Homegrown semiconductor chip manufacturing company in India, Polymatech Electronics Ltd, has recently filed its draft papers with the Securities Exchange Board Of India (SEBI) to raise Rs. 750 crores via its Initial Public Offering (IPO), which will be a fresh issue. Whenever any unlisted company releases its IPO, a significant impact can be seen on its unlisted shares.
Since Polymatech has also applied draft papers with SEBI, a curiosity and craze among retail investors has been noticed. If you're too excited to know about Polymatech IPO, read this blog till the end. We will cover every information about the company and its IPO here. Let's start now.
Why Is Polymatech Raising Rs. 750 Crore Via Its IPO?
Polymatech Electronics Ltd. has filed a draft with SEBI to raise Rs. 750 crore through its IPO. The company's IPO will comprise a fresh issue of equity shares with a face value of Rs. 10 each; this amount will be raised via the book-building route. Also, there will be no offer-for-sale (OFS) component in this issue.
As per the draft filing, the company will use Rs. 566 crore to purchase new machinery and to enhance its current facility at Oragadam near Kancheepuram in Tamil Nadu. The remaining amount will be used for general corporate purposes. You must know that the company has appointed Khambatta Securities Ltd as the sole book-running lead manager for the issue. Further, the equity shares of the company will be listed on NSE and BSE.
Additionally, the company is working on setting up a second plant in Krishnagiri in Tamil Nadu, which was acquired as a Built to Suit (BTS) property via a sale deed dated August 22, 2023. One thing is clear: Polymatech, a semiconductor chip manufacturer in India, will expand its business operations via IPO. It will impact the prices of Polymatech pre-IPO stocks in the unlisted share market.
Financial Performance Of The Company For FY 22-23
With the surging demand for LED semiconductor chips in different industries, the company has generated high revenue from its operations. The company's recorded revenue for FY23 was Rs. 6,497 million compared to the previous year, which was recorded at Rs. 1,264 million in FY22. Further, the company's EBITDA stood at Rs. 1,861 million in FY23, against Rs. 404 million in FY22. This shows the positive performance of the company in the last year.
As per the report shared by CARE Advisory Research And Training Limited, the global semiconductor market is predicted to reach USD 59,224 Mn (₹ 4.87 lakh crore) by 2028, growing at a CAGR of 5.4% from 2022 to 2028. With such a positive prediction, Polymatech will also witness huge expansion and growth in its business operations in the future. So this shows that the future of the company seems to be bright. This allows retail investors to buy its unlisted shares.
Polymatech Business Overview
The Chennai-based company Polymatech started its journey towards designing and producing opto semiconductor chips in 2019. The company uses European and Japanese technologies to manufacture semiconductor chips. Polymatech generally manufactures products in two categories: opto semiconductor chips and luminaries. The solutions offered by the company are used in various industries for vast-area lighting, specifically in commercial spaces. To boost its business operation, the company plans to expand its manufacturing capacity from 300 million chips per year to 20 billion chips per year by 2024. This company expansion is significant to accommodate the surging demand for its semiconductor chips.
Should You Invest In Polymatech Unlisted Shares?
Polymatech is a leading semiconductor chip manufacturer in India. The company has recorded remarkable growth since its inception. Also, the company earned substantial revenue and profit growth in recent years. Undoubtedly, the company will grow well in the coming years, giving retail investors an opportunity to invest in its unlisted shares. If you want to diversify your investment portfolio and earn high revenue, Polymatech unlisted shares are an excellent investment option. You can make your trading process seamless with the best unlisted shares brokers in India.
If you're looking for the best brokers in India, Stockify is here to help. We're a leading stock broking platform in India with a team of expert brokers who help retail investors buy and sell top unlisted shares in India. Our brokers will guide you throughout the trading process and make your investment hassle-free. Just connect with the expert brokers today at Stockify.
Frequently Asked Questions
1. What is the market capital of Polymatech Electronics Pvt Ltd. company?
Ans. Polymatch is a semiconductor chip manufacturer in India whose market capital is available at Rs. 50,260 million.
2. What is the current price of Polymatch unlisted shares in India?
Ans. Currently, Polymatech pre-IPO stocks are available at Rs. 669 per equity share. However, the prices fluctuate based on the company's performance and market trends.
3. Where do I get the updated price of Polymatch unlisted shares?
Ans. You can count on Stockify to check the daily prices of Polymatech or any other company's unlisted shares. Our expert brokers keep a keen eye on market trends and the company's performance and update the prices regularly.
4. Is Polymatech a listed company?
Ans. No, Polymatech is not a listed company yet; however, it has filed draft papers with SEBI to raise Rs. 750 crore through its Initial Public Offerings (IPO).
5. Which is the best platform to trade in unlisted shares in India?
Ans. You can trust Stockify, which is the best stock broking platform in India. The expert brokers at Stockify help retail investors buy and sell unlisted shares of top pre-IPO companies in India. Connect with the us today.
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