Highness Microelectronics Ltd, an ISO 9001:2015 and ISO 13485:2016 certified company, is launching a ₹21.67 crore SME IPO on BSE SME from March 24–27, 2026 at ₹114–₹120 per share, offering vertically integrated digital imaging solutions.

Highness Microelectronics IPO – Complete Details

Business & Financial Snapshot

Core Business: Designs, develops and manufactures digital imaging solutions – cameras, modules, and related electronics for industrial, medical, security and consumer applications.

Company Financials (Restated)

Use of Fresh Issue Proceeds (₹19 Cr):

• Manufacturing capacity expansion

• R&D and product development
• Working capital requirements
• General corporate purposes

Strengths of Highness Microelectronics IPO

• Niche digital imaging expertise with ISO 9001 & 13485 certifications for quality and medical standards
• Vertically integrated model from design to manufacturing reduces dependency risks
• Diverse applications across industrial, medical, security sectors provide revenue stability
• Small SME size (₹21.67 Cr) typically attracts strong retail subscription

Risks of Highness Microelectronics IPO

• Small revenue base ₹14.17 Cr indicates early-stage scale limitations
• OFS component ₹2 Cr shows partial promoter exit
• BSE SME listing means lower liquidity vs mainboard
• Technology obsolescence risk in fast-evolving imaging/electronics sector
• Customer concentration potential in niche B2B segments

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services 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 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 IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro 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. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

1. What are the Highness Microelectronics IPO dates and price band?
IPO opens 24 March 2026, closes 27 March 2026. Price band ₹114–₹120, lot size 1,200 shares (retail minimum 2 lots = ₹2,88,000 at upper band).

2. What is the current subscription status and GMP?
Day 1: QIB 0.01x, NII 2.26x, Retail 1.73x, Total 1.35x. GMP ₹20 (~16.7% premium), estimated listing price ~₹140.

3. What business does Highness Microelectronics do?
Designs, develops and manufactures digital imaging solutions (cameras, modules) for industrial, medical, security and consumer applications. ISO 9001:2015 and ISO 13485:2016 certified.

4. When will shares list and what is the allotment timeline?
Allotment 30 March 2026, refunds/demat credit 1 April 2026, listing 2 April 2026 on BSE SME platform.

5. Is Highness Microelectronics IPO good for listing gains?
Decent subscription + GMP ₹20 suggests 15-20% listing gains possible. Suitable for short-term traders comfortable with SME liquidity, but study business fundamentals for longer hold.