Highways Infrastructure Ltd IPO Oversubscribed 7.47 Times on Day One
Highways Infrastructure Ltd's ₹130-crore IPO was oversubscribed 7.47 times on its opening day. Retail investors oversubscribed 9.63 times, non-institutional investors 7.14 times, and qualified institutional buyers achieved 90% subscription. The IPO includes a fresh issue of 1.39 crore shares and an offer for sale of 46.4 lakh shares, priced at ₹65-70 per share. The company, specializing in tollway collection, EPC projects, and real estate development, raised ₹23.40 crore from anchor investors pre-IPO. Highways Infrastructure Ltd reported a total income of ₹504.48 crore and a profit after tax of ₹22.40 crore in its most recent financial period.