Polymatech Expansion: 99-Year Lease, Rs 550 Cr Investment & IPO Plans

India’s leading semiconductor manufacturer, Polymatech Electronics, announced the execution of a 99-year lease for additional land in SIPCOT Medical Park. This facility in Chennai is located near Polymatech’s current manufacturing facility in Oragadam.

How Does This Newly Secured Land Help Polymatech?

This new secured land spanning 4.45 acres in SIPCOT will help Polymatech expand the development of its medical device infrastructure. After a strong market reception of Polymatech’s latest medical device innovations, the company has designated Rs 550 crore towards this expansion.

Once the plant is completed, it will manufacture a range of advanced medical devices, thus increasing India’s strength in manufacturing high-end electronics and healthcare devices. This facility is also expected to generate employment for around 100 young engineers, adding to regional skill and economic development.

Polymatech MD And CEO Mr. Eswara Rao Nandam’s Statement

“Securing this additional land in close proximity to our Oragadam facility reflects our commitment to scaling advanced medical device manufacturing in India. With strong global validation of our innovations, this expansion will enable us to respond with speed, precision, and quality to growing market needs.” Polymatech also expresses its sincere appreciation to SIPCOT and the Government of Tamil Nadu for their expeditious support in facilitating the land allotment within weeks of the company’s request, underscoring the state’s commitment to enabling advanced manufacturing investments.

Polymatech’s Latest Invested Projects

• Rs 550 crores for expansion of medical device manufacturing infrastructure in SIPCOT near Oragadam.

• Rs 1,143 crore in the next 5 years for a semiconductor manufacturing facility in Nava Raipur, Chhattisgarh. (Read More Here)

• Entry into the Middle East and North Africa (MENA) region with a significant funding round of $16.2 million from investors in Bahrain. (Read More Here)

• Joint venture in France for a water fabrication facility, with a joint investment of €100 million. (Read More Here)

Polymatech Is Going Beyond Just Semiconductors

The above investments suggest that Polymatech is not just focusing on expanding in semiconductors but also in other electronics and medical device manufacturing. Thus, choosing where they are able to innovate, create technological assets, and build a better business.

Details on Polymatech upcoming IPO plans

Polymatech is planning for an IPO in FY2026, planning to raise a massive amount of Rs 10,000 crore and targeting a Rs 1 lakh crore valuation. The previous Polymatech IPO attempt got shelved in 2023. 
(Source: Financial Express)

How To Buy Polymatech Pre-IPO Shares Safely?

As of 31st March, 2026, the Polymatech unlisted share price is trading at Rs 63 per share. You can safely buy Polymatech pre-IPO shares through Stockify.