a robust financial position. This state-of-the-art facility will serve as Polymatech's premier high-volume production hub for sapphire wafers, utilizing the cutting-edge Greentech technologies from both Polymatech and ECM Group.