polymatech drhp

Polymatech, is India’s first opto-semiconductor chips manufacturer (source: CARE Edge Report), beginning with opto-semiconductor chips production in 2019 by using latest European and Japanese technologies to provide quality products to meet international standards. 

Polymatech products are present in areas where photonics, or the science of light waves, play a significant role. As on the date of this Draft Red Herring Prospectus, our products are divided into two categories (i) Fully packaged Opto-Semiconductor Chips in the form of COB, HTCC, MLCC, LTCC, etc. 

“Opto-Semiconductor Chips” or “Chips” and (ii) Luminaries. Our state-of-the-art manufacturing facility is located in Tamil Nadu at SIPCOT (State Industries Promotion Corporation of Tamil Nadu Limited) Hi-Tech SEZ (Special Economic Zone), Oragadam, Sriperumbudur, Kancheepuram, Tamil Nadu. Polymatech have also purchased a BTS (Built to Suit) facility in Krishnagiri, Tamil Nadu through a sale deed dated August 22, 2023, for setting up our second plant.

We are involved in the designing, fabricating, manufacturing, packaging and assembly of opto-semiconductor chips in house which are sold directly to our customers as well as used in our luminaries assembly.

Polymatech is focused on providing superior quality semiconductor chips, and luminaries that consume less energy, generate less heat and still more efficient to help the world meet its sustainability goals. 


1) The issue of INR 7500 Cr. comprises of entirely fresh issue and no offer for sale.

2) Polymatech has also raised a Pre-IPO Placement aggregating up to ₹ 15,000 Lakhs, prior to filing of the Red Herring Prospectus with the RoC.

3) Equity Shares outstanding prior to the Issue (as at the date of this Draft Red Herring Prospectus) are 7,96,87,775 Equity Shares




Polymatech customers include multi-national corporations some of which are Fortune 1000 companies. Polymatech luminaries are installed at various factories including Shin-Etsu, Japan, Vishay Precision Group, Stanley, Lohman, Okaya, Japan, AMRL Hitech City (JV with Tamil Nadu Industrial Development Corporation Limited), ASPEN Infra (formerly Suzlon Infrastructure Ltd), Mori Mura, Japan; airports such as Coimbatore airport of Everrise Electric; Stadiums such as Sawai Mansingh Stadium; gurudwaras such as Banglasaheb, New Delhi and temples such as Parthasarathi Temple, Chennai.
Semiconductors industry is divided into four stages primarily – (i) design, (ii) fabrication, (iii) packaging and (iv) assembly into final product. We primarily operate in design and packaging stage. Presently, the assembly into final product is done only for the luminaries used in large area lighting

Apart from the above products Polymatech have also developed and completed trials of multiple other products as mentioned below –

• Photosynthesis lighting for horticulture

• Aquaculture lighting

• UV light for operation theaters for surgeries

• Sanitization Lighting for food processing industry

• Lights used in Endoscopy and Laparoscopy equipment

• Li – Fi (Light fidelity) equipment for transmitting data through light

Polymatech  has one facility located in Oragadam (Kancheepuram), Tamil Nadu and we are in the process to setup our second plant in Krishnagiri, Tamil Nadu which we purchased as BTS (Built to Suit) facility through a sale deed dated August 22, 2023. As on the date of Draft Red Herring Prospectus, all the chip manufacturing and the luminaries assembly is conducted in Oragadam (Kancheepuram), Tamil Nadu plant with the help of two lines of machinery imported from Japan/ USA with a capacity of 300 mpa chips which enable us in bringing efficiencies and economies of scale. Our modern and state-of-art manufacturing facility at Oragadam (Kancheepuram), Tamil Nadu, is equipped with high quality machinery inside class 10,000 clean room – (for maintaining humidity and temperature at certain levels) and based on an anti-static floor to avoid the generation of any kind of static electricity. The clean room is cooled by centralized dual air conditioning units of two 200 TR each. Our manufacturing process is very delicate, and even a short power outage or voltage instability can impact the process. For 100% power backup, we have installed three gensets of capacity 125 KVA, 200 KVA and 500 KVA. Also, as per the Memorandum of Understanding dated February 26, 2021, signed by government of Tamil Nadu and the letter dated May 05, 2020, we have been assured uninterrupted power supply on best effort basis


Global Opto-Semiconductor Market

The global opto-semiconductor market was estimated at USD 37,088 Mn (₹ 2.73 Lakh Crores) in 2018 and has grown at a CAGR of 4% to USD 43,780 Mn (₹ 3.32 Lakh Crores) in 2022. The global opto-semiconductor industry is expected to reach USD 59,224 Mn (₹ 4.87 Lakh Crores) by 2028, growing at a CAGR of 5.4% from 2022 to 2028. The growth is expected to be driven by growth in downstream industries like automotive sector, lighting both in community areas and households. Also, the growth of artificial Intelligence and automation of processes in all walks of life will also drive the demand globally. Globally, Japan, Taiwan and Southeast Asia are the main producers of opto-semiconductors with Japan being the largest producers of opto-semiconductors and China being the largest consumer of opto-semiconductors. (Source: CARE Edge Report

Indian opto-semiconductor market

The Indian opto-semiconductor market was estimated at USD 1,515 Mn (₹ 0.11 Lakh Crores) in 2018 and has grown at a CAGR of 12% to USD 2,344 Mn (₹ 0.18 Lakh Crores) in 2022. The market of opto-semiconductor in India is expected to reach USD 5,351 (₹ 0.44 Lakh Crores) Mn by 2028, growing at a CAGR of 15% from 2022 to 2028. The developments in this sector are expected to be driven by increased investment, supportive policies by the Government and increase in demand by the end-user industries. Currently, India is nearly entirely reliant on imports of opto-semiconductors. Presently, China, Singapore, Japan, Germany, South Korea, Thailand, the United States, Malaysia, Vietnam and France are the top countries for opto-semiconductor imports to India. (Source: CARE Edge Report)








1) You can buy Polymatech Pre-IPO shares at bharatinvest and invest early when the company is growing

2) You can daily check Polymatech share price at bharatinvest portal and track your portfolio.

3) Buy Polymatech Unlisted shares at best price at bharatinvest.

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