IPO Issue Details
Issue Price / Price Band₹120 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size18,06,000 shares (agg. up to ₹22 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 24 Mar 2026
Subscription CloseFri, 27 Mar 2026
Anchor AllotmentMon, 23 Mar 2026
Basis of AllotmentMon, 30 Mar 2026
Initiation of RefundsWed, 01 Apr 2026
Credit of Shares to DematWed, 01 Apr 2026
Listing DateThu, 02 Apr 2026
UPI Mandate Deadline5:00 PM on 27 Mar 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,88,000 — 2,400 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (3 Lots)₹4,32,000 — 3,600 shares
EPS (Pre-IPO)₹7.19
EPS (Post-IPO)₹8.81
P/E Ratio (Pre-IPO)16.7x
P/E Ratio (Post-IPO)13.63x
Net Offer to Public17,14,800 shares (agg. up to ₹21 Cr)
Reserved for Market Maker91,200 shares (agg. up to ₹1 Cr)
Pre-IPO Promoter Holding35,10,000 shares
Post-IPO Promoter Holding51,63,600 shares
Fresh Issue Shares15,62,400 shares (agg. up to ₹19 Cr)
Offer for Sale Shares1,52,400 shares of ₹10 (agg. up to ₹2 Cr)
About Highness Microelectronics Ltd
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.Display Enhancement Solutions includes high brightness for outdoor and sunlight, wide temperature range for harsh environments, EMI shielding for critical operations. NVIS (Night Vision) compatibility, Optical bonding for better clarity, Vandal-proofing and cover glass for anti-glare, anti-reflection, and anti-smudge protection2. Market-Specific Solutions / Projects: It offers customized display monitors in formats like Open-frame, Panel-mount, Industrial-grade, and Medical-grade used across industries like Industrial Automation, Medical and Healthcare, Transportation (Trains, Metros, Automobiles), and Surveillance and Defence.Competitive Strengths:Quality Standards and ISO certified organizationCustomization ExpertiseStrong relationship with customersWeather-Resistant Display Solutions
Objects of the Issue
Highness Microelectronics Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding the capital expenditure towards setting up an assembly line at factory situated at R-364, TTC Industrial Area, Rabale, Mumbai-400701
5.27
2
Funding the working capital requirement of our Company.
6.71
3
Repayment and/or pre-payment, in full or part, of borrowing availed by our Company.
1.89
4
General Corporate Purposes *
Shareholding & Lock-in
Pre-IPO Promoter Holding
35,10,000 shares
Post-IPO Promoter Holding
51,63,600 shares