About Highness Microelectronics IPO
Highness Microelectronics IPO, a 100% book-built issue of 18.06 lakh equity shares worth up to ₹22 Cr, comprising a fresh issue of 15.62 lakh shares worth up to ₹19 crore and an offer for sale (OFS) of 1.52 lakh shares of ₹10 crore. The company has filed its DRHP with SEBI on Sep 30, 2025.
The price band for the issue is set at ₹114 to ₹120 per share, while the minimum amount required for investment by an individual investor (retail investor) is meant to cross ₹2 lakh (for 2 lots). The lot size for an application is 1,200. The IPO will open for subscription on March 24 to 27, 2026, on the BSE SME platform, with a tentative listing date fixed as April 2, 2026. The book-running lead manager (BRLM) for this issue is Fintellectual Corporate Advisors Private Ltd., while the registrar to the issue is Skyline Financial Services Private Ltd.
Highness Microelectronics IPO Date & Timeline
The Highness Microelectronics IPO is officially set to open for subscription on March 24, 2026 and will close on March 27, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 30, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, the basis for allotment is expected to be finalized on March 30, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on April 1, 2026. Finally, the Highness Microelectronics Ltd. shares are tentatively scheduled to list on the stock exchanges on April 2, 2026.
Highness Microelectronics IPO Timeline
| IPO Open Date | Tue, Mar 24, 2026 |
| IPO Close Date | Fri, Mar 27, 2026 |
| Tentative Allotment | Mon, Mar 30, 2026 |
| Initiation of Refunds | Wed, Apr 1, 2026 |
| Credit of Shares to Demat | Wed, Apr 1, 2026 |
| Tentative Listing Date | Thu, Apr 2, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Highness Microelectronics IPO Details
| Detail | Description |
|---|---|
| IPO Date | 24 to 27 Mar, 2026 |
| Listing Date | Thu, Apr 2, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 114 to ₹ 120 |
| Lot Size | 1,200 Shares |
| IPO Type | Fresh capital cum OFS |
| Total Issue Size | 18,06,000 shares (agg. up to ₹ 22 Cr) |
| Reserved for Market Maker | 91,200 shares (agg. up to ₹ 1 Cr) Rainbow Securities Pvt.Ltd. |
| 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) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,10,000 shares |
| Share Holding Post Issue | 51,63,600 shares |
Highness Microelectronics IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Highness Microelectronics IPO GMP is currently trading at ₹27, reflecting unofficial investor sentiment ahead of the official listing. This premium suggests a potential listing price of ₹147, which is 22.50% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Highness Microelectronics GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2026-03-02 | ₹120.00 | ₹25 | 2026-03-02 |
Company Background
Highness Microelectronics Ltd. was incorporated as a private limited company on September 6, 2007, based in Mumbai. During the last 20+ years of its existence, i.e., over 2 decades, the organization has undergone a transformation from 'Highness Micro Electronics Private Ltd.' to its current public Ltd. form, which was finally concluded in November 2024. The organization is located in Andheri (East), Mumbai. The organization has carved its niche in the electronics industry.
Operations & Product Range
Highness Microelectronics Ltd. is an ISO organization that specializes in dealing with digital imaging solutions. The activities of the organization can be divided into two main types: ‘Off the Shelf Products’ and ‘Market Specific Solutions/Projects.’ The organization specializes in flat panel displays such as thin-film transistors (TFT) and liquid crystal displays (LCD).
Facilities & Capacity
Highness Microelectronics Ltd. has its manufacturing and assembly unit located in Mumbai, which requires equipment for the assembly of electronic devices such as display bond machines, bubble removers and color analyzers for calibrating brightness and contrast. The installed production capacity of the company is 45,000 units per annum as of March 31, 2025, for industrial-grade monitors.
Brands & Market Presence
Highness Microelectronics Ltd. uses the brand name "HIGHNESS" for its services and products and claims to be "One of a kind." It has established its market niche in the industry by emphasizing high-quality assurance and customized display services. The company has achieved international quality standards such as ISO 9001:2015 and ISO 13485:2016, which gives it legitimacy in the market and allow it to serve B2B customers that require high technical standards.
Revenue Streams & Business Model
Highness Microelectronics Ltd. primarily generates revenue from the sale of digital imaging products. The company's revenue model is based on the sale of products. The revenue generated by the company during the financial year FY25 was ₹4,661 lakh. The business model of the company is based on long-term relationships with the clients. The company provides solutions based on the technical requirements of the clients.
Management & Shareholding
The promoters of Highness Microelectronics Ltd. are Mr. Gaurav Manjul Kejriwal, Mr. Manjul Kumar Kejriwal and Mrs. Shruti Gaurav Kejriwal. Before the IPO, Mr. Gaurav Manjul Kejriwal owned 58.90% of the total equity shares of the company. The management team of the company has vast experience in the electronics and management fields. However, after the IPO, the promoter equity holding will be diluted as the company issues fresh equity shares and the selling promoters sell their shares.
Board & Key Management
The board and key management of Highness Microelectronics Ltd. are chaired by MD Mr. Gaurav Manjul Kejriwal and whole-time director Mrs. Shruti Gaurav Kejriwal, while the board also includes independent directors such as Mr. Keval Mahendra Shah to ensure corporate governance standards. CFO Mr. Mayurkumar Laxmidas Gori and CS Ms. Preeti Paresh Rathi support the executive management.
Highness Microelectronics IPO Financial Information
Latest Revenue
24.03
₹ Crore
Profit After Tax
3.41
₹ Crore
Net Worth
10.03
₹ Crore
Total Borrowing
8.2
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 24.03 | 24.03 | 3.41 | 10.03 | 6.52 | 8.2 | |||
| 31 Mar 2025 | 14.31 | 14.17 | 2.47 | 4.52 | 6.54 | 3.03 | |||
| 31 Mar 2024 | 8.2 | 10.99 | 2.37 | 4.07 | 4.06 | 1.38 | |||
| 31 Mar 2023 | 4.78 | 9.91 | 0.43 | 1.7 | 1.69 | 1.36 | |||
| Amount in ₹ Crore | |||||||||
Highness Microelectronics Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 40.97% |
| ROCE | 36.88% |
| Debt/Equity | 0.82x |
| RoNW | 40.97% |
| EBITDA Margin | 39.26% |
| Price to Book Value | 4.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.19 | 8.81 |
| P/E (x) | 16.7 | 13.63 |
Highness Microelectronics IPO Objectives
Highness Microelectronics Ltd. plans to employ the funds raised through the IPO for certain strategic purposes:
- • Funding the capital expenditure for acquiring new machinery for better manufacturing facilities
- • For repaying debts (in part or in full)
- • general corporate purposes
Highness Microelectronics IPO Review
Highness Microelectronics Ltd. is in the specialized segment of the EMS services sector and focuses on industrial-grade display and imaging solutions. The provision of customized services is at the heart of their business model, which may help them retain customers compared to competitors in the general component manufacturing segment. The ISO accreditations that Highness Microelectronics Ltd. has obtained also speak to their commitment to quality in this technically demanding segment.
In FY25, the company has recorded a PAT of ₹704.22 lakhs, which indicates the company’s operational efficiency and outreach and a RoNW of 46.61%.
As an SME, the company is also exposed to certain risks, which include the risk of fluctuation in the prices of raw materials and the risk of competition from other electronic manufacturing giants. The Highness Microelectronics IPO review suggests that the company is looking to raise funds to improve its manufacturing and debt profile.
Conclusion
Highness Microelectronics IPO represents an opportunity for investors to invest in a business that is expanding in the industrial display technology space. The business operates in a space that is different from mass consumer electronics, which are typically associated with lower margins. The business opportunity here is a unique competitive advantage. With this IPO, the business plans to use funds for increasing capacities and reducing debt.
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Competitive Strengths
Asset-light model with indigenous IP and advanced miniaturized imaging.
Maintenance of high-quality manufacturing processes.
The founders and the management team have extensive industry knowledge and experience in the microelectronics industry.
Long-term and strong relations with a diverse range of clients.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |