New Delhi, 02 April (H.S.):
Shares of Highness Micro Electronics Limited, a company specializing in digital imaging solutions, entered the stock market today with a premium listing, delighting its IPO investors. Issued at ₹120 per share through the IPO, the stock debuted at ₹125 on the BSE SME platform—a 4.16% premium.
Post-listing buying propelled the shares up to ₹130, though profit-taking later induced a slight dip. By 12:30 PM, trading saw the stock at ₹129.80, delivering IPO investors a gain of ₹9.80 per share, or 8.17%.
IPO Details
The ₹21.67 crore IPO opened for subscription from March 24 to 27 and garnered an overwhelming response, achieving 193.91 times overall subscription. The qualified institutional buyers (QIB) portion (excluding anchors) was subscribed 81.95 times, non-institutional investors (NII) 362.12 times, and retail investors 185.11 times their reserved portions. It included 18.06 lakh shares of ₹10 face value: 16,53,600 fresh shares and 1,52,400 via offer for sale, with proceeds allocated for setting up an assembly line at its Mumbai factory, debt reduction, working capital, and general corporate purposes.
Financial Performance
As claimed in the Draft Red Herring Prospectus (DRHP) filed with SEBI, the company's financial position has strengthened consistently. Net profit rose from ₹44 lakh in FY 2022-23 to ₹2.39 crore in FY 2023-24 and ₹2.52 crore in FY 2024-25; for the period April to December 31, 2025, it reached ₹3.41 crore.
Revenue grew steadily: ₹9.91 crore in FY 2022-23, ₹10.99 crore in FY 2023-24, ₹14.17 crore in FY 2024-25, and ₹14.41 crore from April to December 31, 2025.
Debt and Reserves Trends
Debt burden increased over time: ₹1.36 crore at FY 2022-23 end, ₹1.38 crore in FY 2023-24, ₹4.93 crore in FY 2024-25, and ₹8.20 crore as of December 31, 2025. Reserves and surplus fluctuated mildly: ₹1.70 crore in FY 2022-23, rising to ₹4.09 crore in FY 2023-24, dipping to ₹3.11 crore in FY 2024-25, and reaching ₹6.52 crore by December 31, 2025.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹3.13 crore in FY 2022-23, climbed to ₹5.97 crore in FY 2023-24, fell to ₹4.52 crore in FY 2024-25, and was ₹5.55 crore as of December 31, 2025.
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Hindusthan Samachar / Jun Sarkar
