Highway Infrastructure Share Jumps 67% On Debut, Marks Strongest Listing Gains In 2025
Highway Infrastructure debuted strongly on BSE and NSE, opening with gains over 60%. The IPO was subscribed 300.61 times.
Highway Infrastructure Share Price: Highway Infrastructure made a strong debut on the stock exchanges, opening with gains of over 60% on both the BSE and NSE. On the BSE, the stock listed at Rs 117, marking a 67.14% premium over its IPO price of Rs 70, while on the NSE, it began trading at Rs 115, up 60%.
Highway Infra IPO Subscription Status
Highway Infrastructure Limited's initial public offering, which closed on August 7, 2025, saw an overwhelming response from investors, being subscribed 300.61 times overall. The issue received bids for 4.82 crore units against the total offer size of 1.60 crore units.
The Qualified Institutional Buyers (QIBs) portion was subscribed a massive 420.57 times, with bids for 96.43 crore units against the reserved 22.92 lakh units. Within QIBs, domestic financial institutions, including banks, FIs, and insurance companies, led the demand with bids for over 40.31 crore units, followed by others at 38.31 crore units and foreign institutional investors (FIIs) at 17.70 crore units.
The Non-Institutional Investors (NII) category attracted even higher demand, getting subscribed 447.32 times. In the segment for bids above Rs 10 lakh, the subscription stood at 457.52 times, while the Rs 2–10 lakh segment saw a subscription of 426.91 times.
Retail Individual Investors (RIIs) also participated enthusiastically, subscribing 155.58 times, with bids for 1.22 crore units against the reserved 78.57 lakh units.
Highway Infra Share Listing Today: Should you buy, sell or hold?
Narendra Solanki, Head Fundamental Research – Investment Services, Anand Rathi Shares and Stock Brokers, noted, as of May 31, 2025, the company held a consolidated order book of Rs 6,663.0 million, with Rs 595.3 million from the tollway collection segment and Rs 6,067.8 million from the EPC Infra-division.
'We expect the company to list at premium to its issue price, given the current Grey Market Premium," he said.
'At the upper price band, the company is valued at a FY25 P/E of 22.5x, with a post-issue market capitalization of Rs 5,020 million. It presents a niche opportunity in India's tollway and EPC infrastructure space, supported by consistent growth and a robust order book. The use of ANPR (Automatic Number Plate Recognition) technology in toll systems provides a competitive advantage, while the combination of toll and EPC businesses offers diversified revenue streams. Investors may consider booking partial profits on listing and holding the rest for long-term post listing," he added.
view comments
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
8 minutes ago
- Business Standard
Aurionpro Solutions shares rise 9% on winning project for Mumbai Metro
Aurionpro Solutions shares jumped 9.3 per cent on Wednesday, August 13, 2025, logging an intra-day high at ₹1,505 per share on BSE. At 12:33 PM, Aurionpro Solutions share price was trading 8.85 per cent higher at ₹1,498.1 per share. In comparison, the Sensex was 0.26 per cent higher at 80,446.21. Why were Aurionpro Solutions buzzing in trade? The buying on the counters came after the company secured a landmark Urban Mobility project for Mumbai Metro. The company has secured this order from the Mumbai Metropolitan Region Development Authority (MMRDA) to design, supply, implement, and maintain the Automatic Fare Collection (AFC) system for Mumbai Metro Lines 4 and 4A. The project is valued at nearly ₹250 crore. The multi-year project will cover the delivery and implementation of the complete solution, including the central clearing house software (CCHS) and all ticketing and payment hardware, followed by five years of maintenance and support. Following recent wins with Delhi Metro and Chennai Metro, Mumbai is the third major metro city in India to entrust Aurionpro with the development of its AFC system. The Mumbai Metro Rail Projects, developed under the aegis of MMRDA, form the longest and one of the most ambitious rapid transit systems in the country. Designed to serve Mumbai City and the wider Mumbai Metropolitan Region, the network aims to deliver a faster, more efficient, and sustainable mode of transportation, easing congestion and improving connectivity across the region. Aurionpro offers comprehensive Automatic Fare Collection (AFC) solutions, covering everything from ticketing and payment hardware to central back-office systems, mobility apps, reservation portals, and operational infrastructure such as Operation Control Centres (OCC). Its Smart Transit solutions are used globally. About Aurionpro Solutions The company is a global enterprise technology leader pioneering intuitive-tech through deep-tech IPs and scalable products. With a strong presence across Banking, Payments, Mobility, Insurance, Transit, Data Centers, and Government, Aurionpro is setting new benchmarks for AI innovation and impact. Its B2E (Business-to-Ecosystem) approach empowers entire ecosystems—driving growth, transformation, and scale across interconnected value chains.
Business Standard
8 minutes ago
- Business Standard
Minda Corporation has Delivered its Highest Ever Consolidated Revenue of Rs. 1,386 Crore and Operating Profit of Rs. 156 Crore with an Operating Margin of 11.3%
NewsVoir Delhi NCR [India], August 13: Minda Corporation Limited ('Minda Corp' or the 'Company'; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, announced its financial results for the first quarter ended June 30, 2025. Consolidated Q1 FY2026 Performance - Consolidated Revenue of Rs. 1,386 Crore, a growth of 16.2% YoY - EBITDA of Rs. 156 Crore, with an EBITDA Margin of 11.3%, up 23 bps YoY - PAT of Rs. 65 Crore with a PAT margin of 4.7% Minda Corp achieved quarterly revenue of Rs. 1,386 Crore, surpassing consensus estimates with a growth of 16.2% YoY. This performance is attributed to a strong product portfolio, an expanding customer base and a focus on product premiumisation. During the quarter, the Company reported quarterly EBITDA of Rs. 156 Crore, with a margin of 11.3%, marking a 23 bps YoY improvement. Profit Before Tax (PBT) stood at Rs. 71 Crore, with a margin of 5.1%, while Profit After Tax (PAT) reached Rs. 65 Crore, with a margin of 4.7%. Minda Corporation entered into a Joint Venture Agreement with Toyodenso to establish a Joint Venture Company in India for manufacturing and selling of advanced Automotive Switches. The partnership will provide end-to end solutions for automotive switches across two-wheelers, Passenger Cars and other automotive segments in the Indian market. Minda Corporation will hold the majority stake in the newly formed venture, with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27. Minda Corporation Collaborates with Qualcomm to co-develop Smart Cockpit Solutions. As part of this collaboration, Minda Corporation is designing a next-generation cockpit platform powered by the Snapdragon® Cockpit Platform from Qualcomm Technologies. This alliance reflects commitment to technological leadership and aligns with the long-term vision of delivering intelligent, connected and user-centric experiences that create sustainable value for OEMs, end users and shareholders. Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said, "The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives." Moving forward, the Company aims to broaden its product portfolio by enhancing its competitive edge through sustained R & D investments. We will also continue to strengthen strategic partnerships to leverage technological advancements and effectively address evolving customer needs. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics, Information and Connected Systems and Plastic and Interior for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. For assimilating the latest technologies, Minda Corporation has a dedicated R & D facility and collaborations with the pioneers and leaders of the automobile industry. This has provided Minda Corporation with the cutting-edge in product design and technology to meet strict international quality standards. For further information on Minda Corporation visit This release contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Minda Corporation undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.
Mint
8 minutes ago
- Mint
Independence Day stock pick: Sumeet Bagadia recommends Jindal Steel for over 20% returns
Jindal Steel & Power share price traded higher on Wednesday amid a positive momentum on Dalal Street. Jindal Steel stock has recently given a breakout on the technical charts, and analysts expect it to see an upside of more than 20% from the current market price. Sumeet Bagadia, Executive Director at Choice Broking has recommended Jindal Steel & Power shares as his stock pick for Independence Day, 15 August 2025. Bagadia has a 'Buy' call on Jindal Steel shares for a target price of ₹ 1,160 – ₹ 1,220, implying an upside potential of up to 22% from Tuesday's closing price. Jindal Steel share price, on the daily chart, has undergone a brief retracement followed by a consolidation phase after marking its record high. This consolidation has taken the shape of a falling trend line formation. Recently, Jindal Steel stock has given a breakout above this falling trend line and is now resuming its bullish trajectory. 'If Jindal Steel shares sustain above this breakout zone, it could move higher to retest its record high and potentially advance towards new highs in the target range of ₹ 1,160 – ₹ 1,220,' Bagadia said. He noted that Jindal Steel stock price is comfortably trading above all its key moving averages, including short-term, medium-term, and long-term EMAs, highlighting overall trend strength. The RSI is placed at 61.55, showing a positive crossover and trending upwards, indicating rising momentum in the ongoing move. 'Based on this technical structure, we recommend initiating a buy position in Jindal Steel stock at the current market price of ₹ 1,012 and adding on dips towards ₹ 990. On the downside, ₹ 940 would act as a strong support zone, and a breach of this level could temporarily challenge the positive structure, warranting a cautious approach,' Bagadia said. At 1:20 PM, Jindal Steel share price was trading 0.27% higher at ₹ 1,002.00 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
