HIGHWAY INFRASTRUCTURE IPO FULLY SUBSCRIBED WITHIN HOURS OF OPENING FOR BIDDING
Key Highlights
The Highway Infrastructure Ltd IPO, valued at Rs 130 crore, opened for subscription on August 5, 2025, and was fully subscribed within just 40 minutes of opening.
By mid-morning on day one, the IPO had surpassed 12.4 times overall subscription, reflecting massive investor enthusiasm at the outset.
Subscription Breakdown
Retail Individual Investors (RIIs) led the subscription with a staggering over 9 times subscription of the allocated quota, showing strong participation from small investors.
Non-Institutional Investors (NIIs) subscribed over 6.5 times their quota, while participation from Qualified Institutional Buyers (QIBs) was modest in the initial hours.
The IPO includes a fresh issue of Rs 97.5 crore and an Offer-for-Sale (OFS) of Rs 32.5 crore by promoters.
Market Reaction
The Grey Market Premium (GMP) soared to around 57% above the IPO price band of Rs 70, indicating a bullish sentiment and expectations of good listing gains.
The company specializes in tollway management and EPC infrastructure projects, boasting a diversified portfolio and a strong order book exceeding Rs 660 crore.
Use of IPO Proceeds
The raised funds will primarily support working capital requirements and general corporate purposes to fuel further growth.
Listing Date
The IPO allotments are expected to be finalized by August 8, with listing targeted on the NSE SME platform on August 12, 2025.
Analyst Views
Analysts recommend a “Subscribe – Long Term” stance given the company's growth prospects, technological edge with ANPR-based tolling, and consistent financial performance.
FREQUENTLY ASKED QUESTIONS (FAQ)
Q1: When did the Highway Infrastructure IPO open for subscription?
On August 5, 2025.
Q2: How quickly was the IPO subscribed?
The IPO was fully subscribed within 40 minutes of opening.
Q3: What was the overall subscription level on day one?
It crossed 12.4 times overall subscription on day one.
Q4: Who were the primary investors subscribing to this IPO?
Retail investors showed the highest interest, followed by non-institutional investors, while initial QIB interest was limited.
Q5: What is the grey market premium (GMP) for this IPO?
The GMP surged to around 57%, significantly above the issue price band.
Published on: August 5, 2025
Published by: PAVAN
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