The preliminary public supply of Highway Infrastructure Ltd bought fully subscribed within hours of opening for bidding on Tuesday (August 5, 2025).
The three-day preliminary share sale acquired bids for 11,97,90,186 shares in opposition to 1,60,43,046 shares on supply, translating into 7.47 instances subscription, in line with information accessible with the NSE until 11:45 hours.
Retail Individual Investors (RIIs) half fetched 9.63 instances subscription whereas the quota for non-institutional buyers bought subscribed 7.14 instances. The Qualified Institutional Buyers (QIBs) portion acquired 90% subscription.
Highway Infrastructure Ltd. on Monday (August 4, 2025) stated it had raised ₹23.40 crore from the anchor buyers, together with HDFC Bank and Abans Finance Pvt. Ltd.
The ₹130-crore Initial Public Offering (IPO) will conclude on Thursday (August 7, 2025).
The worth band has been mounted at ₹65-70 per share.
The IPO is a mixture of contemporary challenge of 1.39 crore shares aggregating to ₹97.52 crore and a suggestion for sale of 46.4 lakh shares amounting to ₹32.48 crore.
Proceeds from the contemporary challenge to the tune of ₹65 crore can be utilised to fund the working capital necessities of the corporate and the stability for normal company functions.
Incorporated in 1995, Highway Infrastructure Ltd (HIL), is engaged in tollway assortment, EPC (Engineering, Procurement, and Construction) tasks, and actual property growth.
The Indore-based firm specialises within the building and upkeep of roads, highways, bridges, and residential tasks.
The firm’s whole earnings stood at Rs 504.48 crore and revenue after tax of Rs 22.40 crore.
The firm’s shares can be listed on the BSE and NSE.
Pantomath Capital Advisors is the only book-running lead supervisor, whereas Bigshare Services is the registrar for the IPO.
