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Highness Microelectronics IPO: GMP, Price, Analysis, And Details
Table of Contents
Highness Microelectronics IPO- Company Analysis
Highness Microelectronics IPO under the SME IPO category is a bookbuild issue of Rs. 21.67 Cr by Highness Microelectronics Limited and creates, develops, assembles, and produces digital imaging products.
The business sells two primary categories of goods:
1. Off-the-shelf Products: These comprise Display Controllers and Flat Panel Displays such as TFT and LCD modules. Backlight drivers and inverters, cable assemblies and harnesses, touch screens, electroluminescent and vacuum fluorescent displays, and display enhancement solutions.
High brightness for outside and sunshine, a broad temperature range for challenging conditions, and EMI shielding for crucial operations are examples of display enhancement solutions. Compatibility with NVIS (Night Vision), optical bonding to improve clarity, vandal-proofing, and cover glass to prevent smudging, glare, and reflection
2. Market-Specific Solutions and Projects: It provides specialised display monitors in formats such as Open-frame, Panel-mount, Industrial-grade, and Medical-grade that are utilised in a variety of industries, including Transportation (Trains, Metros, Automobiles), Medical and Healthcare, Industrial Automation, Surveillance, and Defence.
Highness Microelectronics IPO Details
The Highness Microelectronics IPO date of opening is 24 Mar 2026, its initial public offering will end on 27 Mar, IPO allotment on Mar 30 and refund initiation on Apr 01, 2026.
The Rs. 21.67 crore new SME IPO comprises a fresh issue of 0.17 crore shares (Rs. 19.84 crores) and offer for sale of 0.02 crore shares (Rs. 1.83 crores).
The Highness Microelectronics IPO listing date (expected) might be on Thursday, Apr 02, 2026, and listing at the BSE and SME.
The Highness Microelectronics IPO price band is Rs. 114 to Rs. 120.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Mar 24, 2026 |
|
IPO Closing Date |
Mar 27, 2026 |
|
IPO Allotment Date |
Mar 30, 2026 |
|
Refund Initiation |
Apr 01, 2026 |
|
IPO Listing Date |
Apr 02, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
14.31 |
8.20 |
4.78 |
|
Total Income |
14.17 |
10.99 |
9.91 |
|
Profit After Tax |
2.52 |
2.39 |
0.44 |
|
EBITDA |
4.52 |
5.97 |
3.13 |
|
Net Worth |
6.62 |
4.10 |
1.71 |
|
Reserves and Surplus |
3.11 |
4.09 |
1.70 |
|
Total Borrowing |
4.93 |
1.38 |
1.36 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
-14,254.03 |
31,958.43 |
41,865.89 |
|
Net Cash Flow Investing Activities |
-18,456.53 |
-28,067.11 |
-36,567.05 |
|
Net Cash Flow Financing Activities |
31,221.29 |
-1,656.59 |
-6,550.48 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding the capital expenditure towards setting up an assembly line at a factory situated at R-364, TTC Industrial Area, Rabale, Mumbai-400701. ~ Rs. 5.27 Cr.
- Funding the working capital requirement of our Company. ~ Rs. 6.71 Cr.
- Repayment and/or pre-payment, in full or part, of borrowing availed by our Company. ~ Rs. 1.89 Cr.
- General Corporate Purposes.
Listed Peers of Highness Microelectronics Ltd.
There are no listed companies in India that are engaged in a business similar to that of the Company.
Valuation
|
KPI |
Value |
|
ROE |
47.09% |
|
ROCE |
42.09% |
|
Debt/Equity |
0.74 |
|
RoNW |
47.09% |
|
EBITDA Margin |
32.11% |
|
Price to Book Value |
6.37 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 7.19 from the last year, the resulting P/E ratio is 16.68x.
Explore the Striders Impex IPO.
IPO's Strengths
- Strong client relationships and ISO certification,
- Quality standards
- Expertise in customization
- Weather-resistant display solutions.
IPO's Weaknesses
- Modifications to governmental regulations
- The incentives' delayed realization.
- Cheaper, lower-quality Chinese goods are finding their way into Indian marketplaces.
Highness Microelectronics IPO GMP (Grey Market Premium)
Highness Microelectronics IPO GMP today is Rs. 7, as of 20 Mar 2026 while writing this information. With the price band of 120, the estimated listing price is ₹127. The expected percentage gain/loss per share is 5.83%.
Highness Microelectronics IPO Summary
|
IPO Opening & Closing Date |
24 Mar, 2026 to 27 Mar, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 114 to Rs. 120 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
18,06,000 Shares (Rs. 22 Cr) |
|
Offer for Sale |
152400 Shares (Rs. 2 Cr) |
|
Fresh Issue |
1562400 Shares (Rs. 19 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Skyline Financial Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,88,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 4,32,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Highness Microelectronics IPO Allotment Status
To check the Highness Microelectronics IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Highness Microelectronics Ltd.
- Mr. Gaurav Manjul Kejriwal
- Mr. Manjul Kumar Kejriwal
- Mrs. Shruti Gaurav Kejriwal
|
Pre-Issue Promoter Shareholding |
99.90% |
|
Post-Issue Promoter Shareholding |
64.96% |
IPO Lead Managers
- Fintellectual Corporate Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
With robust profitability measures and great return ratios, Highness Microelectronics IPO offers a unique opportunity in the expanding digital display and embedded electronics market. Long-term growth potential is increased by the company's emphasis on specialized, sector-specific solutions in the automation, healthcare, and defense sectors. However, before making an investment choice, investors should carefully consider risks including legislative changes and pressure from competitors.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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