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:
| 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 | ||||
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 |
| 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 |
| IPO Date | 24 to 27 Mar, 2026 |
| Listing Date | Thu, Apr 2, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 |
| 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) |
| Fresh Issue (Ex Market Maker) | 15,62,400 shares (agg. up to ₹19 Cr) |
| Offer for Sale | 1,52,400 shares of ₹10 (agg. up to ₹2 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 |
Mr. Gaurav Manjul Kejriwal, Mr. Manjul Kumar Kejriwal, and Mrs. Shruti Gaurav Kejriwal are the company promoters.
| Share Holding Pre Issue | 99.90% |
| Share Holding Post Issue | 64.96% |
As per our analysis and Based on the information we have, this is the output.
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