Highness Microelectronics was incorporated on September 6, 2007. The company designs and manufactures digital imaging and display solutions, including TFT/LCD modules, touch screens, and display systems, along with customized ruggedization and integration services for specific industrial and project needs
| Bidding Dates |
|---|
| 24 Mar 2026 - 27 Mar 2026 |
| Subscription |
|---|
| 180.33x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,73,600 | 2 | 2 | 1200 | 1.8 M | ₹114 - ₹120 | 64.96 % | ₹205.9 M - ₹216.7 M | RHP DOC |
Highness Microelectronics IPO SUBSCRIPTION STATUS
27 Mar '26Highness Microelectronics IPO overall subscription rate was 180.33 times the total available shares
Highness Microelectronics IPO retail subscription rate was 246.06 times in the retail segment
Highness Microelectronics IPO non-institutional investor subscription rate was 483.74 times in the non-institutional investor category
Highness Microelectronics IPO Qualified Institutional Bidder subscription rate was 43.29 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Mar 2026 (Day 3) | 246.06x | 483.74x | 43.29x |
25 Mar 2026 (Day 2) | 16.28x | 16.18x | 0.02x |
24 Mar 2026 (Day 1) | 2.29x | 3.02x | 0.01x |
Highness Microelectronics FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 14.1 | 3.4 | -0.6 | -1.7 | 39.3% |
| FY25 | 14.1 | 2.5 | -1.4 | -3.3 | 32.1% |
| FY24 | 10.7 | 2.4 | 3.2 | 0.4 | 55.7% |
| FY23 | 9.7 | 0.4 | 4.2 | 0.5 | 32.4% |
Highness Microelectronics IPO SUBSCRIPTION STATUS DETAILS
Highness Microelectronics had 1.8 M shares on offer
Highness Microelectronics IPO offer price was in the range ₹114 - ₹120
Highness Microelectronics IPO minimum Investment was ₹273600
Highness Microelectronics IPO issue size was ₹ 205.9 M - ₹ 216.7 M
Highness Microelectronics had a minimum lot size of 1200 Shares per application
Highness Microelectronics NUMBER OF SHARES ON OFFER
Highness Microelectronics IPO IMPORTANT DATES
| Issue Open Date | 24 Mar 2026 |
| Issue close Date | 27 Mar 2026 |
| Allotment Date | 30 Mar 2026 |
| Refund Date | 01 Apr 2026 |
| Demat Account Credit Date | 01 Apr 2026 |
| Listing Date | 02 Apr 2026 |
| Listing on Exchange(s) | BSE |
| Highness Microelectronics Allotment Status | Exchange/ Registrar |
Highness Microelectronics IPO subscription opened on 24 Mar 2026, and closed on 27 Mar 2026
IPO allotment for Highness Microelectronics was finalized on Monday, 30 Mar 2026
IPO listing for Highness Microelectronics was on BSE on Thursday, 02 Apr 2026
Highness Microelectronics IPO LISTING GAINS
| Issue Price (adjusted) | 120.0 |
| Listing Open Price | 125.0 |
| Listing Close Price | 129.8 |
| Listing Gain% | 4.2% |
| Current Gain% | 52.1% |
Highness Microelectronics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Highness Microelectronics Ltd. | 182.5 | 94.2 | 23 | 0.4 | 5.6 | 15.1 | 8.9 | 16.9 | 19.4 | 4.1 | 62.7 | 7.9 | 62.7 |
| KRN Heat Exchanger and Refrigeration Ltd. | 1208.4 | 7511 | 98.2 | 2.2 | 12.5 | 13.3 | 8.2 | 609.8 | 38.1 | 76.5 | 44.6 | 12.3 | 44.6 |
| Centum Electronics Ltd. | 3851.8 | 5684.9 | -110.6 | 0 | 4.6 | -13.6 | -3.6 | 968.6 | -16.8 | -46.7 | -1999.6 | -34.8 | -2567.5 |
| Cyient DLM Ltd. | 685.6 | 5442.1 | 66.3 | 3.7 | 4 | 7.2 | 4.5 | 1297.7 | -16 | 73.3 | 7.6 | 10.3 | 18.1 |
| Marine Electricals (India) Ltd. | 336.9 | 4659.1 | 79.8 | 1.5 | 5.3 | 11.8 | 6.6 | 893.2 | 14.5 | 58.4 | 51.9 | 4.2 | 51.9 |
| Hind Rectifiers Ltd. | 1310.2 | 4503.4 | 100.1 | 4.7 | 4.5 | 21.6 | 6.8 | 1000.8 | 52.4 | 45 | 21.3 | 13.1 | 21.3 |
Highness Microelectronics INFORMATION ON IPO ISSUE
About Highness Microelectronics
Highness Microelectronics was incorporated on September 6, 2007. The company designs and manufactures digital imaging and display solutions, including TFT/LCD modules, touch screens, and display systems, along with customized ruggedization and integration services for specific industrial and project needs
Object of the Issue
- Funding the capital expenditure towards setting up an assembly line at factory situated at R-364, TTC Industrial Area, Rabale, Mumbai-400701
- Funding the working capital requirement of the company
- Repayment and/or pre-payment, in full or part, of borrowing availed by the company
- General corporate purposes
Highness Microelectronics - PROMOTERS
| Name |
|---|
| Gaurav Manjul Kejriwal |
| Manjul Kumar Kejriwal |
| Shruti Gaurav Kejriwal |
Highness Microelectronics - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Gaurav Manjul Kejriwal | Managing Director |
| Manjul Kumar Kejriwal | Non-Executive Non-Independent Director |
| Shruti Gaurav Kejriwal | Whole Time Director |
| Jaya Ankur Singhania | Non-Executive Independent Director |
| Keval Mahendra Shah | Non-Executive Independent Director |
| Sanjiv Swarup | Non-Executive Independent Director |
| Kavita Kailash Bohra | Non-Executive Independent Director |
Highness Microelectronics Book Running Lead Manager
Fintellectual Corporate Advisors Private Limited
ipo@fintellectualadvisors.com
Highness Microelectronics Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Highness Microelectronics Strengths
Quality certified
The company is ISO 13485:2016 and ISO 9001:2015 certified. It follows strict quality checks and standard procedures to ensure defect-free products and consistent customer satisfaction
Custom solutions
The company offers customized products based on specific requirements of Original Equipment Manufacturer (OEM) clients. This helps meet varied project needs and strengthens customer relationships
Durable products
The company develops products designed to perform in harsh conditions. Its solutions can withstand vibrations, extreme temperatures, and rain, ensuring reliable performance
Highness Microelectronics Risks
Raw material
The company depends heavily on imported raw materials, which form a large share of total purchases. Any supply disruption, price volatility, regulatory restrictions, or currency fluctuations could increase costs and affect production
Manufacturing risk
The company relies on a single manufacturing unit for its operations. Any disruptions such as equipment failure, power or water shortages, regulatory issues, or natural events could impact production and financial performance
Quality compliance
The company must meet strict quality standards set by customers. Any failure to maintain quality or meet specifications could lead to order cancellations, product rejections, additional costs, and loss of customer trust, impacting overall business performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1.8 crore, of 152,400 shares. It also consists of a fresh issue of Rs 19.8 crore.
The promoters of the company are Gaurav Manjul Kejriwal, Manjul Kumar Kejriwal and Shruti Gaurav Kejriwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 114.0 - 120.0.
The IPO application opens on Mar 24, 2026 and closes on Mar 27, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 273,600.0, the maximum value for this IPO is Rs 288,000.0.
This IPO will be allotted on Mar 30, 2026.
The refund will be credited to your account on Apr 01, 2026.
The allotted shares will be credited to your demat on Apr 01, 2026.
Highness Microelectronics Ltd.’s shares listed on the stock exchanges on Apr 02, 2026.