| The initial public offer (IPO) of Highness Microelectronics received bids for 23,34,86,400 shares as against 12,94,800 shares on offer. The issue was subscribed 180.33 times.
Qualified Institutional Buyers (QIBs) bid for 2,80,26,000 shares, Non-Institutional Investors (NIIs) for 9,39,51,600 shares, while individual investors (IND category bidding for 2 lots) placed bids for 11,15,08,800 shares.
The issue opened for bidding on 24 March 2026 and it closed on 27 March 2026. The price band of the IPO was fixed between Rs 114 to Rs 120 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprised 18,06,000 equity shares, including a fresh issue of 16,53,600 equity shares and offer for sale (OFS) of 1,52,400 equity shares. The promoter and promoter group shareholding diluted to 64.96% from 99.90% pre-offer.
The company intends to utilise the net proceeds for funding the capital expenditure requirements of the company, funding the working capital requirement of the company, repayment or prepayment, in full or part, of borrowing availed by the company and general corporate purposes.
Ahead of the IPO, Highness Microelectronics on 23 March 2026, raised Rs 6.13 crore from anchor investors. The board allotted 5.11 lakh shares at Rs 120 each to 3 anchor investors.
Highness Microelectronics is engaged in the design, development, integration, assembly, and manufacture of digital imaging solutions. The company operates in two main categories: ‘Off-the-Shelf Products’ and ‘Market-Specific Solutions/Projects’. Under the ‘Products’ category, it offers flat-panel displays such as Thin Film Transistor (TFT) and Liquid Crystal Display (LCD) modules, display controllers, electroluminescent displays, vacuum fluorescent displays, touch screens, cable assemblies and harnesses, backlight drivers and inverters, and display enhancement solutions.
The company’s ‘Market-Specific Solutions/Projects’ category includes display monitors in various form factors such as open-frame displays, panel-mount displays, industrial-grade displays, and medical-grade display monitors. These products cater to multiple industry verticals, including industrial automation, medical and healthcare, railways (trains and metros), automobiles, and defence and aerospace. As of 31 December 2025, the company had a total of 47 employees.
The company recorded revenue from operations of Rs 14.13 crore and net profit of Rs 3.41 crore for the period ended 31 December 2025.
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