Highness Microelectronics IPO Day 5: GMP ₹30, Subscription 35.0x
As the IPO of Highness Microelectronics on the BSE SME platform enters its final day, Day 5, investors are keenly observing the subscription numbers and Grey Market Premium (GMP) for the last opportunities to apply. The IPO, which opened on March 24, 2026, and closes on March 27, 2026, has seen a significant surge in overall subscription, driven by strong demand in certain investor categories.
| 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
The overall subscription for Highness Microelectronics IPO has reached an impressive 35 times the offered shares by the end of Day 5. While the retail investor category is marked at 0x, indicating no retail subscription as of the final day, the Non-Institutional Investor (NII) and Qualified Institutional Buyer (QIB) categories also show 0x subscription. This unusual subscription pattern suggests a strategic allocation or a last-minute rush expected from these segments, or potentially that the bulk of the demand has come from HNI (High Net Worth Individuals) which is often grouped under NII. The substantial overall subscription, however, points towards significant investor interest in the company’s prospects.
| 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 figure has remained unchanged from the previous day. The issue price for the IPO is set at ₹114 per share. With the current GMP of ₹30, the expected listing price is around ₹144 (Issue Price + GMP). This indicates a positive sentiment in the grey market, suggesting that investors are anticipating a decent listing gain for the company.
Should You Apply?
The decision to apply for the Highness Microelectronics IPO hinges on a balanced assessment of its subscription status and GMP. The overall subscription of 35x is a strong indicator of demand. However, the peculiar 0x subscription in Retail, NII, and QIB segments warrants further investigation or a cautious approach. The current GMP of ₹30, suggesting an expected listing price of ₹144, presents a potential gain of approximately 26% over the issue price. As per SEBI advisories, it is prudent for investors to conduct thorough research on the company’s fundamentals, management quality, and future growth prospects before making an investment decision. Investors can View Full Highness Microelectronics IPO Details for more comprehensive information.