Wed Aug 06 04:10:00 UTC 2025: Here’s a news article summarizing the information, written from a standard news perspective, suitable for publication:
**Highway Infrastructure Ltd. IPO Sees Overwhelming Subscription on Opening Day**
**New Delhi, August 5, 2025:** The Initial Public Offering (IPO) of Indore-based Highway Infrastructure Ltd. (HIL) was fully subscribed within hours of opening on Tuesday, August 5th. The ₹130-crore IPO received bids for 11,97,90,186 shares against 1,60,43,046 shares on offer, marking a 7.47 times subscription rate by 11:45 AM IST, according to NSE data.
The IPO, priced between ₹65-70 per share, saw strong interest across investor categories. Retail Individual Investors (RIIs) oversubscribed 9.63 times, while the Non-Institutional Investors (NII) portion was subscribed 7.14 times. The Qualified Institutional Buyers (QIBs) portion was 90% subscribed, indicating strong institutional interest.
On Monday, August 4th, HIL successfully raised ₹23.40 crore from anchor investors including HDFC Bank and Abans Finance Pvt. Ltd.
The IPO comprises a fresh issue of 1.39 crore shares, totaling ₹97.52 crore, and an offer for sale of 46.4 lakh shares amounting to ₹32.48 crore. The company intends to utilize approximately ₹65 crore from the fresh issue to fund its working capital requirements, with the remaining funds allocated for general corporate purposes.
HIL, incorporated in 1995, operates in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The company specializes in the construction and maintenance of roads, highways, bridges, and residential projects. In its latest financial results, HIL reported a total income of Rs 504.48 crore and a profit after tax of Rs 22.40 crore.
The IPO is scheduled to conclude on Thursday, August 7th, 2025. The company’s shares will be listed on the BSE and NSE. Pantomath Capital Advisors is the sole book-running lead manager for the issue, with Bigshare Services acting as the registrar.
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