Highness Microelectronics IPO Day 3: GMP ₹26
Highness Microelectronics SME IPO is nearing its closing on Day 3, March 27, 2026. As the subscription window draws to a close, investors are closely watching the subscription numbers and Grey Market Premium (GMP) for any last-minute shifts. The IPO, priced at ₹114 per share, has seen a notable uptick in its Grey Market Premium, signaling potentially strong investor interest ahead of its listing on the BSE SME platform.
| Date | GMP | Est. Listing |
|---|---|---|
| 02 Apr | +₹20 | ₹134 |
| 01 Apr | +₹20 | ₹134 |
| 31 Mar | +₹22 | ₹136 |
| 30 Mar | +₹25 | ₹139 |
| 28 Mar | +₹25 | ₹139 |
Subscription Status
As of Day 3, the subscription figures for Highness Microelectronics IPO remain at 0x across all categories: Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). A subscription of 0x indicates that no applications have been formally recorded for any category yet. This situation on the final day of the subscription period is unusual and warrants careful observation. Typically, by Day 3, especially for SME IPOs with a lot size of 1200 shares, there would be some level of subscription, even if modest. The absence of any recorded subscriptions could be due to a variety of factors, including last-minute rush, technical delays in reporting, or a strategic wait-and-watch approach by potential investors. Investors should monitor the official subscription updates closely as the closing hour approaches.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 184.67x | |
| NII / HNI | 362.43x | |
| QIB | 81.95x | |
| Total | 193.76x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 01 Apr | 184.67x | 362.43x | 81.95x | 193.76x |
| 27 Mar | 184.67x | 362.43x | 81.95x | 193.76x |
| 25 Mar | 12.25x | 12.13x | 0.04x | 8.75x |
| 24 Mar | 1.73x | 2.26x | 0.01x | 1.35x |
GMP Update
The Grey Market Premium (GMP) for Highness Microelectronics IPO has shown a positive trend. The current GMP stands at ₹26, an increase of ₹8 from yesterday’s ₹18. This upward movement in GMP is a significant indicator of market sentiment. A rising GMP suggests that the demand for the stock in the grey market is strengthening, with investors willing to pay a premium over the issue price. Based on the current GMP of ₹26 and an issue price of ₹114, the expected listing price is around ₹140 per share. This potential listing gain is an attractive proposition for many retail investors.
Should You Apply?
The decision to apply for the Highness Microelectronics IPO hinges on a balanced assessment of the available data. While the subscription numbers are currently at zero, which is a point of concern, the steadily increasing GMP offers a positive outlook for potential listing gains. The strong GMP suggests that the market anticipates a favorable debut for the company. However, it is crucial to remember that GMP is an unofficial indicator and does not guarantee listing performance. As per SEBI advisories, investors should conduct thorough due diligence and consider their risk appetite before investing. The final subscription numbers will be a critical determinant of investor confidence. For more detailed information and ongoing updates, View Full Highness Microelectronics IPO Details.