The
allotment of Highway Infrastructure Ltd’s IPO will be finalized on Friday,
August 8, 2025, following a record-breaking investor response. This public
offering has quickly become one of the most talked-about IPOs of FY26.
Massive
Subscription Figures
NSE data shows the IPO was subscribed an astounding 300.61 times overall:
- QIBs: 420.57 times
- NIIs: 447.32 times
- Retail: 155.58 times
Issue
Structure & Price
The ₹130 crore book-built issue included a ₹97.52 crore fresh issue and a
₹32.48 crore offer for sale by promoters Arun Kumar Jain and Anoop Agrawal. The
price band was ₹65–₹70 per share, with a lot size of 211 shares for retail
investors. The company also raised ₹23.40 crore from anchor investors. Proceeds
will be used for ₹65 crore in working capital and other corporate needs.
Company
Overview
Founded in 1995, Highway Infrastructure operates in toll collection, EPC
(Engineering, Procurement & Construction) projects, and real estate. Toll
collection is the largest revenue source. Financials show steady growth—revenue rose from ₹456.83 crore in FY23 to ₹576.58 crore in FY24, with net
profits improving from ₹13.80 crore to ₹21.41 crore. FY25 posted ₹504.48 crore in revenue and ₹22.40 crore in profit.
Grey
Market Premium & Listing
According to market trackers, the IPO’s grey market premium stands at ₹40,
suggesting a potential listing price of around ₹110—a gain of over 50% from
the issue price.
Key
Dates
- Allotment: August 8, 2025
- Share Credit / Refunds: August 11, 2025
- Listing: August 12, 2025 (BSE &
NSE)
Expert
Opinion
Bajaj Broking recommends “Subscribe for Long Term,” citing strong fundamentals
and steady revenue streams, but advises investors to assess long-term prospects
beyond listing gains.
Disclaimer:
This content is for informational purposes only. IPO and GMP data are based on
public sources. Investing in the stock market involves risks; seek professional
advice before investing.
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