When will the IPO Come to Raise the Polymatech Share Price?
You have come to the right place to know when the IPO will come to raise the Polymatech share price. Polymatech, a Japanese company bought by BITS alums in Chennai, became the first opto semiconductor in India to make human lives simple, lively, beautiful, vibrant, and colorful. Since 2007, Polymatech, a semiconductor chip manufacturing company, has helped to create many electronic devices, from computers to automobiles, smartphones to medical equipment, etc. It allows India’s technological advancement and economic development by reducing the dependence on imports of semiconductor chips. Polymatech CEO and MD confirmed coming out with an IPO by the end of 2024 to raise from 750 to 1,500 crore rupees to expand its manufacturing capacity from the existing two units in Tamil Nadu.
Continue reading this blog until the end to know more about the IPO details to rise the Polymatech Electronics share price in the short and long term to reap huge profits.
When to expect the IPO to rise the Polymatech Electronics share price?
In 1947, Fuji Rubber Co Ltd in Japan became Fuji Polymatech in 1991 to start Polymatech Electronics in Tamil Nadu in 2007. It became India’s lighting scientists for the past one and half decades to also become the first semiconductor chips to be the base of making many electronic devices. In 2018, the Japanese and Malaysian share capital of Polymatech Electronics was bought by the Nandam family to diversify and expand its business exponentially. ,Polymatech makes many products, including memory chips, microcontrollers, wireless, logic, LED, and other chips. It makes all these high-quality, high-quality products per customers’ demand and budget in its two plants in Kancheepuram and Krishnagiri in Tamil Nadu.
For expanding the LED semiconductor chips manufacturing capacity from 300 million per year to over 2 billion by the end of 2024. Hence, Polymatech has partnered with technological innovators in many countries in Europe, Japan, and the US to have unique designs. So, the semiconductor chips made by Polymatech are useful in different industries, from automotive to autonomous vehicles. Also, in making smartphones, computer systems, etc., it is useful in making home and industrial IoT or the Internet of Things for witnessing dramatic effects in agriculture and manufacturing many devices to make life easy and simple. In April 2024, Polymatech Electronics partnered with Orbray of Japan to supply Sapphire ingot growing technologies with spectacular results for the FY 2023 to increase revenue many times from 126 crores in 2022 to around 650 crores. Hence, Polymatech Electronics’ share price is on the rise, with expectations of an IPO coming out before 2025.
The above facts confirm the announcement of the CEO and MD Nandam that the IPO will come by the end of 2024 as it will coincide with over 2 billion LED semiconductor chips along with more stunning results in FY 2024 to raise the Polymatech share price for yielding high profits. Stockify revolutionises stock trading with its intuitive interface and powerful features. Offering real-time market data, personalised insights, and seamless trading capabilities, Stockify caters to investors of all levels. Whether you’re a beginner seeking guidance or an experienced trader looking for advanced tools, Stockify provides the resources needed to make informed decisions and maximise returns. Simplify your investment journey and take control of your portfolio with Stockify today.