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(19/03/2026 16:50)

Highness Microele. announces launch of initial public offering

Highness Microelectronics Ltd. has announced public offering of 1806000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 110.00 per share. The gross proceeds of the issue are expected to be Rs 2,167.20 lakhs.

The company's initial public offer (IPO) will open on Tuesday, March 24, 2026 and is expected to close on Friday, March 27, 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 114.00-120.00 per share.

The IPO includes a fresh Issue of 1806000 Equity Shares of the Company at an price of Rs 120.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Highness Microelectronics Ltd. anticipates using the proceeds of the issue for .

Fintellectual Corporate Advisors Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
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