Highway Infrastructure IPO Day 2 Live: Issue booked over 27 times so far. Check GMP, review, subscription status, more
Investors submitted bids for 43.38 crore shares compared to the 1.60 crore shares that were available, resulting in a subscription rate of 27.04 times, as per data from the NSE.
The non-institutional investors' segment was subscribed 33.45 times, while the Retail Individual Investors' portion saw a subscription of 28.69 times. The Qualified Institutional Buyers' share experienced a subscription of 4.92 times.
Highway Infrastructure Ltd secured ₹ 23.40 crore from anchor investors on Monday, including HDFC Bank and Abans Finance Pvt Ltd.
The ₹ 130-crore Highway Infrastructure IPO is set to close on Thursday, with the Highway Infrastructure IPO price band established at ₹ 65-70 per share.
Highway Infrastructure IPO comprises a fresh issuance of 1.39 crore shares totaling ₹ 97.52 crore and an offer for sale of 46.4 lakh shares worth ₹ 32.48 crore.
Founded in 1995, Highway Infrastructure Ltd (HIL) specializes in tollway collection, Engineering, Procurement, and Construction (EPC) projects, as well as real estate development.
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06 Aug 2025, 09:29 AM IST
Highway Infrastructure IPO Day 2 Live: Highway Infrastructure IPO is a mix of fresh share sale of ₹ 97.5 crore and an offer for sale of ₹ 32.5 crore. The company is looking to raise a total of ₹ 130 crore.
06 Aug 2025, 09:26 AM IST
At the end of the first day of the bidding process, the Highway Infrastructure IPO was subscribed 27.04 times. The issue witnessed bids for 43,38,14,101 shares as against 1,60,43,046 shares on offer. The retail portion was subscribed 28.69 times, the NII portion 33.45 times and the QIB portion 4.92 times.
06 Aug 2025, 09:24 AM IST
Highway Infrastructure IPO GMP today is +38. This indicates Highway Infrastructure share price were trading at a premium of ₹ 38 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Highway Infrastructure share price was indicated at ₹ 108 apiece, which is 54.29% higher than the IPO price of ₹ 70.
According to the grey market activities over the past 13 sessions, the IPO GMP is trending upward today and is anticipated to have a robust listing. The minimum GMP recorded is ₹ 0.00, while the maximum GMP is ₹ 40, as noted by experts from investorgain.com.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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