India’s Semiconductor company Polymatech Electronics is going to bring its IPO and raise funds through its public issue. Polymatech Electronics is a big name in the semiconductor business of India. The company is all set to get listed in the Indian market. Polymatech Electronics DRHP has been filed to SEBI in October 2023. Read the Polymatech Electronics IPO date, review, price band, issue size, and grey market premium details.
Polymatech Electronics was established in 2007 and it was the first semiconductor chips manufacturer in India. As per the details, the face value will be ₹10 for each equity share of Polymatech Electronics. In 1947 December, the company was started with the name Fuji Rubber Co., Ltd and later the name changed to Fuji PolymatechCo., Ltd. In 1997, the company name changed to Polymatech Co., Ltd. The Nandam Family purchased Polymatech Electronics in the year 2018 through a Share Purchase Agreement.
The revenue from operations during the financial year 2023 was ₹6,49,02,000. The company has marked the sales of semiconductor chips of ₹481,02,00,000 and sales of LED Luminates ₹1,68,00,00,000.
As per the Polymatech Electronics DRHP details, the issue size is upto ₹75,000.00 lakhs in which the company will bring the fresh issues of equity shares. Currently, there are no details related to the offer for sale (OFS) in this IPO.
Polymatech Electronics date is expected to be announced soon. We can expect the Polymatech Electronics IPO to open by the mid-year of 2024. However, you will get an update about this IPO through our website Industrial Front.