Highness Microelectronics Ltd IPO
Electronics
Price Band
₹114 – ₹120
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹288000
Issue Size
₹21.67Cr
Opens
2026-03-24
Closes
2026-03-27
Listing
02-04-2026
Subscription Status
Qualified Institutional Buyers
81.95 x
Non-Institutional Investor
267.99 x
Retail Individual Investor
183.75 x
Total
179.66 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1KI801019
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Highness Microelectronics Limited is engaged in the design, development, integration, assembly, and manufacture of digital imaging solutions. The company operates across two main categories: off-the-shelf products and market-specific solutions. Its product portfolio includes flat panel displays such as TFT and LCD modules, display controllers, electroluminescent and vacuum fluorescent displays, touch screens, cable assemblies, backlight drivers, and display enhancement solutions such as high-brightness displays, EMI shielding, and optical bonding. Under market-specific solutions, the company provides display monitors, including open-frame, panel-mount, industrial-grade, and medical-grade displays for sectors such as industrial automation, healthcare, railways, and defence. The company’s registered office is located in Andheri (East), Mumbai, and its manufacturing facility is situated in the TTC Industrial Area, Rabale, Mumbai.
Pros
- • Highness Microelectronics is ISO 9001:2015 certified for quality management systems and ISO 13485:2016 certified for medical device quality standards. It claims to follow structured standard operating procedures (SOPs) and conduct quality checks at various stages of manufacturing to ensure compliance with defined standards.
- • The company claims to have the capability to provide customised display solutions based on the technical requirements of OEM clients. This includes working closely with customers to design and deliver products tailored to specific applications and industry needs.
- • Highness Microelectronics claims to have developed weather-resistant and rugged display solutions designed to function in challenging environments. These products are built to withstand conditions such as extreme temperatures, vibrations, and outdoor exposure.
Cons
- • The company depends heavily on imported raw materials, which made up Rs 5.10 crore (92.94%), Rs 5.56 crore (89.68%), Rs 3.05 crore (84.41%), and Rs 3.31 crore (88.38%) of total purchases in the period ended December 31, 2025, FY25, FY24, and FY23, respectively. Any adverse change in raw material availability, import restrictions, shipment costs, or global price movements can negatively impact the company’s operations and margins.
- • The company relies on a limited supplier base for procurement. Its top 1 supplier accounted for Rs 3.99 crore (72.71%) in the period ended December 31, 2025, Rs 5.55 crore (89.60%) in FY25, Rs 2.92 crore (80.90%) in FY24, and Rs 3.31 crore (88.34%) in FY23, while its top 10 suppliers contributed Rs 5.41 crore (98.48%), Rs 6.04 crore (97.49%), Rs 3.50 crore (96.98%), and Rs 3.64 crore (97.18%) in the same periods, respectively. Any failure to retain these suppliers or procure materials from alternate sources on similar terms can adversely affect the company’s production and financial condition.
- • A significant portion of the company’s sourcing is concentrated in China. Imported purchases accounted for Rs 5.10 crore (92.94%), Rs 5.56 crore (89.68%), Rs 3.05 crore (84.41%), and Rs 3.31 crore (88.38%) during the period ended December 31, 2025, FY25, FY24, and FY23, respectively. Any adverse geopolitical development, tariff change, trade restriction, or logistics disruption affecting this region can negatively impact the company’s supply chain and profitability.
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