Highway Infrastructure IPO Day 1 Subscription, GMP, Price, Dates & Expert Review
The Initial Public Offering (IPO) of Highway Infrastructure Limited opened on August 5, 2025, and got a good response from investors by 10:48 AM.
Subscription Status (Day 1, Morning Update)
Overall: 4.08 times subscribed
Retail Investors: 5.58 times
Non-Institutional Investors (NII): 3.67 times
Quick IPO Details
Grey Market Premium (GMP): ₹41
Price Range: ₹65 to ₹70 per share
IPO Dates: August 5 to August 7, 2025
Total Issue Size: ₹130 crore
Fresh Issue: ₹97.52 crore
Offer for Sale (OFS): ₹32.48 crore
Lot Size: 211 shares in one lot
Registrar: Bigshare Services Pvt Ltd
Allotment Date: August 8, 2025
Listing Date: August 12, 2025
Lead Manager: Pantomath Capital Advisors
Should You Apply? – What Experts Say
Swastika Investmart
The price looks fair at 18.06 times FY25 earnings
The company has a strong order book of ₹6,663 crore, mostly for road construction (EPC) projects
Recommendation: Good for both short-term gains and long-term investment
Fynocrat Technologies (Gaurav Goel)
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Time of India
15 hours ago
- Time of India
Highway Infrastructure IPO: Shares list at 67% premium; highest debut gains of 2025
Representative image Highway Infrastructure Limited made a strong market debut on Tuesday, delivering the highest listing gains for any stock this year. Shares opened at Rs 117 on the BSE, a 67.1% premium of Rs 47 over the issue price of Rs 70 and at Rs 115 on the NSE, up 64.3%, according to ET. The Rs 130-crore IPO , which ran from 5–7 August, drew a massive investor response, with total subscriptions reaching 316.64 times. The non-institutional investor category saw record demand at 473.10 times, while qualified institutional buyers subscribed 432.71 times and retail investors 164.48 times. The issue comprised a fresh sale of 1.39 crore shares worth Rs 97.52 crore and an offer for sale of 0.46 crore shares valued at Rs 32.48 crore by promoters. Grey market activity ahead of the listing had indicated a 34% premium, with some expectations that the stock could debut near Rs 94. Highway Infrastructure operates across toll collection, engineering-procurement-construction (EPC) projects, and selective real estate development. Its toll business, the main revenue driver, spans 11 states and one Union Territory, and includes the use of Automatic Number Plate Recognition (ANPR) and RFID-based toll systems on the Delhi–Meerut Expressway. As of August 2024, it had completed 24 tollway projects and was operating seven more, alongside 63 completed EPC works and 20 ongoing projects. The company reported FY25 revenue of Rs 504.48 crore, down 13% from FY24, but net profit rose 5% to Rs 22.40 crore. IPO proceeds will fund Rs 65 crore in working capital, with the rest allocated to general corporate purposes. Highway Infrastructure's IPO is the most subscribed in the infrastructure sector in 2025 and the third most subscribed in India's history. Managing director Arun Jain said, 'The record subscription is a testament to investor confidence in our track record and our vision for the future.' Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
News18
16 hours ago
- News18
Highway Infrastructure Limited IPO Ranks Third in the Country
NewsVoirIndore (Madhya Pradesh) [India], August 12: Setting records in the capital market is never easy, but Highway Infrastructure Limited has achieved just that. The company's mainboard IPO, coming from Indore after a gap of eight years, received such overwhelming investor confidence that it was oversubscribed 316 times, making it the third most subscribed IPO in India's history. This milestone is not only significant for the company but also marks a defining moment for Indore's business landscape, placing the city prominently on the national map. The company's shares are scheduled to list today, August 12, 2025, on the National Stock Exchange and Bombay Stock Exchange, marking the beginning of a new chapter in its growth in 1995, the company has built a strong reputation in road and bridge construction as well as toll operations. With a track record of completing projects worth over Rs. 2,000 crore approx. on time, a presence across 11 states and 1 union territory, and a diverse portfolio of EPC and toll projects, Highway Infrastructure Limited has established itself as a reliable and balanced player in the the Union Budget 2024-25, the Government of India allocated Rs. 11.11 lakh crore towards capital expenditure, with Rs. 2.78 lakh crore earmarked for the road sector. Over the next five years, more than 35,000 kilometres of new national highways are planned for construction. With its strong order book and proven execution capabilities, Highway Infrastructure Limited is well-positioned to play a significant role in this national infrastructure Director Arun Jain said, 'The record subscription is a testament to investor confidence in our track record and our vision for the future. Our aim is to expand our presence across the country and participate in larger projects to bring meaningful change to India's infrastructure landscape."Whole Time Director Anoop Agrawal said, 'With strong support and a robust order book, we are ready to set new benchmarks in technology adoption, efficiency, and quality."From the next generation, Mr. Riddharth Jain, Director, is already part of the Board, bringing fresh energy, digital thinking, and a futuristic perspective to complement the senior leadership expert CA Bhavya Mantri stated, 'The company's balanced business model, strong returns, and low debt-equity ratio make it well-prepared for sustainable growth. The enthusiastic response from investors validates this trust."From a financial standpoint, the company is in a strong position – with high returns (ROCE 16.56%, ROE 19.03%) and a low debt-equity ratio of 0.61, it is well-equipped for long-term growth. With a solid foundation, clear vision, and the trust of its investors, Highway Infrastructure Limited is ready to make a significant contribution to the nation's infrastructure story in the years ahead.(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
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