SME
IPO ·
BSE SME
Highness Microelectronics Ltd
Listed
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.
Issue details
Price band
₹114 – ₹120
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,88,000
Issue size
₹21.67 Cr
Fresh issue
₹18.75 Cr
Offer for sale
₹1.83 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
24 Mar 2026
Closes
27 Mar 2026
UPI mandate cut-off
5:00 PM on 27 Mar 2026
Allotment
30 Mar 2026
Refunds
1 Apr 2026
Shares in demat
1 Apr 2026
Listing
2 Apr 2026
Subscription and listing
Subscription
135.39x
Listing price
₹125
Registrar
Skyline Financial Services Pvt Ltd
Lead manager
Fintellectual Corporate Advisors
Subscription by category
Total
135.39x
Total applications
59,457
Anchor investors
Amount raised
₹6.13 Cr
Bid date
23 Mar 2026
50% lock-in ends
1 May 2026
Rest lock-in ends
30 Jun 2026
Listing day
Issue price
₹120
Open
₹125.00
High
₹131.15
Low
₹125.00
Day close
₹129.75
Listing gain at open
+4.17%
Issue structure
Shares reserved per category and share of the total issue
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 Shares Offered
2,59,200
14.35%
bNII > ₹10L
1,72,800
9.57%
sNII < ₹10L
86,400
4.78%
Retail Shares Offered
6,02,400
33.36%
Market Maker Shares Offered
91,200
5.05%
Total Shares Offered
18,06,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 29%, PAT up 5%, ROE 40.97%, D/E 0.82, post-issue P/E 13.63x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
40.97%
ROCE
36.88%
Debt / equity
0.82
PAT margin
—
P/E post issue
13.63
Market cap
₹61.96 Cr
Use of IPO money
Funding the capital expenditure towards setting up an assembly line at factory situated at R-364, TTC Industrial Area, Rabale, Mumbai-400701
₹5.27 Cr
Funding the working capital requirement of our Company.
₹6.71 Cr
Repayment and/or pre-payment, in full or part, of borrowing availed by our Company.
₹1.89 Cr
General Corporate Purposes
₹2.94 Cr
Issue Expenses
₹3.03 Cr
Strengths
✓
Revenue up 29% in FY25 to ₹14.17 Cr
✓
ROE of 40.97% and ROCE of 36.88%
✓
Moderate leverage: debt to equity 0.82
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.