Allotment

The Highness Microelectronics IPO is a book-built issue worth ₹21.67 crores. It comprises a fresh issue of 0.17 crore shares amounting to ₹19.84 crores and an offer for sale of 0.02 crore shares aggregating to ₹1.83 crores.
The IPO will open for subscription on March 24, 2026, and close on March 27, 2026. The allotment is expected to be finalized on March 30, 2026. The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of April 2, 2026.
The price band for the issue has been set at ₹114 to ₹120 per share. The lot size is 1,200 shares. Retail investors are required to apply for a minimum of 2 lots (2,400 shares), amounting to ₹2,88,000 at the upper price band. For HNI investors, the minimum application size is 3 lots (3,600 shares), totaling ₹4,32,000.
Fintellectual Corporate Advisors Pvt. Ltd. is the book-running lead manager to the issue, while Skyline Financial Services Pvt. Ltd. serves as the registrar. Rainbow Securities Pvt. Ltd. is acting as the market maker.
₹1200%
Open
HIgh - Low
Previous Close
Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
IPO. Close
IPO. Price
IPO Market price
| IPO Date | 2 Apr |
| IPO Listing Date | 2 Apr |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹120.00 |
| IPO Issue Size | 18,06,000 shares |
| IPO Sale Type | Fresh capital cum OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 35,10,000 shares |
| IPO Open Date | 24 Mar |
| IPO Close Date | 27 Mar |
| IPO Allotment (Tentative) | 30 Mar |
| Refunds | 1 Apr |
| Credit to Demat Account | 1 Apr |
| IPO Listing Date | 2 Apr |
| Category | Offer |
|---|---|
| QIB Shares Offered | 8,53,200 Shares |
| NII (HNI) Shares Offered | 2,59,200 Shares |
| Retail Shares Offered | 6,02,400 Shares |
Investors must bid for at least 2,400 shares, and additional bids must be made in multiples of 1,200 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,88,000 |
| S-HNI (Min) | 3 | 3,600 | ₹4,32,000 |
| S-HNI (Max) | 6 | 7,200 | ₹8,64,000 |
| B-HNI (Min) | 7 | 8,400 | ₹10,08,000 |
Incorporated in 2007, Highness Microelectronics Limited is an ISO 9001:2015 and ISO 13485:2016 certified company engaged in the design, development, assembly, and manufacturing of digital imaging solutions.
The company offers two primary categories of products:
1. Off-the-Shelf Products:
These include flat panel displays such as TFT and LCD modules, display controllers, electroluminescent and vacuum fluorescent displays, touch screens, cable assemblies and harnesses, backlight drivers and inverters, and display enhancement solutions.
Display enhancement solutions offered by the company include features such as high brightness for outdoor and sunlight visibility, wide temperature tolerance for harsh environments, EMI shielding for critical operations, NVIS (night vision) compatibility, optical bonding for improved clarity, and vandal-proof cover glass with anti-glare, anti-reflection, and anti-smudge properties.
2. Market-Specific Solutions / Projects:
The company provides customized display monitors in formats such as open-frame, panel-mount, industrial-grade, and medical-grade. These solutions cater to various industries, including industrial automation, medical and healthcare, transportation (trains, metros, and automobiles), as well as surveillance and defence.
Competitive Strengths:
| Assets | 24.03 | 14.31 | 8.2 |
| Total Income | 14.41 | 14.17 | 10.99 |
| Profit After Tax | 3.41 | 2.52 | 2.39 |
| EBITDA | 5.55 | 4.52 | 5.97 |
| Net Worth | 10.03 | 6.62 | 4.1 |
| Reserves and Surplus | 6.52 | 3.11 | 4.09 |
| Total Borrowing | 8.2 | 4.93 | 1.38 |
| ROE | 40.97% |
| ROCE | 36.88% |
| Debt/Equity | 0.82 |
| RoNW | 40.97% |
| PAT Margin | - |
| EBITDA Margin | 39.26% |
| Price to book value | 4.2 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 5.27 |
| 2 | To meet out the expenses of Working Capital Requirement | 6.71 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Highness Microelectronics Ltd. Address
Office 1C3, 1st Floor, Gundecha Onclave,
Kherani Road, Saki Vihar,
Andheri (East),
Mumbai, Maharashtra, 400072
022-28507123
cs@highnessmicro.com
IPO Registrar
Skyline Financial Services Pvt.Ltd.
02228511022
ipo@skylinerta.com
https://www.skylinerta.com/ipo.php