Bookbuilding IPO | ₹22 Cr | Listed at BSE SME | Tue, Mar 24, 2026 - Fri, Mar 27, 2026
Highness Microelectronics IPO is a book build issue of ₹21.67 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to ₹19.84 crores and offer for sale of 0.02 crore shares aggregating to ₹1.83 crores.
Highness Microelectronics IPO bidding started from Mar 24, 2026 and ended on Mar 27, 2026. The allotment for Highness Microelectronics IPO was finalized on Mar 30, 2026. The shares got listed on the BSE SME on Apr 2, 2026.
Highness Microelectronics IPO is set final issue price at ₹120 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,88,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,32,000.
Fintellectual Corporate Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rainbow Securities Pvt.Ltd..
Refer to Highness Microelectronics IPO RHP for detailed Information.
IPO Open
Tue, Mar 24, 2026
IPO Close
Fri, Mar 27, 2026
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹61.96 Cr
| IPO Date | 24 to 27 Mar, 2026 |
| Listed on | Thu, Apr 2, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,06,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 91,200 shares Rainbow Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 15,62,400 shares (agg. up to ₹19 Cr) |
| Offer for Sale | 1,52,400 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 17,14,800 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 35,10,000 shares |
| Share Holding Post Issue | 51,63,600 shares |
| BSE Script Code | 544741 |
| ISIN | INE1KI801019 |
Highness Microelectronics IPO comprises a total issue size of 18,06,000 shares. The net offer to the public is 17,14,800 shares, after excluding 91,200 shares allotted on a firm basis. Of the Net offer 8,53,200 (49.76%) are allocated to QIB, 2,59,200 (15.12%) allocated to NII 6,02,400 (35.13%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,53,200 | 49.76% | 47.24% |
| − Anchor Investor Shares Offered | 5,11,200 | 28.31% | |
| − QIB (Ex. Anchor) Shares Offered | 3,42,000 | 18.94% | |
| NII (HNI) Shares Offered | 2,59,200 | 15.12% | 14.35% |
| − bNII > ₹10L | 1,72,800 | 9.57% | |
| − sNII < ₹10L | 86,400 | 4.78% | |
| Retail Shares Offered | 6,02,400 | 35.13% | 33.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 91,200 | 5.05% | |
| Total Shares Offered | 18,06,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | 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 |
Highness Microelectronics IPO raises ₹6.13 crore from anchor investors. Highness Microelectronics IPO Anchor bid date is March 23, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Mar 23, 2026 |
| Shares Offered | 5,11,200 |
| Anchor Portion (₹ Cr.) | 6.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, May 1, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jun 30, 2026 |
Incorporated in 2007, Highness Microelectronics Limited is an ISO 9001:2015 and ISO 13485:2016 certified company that designs, develops, assembles, and manufactures digital imaging solutions. The company offers two main types of products:
1. Off-the-Shelf Products: These includes Flat Panel Displays like TFT and LCD modules , Display Controllers. Electroluminescent and Vacuum Fluorescent Displays, Touch Screens, Cable Assemblies and Harnesses, Backlight Drivers & Inverters, Display Enhancement Solutions.
Display Enhancement Solutions includes high brightness for outdoor and sunlight, wide temperature range for harsh environments, EMI shielding for critical operations. NVIS (Night Vision) compatibility, Optical bonding for better clarity, Vandal-proofing and cover glass for anti-glare, anti-reflection, and anti-smudge protection
2. Market-Specific Solutions / Projects: It offers customized display monitors in formats like Open-frame, Panel-mount, Industrial-grade, and Medical-grade used across industries like Industrial Automation, Medical and Healthcare, Transportation (Trains, Metros, Automobiles), and Surveillance and Defence.
Competitive Strengths:
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 24.03 | 14.31 | 8.20 | 4.78 |
| Total Income | 14.41 | 14.17 | 10.99 | 9.91 |
| Profit After Tax | 3.41 | 2.52 | 2.39 | 0.44 |
| EBITDA | 5.55 | 4.52 | 5.97 | 3.13 |
| NET Worth | 10.03 | 6.62 | 4.10 | 1.71 |
| Reserves and Surplus | 6.52 | 3.11 | 4.09 | 1.70 |
| Total Borrowing | 8.20 | 4.93 | 1.38 | 1.36 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure towards setting up an assembly line at factory situated at R-364, TTC Industrial Area, Rabale, Mumbai-400701 | 5.27 |
| 2 | Funding the working capital requirement of our Company. | 6.71 |
| 3 | Repayment and/or pre-payment, in full or part, of borrowing availed by our Company. | 1.89 |
| 4 | General Corporate Purposes | 2.94 |
| Total | 16.81 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 40.97% | 47.09% |
| ROCE | 36.88% | 42.09% |
| Debt/Equity | 0.82 | 0.74 |
| RoNW | 40.97% | 47.09% |
| EBITDA Margin | 39.26% | 32.11% |
| Price to Book Value | 4.20 | 6.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.19 | 8.81 |
| P/E (x) | 16.7 | 13.63 |
| Promoter Holding | 99.90% | 64.96% |
| Market Cap | ₹61.96 Cr. |
The Highness Microelectronics IPO is subscribed 193.91 times on March 27, 2026 6:54:43 PM (Day 3). The public issue subscribed 185.11 times in the individual investors category, 81.95 times in the QIB category, and 362.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 81.95 | 3,42,000 | 2,80,26,000 | 0 |
| NII* | 362.12 | 2,59,200 | 9,38,60,400 | 0 |
| bNII (> ₹10L) | 437.22 | 1,72,800 | 7,55,50,800 | |
| sNII (< ₹10L) | 211.92 | 86,400 | 1,83,09,600 | |
| Individual Investor | 185.11 | 6,02,400 | 11,15,08,800 | 0 |
| Total | 193.91 | 12,03,600 | 23,33,95,200 | 60,390 |
Total Applications: 60,390
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including underwriting commission | 1.48 |
| 2 | Brokerage, selling commission, marketing expenses, market maker fee, and upload fees | 1.15 |
| 3 | Registrars to the offer and depository charges | 0.09 |
| 4 | Legal Advisors and secretarial advisory | 0.06 |
| 5 | Printing, advertising and stationery charges | 0.13 |
| 6 | Regulators including stock exchanges | 0.07 |
| 7 | Peer Review Auditors | 0.05 |
| Total | 3.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹125.00 |
| Low | ₹125.00 |
| High | ₹131.15 |
| Last Trade | ₹129.75 |
Lead Manager Reports
Highness Microelectronics IPO is a SME IPO of 18,06,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Mar 24, 2026, and closes on Fri, Mar 27, 2026.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Highness Microelectronics IPO using UPI as a payment gateway. Zerodha customers can apply in Highness Microelectronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Highness Microelectronics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Highness Microelectronics IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026.
Highness Microelectronics IPO lot size is 1200, and the minimum amount required for application is ₹2,88,000, with 2 lots being the minimum application size.
You can apply in Highness Microelectronics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Highness Microelectronics IPO will be done on Monday, March 30, 2026, and the allotted shares will be credited to your demat account by Wed, Apr 1, 2026. Check the Highness Microelectronics IPO allotment status.
The Highness Microelectronics IPO listing date is on Thu, Apr 2, 2026.
