Earned only Rs 6 crore in 2021, profit increased 26 times in 2023, IPO is going to open soon, keep money ready

According to CARE Edge Report, Polymatech Electronics is India's first opto-semiconductor chip manufacturing company. In 2019, it started manufacturing international level opto-semiconductor products with European and Japanese technology. It generated revenue of Rs 47.19 crore in 2021, of which Rs 6.29 crore was profit after tax (PAT). In 2022, revenue was Rs 128.08 crore and PAT was Rs 34.27 crore. In 2023, there was a profit of Rs 167.77 crore out of the revenue of Rs 651.62 crore.

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The date of IPO of Polymatech Electronics has not been revealed yet. Nor has its associated gray market premium been revealed. As soon as there is an update about it, you will be given complete information about it on PressNews24, which will also include information about GMP as well as the date of allotment and listing of shares.

What will the company do by raising money?
According to the information received so far, the company is bringing this issue so that it can buy new machines for the facility located in Kanchipuram, Tamil Nadu. According to the DRHP (Draft Red Herring Prospectus) filed by Polymatech on the exchange, its products are divided into 2 categories. First- Fully packaged opto-semiconductor chips, which are in the form of COB, HTCC, MLCC, LTCC etc. These are called opto-semiconductor chips or chips. Second- Luminaries. Talking about the promoters of Polymatech Electronics, three names mainly come to the fore. These include Ishwar Rao Nandam, Uma Nandam, and Vishal Nandam.

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Let us tell you that Polymatech Electronics manufactures superior quality semiconductor chips and luminaries. The special thing about these chips and luminaries is that they consume very less energy and produce less heat.

If we talk about the company's customers, there is a long list. The names of some companies are included in the Fortune 1000 of the world. Luminaires from Polymatech Electronics are used in companies like Shin-Itsu, Japan, Visaya Precision Group, Stanley, Lohman, Okaya, Japan, AMRL Hitech City, ASPEN Infra, Mori Mura, Japan etc.

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