Highness Microelectronics Limited IPO 2026: Date, Price Band ₹114 to ₹120, GMP & Allotment

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Highness Microelectronics Limited IPO
Digital Imaging Solutions · TFT LCD Modules · Industrial Monitors · Custom Display Projects
📋 SME IPO Fresh + OFS BSE SME
₹120
Upper Price
₹21.67 Cr
Issue Size
Apr 2, 2026
Listing Date
₹61.96 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🔓
IPO Opens
Tuesday, 24 March 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 27 March 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 30 March 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Wednesday, 1 April 2026
Unallotted funds returned; shares credited to demat
🏷️
Thursday, 2 April 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date24 March 2026 (Tue)
IPO Close Date27 March 2026 (Fri)
Listing Date2 April 2026 (Thu)
Face Value₹10 per share
Price Band₹114 to ₹120
Issue Price (Upper Band)₹120 per share
Issue TypeBook Build — Fresh + OFS
Lot Size1,200 shares
Total Issue Size18,06,000 shares (₹21.67 Cr)
Fresh Issue16,53,600 shares (₹19.84 Cr)
Offer for Sale (OFS)1,52,400 shares (₹1.83 Cr)
Market Maker Shares91,200 shares
Pre-Issue Shares35,10,000
Post-Issue Shares51,63,600
Market Cap (Pre-IPO)₹61.96 Cr
Listing ExchangeBSE SME
Lead ManagerFintellectual Corp Advisors
RegistrarSkyline Financial Services
💰 Lot Size & Minimum Investment
At upper price ₹120
Investor TypeLotsSharesAmount
Retail — Minimum & Maximum22,400₹2,88,000
S-HNI (sNII) — Min33,600₹4,32,000
S-HNI (sNII) — Max67,200₹8,64,000
B-HNI (bNII) — Min78,400₹10,08,000
⚠️ SME IPO Note: Minimum bid for retail is 2 lots (2,400 shares = ₹2,88,000). Retail maximum application is also 2 lots. Lot size is 1,200 shares.
👥 Investor Reservation
Total 18,06,000 shares
47.24%
QIB (Total)
8,53,200 shares
28.31%
Anchor Portion
5,11,200 shares
33.36%
Retail (RII)
6,02,400 shares
14.35%
NII / HNI
2,59,200 shares
💡 Market Maker: Rainbow Securities Pvt.Ltd. has been allocated 91,200 shares (5.05% of issue) to ensure liquidity post-listing.
📊 Subscription Status
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📈 Company Financials
Restated · ₹ Crore
MetricDec 2025 (9M)FY 2024–25FY 2023–24FY 2022–23
Total Assets24.0314.318.204.78
Total Income14.4114.1710.999.91
PAT3.412.522.390.44
EBITDA5.554.525.973.13
Net Worth10.036.624.101.71
Total Borrowing8.204.931.381.36
Income Growth
FY 2022–23₹9.91 Cr
FY 2023–24₹10.99 Cr
FY 2024–25₹14.17 Cr
9M FY26 (Apr–Dec 2025)₹14.41 Cr
🎯 Key Performance Indicators
47.09%
ROE
FY 2024–25
42.09%
ROCE
FY 2024–25
32.11%
EBITDA Margin
FY 2024–25
0.74x
Debt/Equity
FY 2024–25
40.97%
ROE (9M FY26)
Dec 31, 2025
36.88%
ROCE (9M FY26)
Dec 31, 2025
39.26%
EBITDA Margin (9M)
Dec 31, 2025
0.82x
Debt/Equity (9M)
Dec 31, 2025
⚖️ Valuation & EPS
Pre-IPO EPS
₹7.19
FY25 earnings + pre-issue shares
P/E: 16.7x
Post-IPO EPS
₹8.81
Annualised 9M FY26 + post-issue shares
P/E: 13.6x
Price to Book Value
4.20x
At ₹120 (post-issue book)
Market Cap (Pre-IPO)
₹61.96 Cr
At issue price ₹120
ℹ️ Pre-IPO EPS (₹7.19) based on pre-issue shares (35,10,000) and FY25 earnings. Post-IPO EPS (₹8.81) based on post-issue shares (51,63,600) and annualised 9M FY26 earnings (Dec 31, 2025). Indicative figures from the RHP.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding capital expenditure for setting up an assembly line at TTC Industrial Area, Rabale, Mumbai
₹5.27 Cr
2
Funding the working capital requirement of the Company
₹6.71 Cr
3
Repayment and/or pre-payment of borrowings availed by the Company
₹1.89 Cr
Total Strategic Objects ₹13.87 Cr
🏢 About Highness Microelectronics Limited
Est. 2007 · Mumbai, Maharashtra · Digital Imaging Solutions

Incorporated in 2007, Highness Microelectronics Limited is an ISO certified company (ISO 9001:2015 and ISO 13485:2016) that designs, develops, and manufactures digital imaging and display solutions. The company offers a wide range of flat panel displays (TFT/LCD), touch screens, and specialized display enhancement solutions for critical operations.

The company serves diverse sectors through customized display monitors, including industrial automation, medical healthcare, transportation (metros/automobiles), and defense. With a focus on weather-resistant and high-brightness solutions, Highness provides both off-the-shelf components and market-specific turnkey display projects.

Product Categories
💻
Off-the-Shelf Products
TFT/LCD modules, touch screens, display controllers, and enhancement solutions
⚙️
Custom Solutions
Open-frame, panel-mount, and medical-grade monitors for specific industrial needs
🔦
Display Enhancement
High brightness, NVIS compatibility, EMI shielding, and vandal-proofing
🚇
Target Industries
Industrial automation, healthcare, defense, and urban transportation systems
Competitive Strengths
✅ISO certified organization with strict adherence to quality standards
🏭In-house design and customization expertise for complex display projects
🌤️Specialization in high-reliability, weather-resistant display solutions
🤝Strong long-term relationships with a global industrial customer base
Company Promoters
GK
Mr. Gaurav Manjul Kejriwal
Promoter, Highness Microelectronics Limited
MK
Mr. Manjul Kumar Kejriwal
Promoter, Highness Microelectronics Limited
📅 Key Dates
IPO Opens24 Mar 2026
IPO Closes27 Mar 2026
Allotment30 Mar 2026
Refund & Share Credit1 Apr 2026
Listing Day2 Apr 2026
💡 Quick Summary
Price Band₹114 – ₹120
Issue Price₹120 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,88,000
Issue Size₹21.67 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Skyline Financial Services Pvt.Ltd.
📞 022-28511022
ipo@skylinerta.com
Lead Manager
Fintellectual Corporate Advisors Pvt.Ltd.
Market Maker
Rainbow Securities Pvt.Ltd.
📍 Registered Address
Highness Microelectronics Limited
Office 1C3, Gundecha Onclave,
Kherani Road, Saki Vihar, Andheri (E),
Mumbai, Maharashtra — 400072
📞 022-28507123
cs@highnessmicro.com
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Highness Microelectronics IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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