The basis of allotment for the Highway Infrastructure IPO was finalised today, i.e., 8 August 2025. The bidding window was open from June 26, 2025, to June 30, 2025, during which the IPO received an overwhelming response from all investor categories and got a total subscription of 300.61 times with the reserved 1,60,43,046 shares receiving bids for 4,82,27,63,700 shares.
Highway Infrastructure IPO is a bookbuilding issue of ₹130.00 crores, consisting of a fresh issue of ₹97.52 crores and an OFS (offer for sale) component of ₹32.48 crores. The price band is set at ₹65-₹70 per share.
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar for the Highway Infrastructure IPO.
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[7 August, 2025, End of the day]
Investor Category |
Subscription (Times) |
Qualified Institutional Buyers (QIBs) |
420.57 |
Non-Institutional Investors |
447.32 |
Retail Individual Investors (RIIs) |
155.58 |
Total |
300.61 |
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The net proceeds from the fresh issue will be used towards the following objectives:
As of 8 August 2025, Highway Infrastructure IPO GMP stood at ₹36. The expected listing price is ₹106, i.e., a 51.43% gain per share over the upper price band of ₹70.
Source: Business Standard Report dated 8 August, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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