Highway Infrastructure IPO Set to Open on Aug. 5 with Rs 130 Crore Issue Size
By ScanX News Team
Highway Infrastructure Ltd. is launching its IPO from August 5-7, aiming to raise Rs 130 crore. The price band is set at Rs 65-70 per share. The IPO includes a fresh issue of Rs 97.52 crore and an offer-for-sale of Rs 32.48 crore. The grey market premium suggests a potential 57% listing gain. The company plans to list on BSE and NSE on August 12. Funds will be used for working capital and general corporate purposes. Financial data shows increased profit despite decreased income from FY2024 to FY2025.
*this image is generated using AI for illustrative purposes only.
Highway Infrastructure Ltd. is gearing up for its Initial Public Offering (IPO), scheduled to open on August 5. The company, which operates in infrastructure development, toll collection, EPC projects, and real estate, is set to raise Rs 130 crore through a book-built issue.
IPO Details
The IPO comprises a fresh issue of Rs 97.52 crore and an offer-for-sale worth Rs 32.48 crore. The company has set the price band at Rs 65-70 per share. Retail investors can apply for a minimum of 211 shares, which amounts to Rs 14,770 at the upper price band.
Grey Market Premium
The grey market is showing significant interest in Highway Infrastructure's IPO. The grey market premium currently stands at Rs 40 per share, indicating a potential 57% listing gain. If this premium holds, the shares could potentially list at around Rs 110 per share.
Subscription and Listing
The subscription window for the IPO will remain open from August 5 to August 7. The company is tentatively scheduled to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 12.
Financial Performance
Highway Infrastructure has reported financial figures for the past two fiscal years:
| Fiscal Year | Total Income (Rs Crore) | Profit After Tax (Rs Crore) |
|---|---|---|
| FY2025 | 504.48 | 22.40 |
| FY2024 | 576.58 | 21.41 |
While the company saw a decrease in total income from FY2024 to FY2025, it managed to increase its profit after tax during the same period.
Use of IPO Proceeds
The company plans to utilize the funds raised from the IPO for two primary purposes:
- Meeting working capital requirements
- General corporate purposes
Investors interested in the infrastructure and real estate sectors may find this IPO worth considering. However, as with all investments, it's crucial to conduct thorough research and consider one's risk appetite before making any investment decisions.
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