Polymatech Electronics, India’s first opto-semiconductor chip manufacturer, has filed for a ₹750 crore IPO to upgrade its machinery and expand its production capacity. The company, which started producing opto-semiconductor chips in 2019, has seen a significant growth in its revenue and profit in the last fiscal year. The company aims to become one of the largest chip manufacturers in Asia by 2025, with a projected revenue of $12 billion by 20301. The company’s IPO is expected to attract investors who are interested in the Electrical Equipment industry, which is growing at a CAGR of 5.4% from 2022 to 20282. The company’s opto-semiconductor chips are used in various applications such as automotive, lighting, communication, and medical devices. The company has a state-of-the-art facility in Oragadam, Kancheepuram, Tamil Nadu, where it designs, develops, tests and manufactures its chips in-house. The company also has a facility in Krishnagiri, Tamil Nadu, for setting up its second plant. The company is led by Eswara Rao Nandam and Uma Nandam, who have more than three decades of experience in the manufacturing and assembling sectors. The company’s IPO comprises a fresh issue of equity shares (face value Rs 10 each), aggregating to an issue size of up to Rs 750 crore2. There will be no offer-for-sale component. The company has appointed Khambatta Securities as the book-running lead manager and Link Intime India Private as the registrar to the issue. The equity shares of the company are proposed to be listed on the NSE and BSE2. This is a scoop on Polymatech Electronics’ IPO filing, based on the information available from various sources. For more details, please visit the links provided below.