Tue Aug 05 08:50:00 UTC 2025: **News Article:**

**Highway Infrastructure IPO Sees Strong Demand on Day One, Subscribed Nearly 24 Times**

Mumbai – Highway Infrastructure Limited’s initial public offering (IPO) opened strongly today, with the issue being subscribed 23.94 times by 3:51 PM. The IPO, which aims to raise ₹130 crore, will remain open until August 7, 2025. The price band for the IPO has been set at ₹65 to ₹70 per equity share.

The retail portion of the IPO has been particularly popular, being booked 25.94 times. Non-Institutional Investors (NIIs) have subscribed 28.70 times, while the Qualified Institutional Buyer (QIB) segment has been booked 4.84 times.

Market observers report a Grey Market Premium (GMP) of ₹41, indicating strong investor interest. The IPO consists of a fresh issue of shares worth ₹97.52 crore and an offer for sale (OFS) component of ₹32.48 crore.

Investors can apply for lots of 211 shares each. Bigshare Services Pvt Ltd is the registrar for the IPO, and Pantomath Capital Advisors is the lead manager. Allotment is expected around August 8, 2025, and the listing is tentatively scheduled for August 12, 2025 on the BSE and NSE.

Analysts have offered mixed reviews. Shivani Nyati, Head of Wealth at Swastika Investmart, recommends subscribing to the IPO for both listing gains and long-term investment, citing the company’s strong order book and attractive valuation relative to FY25 earnings.

Gaurav Goel, Founder and Director at Fynocrat Technologies, acknowledges the company’s strong order book and improved profitability but notes modest EBITDA margins and a demanding valuation compared to larger peers. He suggests the IPO offers near-term gains but advises long-term investors to consider established companies with stronger profitability.

Disclaimer: Investment decisions should be made after consulting certified experts.

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