The scrip was listed at Rs 125, a 4.17% premium to the initial public offer (IPO) price. The stock is currently up 1.80% over its listing price.
The counter hit a high of Rs 130 and a low of Rs 125. About 8.26 lakh shares of the company changed hands at the counter.
Highness Microelectronics' IPO was subscribed 180.33 times. The issue opened for bidding on 24 March 2026 and it closed on 27 March 2026. The price band of the IPO was fixed between Rs 114 to Rs 120 per share.
The IPO comprised 18,06,000 equity shares, including a fresh issue of 16,53,600 equity shares and offer for sale (OFS) of 1,52,400 equity shares. The promoter and promoter group shareholding diluted to 64.96% from 99.90% pre-offer.
The company intends to utilise the net proceeds for funding the capital expenditure requirements of the company, funding the working capital requirement of the company, repayment or prepayment, in full or part, of borrowing availed by the company and general corporate purposes.
Ahead of the IPO, Highness Microelectronics on 23 March 2026, raised Rs 6.13 crore from anchor investors. The board allotted 5.11 lakh shares at Rs 120 each to 3 anchor investors.
Highness Microelectronics designs and manufactures digital imaging solutions, offering both ready-made products and customized solutions. Its portfolio includes display components like TFT/LCD modules, touchscreens, controllers, and related hardware, along with specialized display systems for industries such as healthcare, railways, automotive, industrial automation, and defence. As of 31 December 2025, the company had a total of 47 employees.
The company recorded revenue from operations of Rs 14.13 crore and net profit of Rs 3.41 crore for the period ended 31 December 2025.