Highness Microelectronics has launched its SME IPO, which opened for subscription on March 24 and will remain available for investors for a few days. The issue aims to raise around Rs. 21.67 cr. to support business expansion.
The company operates in the digital imaging solutions space and has an integrated business model. Funds raised from the IPO will be used for growth initiatives and strengthening operations.
SME IPOs like this are generally smaller in size but can offer niche opportunities. However, investor participation in such issues remains cautious due to market uncertainty.
