Highness Microelectronics IPO Subscribed 193.20 Times on Day 3

Highness Microelectronics Limited's initial public offering (IPO) closed its four-day subscription window with exceptional investor interest, reaching 193.20 times overall subscription by 4:49 PM on Day 3 (March 27, 2026). The ₹21.67 crore book-build issue, priced at ₹114 to ₹120 per share, received bids for 23,25,32,400 shares against 12,03,600 shares on offer, with total applications reaching 60,037.

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Subscription Status of Highness Microelectronics IPO

Here are the subscription details for Highness Microelectronics IPO Day 3, as of 4:49 PM:

Key Highlights – Day 3

• Overall subscription surged to 193.20 times on the final day, from Day 2's 8.67 times, driven by a sharp last-day surge across all investor categories.
• Non-institutional investors led with exceptional demand at 361.94 times, with bNII at 437.22 times and sNII at 211.38 times, reflecting strong HNI appetite for this digital imaging solutions SME IPO.
• Individual investors recorded strong participation at 183.75 times, rising sharply from Day 2's 12.25 times.
• Qualified institutional buyers (ex-anchor) surged to 81.95 times from 0.04 times on Day 2, indicating heavy institutional interest concentrated on the closing day.
• Total applications reached 60,037 on Day 3.
• Total applications reached 474 on Day 3

Key Highlights – Day 2

• Overall subscription reached 8.67 times, surging from Day 1's 1.35 times.
• Non-institutional investors led at 11.77 times, with bNII at 13.92 times and sNII at 7.47 times.
• Individual investors recorded strong participation at 12.25 times, improving from Day 1's 1.73 times.
• Qualified institutional buyers (ex-anchor) remained negligible at 0.04 times on Day 2.

Key Highlights – Day 1

• Overall subscription reached 1.35 times on Day 1 (March 24, 2026), reflecting strong initial investor interest in this digital imaging solutions SME IPO.
• Individual investors led opening participation at 1.73 times on Day 1.
• Non-institutional investors crossed full subscription at 2.26 times, with bNII at 2.60 times and sNII at 1.58 times on Day 1.
• Qualified institutional buyers (ex-anchor) showed negligible participation at 0.01 times on Day 1.
• Anchor investors fully subscribed their allocation of ₹6.13 crores on March 23, 2026.

About Highness Microelectronics Limited

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. Its products include flat panel displays, display controllers, touch screens, cable assemblies, backlight drivers, and display enhancement solutions for outdoor, harsh environment, and defence applications. The company serves industries including industrial automation, medical and healthcare, transportation, and surveillance and defence, offering both off-the-shelf products and customised market-specific display solutions. As of December 31, 2025, the company had a net worth of ₹10.03 crore.