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Sai Parenteral's IPO Details

Bookbuilding IPO | ₹440 Cr | Listing at BSE, NSE | Tue, Mar 24, 2026 - Fri, Mar 27, 2026

Highness Microelectronics IPO is a book build issue of ₹21.67 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to ₹19.84 crores and offer for sale of 0.02 crore shares aggregating to ₹1.83 crores.

Highness Microelectronics IPO bidding opened for subscription on Mar 24, 2026 and will close on Mar 27, 2026. The allotment for the Highness Microelectronics IPO is expected to be finalized on Mar 30, 2026. Highness Microelectronics IPO will list on the BSE SME with a tentative listing date fixed as Apr 2, 2026.

Highness Microelectronics IPO is set issue price band at ₹114 to ₹120 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,88,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,32,000.

 

Fintellectual Corporate Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rainbow Securities Pvt.Ltd..

Refer to Highness Microelectronics IPO RHP  for detailed Information.

IPO Open

Tue, Mar 24, 2026

IPO Close

Fri, Mar 27, 2026

Price Band

₹120 per share

Market Cap (Pre-IPO)

₹61.96 Cr

IPO Details

  • IPO Date
    24 to 27 Mar, 2026
  • Listing Date
    Thu, Apr 2, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹114 to ₹120
  • Issue Price
    ₹120 per share
  • Lot Size
    1,200 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    18,06,000 shares (agg. up to ₹22 Cr)
  • Reserved for Market Maker
    91,200 shares (agg. up to ₹1 Cr) Rainbow Securities Pvt.Ltd.
  • Fresh Issue (Ex Market Maker)
    15,62,400 shares (agg. up to ₹19 Cr)
  • Net Offered to Public
    17,14,800 shares (agg. up to ₹21 Cr)
  • Share Holding Pre Issue
    35,10,000 shares
  • Share Holding Post Issue
    51,63,600 shares

IPO Timetable (Tentative)

  • IPO Open
    Tue, Mar 24, 2026
  • Allotment
    Mon, Mar 30, 2026
  • Credit of Shares
    Wed, Apr 1, 2026
  • IPO Close
    Fri, Mar 27, 2026
  • Refund
    Wed, Apr 1, 2026
  • Listing
    Thu, Apr 2, 2026

IPO Reservation

Highness Microelectronics IPO offers total 18,06,000 shares. Out of which 8,53,200 (47.24%) allocated to QIB, 2,59,200 (14.35%) allocated to NII 6,02,400 (33.36%) allocated to RII and 5,11,200 (28.31%) allocated to Anchor investors.

Investor Category Shares Offered % of Net Issue % of Total Issue
QIB Shares Offered 8,53,200 49.76% 47.24%
  − Anchor Investor Shares Offered 5,11,200 28.31%
  − QIB (Ex. Anchor) Shares Offered 3,42,000 18.94%
NII (HNI) Shares Offered 2,59,200 15.12% 14.35%
  − bNII > ₹10L 1,72,800 9.57%
  − sNII < ₹10L 86,400 4.78%
Retail Shares Offered 6,02,400 35.13% 33.36%
Firm Reservations
Market Maker Shares Offered 91,200 5.05%
Total Shares Offered 18,06,000 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 2,400 ₹2,88,000
Individual investors (Retail) (Max) 2 2,400 ₹2,88,000
S-HNI (Min) 3 3,600 ₹4,32,000
S-HNI (Max) 6 7,200 ₹8,64,000
B-HNI (Min) 7 8,400 ₹10,08,000

IPO Subscription Detail

IPO Anchor Investors

Highness Microelectronics IPO raises ₹6.13 crore from anchor investors. Highness Microelectronics IPO Anchor bid date is March 23, 2026.
📝 Anchor Investors Letter (PDF)

Bid Date Mon, Mar 23, 2026
Shares Offered 5,11,200
Anchor Portion (₹ Cr.) 6.13
Anchor lock-in period end date for 50% shares (30 Days) Wed, Apr 29, 2026
Anchor lock-in period end date for remaining shares (90 Days) Sun, Jun 28, 2026
IPO Anchor Investors List

About Highness Microelectronics Ltd.

Incorporated in 2007, Highness Microelectronics Limited is an ISO 9001:2015 and ISO 13485:2016 certified company that designs, develops, assembles, and manufactures digital imaging solutions. The company offers two main types of products:

1. Off-the-Shelf Products: These includes Flat Panel Displays like TFT and LCD modules , Display Controllers. Electroluminescent and Vacuum Fluorescent Displays, Touch Screens, Cable Assemblies and Harnesses, Backlight Drivers & Inverters, Display Enhancement Solutions.

Display Enhancement Solutions includes high brightness for outdoor and sunlight, wide temperature range for harsh environments, EMI shielding for critical operations. NVIS (Night Vision) compatibility, Optical bonding for better clarity, Vandal-proofing and cover glass for anti-glare, anti-reflection, and anti-smudge protection

2. Market-Specific Solutions / Projects: It offers customized display monitors in formats like Open-frame, Panel-mount, Industrial-grade, and Medical-grade used across industries like Industrial Automation, Medical and Healthcare, Transportation (Trains, Metros, Automobiles), and Surveillance and Defence.

Competitive Strengths:

  • Quality Standards and ISO certified organization
  • Customization Expertise
  • Strong relationship with customers
  • Weather-Resistant Display Solutions

Company Financials (Restated)

Period Ended 31 Dec 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 24.03 14.31 8.20 4.78
Total Income 14.41 14.17 10.99 9.91
Profit After Tax 3.41 2.52 2.39 0.44
EBITDA 5.55 4.52 5.97 3.13
NET Worth 10.03 6.62 4.10 1.71
Reserves and Surplus 6.52 3.11 4.09 1.70
Total Borrowing 8.20 4.93 1.38 1.36
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding the capital expenditure towards setting up an assembly line at factory situated at R-364, TTC Industrial Area, Rabale, Mumbai-400701
    5.27
  • 2 Funding the working capital requirement of our Company.
    6.71
  • 3 Repayment and/or pre-payment, in full or part, of borrowing availed by our Company.
    1.89
  • 4 General Corporate Purposes *
  • Total
    13.87

Key Performance Indicator (KPI)

KPI Dec 31, 2025 Mar 31, 2025
ROE 40.97% 47.09%
ROCE 36.88% 42.09%
Debt/Equity 0.82 0.74
RoNW 40.97% 47.09%
EBITDA Margin 39.26% 32.11%
Price to Book Value 4.20 6.37
Pre IPO Post IPO
EPS (₹) 7.19 8.81
P/E (x) 16.7 13.63
Promoter Holding 99.90% 64.96%
Market Cap ₹61.96 Cr.
Mr. Gaurav Manjul Kejriwal, Mr. Manjul Kumar Kejriwal, and Mrs. Shruti Gaurav Kejriwal are the company promoters.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2025 available in RHP.

IPO Review

[Dilip Davda]

HML is engaged in the design, development, integration, assembly and manufacture of digital imaging solutions. Boosted bottom lines from FY24 onwards raise eyebrows and concern over its sustainability going forward. Based on its recent earnings, the issue appears aggressively priced. Tiny paid-up equity capital post listing hints at longer gestation period for migration. Only well-informed/cash surplus/risk seekers may park moderate funds for medium term.

Read detail review…

Highness Microelectronics IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 1
Members 0 0 0 0

IPO Subscription Status

The Highness Microelectronics IPO is subscribed 193.91 times on March 27, 2026 6:54:43 PM (Day 3). The public issue subscribed 185.11 times in the individual investors category, 81.95 times in the QIB category, and 362.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (x) Shares Offered Shares bid for Total Applications
QIB (Ex Anchor) 81.95 3,42,000 2,80,26,000 0
NII* 362.12 2,59,200 9,38,60,400 0
    bNII (> ₹10L) 437.22 1,72,800 7,55,50,800
    sNII (< ₹10L) 211.92 86,400 1,83,09,600
Individual Investor 185.11 6,02,400 11,15,08,800 0
Total 193.91 12,03,600 23,33,95,200 60,390

Total Applications: 60,390

*Market Maker portion is not included to NII/HNI.

IPO Registrar

Skyline Financial Services Pvt.Ltd.

IPO Lead Manager(s)

  1. Fintellectual Corporate Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Highness Microelectronics Ltd. Address
Office 1C3, 1st Floor, Gundecha Onclave,
Kherani Road, Saki Vihar,
Andheri (East),
Mumbai, Maharashtra, 400072

IPO FAQs

Highness Microelectronics IPO is a SME IPO of 18,06,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200.

The IPO opens on Tue, Mar 24, 2026, and closes on Fri, Mar 27, 2026.

Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Highness Microelectronics IPO using UPI as a payment gateway. Angel One customers can apply in Highness Microelectronics IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Highness Microelectronics IPO through Angel One

  1. Visit the Angel One website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Highness Microelectronics IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Angel One IPO Application Process Review for more detail.

The Highness Microelectronics IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026.

Highness Microelectronics IPO lot size is 1200, and the minimum amount required for application is ₹2,88,000, with 2 lots being the minimum application size.

You can apply in Highness Microelectronics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Highness Microelectronics IPO will be done on Monday, March 30, 2026, and the allotted shares will be credited to your demat account by Wed, Apr 1, 2026. Check the Highness Microelectronics IPO allotment status.

The Highness Microelectronics IPO listing date is not yet announced. The tentative date of listing is Thu, Apr 2, 2026.

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