Highness Microelectronics IPO Allotment Date Draws Near: Understanding GMP and Checking Status

Highness Microelectronics IPO Update

Allotment Date: The allotment of shares for the Highness Microelectronics IPO will take place on Monday, March 30. Investors can check their allotment status on the registrar's portal, Skyline Financial Services Private Ltd.

Refund Process: The initiation of the refund process will start on Wednesday, April 1 for individuals not allotted shares. Those allotted shares will receive them in their demat accounts on the same day.

Listing Date: The Highness Microelectronics IPO listing date has been fixed for Thursday, April 2 on BSE SME.

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Checking Allotment Status:

• Visit the website of the IPO registrar, Skyline Financial Services Private Ltd. at https://www.skylinerta.com/ipo.php
• Select the IPO from the dropdown menu
• Choose one of the three options to verify the status: Application No, Demat Account, or PAN
• Enter the required identifiers (PAN, application number, or beneficiary ID) and click the 'Submit' button
• The IPO status and the number of shares allotted will be displayed on the screen

Checking Allotment Status on BSE:

• Visit the official BSE website at https://www.bseindia.com/investors/appli_check.aspx
• Choose 'Equity' in the 'Issue Type' category
• Select the IPO from the dropdown menu under 'Issue Name'
• Enter your PAN or application number
• Click on 'I am not a Robot' and then hit the 'Submit' button

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Grey Market Premium (GMP): The current GMP for Highness Microelectronics IPO is ₹25, indicating an estimated listing price of ₹145 per share, which is 20.83% higher than the IPO price of ₹120.