Highness Microelectronics came to market through an SME IPO that opened on 24 March 2026 and closed on 27 March 2026, and the shares listed on 2 April 2026 on BSE SME. The price band was ₹114 to ₹120 per share and one lot was 1200 shares, so the minimum application was ₹1,44,000. The issue size was ₹21.67 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Skyline Financial Services Pvt.Ltd was the registrar to the issue, and Fintellectual Corporate Advisors Pvt.Ltd was the lead manager.
As of 27 March 2026.
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Highness Microelectronics Limited is a limited company incorporated in 2007. It is certified for ISO 9001:2015 and ISO 13485:2016. It is engaged in designing, developing, assembling, and manufacturing digital imaging solutions. It provides two different categories of products: 1. Off-the-Shelf Products: It includes Flat Panel Displays such as TFT and LCD modules, Display Controllers.
It includes displays such as Electroluminescent Displays, Vacuum Fluorescent Displays, Touch Screens, Cable Assemblies and Harnesses, Backlight Drivers & Inverters, Display Enhancement Solutions.Display Enhancement Solutions include high brightness for outdoor and sunlight applications, wide range of temperatures for harsh environments, EMI shielding for critical operations. It includes NVIS (Night Vision) compatibility, optical bonding for better image clarity, vandal-proofing, and cover glass for anti-glare, anti-reflective, and anti-smudge purposes. 2. Market-Specific Solutions/Projects:
It provides customized display monitors in different forms such as Open-frame displays, Panel-mount displays, Industrial-grade displays, and Medical-grade displays. It includes applications such as industrial automation, medical and healthcare, transportation such as trains, metro, automobiles, surveillance, and defense.
As described in the offer document.
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Mr. Gaurav Manjul Kejriwal, Mr. Manjul Kumar Kejriwal, Mrs. Shruti Gaurav Kejriwal. Promoter holding 99.90% before the issue and 64.96% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Highness Microelectronics IPO was a ₹21.67 crore book-built issue, comprising a fresh issue of ₹19.84 crore and an offer for sale of ₹1.83 crore. It was priced at ₹114–₹120 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,88,000). The IPO was open from March 24 to March 27, 2026 and was subscribed 193.99x.
Shares listed on BSE SME on April 2, 2026 at ₹125, a 4.2% premium to the issue price of ₹120. Skyline Financial Services Pvt. Ltd. is the registrar. Fintellectual Corporate Advisors Pvt. Ltd. is the book running lead manager.
The price band of Highness Microelectronics IPO is ₹114 to ₹120 per share.
The lot size of Highness Microelectronics IPO is 1200 shares.
The minimum investment for Highness Microelectronics IPO is approximately ₹2,88,000 based on the upper price band.
The allotment date of Highness Microelectronics IPO is Mar 30, 2026.
Highness Microelectronics IPO's final recorded GMP before listing was ₹16 per share (a 13% premium over the ₹120 upper price band). The shares listed at ₹125. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Highness Microelectronics IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Highness Microelectronics IPO allotment status on Rupix for quick and easy access.
₹114 to ₹120 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,44,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,44,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 March 2026 and closed on 27 March 2026.
The basis of allotment was published on 30 March 2026 by Skyline Financial Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 2 April 2026 on BSE SME.
The issue size was ₹21.67 crore. The fresh issue was 16,53,600 shares (aggregating up to ₹19.84 crore). The offer for sale was 1,52,400 shares (aggregating up to ₹1.83 crore).