Highway Infrastructure’s IPO opened with huge demand. Within the first hour, it was subscribed nearly 4 times, signaling strong investor interest.
The IPO received over 5.94 crore bids against 1.6 crore shares offered. Investors rushed in as trading opened on August 5.
IPO Sees 4x Demand in 1 Hour
Retail investors subscribed over 5 times their quota. Non-Institutional Investors (NIIs) followed, subscribing over 3 times. QIBs contributed 2% at early stage.
Retail & NII Lead the Rush
IPO Price, Dates & Lot Size
– Price Band: ₹65–₹70– Lot Size: 211 shares (₹14,770 minimum)– IPO Dates: Aug 5 to Aug 7– Listing: Likely on Aug 12
Inside the Company’s Business
Highway Infrastructure operates in toll collection, EPC infrastructure projects, and real estate. The company is based in Madhya Pradesh.
Where Will the Funds Go?
From the ₹130 crore IPO:– ₹65 crore will be used for working capital– Remaining funds for general corporate purpose
Grey Market Premium Soars 59%
Unlisted shares are trading at ₹110 in the grey market, indicating a 59% premium over the upper price band of ₹70.
Analysts Recommend Long-Term Hold
Brokerages like Anand Rathi and Bajaj Broking recommend subscribing for the long term, citing the company’s solid business model and fair valuation.
Anchor Investors Show Confidence
Rs 23.4 crore raised from top investors including HDFC Bank, Abans Finance, Sunrise Investment Fund, and VPK Global Ventures.
Should You Invest? Expert Verdict
Strong subscription, high GMP, expert backing, and a solid business model make it a compelling option—especially for long-term investors.