Highness Microelectronics IPO GMP Today, Price & Details
Highness Microelectronics IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Highness Microelectronics
Highness Microelectronics is set to launch its Initial Public Offering (IPO) on the BSE SME platform, aiming to raise ₹21.67 crore. The company operates in the electronics manufacturing sector, specifically focusing on microelectronics. This IPO comprises a fresh issue of ₹19.84 crore, intended to fund the company's growth initiatives and working capital needs, alongside an Offer for Sale (OFS) of ₹1.83 crore, allowing some existing stakeholders to exit.
With a reported revenue of ₹14.13 crore and a Profit After Tax (PAT) of ₹3.41 crore, Highness Microelectronics demonstrates a profitable operational history. The company's financial performance indicates strong profitability margins and efficient asset utilization. The fresh capital infusion is expected to bolster its capacity and market reach, positioning it to capitalize on opportunities within the burgeoning electronics manufacturing landscape in India.
The dual structure of the IPO, with a significant portion dedicated to a fresh issue, suggests a strategic move towards expanding its operational scale and potentially developing new product lines or enhancing existing manufacturing capabilities. This offering provides an opportunity for investors to participate in the growth trajectory of a company in a sector that is increasingly vital to India's industrial development.
Highness Microelectronics IPO — Investment Analysis
Highness Microelectronics' IPO presents a valuation that warrants careful consideration. The issue is priced at ₹114 per share, with a reported Earnings Per Share (EPS) of ₹7.19, resulting in a Price-to-Earnings (P/E) ratio of 15.87x. While this P/E ratio appears reasonable when compared to the broader market, its appropriateness for an SME listing needs to be assessed against comparable companies in the microelectronics or specialized electronics manufacturing space.
The price-to-book value can be inferred from the Net Asset Value (NAV) of ₹18.85 per share, suggesting a price-to-book multiple of approximately 6.05x (₹114 / ₹18.85), which might be on the higher side for an SME. Financially, Highness Microelectronics exhibits commendable health. Its revenue stood at ₹14.13 crore, with a robust PAT of ₹3.41 crore, translating to a healthy Profit After Tax (PAT) margin of approximately 24.13% (₹3.41 Cr / ₹14.13 Cr).
The EBITDA margin of 32.11% further highlights strong operational efficiency. The company's return ratios are particularly impressive, with a Return on Net Worth (RONW) of 47.09% and a Return on Capital Employed (ROCE) of 42.09%. These high ratios indicate that the company is effectively generating profits from its equity base and invested capital, signaling strong business quality.
Based on the available financials, the company appears to be on a growth trajectory, evidenced by its profitability and return metrics. The substantial fresh issue component of ₹19.84 crore is earmarked for working capital and general corporate purposes, which could fuel further expansion and operational efficiency. However, key risks include the inherent volatility associated with SME IPOs, which often have a limited track record and may be subject to greater price fluctuations.
The OFS component, though small, means that a portion of the capital raised is not directly going towards business expansion. Sector-specific risks, such as technological obsolescence or intense competition in the microelectronics industry, also need to be factored in. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Highness Microelectronics IPO — Pros & Cons
Strengths
- The company demonstrates strong profitability with a PAT of ₹3.41 Cr on revenues of ₹14.13 Cr, indicating robust operational efficiency and pricing power. This profitability is crucial for sustainable growth and investor returns.
- High return ratios, including a RONW of 47.09% and ROCE of 42.09%, showcase the company's exceptional ability to generate profits from its assets and shareholder equity. This suggests efficient capital deployment and a high-quality business model.
- The substantial fresh issue of ₹19.84 Cr in the IPO provides significant capital for business expansion and working capital needs. This infusion is vital for Highness Microelectronics to scale its operations and seize market opportunities.
- A healthy EBITDA margin of 32.11% underscores the company's strong operational efficiency and cost management. This margin indicates that the core business operations are highly profitable before accounting for interest, taxes, depreciation, and amortization.
- The P/E ratio of 15.87x, based on an EPS of ₹7.19, appears reasonable within the context of the current market, especially for a company exhibiting strong financial performance. This suggests the IPO valuation might offer an attractive entry point if growth prospects are realized.
Risks
- As an SME IPO, Highness Microelectronics may have a more limited operating history and financial track record compared to mainboard-listed companies. This can increase investment risk due to potential uncertainties in future performance.
- The Offer for Sale (OFS) component of ₹1.83 Cr means that a portion of the IPO proceeds will go to selling shareholders rather than being directly injected into the company for growth. This limits the quantum of fresh capital available for expansion.
- While the P/E ratio of 15.87x seems reasonable, the price-to-book value, indicated by a NAV of ₹18.85 and an issue price of ₹114, is approximately 6.05x. This valuation might be considered high for an SME, potentially limiting upside if growth expectations are not met.
- The microelectronics sector is characterized by rapid technological advancements and intense competition. Highness Microelectronics could face challenges from evolving technologies and aggressive market players, impacting its competitive edge and profitability.
- The lot size of 1200 shares requires a minimum investment of ₹136,800 (1200 shares * ₹114), which might be a significant outlay for retail investors. This could limit participation from smaller investors and concentrate risk for those who invest the minimum amount.
Highness Microelectronics IPO Details
| Company Name | Highness Microelectronics |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹114 - ₹114 |
| Face Value | ₹10 per share |
| Lot Size | 1200 shares |
| Min Investment | ₹136,800 |
| Total Issue Size | ₹21.67 Cr |
|---|---|
| Fresh Issue | ₹19.84 Cr |
| Offer for Sale | ₹1.83 Cr |
| IPO Status | Listed |
Highness Microelectronics IPO Dates
Highness Microelectronics IPO Subscription Status
Day-wise Subscription Trend
| Date | Retail | NII/HNI | QIB | Total |
|---|---|---|---|---|
| 01 Apr 2026 | 184.67x | 362.43x | 81.95x | 193.76x |
| 27 Mar 2026 | 184.67x | 362.43x | 81.95x | 193.76x |
| 25 Mar 2026 | 12.25x | 12.13x | 0.04x | 8.75x |
| 24 Mar 2026 | 1.73x | 2.26x | 0.01x | 1.35x |
Highness Microelectronics IPO Listing Performance
Highness Microelectronics IPO listed on BSE on 02 Apr 2026 at ₹125, a premium of 9.6% over the issue price of ₹114. Investors who received allotment made a profit of ₹13,200 per lot (1200 shares) on listing day.
Highness Microelectronics IPO — Key Highlights
- Highness Microelectronics is raising ₹21.67 Cr through its IPO, with a significant ₹19.84 Cr coming from a fresh issue aimed at business growth.
- The company reported robust financials with revenue of ₹14.13 Cr and a healthy PAT of ₹3.41 Cr.
- Exceptional return ratios are highlighted by a RONW of 47.09% and ROCE of 42.09%.
- The IPO is priced at ₹114 per share, with an EPS of ₹7.19, resulting in a P/E ratio of 15.87x.
- Strong operational efficiency is evident from an EBITDA margin of 32.11%.
- The lot size is 1200 shares, requiring a minimum investment of ₹136,800 for retail investors.
Highness Microelectronics Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 |
|---|---|---|---|---|
| Revenue | 9.67 | 10.70 | 14.07 | 14.13 |
| Expenses | 9.27 | 7.83 | 10.91 | 10.16 |
| Net Income (PAT) | 0.44 | 2.39 | 2.52 | 3.41 |
Highness Microelectronics IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹7.19 |
|---|---|
| P/E Ratio | 15.87x |
| NAV | ₹18.85 |
| Debt/Equity | 0.740 |
Return Metrics
| RONW (%) | 47.09% |
|---|---|
| ROCE (%) | 42.09% |
| EBITDA Margin | 32.11% |
Highness Microelectronics IPO Reservation / Allocation
Highness Microelectronics IPO — Frequently Asked Questions
What is Highness Microelectronics IPO GMP today?
As of today, the Grey Market Premium (GMP) for Highness Microelectronics IPO is ₹20 per share, indicating a potential listing premium of 17.5% above the issue price of ₹114.
What is the price band and lot size of Highness Microelectronics IPO?
Highness Microelectronics IPO has a price band of ₹114 to ₹114 per equity share with a face value of ₹10. The minimum lot size is 1200 shares, requiring a minimum investment of ₹136,800 at the upper band.
What are the important dates for Highness Microelectronics IPO?
Highness Microelectronics IPO opens for subscription on 24 Mar 2026 and closes on 27 Mar 2026. Allotment is expected on 30 Mar 2026. The shares are expected to list on BSE on 02 Apr 2026.
What is the investor category allocation in Highness Microelectronics IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 14.13%, Non-Institutional Investors (NII/HNI): 0.00%, and Retail Individual Investors: 35.00%. Additionally, 3.41% is reserved for eligible employees.
How can I apply for Highness Microelectronics IPO?
You can apply for Highness Microelectronics IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment.
What is the subscription status of Highness Microelectronics IPO?
Highness Microelectronics IPO has been subscribed 193.76 times overall. Retail category: 184.67x, NII/HNI: 362.43x, QIB: 81.95x.
What is Highness Microelectronics IPO price band and lot size?
The Highness Microelectronics IPO has a fixed price band of ₹114 per share, meaning the issue price is set at ₹114. The face value of each share is ₹10. The lot size for this IPO is 1200 shares, so the minimum investment for a retail investor will be ₹136,800 (1200 shares x ₹114). Retail investors can apply for multiples of this lot size.
Is Highness Microelectronics IPO worth investing in?
Highness Microelectronics presents a compelling case with strong financial metrics, including impressive return ratios (RONW of 47.09%, ROCE of 42.09%) and healthy profit margins (PAT margin approx. 24.13%, EBITDA margin 32.11%). The P/E of 15.87x appears reasonable given its profitability. However, potential investors should also consider the risks associated with SME IPOs, including limited track record and sector competition. The valuation, particularly the price-to-book, warrants a closer look. Investors should consult a SEBI-registered financial advisor before making investment decisions.
What is Highness Microelectronics IPO GMP today?
Grey Market Premium (GMP) is an unofficial indicator of demand for an IPO. As of now, specific GMP data for the Highness Microelectronics IPO is not publicly available through standard channels. Any available GMP is unofficial and highly speculative, and should not be the sole basis for investment decisions. Investors should focus on the company's fundamentals and the IPO's offering details.
How to apply for Highness Microelectronics IPO?
You can apply for the Highness Microelectronics IPO through your stockbroker's trading platform using the UPI (Unified Payments Interface) facility. Alternatively, you can apply through ASBA (Application Supported by Blocked Amount) via your net banking portal provided by your bank. The registrar for this IPO is listed as 3.41. Your funds will remain blocked until the share allotment process is completed.