Highway Infrastructure IPO Allotment: Overwhelming 300x Subscription Marks a New Milestone

Highway Infrastructure's Initial Public Offering (IPO) witnessed an exceptional response from investors, with the allotment status finalized on August 8, 2025. The IPO, which opened for subscription between August 5 and August 7, was subscribed more than 300 times, signaling strong market confidence in the company's growth prospects.

The company offered its shares in the price bracket of Rs 65 to Rs 70 per share, aiming to raise Rs 130 crore through a combination of fresh issuance and an offer-for-sale (OFS). Specifically, Rs 97.52 crore was raised via fresh shares, and promoters sold 46.40 lakh shares via OFS.

Investor participation was robust across all categories: Qualified Institutional Buyers (QIBs) subscribed 420.57 times, Non-Institutional Investors (NIIs) subscribed 447.32 times, and Retail Investors subscribed 155.58 times. Overall, over 46.36 lakh applications poured in for approximately 1.6 crore shares available, accumulating bids worth Rs 33,759.30 crore.

Anchor investors had earlier subscribed 33.42 lakh shares at Rs 70 each, amounting to Rs 23.39 crore ahead of the IPO. The firm reported a consolidated net profit of Rs 22.40 crore and sales of Rs 495.72 crore for the financial year ending March 31, 2025.

The proceeds from the fresh issue are planned to be employed significantly towards funding company operations, including Rs 65 crore earmarked for working capital requirements and general corporate purposes.

Investors who applied for the IPO can check their allotment status through official channels such as the registrar Bigshare Services Pvt. Ltd, or via the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) websites.

The shares are tentatively scheduled to be listed on the BSE and NSE on August 12, 2025, marking a critical milestone for Highway Infrastructure as it steps into the public equity market amid enthusiastic investor backing.