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Highness Microelectronics confirms no deviation in IPO proceeds use, raising Rs 21.67 crore
05-Nov-2026, 08:57

Highness Microelectronics Limited stated that there was no deviation or variation in the utilization of proceeds from its initial public offering during the half-year ended September 30, 2026, according to a filing with the BSE Limited on November 5, 2026. The company had raised Rs 21.67 crore through the IPO on March 30, 2026, with funds allocated to capital expenditure, working capital requirements, debt repayment, general corporate purposes, and issue expenses.