Highness Microelectronics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹120
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,44,000
Issue Size
₹21.67 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.13%
QIB Quota
49.75%
NII Quota
15.12%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Highness Microelectronics Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.9%
Promoter Holding (Post-Issue)
64.96%
Issue Type
Book Building - SME
ISIN
INE1KI801019
About the Company
Highness Microelectronics Limited is an ISO 9001:2015 and ISO 13485:2016 certified Company, engaged in the Design, Development, Integration, Assembly and Manufacture of Digital-Imaging Solutions. Our Company operates in two main categories namely `Off the Shelf Products' and `Market Specific Solutions / Project'.
Industry Overview
The Indian electronics system design and manufacturing (ESDM) sector is one of the fastest growing sectors in the economy and is witnessing a strong expansion in the country. The ESDM market in India is well known internationally for its potential for consumption and has experienced constant growth. The Electronics System Design & Manufacturing (ESDM) industry includes electronic hardware products and components relating to information technology (IT), office automation, telecom, consumer electronics, aviation, aerospace, defence, solar photovoltaic, nano electronics and medical electronics. The industry also includes designrelated activities such as product designing, chip designing, Very Large-Scale Integration (VLSI), board designing and embedded systems. The Electronics System Design & Manufacturing (ESDM) sector plays a vital role in the government's goal of generating US$ 1 trillion of economic value from the digital economy by 2025. With various government initiatives aiming to boost domestic manufacturing, India has already started witnessing initial movement with increased production and assembly activities across products such as mobile phones and other consumer electronics.
Company History
Our company was originally incorporated on September 6, 2007, as a private limited company under the name and style of `Highness Micro Electronics Private Limited', under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Mumbai. Further, pursuant to a resolution passed by our shareholders in its meeting held on February 8, 2008, the name of our company was changed to `Highness Microelectronics Private Limited' and a fresh certificate of incorporation dated March 5, 2008, was issued by the Registrar of Companies, Mumbai. Subsequently, our company was converted into a public limited company pursuant to a resolution passed by the shareholders in an extraordinary general meeting held on August 31, 2024, and the name of our company was changed to `Highness Microelectronics Limited' vide fresh certificate of incorporation dated November 11, 2024, was issued by the Registrar of Companies, Central Processing Centre. The corporate identification number of our company is U72900MH2007PLC173854.
Products & Services
- The Company is engaged in the Design, Development, Integration, Assembly and Manufacture of Digital-Imaging Solutions.
Growth Strategy
- Expand and Improve Our Product Range.
- Maintain High Quality Standards.
- Maintain Strong Relationships with Suppliers, Customers, and Employees.
- Attract and Keep Employees.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 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 to Rs. 21.67 Crore ("Public Offer") comprising of a fresh issue of 16,53,600 equity shares aggregating to Rs. 19.84 Crore (the "Fresh Issue") and an offer for sale of 38,400 equity shares by Gaurav Manjul Kejriwal and 1,14,000 equity shares by Manjul Kumar Kejriwal ("The Promoter Selling Shareholders"),aggregating to 1,52,400 equity shares by the promoter selling shareholders ("Offer For Sale") aggregating to 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. 120/- per equity share of face value Rs. 10/- each. The floor 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.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Quality Assurance and Quality Control of our products.
- Experienced and Qualified Management and Employee base.
- Strong, cordial & long-term relationship with our clients.
- Tailored/ Customised solutions to Customers as per their requirements.
- Wide range of product portfolio.
- The company's manufacturing activity is dependent on the availability and cost of raw materials. Any shortage in supply, fluctuations in raw material prices, restrictions on imports, or an increase in shipment costs may adversely affect its business operations, financial condition, results of operations, and cash flows.
- The company relies on limited suppliers for its products, loss of these suppliers may have an adverse effect on the company's business, results of operations and financial conditions.
- The company sources its majority of the raw materials from international market i.e. China. Any adverse developments affecting the company's procurement in this region could have an adverse impact on its revenue and results of operations
- The company is dependent on certain customers and the loss of any of these customers or cancellation by customers or a delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.
- The company's business has experienced employee attrition over the past three financial years, which may impact operational continuity and increase recruitment and training costs. High turnover could also affect the retention of key talent and expertise critical to the company's growth and performance.