New Delhi, 24 March (H.S.):

Highness Micro Electronics Limited focused on digital imaging solutions debuted its Rs 21.67 crore initial public offering today Tuesday garnering 3 percent subscription from 127 applications by 1130 am on the BSE SME platform.

Bidding wraps March 27 with allotment March 30 demat credit April 1 and listing April 2. Price band sits at Rs 114120 per share lot size 1200 shares but retail minimum two lots 2400 shares demands Rs 288000 investment. The issue totals 1806000 shares of Rs 10 face value with 1562400 fresh shares Rs 19 crore and 152400 offer for sale Rs 2 crore plus 91200 reserved for market makers.

Allocation earmarks 47.24 percent qualified institutional buyers 33.36 percent retail 14.35 percent non-institutional 5.05 percent market makers Fintelektual Corporate Advisors Pvt Ltd leads as book runner Skyline Financial Services Pvt Ltd registrar Rainbow Securities Pvt Ltd market maker.

SEBI draft filings highlight improving finances. Net profit advanced from Rs 44 lakh FY23 to Rs 2.39 crore FY24 Rs 2.52 crore FY25 and Rs 3.41 crore AprilDecember 2025. Revenue climbed from Rs 9.91 crore to Rs 10.99 crore Rs 14.17 crore alongside Rs 14.41 crore nine months debt rose to Rs 8.20 crore reserves surplus Rs 6.52 crore EBITDA Rs 5.55 crore that period.

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Hindusthan Samachar / Jun Sarkar