OUR BUSINESS
Polymatech Electronics is India’s first opto-semiconductor chips Manufacturer (source: CARE Edge Report), beginning with opto-semiconductor chips production in 2019 by using latest European and Japanese technologies to provide quality products to meet international standards. Our products are present in areas where photonics, or the science of light waves, play a significant role. As on the date of this Draft Red Herring Prospectus, our products are divided into two categories.
- Fully packaged Opto-Semiconductor Chips in the form of COB, HTCC, MLCC, LTCC, etc. “Opto-Semiconductor Chips” or “Chips”.
- Luminaries. Our state-of-the-art manufacturing facility is located in Tamil Nadu at SIPCOT (State Industries Promotion Corporation of Tamil Nadu Limited) HiTech SEZ (Special Economic Zone), Oragadam, Sriperumbudur, Kancheepuram, Tamil Nadu. We have also purchased a BTS (Built to Suit) facility in Krishnagiri, Tamil Nadu through a sale deed dated August 22, 2023, for setting up our second plant.
POLYMATECH ELECTRONICS LIMITED IPO DATE & PRICE BAND DETAILS
| IPO Open Date | April 8, 2024 ( Tentative) |
|---|---|
| IPO Close Date | April 10, 2024(Tentative) |
| IPO Size | Approx ₹- Crores |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹- Per Every Share |
| Lot Size | -Shares |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
POLYMATECH ELECTRONICS LIMITED IPO MARKET LOT DETAILS
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | -- | ₹ |
| Retail Maximum | 13 | -- | ₹ |
| S-HNI Minimum | 14 | -- | ₹ |
| B-HNI Minimum | 68 | -- | ₹ |
OBJECT OF ISSUE
- Purchase of new machinery towards enhancing our existing facility at Oragadam, Kancheepuram, Tamil Nadu.
- General corporate purposes.
POLYMATECH ELECTRONICS LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)
| IPO Open Date | 8 April, 2024 |
|---|---|
| IPO Close Date | 10 April, 2024 |
| Basis of Allotment | April, 2024 |
| Refunds | April, 2024 |
| Credit to Demat Account | April, 2024 |
| IPO Listing Date | April, 2024 |
POLYMATECH ELECTRONICS LIMITED FINANCIAL REPORTS
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2023 | ₹651.62 | ₹484.99 | ₹167.77 |
| 2022 | ₹128.08 | ₹93.04 | ₹34.27 |
| 2021 | ₹47.19 | ₹39.94 | ₹6.29 |
QUALITATIVE FACTORS
- India’s first Opto-Semiconductor Chips manufacturer.
- Poised to capture growth of opto-semiconductor chips market.
- Competitive products offerings backed by strong research.
- Strong focus on R&D with a State-of-the-Art infrastructure.
- Strong Board and Management Team.
- Strong and consistent financial performance along with no institutional debt.
OUR COMPANY PROMOTER
- Mr. Eswara Rao Nandam
- Ms. Uma Nandam
- Mr. Vishaal Nandam
POLYMATECH ELECTRONICS LIMITED COMPANY CONTACT DETAILS
Plot OZ-13, SIPCOT Hi-Tech SEZ,
Oragadam, Kancheepuram, Tamil Nadu –
602105, India
EMAIL: Public@polymatech.in
TELEPHONE: +919489127000
Contact Person: Badri Prasad Mahapatro
Webiste: www.polymatech.in
POLYMATECH ELECTRONICS LIMITED IPO REGISTAR
Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
About Polymatech Electronics-
Polymatech Electronics focused on providing superior quality semiconductor chips, and luminaries that consume less energy, generate less heat and still more efficient to help the world meet its sustainability goals. Our customers include multi-national corporations some of which are Fortune 1000 companies.
Polymatech Electronics luminaries are installed at various factories including Shin-Etsu, Japan, Vishay Precision Group, Stanley, Lohman, Okaya, Japan, AMRL Hitech City (JV with Tamil Nadu Industrial Development Corporation Limited), ASPEN Infra (formerly Suzlon Infrastructure Ltd), Mori Mura, Japan; airports such as Coimbatore airport of Everrise Electric; Stadiums such as Sawai Mansingh Stadium; gurudwaras such as Banglasaheb, New Delhi and temples such as Parthasarathi Temple, Chennai. Semiconductors industry is divided into four stages primarily –
- design
- fabrication
- packaging
- assembly into final product.
We primarily operate in design and packaging stage. Presently, the assembly into final product is done only for the luminaries used in large area lighting. Our key product wise revenue is set out below:
- Photosynthesis lighting for horticulture.
- Aquaculture lighting.
- UV light for operation theaters for surgeries.
- Sanitization Lighting for food processing industry.
- Lights used in Endoscopy and Laparoscopy equipment.
- Li – Fi (Light fidelity) equipment for transmitting data through light.
Polymatech Strengths-
Polymatech, is India’s first opto-semiconductor chips manufacturer. As per the report of CARE Edge there are no peers of Polymatech with similar product profile in India. The journey of our company’s chip manufacturing started in the year 2018 after the acquisition of entire share capital of our company by its current promoters. The manufacturing plant at Oragadam, Tamil Nadu is based on 6 acres of leased land, leased from State Industries Promotion Corporation of Tamil Nadu, and is having 1,47,000 Sft. of factory building area. Our Promoter, Mr.
Eswara Rao Nandam, with a vision to work in semiconductors and specially opto-semiconductor chips, acquired our company and along with his son Mr. Vishaal Nandam, started developing a product that has no peer in India. We designed and developed our first opto-semiconductor chip in the year 2019. In the Fiscal 2019-20, we sold our products to Fortune 1000 Companies listed on the NYSE (New York Stock Exchange).
Polymatech Risk Factor-
We have described the risks and uncertainties that our management believes are material, but these risks and uncertainties may not be the only ones we face. Some risks may be unknown to us and other risks, currently believed to be immaterial, could be or become material. In making an investment decision, prospective investors must rely on their own examination of our business and the terms of the Issue, including the merits and risks involved.
