Highness Microelectronics IPO is a book-built issue with a total size of ₹21.67 crore. The entire issue consists of a fresh issue of 0.17 crore shares and offer for sale of 0.02 crore shares aggregating to ₹1.83 crores. aiming to raise funds for the company’s business needs. The IPO opens for subscription on March 24, 2026, and will close on March 27, 2026.
The basis of allotment is expected to be finalised on March 30, 2026, and the shares are likely to be listed on BSE SME on April 2, 2026. The price band for the issue is set between ₹114 and ₹120 per share, offering investors an entry at different levels.
The minimum application size is 1,200 shares, making the minimum investment for retail investors ₹2,88,000 at the upper band. For HNI investors, the minimum lot size is 3 lots, equivalent to 3,600 shares, amounting to ₹4,32,000.
Fintellectual Corporate Advisors Private Limited is acting as the book running lead manager, while Skyline Financial Services Private Limited has been appointed as the registrar to the issue. Rainbow Securities Private Limited is serving as the market maker for this IPO.
Highness Microelectronics IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be used forcapital expenditure towards setting up an assembly line at factory situated at R-364, TTC Industrial Area, Rabale, Mumbai-400701.
- Repayment and/or pre-payment, in full or part, of borrowing availed by our Company.
- Investment will go into upgrading IT hardware and software.
- Part of the proceeds will meet working capital needs.
- Remaining funds will be used for general corporate purposes.
About Highness Microelectronics Limited
Highness Microelectronics IPO pertains to Highness Microelectronics Limited, a company originally incorporated on September 6, 2007, as a private limited entity under the name “Highness Micro Electronics Private Limited,” in accordance with the Companies Act, 1956. The incorporation was formalized through a certificate issued by the Registrar of Companies, Mumbai. Subsequently, following a shareholder resolution dated February 8, 2008, the company’s name was revised to “Highness Microelectronics Private Limited,” with a fresh certificate of incorporation issued on March 5, 2008.
The company was later converted into a public limited entity pursuant to a resolution passed at an extraordinary general meeting held on August 31, 2024. Consequently, its name was changed to “Highness Microelectronics Limited,” and a new certificate of incorporation was issued on November 11, 2024, by the Registrar of Companies, Central Processing Centre. The company’s Corporate Identification Number (CIN) is U72900MH2007PLC173854.
Highness Microelectronics Limited is certified under ISO 9001:2015 and ISO 13485:2016 standards. It operates in the domain of digital imaging solutions, focusing on design, development, integration, assembly, and manufacturing. The company’s operations are broadly categorized into two segments: “Off-the-Shelf Products” and “Market-Specific Solutions/Projects.”
Under its product segment, the company offers a range of components including 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, along with display enhancement solutions.
Within the display enhancement solutions segment, the company adds value to Commercial Off-The-Shelf (COTS) displays through processes such as high-brightness backlight enhancement for outdoor visibility, wide operating temperature adjustments for extreme conditions, electromagnetic interference (EMI) shielding, night vision compatibility (NVIS), optical bonding, vandal-proofing, and the addition of anti-reflective, anti-glare, and anti-smudge cover glass.
The market-specific solutions segment includes customized display monitors such as open-frame displays, panel-mount displays, industrial-grade displays, and medical-grade display monitors. These solutions cater to sectors including industrial automation, medical and healthcare, railways (trains and metros), automobiles, and defence and aerospace.
The company was founded in 2007 by its promoter, Mr. Gaurav Manjul Kejriwal, who brings over 17 years of experience in the display industry. He has played a central role in shaping the company’s product portfolio and driving its long-term growth. His responsibilities include strategic planning, business expansion, leadership oversight, financial performance management, innovation, opportunity identification, and risk management.
The company’s vision is to enhance the world through simple, smart, and efficient design and engineering in digital imaging solutions. Its mission focuses on minimizing dependencies to strengthen the “Make in India” initiative for both domestic and global markets, while investing in human capital and research and development to ensure sustainable growth.
Industry Outlook
- Global growth is projected to remain stable at around 3.3% in 2026 and 3.2% in 2027, supporting steady industrial expansion.
- Declining global inflation is expected to improve cost stability for manufacturing and technology-driven industries.
- Rising investments in artificial intelligence and advanced technologies are driving demand for digital imaging and display solutions.
- Easing but uncertain trade tensions continue to pose intermittent risks to global supply chains.
- Accommodative global financial conditions are supporting access to capital for expansion and innovation.
- Strong performance of technology stocks reflects sustained investor confidence in tech-centric industries.
- Continued fiscal and monetary support is aiding overall industrial and economic growth.
- Ongoing policy uncertainty still impacts business sentiment and investment decisions.
- Increasing focus on semiconductor and critical mineral supply chains is encouraging localization strategies.
- Private sector adaptability and innovation are expected to sustain long-term industry growth.
How To Apply for the Highness Microelectronics IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Highness Microelectronics IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Highness Microelectronics IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Highness Microelectronics Limited
Registered office: Office 1C3, 1st Floor, Gundecha Onclave, Kherani Road, Saki Vihar, Andheri (East), Mumbai, Maharashtra, 400072
Phone: 022-28507123
E-mail: cs@highnessmicro.com
Highness Microelectronics IPO Reservation
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 91,200 (5.05%) |
| QIB Shares Offered | 8,53,200 (47.24%) |
| − Anchor Investor Shares Offered | 5,11,200 (28.31%) |
| − QIB (Ex. Anchor) Shares Offered | 3,42,000 (18.94%) |
| NII (HNI) Shares Offered | 2,59,200 (14.35%) |
| − bNII > ₹10L | 1,72,800 (9.57%) |
| − sNII < ₹10L | 86,400 (4.78%) |
| Retail Shares Offered | 6,02,400 (33.36%) |
| Total Shares Offered | 18,06,000 (100.00%) |
Highness Microelectronics IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,88,000 |
| S-HNI (Min) | 3 | 3,600 | ₹4,32,000 |
| S-HNI (Max) | 6 | 7,200 | ₹8,64,000 |
| B-HNI (Min) | 7 | 8,400 | ₹10,08,000 |
Highness Microelectronics IPO Promoter Holding
The promoters of the company include Mr. Gaurav Manjul Kejriwal, Mr. Manjul Kumar Kejriwal, and Mrs. Shruti Gaurav Kejriwal are the company promoters..
| Share Holding Pre-Issue | 99.90% |
| Share Holding Post Issue | 64.96% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Highness Microelectronics IPO
| KPI | Value |
| ROE | 40.97% |
| ROCE | 36.88% |
| Debt/Equity | 0.82 |
| RoNW | 40.97% |
| EBITDA Margin | 39.26% |
| Price to Book Value | 4.2 |
Highness Microelectronics IPO Registrar and Lead Managers
Highness Microelectronics IPO Lead Managers
- Fintellectual Corporate Advisors Private Limited
Registrar for Highness Microelectronics IPO
Skyline Financial Services Private Limited
- Contact Number: 02228511022
- Email Address: ipo@skylinerta.com
Financial Performance of Highness Microelectronics Limited
| Particulars | 31-Dec-25 | 31-Mar-25 | 31-Mar-24 |
| Revenue from Operations (₹ ‘000) | 141,327.57 | 140,737.82 | 107,046.22 |
| Adjusted EBITDA (₹ ‘000) | 55,482.89 | 45,187.93 | 59,657.78 |
| EBITDA Margin (%) | 39.26% | 32.11% | 55.73% |
| ROCE (%) | 36.88% | 42.09% | 75.02% |
| Current Ratio | 2.05 | 2.19 | 1.84 |
| Operating Cash Flow (₹ ‘000) | -5,644.27 | -14,254.03 | 31,958.43 |
| PAT (₹ ‘000) | 34,100.18 | 25,226.00 | 23,879.62 |
Strengths and Opportunities of Highness Microelectronics Limited
- The company holds ISO 9001 and ISO 13485 certifications, ensuring high standards in quality management and medical-grade manufacturing.
- Its localized manufacturing capabilities support cost efficiency and reduced dependency on imports.
- The company offers specialized weather-resistant display solutions suitable for harsh and outdoor environments.
- Growing interest from international companies seeking local partners under “Make in India” creates strong collaboration opportunities.
- Increasing global and domestic healthcare spending is driving demand for medical-grade display solutions.
- Industry-wide shift toward localization is benefiting domestic manufacturers like the company.
- Government incentives and policy support for local manufacturing enhance growth prospects and competitiveness.
- The company’s diversified product portfolio and application across multiple sectors strengthen its market positioning.
Risks and Threats of Highness Microelectronics Limited
- The company is dependent on third parties for certain processes, which may impact operational control and timelines.
- Localized manufacturing may limit scalability and exposure to global supply chain efficiencies.
- Longer project gestation periods can delay revenue realization and impact cash flows.
- Changes in government policies may create uncertainty in operations and strategic planning.
- Delays in receiving government incentives can affect liquidity and financial planning.
- Intense competition from low-cost Chinese products can pressure pricing and margins.
- Availability of cheaper alternatives in the market may impact demand for higher-quality offerings.
- Dependence on policy-driven benefits like “Make in India” exposes the company to regulatory risks.
