Latest news with #Indore-based
News18
4 hours ago
- Business
- News18
Highway Infrastructure shares jump over 75 pc in market debut trade
New Delhi, Aug 12 (PTI) Shares of Highway Infrastructure Ltd on Tuesday ended with a premium of over 75 per cent against the issue price of Rs 70. The stock started trading at Rs 117, up 67.14 per cent from the issue price on the BSE. It later ended 75.48 per cent higher at Rs 122.84 — the upper circuit limit. On the NSE, the stock listed at Rs 115, a jump of 64.28 per cent. Shares of the firm ended with a gain of 72.5 per cent at Rs 120.75 — the upper circuit limit. The company's market valuation stood at Rs 881.02 crore. The initial public offer (IPO) of Highway Infrastructure Ltd garnered a whopping 300.61 times subscription on the closing day of the share sale on Thursday last week. The Rs 130-crore IPO had a price band of Rs 65-70 per share. The IPO was a mix of fresh issue of 1.39 crore shares aggregating to Rs 97.52 crore and an offer-for-sale of 46.4 lakh shares amounting to Rs 32.48 crore. Incorporated in 1995, Highway Infrastructure Ltd (HIL) is engaged in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The Indore-based company specialises in the construction and maintenance of roads, highways, bridges, and residential projects. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 12, 2025, 17:00 IST 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.
Hans India
10 hours ago
- Business
- Hans India
Highway Infrastructure shares jump over 67 pc in market debut trade
Shares of Highway Infrastructure Ltd on Tuesday listed with a premium of over 67 per cent against the issue price of Rs 70. The stock started trading at Rs 117, up 67.14 per cent from the issue price on the BSE. At the NSE, it listed at Rs 115, a jump of 64.28 per cent. The company's market valuation stood at Rs 881.02 crore. The initial public offer of Highway Infrastructure Ltd garnered a whopping 300.61 times subscription on the closing day of the share sale on Thursday last week. The Rs 130-crore IPO had a price band of Rs 65-70 per share. The initial public offer (IPO) was a mix of fresh issue of 1.39 crore shares aggregating to Rs 97.52 crore and an offer-for-sale of 46.4 lakh shares amounting to Rs 32.48 crore. Incorporated in 1995, Highway Infrastructure Ltd (HIL) is engaged in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The Indore-based company specialises in the construction and maintenance of roads, highways, bridges, and residential projects.
News18
10 hours ago
- Business
- News18
Highway Infrastructure shares jump over 67 pc in market debut trade
Last Updated: New Delhi, Aug 12 (PTI) Shares of Highway Infrastructure Ltd on Tuesday listed with a premium of over 67 per cent against the issue price of Rs 70. The stock started trading at Rs 117, up 67.14 per cent from the issue price on the BSE. At the NSE, it listed at Rs 115, a jump of 64.28 per cent. The company's market valuation stood at Rs 881.02 crore. The initial public offer of Highway Infrastructure Ltd garnered a whopping 300.61 times subscription on the closing day of the share sale on Thursday last week. The Rs 130-crore IPO had a price band of Rs 65-70 per share. The initial public offer (IPO) was a mix of fresh issue of 1.39 crore shares aggregating to Rs 97.52 crore and an offer-for-sale of 46.4 lakh shares amounting to Rs 32.48 crore. The Indore-based company specialises in the construction and maintenance of roads, highways, bridges, and residential projects. PTI SUM DRR view comments First Published: August 12, 2025, 10:45 IST 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.
Hans India
5 days ago
- Business
- Hans India
Highway Infrastructure IPO huge hit among investors; subscribed 300.61 times
New Delhi: The initial public offer of Highway Infrastructure Ltd garnered a whopping 300.61 times subscription on the closing day of the share sale on Thursday. The Rs 130-crore IPO received bids for 4,82,27,45,343 shares against 1,60,43,046 shares on offer, as per NSE data. Non-institutional investors part attracted 447.32 times subscription while the quota meant for Qualified Institutional Buyers (QIBs) got subscribed a huge 420.57 times. Retail Individual Investors (RIIs) portion fetched 155.58 times subscription. Highway Infrastructure Ltd on Monday raised Rs 23.40 crore from anchor investors, including HDFC Bank and Abans Finance Pvt Ltd. The price band for the offer has been fixed at Rs 65-70 per share. The initial public offer (IPO) is a mix of fresh issue of 1.39 crore shares aggregating to Rs 97.52 crore and an offer for sale of 46.4 lakh shares amounting to Rs 32.48 crore. Incorporated in 1995, Highway Infrastructure Ltd (HIL) is engaged in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The Indore-based company specialises in the construction and maintenance of roads, highways, bridges, and residential projects. The company's shares will be listed on the BSE and NSE. Pantomath Capital Advisors is the sole book-running lead manager, while Bigshare Services is the registrar for the IPO.
Economic Times
5 days ago
- Business
- Economic Times
Highway Infrastructure IPO huge hit among investors; subscribed 300.61 times
The initial public offer of Highway Infrastructure Ltd garnered a whopping 300.61 times subscription on the closing day of the share sale on Thursday. ADVERTISEMENT The Rs 130-crore IPO received bids for 4,82,27,45,343 shares against 1,60,43,046 shares on offer, as per NSE data. Non-institutional investors part attracted 447.32 times subscription while the quota meant for Qualified Institutional Buyers (QIBs) got subscribed a huge 420.57 times. Retail Individual Investors (RIIs) portion fetched 155.58 times subscription. Highway Infrastructure Ltd on Monday raised Rs 23.40 crore from anchor investors, including HDFC Bank and Abans Finance Pvt Ltd. The price band for the offer has been fixed at Rs 65-70 per share. The initial public offer (IPO) is a mix of fresh issue of 1.39 crore shares aggregating to Rs 97.52 crore and an offer for sale of 46.4 lakh shares amounting to Rs 32.48 crore. ADVERTISEMENT Incorporated in 1995, Highway Infrastructure Ltd (HIL) is engaged in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The Indore-based company specialises in the construction and maintenance of roads, highways, bridges, and residential projects. ADVERTISEMENT The company's shares will be listed on the BSE and NSE. Pantomath Capital Advisors is the sole book-running lead manager, while Bigshare Services is the registrar for the IPO. (You can now subscribe to our ETMarkets WhatsApp channel)
