Highway Infrastructure IPO: GMP hints at 57% listing pop ahead of issue launch
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Highway Infrastructure IPO
Highway Infrastructure IPO Listing Details
Highway Infrastructure IPO Price Band, Allotment Details
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Highway Infrastructure: Objective of the IPO
Highway Infrastructure Company Financials
Highway Infrastructure is commanding a grey market premium GMP ) of ₹40 per share ahead of its IPO, suggesting a potential listing gain of nearly 57 per cent over the upper price band of ₹70. The ₹130 crore public issue is set to open for subscription on August 5 and close on August 7. The strong GMP signals robust investor interest as the company prepares to enter the capital markets, marking a significant move in India's growing infrastructure space.The latest update pegs the Grey Market Premium (GMP) for the Highway Infrastructure IPO at ₹40 per share. Based on the upper issue price of ₹70, the stock is expected to list around ₹110, implying a potential listing gain of nearly 57 per cent—provided current market sentiment holds steady.However, it's important to remember that GMP is not official. It only gives an idea of how the market feels about the IPO, and the actual listing price may be different.Highway Infrastructure is set to launch its ₹130 crore Initial Public Offering (IPO) on Tuesday, August 5, marking a notable entry in India's growing infrastructure space. The IPO, open until August 7, consists of a mix of fresh equity and an offer for sale (OFS) by promoters. The fresh issue will comprise 1.39 crore shares worth about ₹97.52 crore, while the OFS will see 46 lakh shares offloaded, aggregating to ₹32.48 crore.Shares of Highway Infrastructure are proposed to be listed on both BSE and NSE, with a tentative listing date set for August 12. The allotment is expected to be finalised on August 8.The price band for the Highway Infrastructure IPO is set at ₹65 to ₹70 per share, with a lot size of 211 shares. At the upper end of the band, retail investors will need to invest a minimum of ₹14,770 to apply.For non-institutional investors (NIIs), the minimum application size varies: small NIIs (sNII) need to invest in 14 lots (2,954 shares), aggregating to ₹2,06,780, while big NIIs (bNII) must bid for 68 lots (14,348 shares), which requires an investment of approximately ₹10,04,360.In terms of allocation, the IPO will reserve at least 40 per cent of the net offer for retail investors, not more than 30 per cent for qualified institutional buyers (QIBs), and at least 30 per cent for non-institutional investors (NIIs).Proceeds from the fresh issue will be used primarily to fund the company's working capital needs and for general corporate purposes. The funds raised through the offer for sale, on the other hand, will go directly to the selling promoter shareholders, with the company receiving no proceeds from that portion. Beyond capital infusion, the IPO is also aimed at boosting the company's visibility, enhancing its brand image, and creating a public market for its equity shares. Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the issue, while Bigshare Services Pvt Ltd has been appointed as the registrar.Highway Infrastructure reported a 13 per cent decline in total revenue for FY25, which stood at ₹504.48 crore, compared to ₹576.58 crore in the previous fiscal. Despite the dip in income, the company managed to post a 5 per cent increase in net profit, which rose to ₹22.40 crore from ₹21.41 crore year-on-year. This indicates a degree of operational resilience, even in the face of softer top-line performance.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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