New Delhi, March 24 -- Highness Microelectronics IPO day 1: The initial public offering (IPO) of digital-imaging solutions provider Highness Microelectronics opened for subscription on Tuesday, March 24. The SME IPO is a combination of a fresh issue of 16,53,600 shares and an offer for sale (OFS) of 1,52,400 shares.

The SME IPO is witnessing decent buying interest even as grey market sources indicate the stock may list at a premium on the BSE SME platform.

Meanwhile, the company raised Rs.6,13,44,000 from anchor investors ahead of the IPO, issuing 5,11,200 shares at a price of Rs.120 per share.

According to grey market sources, the GMP (grey market premium) of Highness Microelectronics shares was Rs.20 on Tuesday morning. This indicate...