Highness Microelectronics IPO 2026: Dates, Price Band, Lot Size, GMP & Review
Latest Grey Market Premium & IPO Details
Highness Microelectronics IPO 2026 – Key Info & Highlights
Highness Microelectronics Ltd. launches its SME IPO of ₹20.58 Cr from March 24–27, 2026. The issue includes ₹18.75 Cr fresh shares and ₹1.83 Cr offer-for-sale, with a price band of ₹114–120 and face value ₹10. Retail investors can apply for a minimum of 2 lots (1,200 shares per lot). Tentative BSE SME listing is April 2, 2026.
📌 IPO Details
| Company Name | Highness Microelectronics IPO |
|---|---|
| Sector / Industry | Electronics / Technology |
| IPO Open Date | 24-03-2026 |
| IPO Close Date | 27-03-2026 |
| Allotment Date | 30-03-2026 |
| Refund Date | 01-04-2026 |
| Share Credit Date | 01-04-2026 |
| Listing Date | 02-04-2026 |
| Price Band | ₹114 - ₹120 |
| Lot Size | 1200 Shares |
| Min Investment | ₹2,88,000 (2 lots) |
| Total Issue Size | ₹21.67 Cr |
| Reserved for Market Maker | ₹1.09 Cr |
| Net Issue Size | ₹20.58 Cr |
| Fresh Issue | ₹18.75 Cr |
| OFS | ₹1.83 Cr |
| IPO Listing At | BSE SME |
| DRHP | View DRHP |
| RHP | View RHP |
| Anchor List | https://ipoinfoindia.com/uploads/anchor-doc/highness-microelectronics-anchor-20260324101849-4960.pdf |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 99.90 % |
| Promoter Holding Post IPO | 64.96% |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 33.36% |
| QIB (Qualified Institutional Buyers) | 47.24% |
| Anchor Investors | 28.31% |
| HNI (High Net Worth Individuals) | 14.35% |
| Reserved for Market Maker | 5.05% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 02-04-2026 | ₹27.00 | ▼ | ₹147.00 | ₹32400.00 | 02-04-2026 09:53 |
| 01-04-2026 | ₹29.00 | ▲ | ₹149.00 | ₹34800.00 | 01-04-2026 23:00 |
| 31-03-2026 | ₹20.00 | - | ₹140.00 | ₹24000.00 | 31-03-2026 23:00 |
📝 About Highness Microelectronics
Highness Microelectronics Limited, incorporated in 2007, is an ISO 9001:2015 and ISO 13485:2016 certified company engaged in the design, development, assembly, and manufacturing of digital imaging and display solutions. The company specializes in providing high-performance display technologies and electronic systems used in critical applications where reliability, precision, and durability are essential.
The company offers its products under two major categories — Off-the-Shelf Products and Market-Specific Solutions / Customized Projects, allowing it to serve a wide range of industries with both standard and tailored solutions.
Under Off-the-Shelf Products, the company provides Flat Panel Displays including TFT and LCD modules, display controllers, electroluminescent and vacuum fluorescent displays, touch screens, cable assemblies and harnesses, backlight drivers and inverters, and display enhancement solutions. These enhancement solutions include high-brightness displays for outdoor and sunlight-readable applications, wide temperature range support for harsh environments, EMI shielding for critical operations, NVIS (Night Vision Imaging System) compatibility, optical bonding for improved clarity, and vandal-proof cover glass with anti-glare, anti-reflection, and anti-smudge protection.
In addition to standard products, the company also develops Market-Specific Solutions and customized projects based on client requirements. It designs and manufactures display monitors in various formats such as open-frame, panel-mount, industrial-grade, and medical-grade systems. These solutions are widely used in industries including industrial automation, medical and healthcare equipment, transportation systems such as trains, metros, and automobiles, as well as surveillance and defense applications.
With strong engineering expertise and a focus on quality and innovation, Highness Microelectronics Limited continues to expand its capabilities in advanced display technologies and integrated electronic solutions, aiming to deliver reliable products that meet the demanding standards of modern industries
Highness Microelectronics Revised Financials
Financial Highlights
| 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 |
| Profit After Tax | 3.41 | 2.52 | 2.39 | 0.44 |
| EBITDA | 5.55 | 4.52 | 5.97 | 3.13 |
| Net Worth | 10.03 | 6.62 | 4.10 | 1.71 |
| Reserves and Surplus | 6.52 | 3.11 | 4.09 | 1.70 |
| Total Borrowing | 8.20 | 4.93 | 1.38 | 1.36 |
Note: All values are in ₹ Crores. Profit After Tax (PAT) values are positive, indicating profitability across all periods.
Highness Microelectronics Ltd. – Objects of the Issue
- Setting up a new assembly line – Funding the capital expenditure for establishing an assembly line at the company’s factory located at R-364, TTC Industrial Area, Rabale, Mumbai – 400701. Amount: ₹5.27 Cr
- Working capital requirements – Financing day-to-day operations to ensure smooth business activities and support growth. Amount: ₹6.71 Cr
- Debt repayment / pre-payment – Repaying or pre-paying, in full or part, existing borrowings availed by the company. Amount: ₹1.89 Cr
- General corporate purposes – For other business requirements and general corporate purposes as permitted by the company. Amount: Remaining funds
Total funds to be raised through IPO: ₹13.87 Cr
Highness Microelectronics Ltd. – Strengths
- Specialized Technology & Product Expertise – The company designs, develops, assembles and manufactures advanced digital imaging and display solutions, including TFT/LCD modules, display controllers, and ruggedised displays for demanding applications. This technical depth enhances product differentiation and competitiveness.
- Niche Industry Focus – It serves specialized sectors such as industrial automation, medical healthcare, transportation systems, and defense surveillance, which require high-reliability display products, giving it a defined market niche.
- ISO Certifications & Quality Standards – Being ISO 9001:2015 and ISO 13485:2016 certified reflects the company’s commitment to international quality and process standards, building trust with customers and meeting critical industry requirements.
- Customization Capabilities – Highness Microelectronics provides tailored display solutions and enhancements, such as brightness optimization, temperature tolerance, and rugged design, to meet specific customer specifications and environmental challenges. This adaptability widens its addressable market.
- Capacity for Expansion & Backward Integration – Planned capacity enhancements like a new assembly line can help reduce import dependence, improve margins, and support future growth as demand increases.
Highness Microelectronics Ltd. – Weaknesses & Risks
- Customer Concentration Risk – A significant portion of the company’s revenue comes from a small number of customers, making its financial performance vulnerable if major clients reduce orders or switch suppliers.
- Supplier Dependence – The business relies heavily on a limited number of key suppliers for critical components, which could adversely affect production if supply disruptions occur.
- High Import Dependence – A large part of the raw materials and components used in manufacturing are sourced through imports, exposing the company to foreign exchange risk and potential supply chain challenges.
- Capital‑Intensive Operations – The manufacturing and operational processes are capital intensive, requiring significant working capital and inventory investment, which may strain cash flows during slower demand periods.
- Regulatory and Compliance Risks – The company faces ongoing regulatory and tax proceedings, and any adverse developments in these areas could impact its financial performance and reputation.
- Leased Premises Exposure – Operations depend on leased facilities for both offices and manufacturing, which may pose risks if lease terms change unfavorably or renewals are delayed.
Company Information
Founded in: 2007
Company Name: Highness Microelectronics Ltd.
Address: Office 1C3, 1st Floor, Gundecha Onclave, Kherani Road, Saki Vihar, Andheri (East), Mumbai – 400072, India
IPO Quick Info
24 Mar 2026
27 Mar 2026
Upcoming
Lead Manager(s)
- Fintellectual Corporate Advisors Pvt.Ltd.
Frequently Asked Questions
Highness Microelectronics Limited is engaged in the design, development, and manufacturing of digital imaging and display solutions used in industrial, medical, transportation, and defence applications.