Opto-semiconductor maker Polymatech Electronics plans public listing in India, US

Oragadam, Tamil Nadu-based Polymatech Electronics is exploring a public listing in India and the US to fund the next phase of its semiconductor and consumer electronics expansion. The company is in talks with merchant bankers to proceed with its IPO.Founded in 2007, Polymatech Electronics specializes in the design and packaging of opto-semiconductors. The company intends to use the capital raised through the public offering to fuel its expansion efforts in the semiconductor and consumer electronics sectors.The planned public offering is expected to support a USD 500-600 million investment push for the company’s semiconductor operations. The firm aims to leverage these funds to scale its manufacturing capabilities and advance its semiconductor business.