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| Prospectus synopsis |
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Phone:022-2850 7123 Fax:
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| Initial public offer of 18,06,000 equity shares of face value of Rs.10/- each of Highness Microelectronics Limited (the "Company" or the "Offeror ") at an offer price of Rs. 120 per equity share (Including a Share Premium of Rs. 110 Per Equity Share) for cash, aggregating to Rs. 21.67 Crore ("Public Offer") comprising of a fresh issue of 16,53,600 equity shares aggregating to Rs. 19.84 Crore (the "Fresh Issue") and an offer for sale of 38,400 equity shares by Gaurav Manjul Kejriwal and 1,14,000 equity shares by Manjul Kumar Kejriwal ("The Promoter Selling Shareholders"),aggregating to 1,52,400 equity shares by the promoter selling shareholders ("Offer For Sale") aggregating to Rs. 1.83 Crore, out of which 91,200 equity shares of face value of Rs. 10/- each at an offer price of Rs. 120 per equity share including a share premium of Rs. 110 per equity share aggregating to Rs. 1.09 Crore will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. Net offer of 17,14,800 equity shares of face value of Rs. 10/- each at an offer price of Rs. 120 per equity share including a share premium of Rs. 110 per equity share aggregating to Rs.20.58 Crore is herein after referred to as the "Net Offer". The offer and the net offer will constitute 34.98% and 33.21%, respectively, of the post offer paid up equity share capital of the company.
Price Band: Rs. 120/- per equity share of face value Rs. 10/- each.
The floor price is 12.0 times the face value of the equity.
Bids can be made for a minimum of 2 lots and in multiples of 1200 equity shares thereafter.
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| 24-Mar-26 |
27-Mar-26 |
Rs
120.00-0.00
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Rs
0.00-0.00
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| Minimum Application for shares in Nos :
2400
Further Multiples of :
1200
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| Project Cost |
0.00 |
| Fintellectual Corporate Advisors Private Limited |
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| Project Financed through Current Offer |
21.67 |
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| Post Issue Equity Share Capital |
5.16 |
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| Issue Price |
Rs.120.00
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Funding the capital expenditure towards setting up an assembly line at factory situated at R-364, TTC Industrial Area
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Funding the working capital requirement of the Company
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Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
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General Corporate Purposes
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