March, 20 2026 Friday 09:47 Hrs
Last update 11-9-2025
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IPO Synopsis

Highness Microelectronics Ltd
Initial public offer of upto 18,06,000 equity shares of face value of Rs. 10/- each of Highness Microelectronics Limited (the "Company" or the "Offeror ") at an offer price of Rs. 120 per equity share (Including a Share Premium of Rs. 110 Per Equity Share) for cash, aggregating upto Rs. 21.67 Crore ("Public Offer") comprising of a fresh issue upto 16,53,600 equity shares aggregating to Rs. 19.84 Crore (the "Fresh Issue") and an offer for sale of upto 38,400 equity shares by Gaurav Manjul Kejriwal and upto 1,14,000 equity shares by Manjul Kumar Kejriwal ("The Promoter Selling Shareholders"),aggregating upto 1,52,400 equity shares by the promoter selling shareholders ("Offer For Sale") aggregating upto Rs. 1.83 Crore, out of which 91,200 equity shares of face value of Rs. 10/- each at an offer price of Rs. 120 per equity share including a share premium of Rs. 110 per equity share aggregating to Rs. 1.09 Crore will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. Net offer of 17,14,800 equity shares of face value of Rs. 10/- each at an offer price of Rs. 120 per equity share including a share premium of Rs. 110 per equity share aggregating to Rs. 20.58 Crore is herein after referred to as the "Net Offer". The offer and the net offer will constitute 34.98% and 33.21%, respectively, of the post offer paid up equity share capital of the company. Price Band: Rs. 114/- to Rs. 120/- per equity share of face value Rs. 10/- each. The floor price is 11.4 times the face value and cap price is 12.0 times the face value of the equity. Bids can be made for a minimum of 2 lots and in multiples of 1200 equity shares thereafter.
Issue
Opens On Closes On
24-Mar-26 27-Mar-26
Money Payable On
Application Allotment
114.00 0.00
Minimum Application for shares in Nos : 2400 Further Multiples of : 1200
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 Fintellectual Corporate Advisors Private Limited
Project Financed through Current Offer (.Cr) 20.59  
Post Issue Equity Share Capital (.Cr) 5.16
Issue Price () 114.00
Projects
Funding the capital expenditure towards setting up an assembly line at factory situated at R-364, TTC Industrial Area
Funding the working capital requirement of the Company
Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
General Corporate Purposes
Promoted By
Gaurav Manjul Kejriwal
Manjul Kumar Kejriwal
Shruti Gaurav Kejriwal
Listing At
BSE - SME
Registrar to the Issue
Skyline Financial Services Pvt
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