Latest news with #HighwayInfrastructureIPO
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Business Standard
a day ago
- Business
- Business Standard
Highway Infrastructure IPO ends today: Subscription nears 100x, GMP up 57%
Highway Infrastructure IPO Day 3 update, subscription status: The three-day subscription window to bid for the initial public offering of Highway Infrastructure (Highway Infrastructure IPO) is set to conclude today, Thursday, August 7, 2025. The public offering, which opened for subscription on August 5, has received an overwhelming response from investors so far. According to the NSE data, Highway Infrastructure IPO has received bids for 1,60,34,25,081 shares against 1,60,43,046 shares on offer, as of 10:30 AM on Thursday, August 7. This translates to a subscription of 99.95 times. Among the individual categories, the demand for the Highway Infrastructure IPO has been the highest among non-institutional investors (NIIs), who oversubscribed the category reserved for them by 148.04 times. This was followed by retail investors with a subscription of 90.72 times. Meanwhile, participation from qualified institutional buyers (QIBs) was the lowest, but they oversubscribed the portion reserved for them by 7.93 times. Highway Infrastructure IPO details The public offering of Highway Infrastructure consists of a fresh issue of 13.9 million equity shares aggregating up to ₹97.52 crore, and an offer for sale (OFS) with promoters Arun Kumar Jain and Anoop Agrawal divesting up to 4.6 million equity shares aggregating up to ₹32.48 crore. Highway Infrastructure IPO is available at a price band of ₹65-₹70 per share, with a lot size of 211 shares. Thus, a retail investor can bid for a minimum of 211 shares and in multiples of 211 shares thereafter, with a minimum investment amount of ₹14,770. A retail investor can bid for a maximum of 13 lots or 2,743 shares of Highway Infrastructure IPO, with an investment amount of ₹1,92,010. Check All Time Plastics IPO GMP today Highway Infrastructure IPO grey market premium (GMP) today The unlisted shares of Highway Infrastructure continued to command a solid premium in the grey market on the final day of its subscription. Highway Infrastructure shares were seen trading at around ₹110 per share, reflecting a grey market premium (GMP) of ₹40 or 57.14 per cent over the upper end of the issue price, according to sources tracking unofficial market activities. Highway Infrastructure IPO objective The company, in its red herring prospectus (RHP), will not receive any proceeds from the OFS, as the funds will go to the promoters selling their stakes. Highway Infrastructure, however, proposes to utilise the net proceeds from the public issue for funding its working capital requirements, as well as for general corporate purposes. Highway Infrastructure IPO allotment date, listing date As the public offering closes for subscription today, the basis of share allotment is slated to be finalised tentatively on August 8. The successful allottees will receive the company's shares in their demat account tentatively on August 11. Highway Infrastructure shares are scheduled to list on the BSE and NSE tentatively on August 12, 2025. Highway Infrastructure IPO registrar, BLRM Bigshare Services serves as the registrar for the public issue, while Pantomath Capital Advisors is the sole book-running lead manager. About Highway Infrastructure Highway Infrastructure (HIL) is an infrastructure development and management company. The company is engaged in the business of tollway collection, EPC Infra, and real estate. While the company's business spans various facets of infrastructure development and management, tollway collection stands out as a significant part of its business, driving its revenues and financial performance, followed by EPC Infra business, which includes executing construction development projects of various types like roads, bridges, tanks, irrigation-related construction, and civil buildings for customers.
News18
a day ago
- Business
- News18
Highway Infra IPO Last Day: GMP Rises, Issue Gets 95.69x Subscription So Far; Should You Apply?
Highway Infrastructure IPO: The IPO's grey market premium has risen to 57.14%, compared with 54.29% earlier, indicating strong listing gains for investors. Highway Infrastructure IPO GMP: The initial public offering of Highway Infrastructure Ltd is going to be closed today, Thursday, August 7. It was be opened on August 5. The price band of the mainboard IPO, which plans to raise Rs 130 crore, has been fixed in the range of Rs 65 to Rs 70 apiece. Till 10:24 am on the final day of bidding on Thursday, the issue received a strong 95.69 times subscription, garnering bids for 1,45,71,56,927 shares as against the 1,60,43,046 shares on offer. The retail and NII participation stood at 89.22x and 139.42x, respectively. The QIB category has received a 7.90x subscription. The IPO's grey market premium has risen to 57.14%, compared with 54.29% earlier, indicating strong listing gains for investors. Highway Infrastructure IPO Key Dates The IPO will remain open for public subscription between August 5, 2025, and August 7, 2025. The share allotment will likely be finalised on August 8, and the company is expected to be listed on both BSE and NSE on August 12. The price band of the IPO has been fixed in the range of Rs 65 to Rs 70 per share. For investors, the minimum lot size for the IPO is 211. It means investors will have to apply for a minimum of 211 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 13,715 to apply for the IPO. Highway Infrastructure IPO GMP Today According to market observers, unlisted shares of Highway Infrastructure Ltd are currently trading at Rs 110 against the upper IPO price of Rs 70. It means a grey market premium or GMP of Rs 40, which is 57.14% over its issue price, indicating strong listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Highway Infrastructure IPO: Should You Subscribe? The IPO of Highway Infrastructure Ltd (HIL), a company operating in the tollway collection and EPC infrastructure space, has garnered mixed recommendations from leading brokerages. While majority firms have issued a 'subscribe' rating, especially for long-term investors or listing gains, several have urged caution citing valuation and operational risks. Swastika Investmart is also bullish, recommending a 'subscribe' rating for both listing gains and long-term investment. The firm appreciated the company's investment in advanced technologies such as ANPR for toll management and noted that its order book, primarily driven by EPC projects, provides visibility for future revenues. At 18.06x FY25 earnings, the brokerage feels the IPO is 'fully priced" but sees room for upside given the sector outlook and company's execution capabilities. Anand Rathi is optimistic about HIL's long-term prospects, citing the government's increased focus on road infrastructure development and the company's efforts to strengthen its tollway and EPC businesses. The brokerage believes HIL is well-positioned to ride on this momentum. 'It presents a niche opportunity in India's tollway and EPC infrastructure space, supported by consistent growth and a robust order book," the note said. It also highlighted HIL's use of ANPR (automatic number plate recognition) technology as a key differentiator that improves operational efficiency. The brokerage has issued a 'subscribe for long-term' recommendation. Arihant Capital Markets: Subscribe for Listing Gains Arihant Capital took a balanced stance, recommending investors subscribe for listing gains. It acknowledged HIL's strong presence across toll operations in 11 states and one union territory, and its diversified business model spanning toll collection and EPC infrastructure. As of May 31, 2025, the company's consolidated order book stood at Rs 666.3 crore. 'With a focus on cost optimization and project execution, HIL is well-positioned to benefit from India's growing investment in national highway development," the note added. The IPO is valued at a P/E of 22.41x on FY25 projected EPS of Rs 3.1. Taking a contrarian view, SBI Securities advised investors to avoid the IPO. It pointed out that HIL is still a relatively small player in the infrastructure sector, with short-term toll collection contracts that are subject to frequent rebidding and intense competition. The brokerage raised concerns over the company's high dependency on public sector clients, which account for 91 per cent of its revenue. 'The low margin profile, higher working capital cycle and geographical concentration fail to justify these valuations," it noted. Based on post-issue capital, the stock is valued at 25.5x FY25 P/E and 17.8x EV/Ebitda, levels SBI believes are not justified given the company's fundamentals. Highway Infrastructure IPO: More Info The Highway Infrastructure IPO, which is a book-building of Rs 130 crore, is a combination of a fresh issue of 1.39 crore shares aggregating to Rs 97.52 crore and an offer for sale of 0.46 crore shares aggregating to Rs 32.48 crore. Highway Infrastructure Limited (HIL), established in 1995, is an Indian infrastructure development company primarily engaged in tollway collection and EPC (Engineering, Procurement, and Construction) projects, with a smaller presence in real estate. The company operates toll systems across 11 states and one Union Territory, leveraging technologies like ANPR and RFID-based ETC. As of August 31, 2024, it had completed 24 toll projects and was operating 7. HIL has executed 63 EPC projects and is currently working on 20 more, mainly in Madhya Pradesh, covering roads, bridges, irrigation, and civil construction. Its real estate division focuses on residential and commercial developments, though it remains a minor part of the business. The company employs 398 people across its operations. top videos View all Its revenue fell 13% and profit after tax (PAT) rose 5% between the financial year ending with March 31, 2025 and March 31, 2024. Pantomath Capital Advisors Pvt Ltd is the book-running lead manager of the Highway Infrastructure IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO view comments Location : New Delhi, India, India First Published: August 07, 2025, 10:34 IST News business » ipo Highway Infra IPO Last Day: GMP Rises, Issue Gets 95.69x Subscription So Far; Should You Apply? 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.
Business Upturn
a day ago
- Business
- Business Upturn
Highway Infrastructure IPO: Last day to apply; check GMP as strong grey market premium hints at solid debut
By Arunika Jain Published on August 7, 2025, 08:43 IST Last updated August 7, 2025, 08:44 IST The ₹130-crore initial public offering (IPO) of Highway Infrastructure is set to close today, August 7, 2025. With the grey market premium (GMP) holding firm at ₹40, the issue is commanding an impressive implied listing gain of 57.14%, suggesting strong investor appetite. Grey market premium trends strong As of the last update on August 7 at 6:58 AM, the GMP for Highway Infrastructure IPO stood at ₹40, unchanged from the previous day and up from ₹38 on August 5. With the issue price fixed at ₹70 per share, the estimated listing price is pegged at ₹110, implying an expected profit of ₹8,440 per lot of 211 shares. Retail investors' 'subject to sauda' value is currently around ₹6,400, while for Small HNIs, it is near ₹89,600—further underscoring the high grey market expectations. IPO details and structure The IPO comprises a fresh issue of 1.39 crore equity shares worth ₹97.52 crore and an offer-for-sale (OFS) of 46.4 lakh shares aggregating ₹32.48 crore. The price band is ₹70 per share with a face value of ₹5. The minimum lot size is 211 shares, amounting to ₹14,770 for retail investors. The issue structure is a book-built IPO and will be listed on both BSE and NSE. Post-issue, the total shareholding is expected to rise to over 7.17 crore shares from the pre-issue base of 5.77 crore. Timelines and listing IPO Close Date: August 7, 2025 (Today) Allotment Date: August 8, 2025 Refunds & Credit to Demat: August 11, 2025 Tentative Listing Date: August 12, 2025 UPI Mandate Cutoff: 5:00 PM today Lot sizes for investors Category Min Shares Investment ₹ Retail Min 211 ₹14,770 Retail Max 2,743 ₹1,92,010 S-HNI Min 2,954 ₹2,06,780 S-HNI Max 14,137 ₹9,89,590 B-HNI Min 14,348 ₹10,04,360 Investors have until 5:00 PM today to confirm their UPI mandate and participate in this IPO. With strong GMP holding steady and robust demand indicated across investor categories, Highway Infrastructure IPO could see a solid debut if sentiments continue. Disclaimer: GMP (Grey Market Premium) data is indicative and unofficial, based on market sources. It does not guarantee listing performance. Investors must rely on fundamentals and consult financial advisors before making investment decisions. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Mint
2 days ago
- Business
- Mint
Highway Infrastructure IPO Day 2 Live Updates: Issue booked 32x so far amid strong GMP trend — Should you apply?
06 Aug 2025, 12:05 PM IST Entered into a joint development agreement for the construction and development of a colonial area on company-owned land—'Karuna Sagar Project', measuring 2.689 hectares (6.64 acres), situated at Kanadia Road, Indore, Madhya Pradesh. 2013 Commenced construction and development of the 'Newwyork City Project' on company-owned land measuring 5.2510 hectares (12.987 acres), located in Village Nihalpur, Indore, Madhya Pradesh. Converted from a Private Limited Company to a Public Limited Company. Name changed from 'Highway Infrastructure Private Limited' to 'Highway Infrastructure Limited'. Constructed houses and infrastructure across various slum localities in Indore under the PMAY (Pradhan Mantri Awas Yojana) scheme to support affordable housing. Executed the company's first toll collection project at Daroda Fee Plaza on the Borkhedi–Wadner Section of NH-7 in Maharashtra. Won the tender to manage user fee collection at the Mokha Fee Plaza, part of the Gandhidham (Kandla)–Mundra Port road, Gujarat. Deployed ANPR (Automatic Number Plate Recognition) technology at toll plazas on the Delhi–Meerut Expressway, becoming an early adopter of advanced tolling systems. Secured a tollway collection project in Rolla Village, Telangana, marking the company's first operational entry into Southern India. 06 Aug 2025, 11:32 AM IST Highway Infrastructure IPO Day 2 Live: Pantomath is the book-running lead manager to the issue, while Bigshare Services is the registrar to the issue. 06 Aug 2025, 11:09 AM IST • Funding Working Capital requirements of the company. • General corporate purposes. 06 Aug 2025, 10:46 AM IST Highway Infrastructure IPO Day 2 Live: At the upper price band, the company is valued at an FY25 P/E of 22.5x, with a post-issue market capitalization of ₹ 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. Considering these factors, the IPO appears fully priced, and a 'SUBSCRIBE – LONG TERM' recommendation is suggested. 06 Aug 2025, 10:17 AM IST Highway Infrastructure IPO Day 2 Live: The issue was booked 32x so far on the second day of the bidding process. Here's how different quotas were booked: QIB: 5.04x NII: 40.54x Retail: 33.85x 06 Aug 2025, 10:00 AM IST The bidding for Highway Infrastructure IPO opened for the second day. The issue witnessed solid demand on first day, managing to sail through within 15 mins. Investors can apply for the IPO today, with the issue set to close tomorrow. 06 Aug 2025, 09:38 AM IST Highway Infrastructure IPO Day 2 Live: The issue is priced in the range of ₹ 65-70 per share. Investors can apply for the Highway Infrastructure IPO for 211 shares in one lot and multiples thereof. 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 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 '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.
Mint
2 days ago
- Business
- Mint
Highway Infrastructure IPO Day 2 Live: Issue booked over 27 times so far. Check GMP, review, subscription status, more
Highway Infrastructure IPO Day 2 Live: The initial public offering of Highway Infrastructure Ltd was fully subscribed within a few hours of its bidding opening on Tuesday, finishing the day with a subscription level of 27.04 times. 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. (Stay tuned for more updates) Follow updates here: 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 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 '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.
