DRHP Filed

Document Summary

Polymatech Electronics Limited Draft Red Herring Prospectus Summary:

Overview: Polymatech Electronics Limited, originally incorporated in 2007, is an Indian opto-semiconductor chip manufacturer. The company is issuing up to [] equity shares, with a face value of Rs. 10 each, at a price decided through book building. The issue aims to aggregate up to ₹75,000.00 lakhs. National Stock Exchange (NSE) is the designated stock exchange.

Company Operations:

• Design, fabrication, manufacturing, packaging, and assembly of opto-semiconductor chips in-house.
• Products include fully packaged Opto-Semiconductor Chips (COB, HTCC, MLCC, LTCC) and Luminaries.
• State-of-the-art manufacturing facility in Tamil Nadu.
• Second plant being set up in Krishnagiri, Tamil Nadu.

Issue Details:

• Fresh Issue: Up to [] Equity Shares.
• Pre-IPO Placement: Company may consider a pre-IPO placement, reducing the fresh issue size if undertaken, subject to compliance with regulations.
• Face Value: Rs. 10 per equity share.
• Price Band & Minimum Bid Lot: To be decided in consultation with the Book Running Lead Manager (BRLM).
• Allocation: Not more than 50% of the Issue for QIBs, not less than 15% for Non-Institutional Bidders, and not less than 35% for Retail Individual Bidders.
• Bidders: Must participate through ASBA process (except Anchor Investors).

Risk Factors:

• Being a new entrant in Opto-Semiconductors industry and dependence of revenue on a limited number of customers.
• Dependence on Technical Knowhow, Experience and Skill of Board and Key Managerial Personnel and need for skilled manpower.

Objects of the Issue:

• Purchase of new machinery towards enhancing existing facilities: ₹56,572.49 Lakh.
• General corporate purposes.

Financial Information:

Key Financial Data (₹ in Lakhs):

| Particulars | March 31, 2023 | March 31, 2022 | March 31, 2021 | | :------------------------- | :----------------- | :----------------- | :----------------- | | Revenue from Operations | 64,902.00 | 12,587.31 | 4,501.37 | | Net Worth | 31,806.30 | 6,894.21 | 3,467.40 | | Profit After Tax | 16,776.62 | 3,426.81 | 628.83 | | Total Borrowings | 4,097.49 | 4,156.53 | 2,647.59 |

Key Industry Trends & Position:

• India's First Opto-Semiconductor Chips manufacturer.
• Global opto-semiconductor market is expected to grow to USD 59,224 Mn by 2028.

Legal and Regulatory Matters:

• Mentions various circulars related to UPI payment methods and investor applications.
• The company is subject to general corporate laws, securities regulations, taxation, and industry-specific regulations.
• No material contingent liabilities.

Management and Promoters:

• The Promoters are Mr. Eswara Rao Nandam, Ms. Uma Nandam, and Mr. Vishaal Nandam.
• Details key managerial personnel and their experience.
• Board of directors includes independent directors.

Other Information:

• Details material contracts and documents available for inspection.
• The summary contains forward-looking statements subject to various risk factors.
• Khambatta Securities Limited is the lead manager to the offer.
• Registrar to the offer is Link Intime India Private Limited.
• The issue will be 100% Book Built Offer.

This summary provides a high-level overview of the information contained in the Polymatech Electronics Limited Draft Red Herring Prospectus. Investors are advised to read the entire document and consult with their financial advisors before making any investment decisions.