The Highway Infrastructure IPO has grabbed the attention of investors on its very first day. Within the first hour of opening, it was subscribed nearly four times. By the end of the day, total subscriptions had crossed 27 times the offered size. In this post, we’ll break down what this IPO is about, what the grey market premium (GMP) is indicating, and the key numbers you should know.
About Highway Infrastructure
Highway Infrastructure Limited is a civil construction company primarily engaged in infrastructure projects related to roadways. Over the years, the company has undertaken various EPC-based contracts across several states. Their focus remains on timely execution, especially for government-sponsored road development programs.
IPO Issue Details
- IPO Size: ₹56.15 crore
- Price Band: ₹37 to ₹40 per share
- Face Value: ₹10 per share
- Lot Size: 3,000 shares per lot
- Minimum Investment (Retail): ₹1,20,000
- Issue Opens: August 5, 2025
- Issue Closes: August 7, 2025
- Listing Date (Tentative): August 12, 2025
Before the public offering, Highway Infrastructure raised ₹23.4 crore from anchor investors. These included institutions such as HDFC Bank, which added credibility to the IPO. The anchor portion was fully subscribed on August 2.
Subscription Status
The IPO received strong interest across all investor categories. By the end of Day 1, the issue was subscribed over 27 times, with retail, institutional, and non-institutional investors participating actively. The rapid subscription within the first few hours pointed to growing investor appetite for infrastructure-focused firms.
Grey Market Premium (GMP)
The grey market premium for the highway infrastructure IPO has seen a steady rise. As of now, the GMP is hovering around ₹57. When added to the upper price band of ₹40, it implies a potential listing price of nearly ₹97 per share. This strong premium is one of the reasons why many retail investors are considering an early application.
It’s worth noting that while GMP can be a short-term indicator of demand, it should not be the only factor in investment decisions.
Should You Apply?
If you’re looking at infrastructure as a long-term growth sector and are comfortable with the ₹1.2 lakh minimum investment, this IPO might be worth considering. The strong subscription numbers and rising GMP do show positive sentiment. But as always, understanding the risks and your investment goals should come first.
Disclaimer
This article is for informational purposes only. It does not constitute investment advice. Please consult your financial advisor before investing in any IPO or stock market product.
