Published: 19 March 2026 | 5.41 AM
Last Updated: 19 March 2026 | 12.30 PM
IPO Overview / Intro
Highness Microelectronics IPO is a book build issue of 0.18 crore shares. The issue is a combination of fresh issue of 0.17 crore shares aggregating to Rs. 19.84 crores and offer for sale of 0.02 crore shares aggregating to Rs. 1.83 crores. Highness Microelectronics IPO opens for subscription on Mar 24, 2026 and closes on Mar 27, 2026. The allotment for the Highness Microelectronics IPO is expected to be finalized on Mar 30, 2026. Highness Microelectronics IPO will list on BSE SME with a tentative listing date fixed as Apr 2, 2026.
| Particular | Details |
|---|---|
| IPO Size | Rs. 21.67 crores |
| Business | Digital imaging solutions, display modules and customized industrial display systems |
| Market Presence | Industrial automation, healthcare, transportation, surveillance and defence sectors |
| Key Risk | Small scale operations and dependence on project execution and working capital |
| Chanakya View | Niche display solutions business with strong customization capability; scale-up and order consistency remain key monitorables |
| Particular | Details |
|---|---|
| IPO Date | 24–27 March 2026 |
| Price Band | Rs. 114 – Rs. 120 |
| Lot Size | 1,200 Shares |
| Issue Size | 18,06,000 shares |
| Listing Date | 2 April 2026 |
IPO Details | GMP | Subscription | Review | Allotment | Financials | Registrar | FAQ
👉 Latest Highness Microelectronics IPO GMP, subscription status, financials, valuation and Chanakya review explained below.
Highness Microelectronics IPO GMP – Latest Update
Highness Microelectronics IPO GMP is yet to see active grey market signals. The latest GMP trend will be updated below once market indications emerge.
| GMP | Estimated Listing Price | Expected Gains |
|---|---|---|
| Rs. NIL | To be declared | — |
Grey Market Premium (GMP) indicates estimated listing sentiment based on unofficial market demand and may change frequently.
Highness Microelectronics IPO Subscription Status – Live Update
Highness Microelectronics IPO subscription status is yet to begin. Live subscription data will be updated once bidding opens.
| Category | Subscription |
|---|---|
| QIB | Not Open Yet |
| B-NII | Not Open Yet |
| S-NII | Not Open Yet |
| NII Total | Not Open Yet |
| Retail (RII) | Not Open Yet |
| Total | Not Open Yet |
| Applications | Not Open Yet |
Updated: Subscription data will be updated once bidding starts on Mar 24, 2026. Highness Microelectronics IPO allotment status will be finalised on Monday, Mar 30, 2026. Investors can check allotment status online through Skyline Financial Services Pvt. Ltd.
| Particular | Details |
|---|---|
| Price Band | Rs. 114 – Rs. 120 |
| Face Value | Rs. 10 per share |
| Issue Type | Book Building IPO |
| Category | Minimum Shares | Investment |
|---|---|---|
| Retail Minimum | 2,400 | Rs. 2,88,000 |
| Retail Maximum | 2,400 | Rs. 2,88,000 |
Highness Microelectronics IPO listing date is tentatively scheduled for Thursday, Apr 2, 2026 on BSE SME.
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IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Opening Date | Tuesday, 24 Mar 2026 |
| IPO Closing Date | Friday, 27 Mar 2026 |
| Listing Date (Tentative) | Thursday, 2 Apr 2026 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 114 – Rs. 120 |
| Lot Size | 1,200 Shares |
| Issue Type | Book Building IPO |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 18,06,000 shares (agg. up to Rs. 22 Cr) |
| Reserved for Market Maker | 91,200 shares (agg. up to Rs. 1 Cr) |
| Market Maker | Rainbow Securities Pvt. Ltd. |
| Fresh Issue (Ex Market Maker) | 15,62,400 shares (agg. up to Rs. 19 Cr) |
| Offer for Sale | 1,52,400 shares of Rs. 10 (agg. up to Rs. 2 Cr) |
| Net Offered to Public | 17,14,800 shares (agg. up to Rs. 21 Cr) |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,10,000 shares |
| Share Holding Post Issue | 51,63,600 shares |
| Market Cap (Pre-IPO) | Rs. 61.96 Cr |
IPO Timetable
| Event | Date |
|---|---|
| IPO Opens | Tue, Mar 24, 2026 |
| IPO Closes | Fri, Mar 27, 2026 |
| Allotment | Mon, Mar 30, 2026 |
| Refunds | Wed, Apr 1, 2026 |
| Credit of Shares | Wed, Apr 1, 2026 |
| Listing | Thu, Apr 2, 2026 |
Reservation
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 91,200 (5.05%) |
| QIB Shares Offered | 8,53,200 (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 (14.35%) |
| B-NII (> Rs. 10 Lakh) | 1,72,800 (9.57%) |
| S-NII (< Rs. 10 Lakh) | 86,400 (4.78%) |
| Retail Shares Offered | 6,02,400 (33.36%) |
| Total Shares Offered | 18,06,000 (100.00%) |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (Retail) (Min) | 2 | 2,400 | Rs. 2,88,000 |
| Individual Investors (Retail) (Max) | 2 | 2,400 | Rs. 2,88,000 |
| S-HNI (Min) | 3 | 3,600 | Rs. 4,32,000 |
| S-HNI (Max) | 6 | 7,200 | Rs. 8,64,000 |
| B-HNI (Min) | 7 | 8,400 | Rs. 10,08,000 |
Company Details
Highness Microelectronics Ltd., incorporated in 2007, is engaged in designing, developing, assembling and manufacturing digital imaging and display solutions. The company is ISO 9001:2015 and ISO 13485:2016 certified, which supports its positioning in quality-sensitive and medical-grade applications.
The company offers off-the-shelf products such as TFT and LCD modules, display controllers, electroluminescent and vacuum fluorescent displays, touch screens, cable assemblies, harnesses, backlight drivers and display enhancement solutions.
Its display enhancement offerings include high brightness displays for outdoor and sunlight readability, wide temperature range compatibility for harsh environments, EMI shielding for critical operations, NVIS compatibility, optical bonding and anti-glare, anti-reflection and anti-smudge protection.
Highness Microelectronics also provides market-specific customized display monitors in open-frame, panel-mount, industrial-grade and medical-grade formats. These solutions are used across industrial automation, healthcare, transportation, surveillance and defence applications.
Competitive Strengths
High quality standards with ISO-certified operations
Strong customization expertise
Established customer relationships
Specialized weather-resistant and application-specific display solutions
IPO Objects of the Issue
| Issue Objects | Est Amt (Rs. Cr.) |
|---|---|
| Funding capital expenditure towards setting up an assembly line | 5.27 |
| Funding working capital requirements | 6.71 |
| Repayment / prepayment of borrowings | 1.89 |
| General corporate purposes | — |
Financials
| Particulars | 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 |
| EBITDA | 5.55 | 4.52 | 5.97 | 3.13 |
| PAT | 3.41 | 2.52 | 2.39 | 0.44 |
| Net Worth | 10.03 | 6.62 | 4.10 | 1.71 |
| Reserves & Surplus | 6.52 | 3.11 | 4.09 | 1.70 |
| Total Borrowings | 8.20 | 4.93 | 1.38 | 1.36 |
Valuation
| Particular | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | 7.19 | 8.81 |
| P/E (x) | 16.70 | 13.63 |
| Promoter Holding | 99.90% | 64.96% |
| Market Cap | Rs. 61.96 Cr | — |
| Particular | Details |
|---|---|
| Company Promoters | Mr. Gaurav Manjul Kejriwal, Mr. Manjul Kumar Kejriwal and Mrs. Shruti Gaurav Kejriwal |
| Company Address | Office 1C3, 1st Floor, Gundecha Onclave, Kherani Road, Saki Vihar, Andheri (East), Mumbai, Maharashtra, 400072 |
| Contact Number | 022-28507123 |
| cs@highnessmicro.com |
| IPO Lead Manager(s) | Details |
|---|---|
| Book Running Lead Manager | Fintellectual Corporate Advisors Pvt. Ltd. |
| IPO Registrar | Details |
|---|---|
| Registrar | Skyline Financial Services Pvt. Ltd. |
| Contact | 02228511022 |
| ipo@skylinerta.com |
Chanakya View
Highness Microelectronics operates in a niche segment of digital display and imaging solutions with strong capabilities in customized industrial and medical-grade applications. The company benefits from sectoral demand in industrial automation, healthcare, transportation and defence, where specialized display systems are increasingly important.
The business has reported improving profitability and healthy return ratios, supported by strong operating margins. Its focus on customized and enhanced display solutions gives it a differentiated positioning within a relatively specialized market.
However, the company remains small in scale and is exposed to project-led demand cycles, customer concentration risk and working capital intensity. Investors should monitor execution consistency, order inflow visibility and the company’s ability to scale operations after listing.
From a medium-term perspective, the IPO may attract investors looking for niche electronics and display solutions exposure in the SME space, though SME risk appetite remains essential.
Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
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Quicklinks
Highness Microelectronics IPO GMP is currently inactive and stands at Rs. NIL as per latest grey market indications.
Highness Microelectronics IPO price band is Rs. 114 to Rs. 120 per share.
Highness Microelectronics IPO lot size is 1,200 shares. Minimum retail application is 2 lots or 2,400 shares.
Highness Microelectronics IPO is expected to list on Apr 2, 2026 on BSE SME.