Polymatech Electronics is an Indian electronics and semiconductor company focused on making advanced electronic components used in products like telecom equipment, mobile devices, industrial systems and communication hardware. The company works with semiconductor chips, printed circuit boards (PCBs), and other core electronic parts. It started with a small investment but has grown its business through manufacturing and technology partnerships. Recently the company has been in the news for its plans to raise capital through an Initial Public Offering (IPO). Polymatech is preparing to file draft papers this year for a large IPO of around ₹10,000 crore. The funds are expected to help expand manufacturing capacity in India and abroad, and support its shift toward broader electronics products. Earlier, it had filed a smaller IPO plan to raise about ₹750 crore but postponed it as priorities changed. On the manufacturing side, Polymatech has also commissioned a new PCB plant in Estonia, Europe, which can produce high‑density multi‑layer PCBs for use in advanced electronics like defence equipment, smartphones and telecom gear. This reflects its effort to grow not just in India but in global markets. In India, Polymatech has laid the foundation for a semiconductor plant in Nava Raipur, Chhattisgarh, focused on making Gallium Nitride (GaN) chips — a type of semiconductor used in 5G and future network technologies. This project is part of broader industry efforts to build domestic chip manufacturing capacity. Overall, the company is expanding manufacturing, working toward a major IPO, and increasing its role in chip and PCB production in India and overseas.