Latest news with #HighwayInfrastructure
Economic Times
12 hours ago
- Business
- Economic Times
CPI Inflation hits 8-year low, Highway Infra IPO sees biggest 2025 listing gain
On Two Sharp with ET, Nisha Poddar breaks down India's inflation plunging to an 8-year low at 1.55% in July, giving the RBI breathing space to boost growth. Plus, Highway Infrastructure smashes records with a 67% jump on debut, making it 2025's best IPO listing gain so far. Show more 01:40 04:37 01:30 06:15 03:33 06:14 04:09 01:37 05:22 01:19 03:53 06:23 01:23 05:15 03:42 01:51 04:46 01:43 01:48 01:31 01:31 06:54 01:21 04:20 06:09 06:11 05:09 01:22 04:21 03:33 04:35 02:26 01:57 04:06 01:29 01:33 04:25 03:59 07:10 01:56
Time of India
15 hours ago
- Business
- Time of India
cpi data india: CPI Inflation hits 8-year low, Highway Infra IPO sees biggest 2025 listing gain
On Two Sharp with ET, Nisha Poddar breaks down India's inflation plunging to an 8-year low at 1.55% in July, giving the RBI breathing space to boost growth. Plus, Highway Infrastructure smashes records with a 67% jump on debut, making it 2025's best IPO listing gain so far. Show more Show less
Time of India
18 hours ago
- Business
- 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 .
Business Standard
21 hours ago
- Business
- Business Standard
Shares of Highway Infrastructure list in T Group
The equity shares of Highway Infrastructure (Scrip Code: 544477) are listed effective 12 August 2025 and admitted to dealings on the Exchange in the list of ''T'' Group Securities. In the pre-open session for new listings, the indicative price of the stock was at a premium of 57.14% to the IPO price of Rs 70 per share. Powered by Capital Market - Live News
Mint
21 hours ago
- Business
- Mint
Highway Infrastructure share price lists at 67% premium, extends gains to hit 5% upper circuit
Highway Infrastructure IPO listing: Highway Infrastructure shares made a solid stock market debut, listing at up to 67% premium on both the BSE and the NSE. On the BSE, the Highway Infrastructure share price was listed at ₹ 117, a premium of 67.14% over the initial public offering (IPO) price of ₹ 70. On the NSE, the Highway Infrastructure stock debuted at ₹ 115, up 60% over the issue price. Highway Infrastructure share price extended gains post listing. The stock hit the 5% upper price band of ₹ 122.84 on the BSE, taking gains for IPO investors to 75.49%. On the NSE, too, the Highway Infrastructure share price was locked in the 5% upper price band at ₹ 120.75. Highway Infrastructure IPO listing was above expectations as the latest GMP (grey market premium) was at ₹ 24, hinting at nearly 33% listing pop. The strong listing coincided with the stellar response for the Highway Infrastructure IPO. The issue was subscribed 316.64 times at the end of the three-day bidding process. The retail portion was booked 164.48 times, the NII quota 473.10 times and the QIB segment 432.71 times. The ₹ 130 crore Highway Infrastructure IPO was a mix of a fresh issue of ₹ 97.52 crore and the offer for sale of ₹ 32.48 crore. The company plans to use the funds raised for funding working capital needs and general corporate purposes. Established in 1995, Highway Infrastructure operates in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and the real estate sector. Based in Indore, the company specialises in the construction and maintenance of roads, highways, bridges, and residential developments. As of May 31, 2025, the company held a consolidated order book of ₹ 6,663.0 million, with ₹ 595.3 million from the tollway collection segment and ₹ 6,067.8 million from the EPC Infra-division. This robust pipeline offers strong visibility for revenue planning, operational execution, and timely project delivery. Pantomath Capital Advisors served as the sole book-running lead manager for the IPO, while Bigshare Services acted as the registrar to the issue.
