Highness Microelectronics IPO Final Day: GMP ₹30
Today marks the final day for investors to subscribe to the Initial Public Offering (IPO) of Highness Microelectronics, a Small and Medium Enterprise (SME) listing on the BSE. As the IPO window closes on March 27, 2026, all eyes are on the subscription figures and the Grey Market Premium (GMP) to gauge investor sentiment and potential listing gains.
| Date | GMP | Est. Listing |
|---|---|---|
| 01 Apr | +₹20 | ₹134 |
| 31 Mar | +₹22 | ₹136 |
| 30 Mar | +₹25 | ₹139 |
| 28 Mar | +₹25 | ₹139 |
| 27 Mar | +₹30 | ₹144 |
Subscription Status
As of the closing of Day 4, the subscription figures for Highness Microelectronics IPO stand at 0x across all categories: Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). A zero subscription across the board on the final day is highly unusual and indicates a significant lack of investor interest. Typically, by the closing day, most IPOs see substantial subscription levels, especially if there is positive sentiment. The absence of any applications in the Retail, NII, and QIB segments suggests that investors are either waiting for last-minute filings or are holding back due to other factors. This low subscription rate could impact the overall success of the IPO and its subsequent listing performance.
| 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 currently stands at ₹30. This represents a positive movement from yesterday’s GMP of ₹26, indicating an increase of ₹4. The current GMP of ₹30, when added to the issue price of ₹114, suggests an expected listing price of approximately ₹144 per share. While the increasing GMP is a favorable sign, it needs to be considered in conjunction with the subscription data. A rising GMP usually reflects strong demand in the grey market, but the stark contrast with the zero subscription in the official channels warrants caution. Investors should note that GMP is an unofficial indicator and is not regulated by SEBI.
Should You Apply?
The decision to apply for the Highness Microelectronics IPO on its closing day presents a complex scenario. The zero subscription figures across all categories are a significant red flag, suggesting a potential lack of confidence from institutional and retail investors alike. However, the rising GMP to ₹30 offers a glimmer of optimism, hinting at potential listing gains. Given the conflicting signals, it is advisable for potential investors to exercise extreme caution. It is crucial to conduct thorough due diligence on the company’s fundamentals and future prospects. Investors should also consult with SEBI-registered investment advisors before making any investment decisions. Remember, the lot size for this IPO is 1200 shares.
The IPO period for Highness Microelectronics was from March 24, 2026, to March 27, 2026, with an issue price of ₹114.