Highway Infrastructure, a company engaged in tollway collection, EPC projects, and real estate development, is gearing up for its debut on the stock exchanges through an initial public offering (IPO). The IPO has received an overwhelming response from investors, with a subscription of 300.61 times on the closing day. This response signifies strong market interest in the company’s equity shares.
The IPO, valued at Rs 130 crore, received substantial bids, totaling 4,82,27,45,343 shares against 1,60,43,046 shares on offer. Notably, non-institutional investors showed significant interest with a subscription rate of 447.32 times, while the quota for Qualified Institutional Buyers (QIBs) was oversubscribed at 420.57 times. Retail Individual Investors (RIIs) also participated actively, with a subscription rate of 155.58 times.
The price band for the Highway Infrastructure IPO is set at Rs 65-70 per share, with an expected listing date of August 12, 2025. The IPO gained further attention due to its Grey Market Premium (GMP) of Rs 24 on August 11, 2025, indicating an anticipated listing price of Rs 94 per share, reflecting a gain of 34.29%. The company successfully raised Rs 23.40 crore from anchor investors, including prominent names like HDFC Bank and Abans Finance Pvt Ltd.
Founded in 1995, Highway Infrastructure Ltd specializes in road construction, maintenance, and residential projects. Pantomath Capital Advisors is serving as the sole book-running lead manager for the IPO, while Bigshare Services will act as the registrar. The IPO comprises a fresh issue of 1.39 crore shares and an offer for sale of 46.4 lakh shares, totaling Rs 130 crore.
In conclusion, the Highway Infrastructure IPO has generated significant investor interest and is poised to debut on the BSE and NSE. The company’s diverse portfolio and strong market position have contributed to the positive response to its offering. Investors are eagerly awaiting the listing date to witness the performance of Highway Infrastructure shares in the stock market.
Key Takeaways:
– Highway Infrastructure’s IPO garnered a subscription of 300.61 times, indicating strong investor demand.
– The company’s equity shares are expected to list at Rs 94 per share with a GMP of Rs 24, reflecting a gain of 34.29%.
– Non-institutional investors, QIBs, and RIIs all participated actively in the IPO, showcasing broad market interest.
– With a focus on tollway collection, EPC projects, and real estate development, Highway Infrastructure is set to make its mark in the stock market post-listing.
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