Highway Infrastructure IPO totally subscribed inside hours of opening for bidding

The preliminary public provide of Highway Infrastructure Ltd received totally subscribed inside hours of opening for bidding on Tuesday (August 5, 2025).

The three-day preliminary share sale obtained bids for 11,97,90,186 shares towards 1,60,43,046 shares on provide, translating into 7.47 instances subscription, based on knowledge obtainable with the NSE until 11:45 hours.

Retail Individual Investors (RIIs) half fetched 9.63 instances subscription whereas the quota for non-institutional buyers received subscribed 7.14 instances. The Qualified Institutional Buyers (QIBs) portion obtained 90% subscription.

Highway Infrastructure Ltd. on Monday (August 4, 2025) mentioned 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 fastened at ₹65-70 per share.

The IPO is a mixture of recent difficulty of 1.39 crore shares aggregating to ₹97.52 crore and a suggestion on the market of 46.4 lakh shares amounting to ₹32.48 crore.

Proceeds from the recent difficulty to the tune of ₹65 crore shall be utilised to fund the working capital necessities of the corporate and the steadiness for basic company functions.

Incorporated in 1995, Highway Infrastructure Ltd (HIL), is engaged in tollway assortment, EPC (Engineering, Procurement, and Construction) initiatives, and actual property growth.

The Indore-based firm specialises within the development and upkeep of roads, highways, bridges, and residential initiatives.

The firm’s whole revenue stood at Rs 504.48 crore and revenue after tax of Rs 22.40 crore.

The firm’s shares shall 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.