The Highness Microelectronics will raise ₹22 crore from its IPO. The issue has 18,06,000 shares with a nominal value of ₹10. The IPO will take bids starting on March 24, 2026. The applications have to be placed before the bidding window closes on March 27, 2026. The shares allotment is scheduled for March 30, 2026. The listing of shares on BSE SME is proposed to be done on April 2, 2026.
The lots of this offering have 1,200 shares. The price of shares is set between ₹114 and ₹120. The minimum application for retail participants begins at 2 lots, which will require an amount of ₹2,88,000. The sNII category must place applications for 3 lots with ₹4,32,000. The bNII investors will have to apply with ₹10,08,000 for 7 lots.
Highness Microelectronics IPO Details
The given table outlines the important particulars of this issue:
| Particulars | Details |
| Bidding Starts | March 24, 2026 |
| Bidding Ends | March 27, 2026 |
| Face Value | ₹10 per share |
| Issue Type | Bookbuilding Issue |
| Price Band | ₹114 to ₹120 |
| Issue Price | – |
| Listing at | BSE SME |
| Lot Size | 1,200 Shares |
| Fresh Issue | 15,62,400 shares (₹19 Crore) |
| Offer for Sale(OFS) | 1,52,400 shares (₹2 Crore) |
| Total Issue | 18,06,000 shares (₹22 Crore) |
| Minimum Investment | ₹2,88,000 |
Highness Microelectronics IPO Timeline
The key dates associated with this offering are as follows:
| Particulars | Details |
| Bidding Starts | March 24, 2026 |
| Bidding Ends | March 27, 2026 |
| Allotment Expected On | March 30, 2026 |
| Initiation of Refunds | April 1, 2026 |
| Demat Credit of Shares | April 1, 2026 |
| Listing Scheduled | April 2, 2026 |
| UPI mandate cut-off | 5:00 p.m. on March 27, 2026 |
Highness Microelectronics Key Performance Indicators
The Highness Microelectronics key performance indicators (KPIs) are presented below:
| KPIs | FY23 | FY24 | FY25 |
| ROE (%) | 29.85 | 82.30 | 47.09 |
| ROCE (%) | 49.76 | 75.02 | 42.09 |
| Debt Equity (times) | 0.80 | 0.34 | 0.74 |
| RoNW (%) | 29.85 | 82.30 | 47.09 |
| PAT Margin (%) | – | – | – |
| EBITDA margin (%) | 32.35 | 55.73 | 32.11 |
| Price Book Value | – | – | 6.37 |
Highness Microelectronics Financials
The vital financial figures of Highness Microelectronics are as follows:
| Particulars (in ₹ thousands) | 2023 | 2024 | 2025 |
| Revenue | 99,072.21 | 1,09,933.67 | 1,41,738.10 |
| Total Assets | 47,827.49 | 82,038.87 | 1,43,054.20 |
| Profit | 4,434.85 | 23,879.62 | 25,226.00 |
Subscription Status of the Highness Microelectronics IPO
As the bidding window for the Highness Microelectronics IPO is yet to commence, subscription details are not available at this stage. The information will be updated once the issue opens on March 24, 2026.
Bids may be placed between 10:00 AM and 5:00 PM during the subscription timeline.
Highness Microelectronics IPO Grey Market Premium Today
The Highness Microelectronics IPO is trading at a premium of ₹0 in the informal market. It reflects muted interest from the investors. The premium has remained stable, and based on current levels, the IPO will likely list around ₹120, with no gains.
| GMP Date | GMP | Estimated Listing Price | Estimated Profit | Last Updated |
|---|---|---|---|---|
| 20-03-2026 | ₹7  | ₹127 (5.83%) | ₹8400 | 20-Mar-2026 18:58 |
| 19-03-2026 | ₹4  | ₹124 (3.33%) | ₹4800 | 19-Mar-2026 23:31 |
Note: The GMP is based on unofficial market transactions and can vary depending on demand and investor sentiment.
Highness Microelectronics IPO Reservation
The offering is reserved in the given structure for various investor groups:
| Investor Category | Reservation |
| Market Maker Shares | 91,200 (5.05%) |
| QIB Shares | 8,53,200 (47.24%) |
| NII (HNI) Shares | 2,59,200 (14.35%) |
| Retail Shares | 6,02,400 (33.36%) |
| Total Shares | 18,06,000 (100.00%) |
Lot Size of the Highness Microelectronics IPO
The bids submission must comply with the following lot sizes:
| Type of Investor | Lots | Shares | Amount |
| Individual Investors (Minimum) | 2 | 2,400 | ₹2,88,000 |
| Individual Investors (Maximum) | 2 | 2,400 | ₹2,88,000 |
| S-HNI (Minimum) | 3 | 3,600 | ₹4,32,000 |
| S-HNI (Maximum) | 6 | 7,200 | ₹8,64,000 |
| B-HNI (Minimum) | 7 | 8,400 | ₹10,08,000 |
Highness Microelectronics IPO Anchor Investors
Information about the anchor investor in this issue is presented in the following table:
| Particulars | Details |
| Anchor Bidding Opens | March 24, 2026 |
| Shares Offered | 5,11,200 |
| Portion Size | 60% of the QIB portion |
| 50% Shares Lock-in (30 Days) | April 29, 2026 |
| Remaining shares Lock-in (90 Days) | June 28, 2026 |
Prospectus of the Highness Microelectronics IPO
You can access these documents if you’re looking for additional details on this offering:
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | – |
| Final Prospectus | – |
About Highness Microelectronics
Highness Microelectronics was established as a private company in September 2007 in Mumbai. It later transitioned to a public company in 2024. The company focuses on building, enhancing, and producing digital imaging products tailored for different industries and use cases. The business is divided into two segments:
- Off the shelf: Display Controller Board, Vacuum Fluorescent Displays, TFT-LCD Module, Electro Luminescent Displays, Touch Screens, etc.
- Specific Solutions / Projects: Railways, Defence & Aerospace, Medicine & Healthcare, and Industrial Automation.
The managing director, Gaurav Manjul Kejriwal, along with the promoters Manjul Kumar Kejriwal and Shruti Gaurav Kejriwal, drives innovation and strategic growth.
| Registrar To Offer | Skyline Financial Services |
| Lead Manager | Fintellectual Corporate Advisors |
Objectives of the Highness Microelectronics IPO
The fund generated via this offering will be directed to meet these objectives:
| S. No. | Particulars | Amount (in ₹ thousand) |
| 1. | Assembly Line Setup | 52,675.18 |
| 2. | Working Capital Needs | 67,090.55 |
| 3. | Repayment of Loans | 18,909.45 |
| 4. | General Corporate Purposes | – |
Strengths of Highness Microelectronics
Here are the major factors that support Highness Microelectronics’ competitive edge:
- Quality Systems and Certifications: The company delivers reliable products under ISO quality standards. Each product undergoes strict testing, which ensures customer satisfaction.
- Tailored Solutions: Highness Microelectronics provides customised solutions that meet specific client needs. Close collaboration with customers refines product usability and supports lasting business ties.
- Established Client Network: The business has built a loyal client network that results in order repetition and predictable revenue. Many customers continue to return, which helps in growth and maintains a stable base for earnings.
- Product Durability: The company makes robust display solutions engineered to survive challenging situations. The products are made to withstand extreme temperatures, vibrations, and outdoor environments, making them reliable.
Risks of Highness Microelectronics
Study the risk factors before making an investment in the Highness Microelectronics IPO.
- Raw Material Availability: Many of the raw materials are imported. Operational consistency and profit margins remain vulnerable to gaps in procurement or price volatility.
- Employee Attrition: The company has faced significant employee turnover. Continued attrition may increase hiring and training costs and lead to loss of skilled talent, which negatively impacts productivity.
- Single Production Unit: The operations are carried out from a single manufacturing unit. Utility issues, equipment failure, natural events, or regional disturbances could halt production.
- Leased Premises: The company operates from a leased office and factory. Non-renewal of leases or disputes may disrupt operations, result in higher costs, and require relocation. This affects business continuity and efficiency.
Highness Microelectronics IPO Review
Participating in this IPO allows involvement in a business on a clear growth trajectory, supported by robust operations, a strong client base, and industry certifications. However, the GMP is flat, suggesting limited listing gains in the short run. There are also risks like dependence on imports, turnover of workers, and operational challenges.
Overall, it may suit investors who are comfortable with some risk, but it is better to evaluate the fundamentals and stay cautious while considering this issue.
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Highness Microelectronics IPO FAQs
Highness Microelectronics IPO is a book-built SME issue worth ₹22 crore. It includes a fresh issue of ₹19 crore and OFS of ₹2 crore.
You can apply through your bank using the ASBA facility or through a stockbroker using UPI. Applications can be submitted while the bidding period is open.
The IPO shows growth potential with improving financials, but risks like import dependence and employee attrition exist. It may suit investors with a moderate risk appetite, but careful evaluation is recommended.
Current GMP is ₹0, indicating no expected listing gains. Returns will depend on subscription demand and overall market conditions at the time of listing.
The IPO will open for subscription on March 24, 2026, and will close on March 27, 2026.
The minimum lot size is 1,200 shares. Retail investors must apply for at least 2 lots (2,400 shares), requiring an investment of around ₹2,88,000.
The allotment of shares is expected to be finalised on March 30, 2026.
The shares are scheduled to be listed on April 2, 2026, on the BSE SME platform.
