Highway Infrastructure IPO: GMP Signals 57% Listing Gain Ahead Of Aug. 5 Launch, Check Key Details

The initial public offering (IPO) of Highway Infrastructure Ltd. is scheduled to open on Aug. 5. The company operates in infrastructure development and management, with key areas including toll collection, EPC (Engineering, Procurement and Construction) projects and real estate development.

With the bidding set to begin tomorrow, let’s take a look at the GMP and other key details of the Highway Infrastructure IPO.

The GMP for the Highway Infrastructure IPO stood at Rs 40 per share as of 9:00 a.m. on August 4, a day before bidding begins, according to InvestorGain. Based on the upper end of the price band at Rs 70, this suggests an estimated listing price of Rs 110 apiece, indicating a potential premium of 57.14% per share.

Note: GMP does not represent official data and is based on speculation.

The Highway Infrastructure IPO is a book-built issue worth Rs 130 crore. It comprises a fresh issue of 1.39 crore shares, aggregating to Rs 97.52 crore, and an offer-for-sale (OFS) component of 46 lakh shares, amounting to Rs 32.48 crore.

The price band for the Highway Infrastructure IPO has been set at Rs 65 to Rs 70 per share. Investors can apply for the IPO by bidding for a minimum of 211 shares and in multiples thereafter. For retail individual investors, the minimum application size is one lot (211 shares), amounting to Rs 14,770, while the maximum is 13 lots (2,743 shares), worth Rs 1,92,010.

For Small High Net-Worth Individuals (S-HNIs), the minimum application size is 14 lots (2,954 shares), amounting to Rs 2,06,780. For Big HNIs (B-HNIs), the minimum application size is 68 lots, or 14,348 shares, and requiring an investment of Rs 10,04,360.

The Highway Infrastructure IPO subscription window closes on Thursday, Aug. 7. The tentative date for allotment of shares is Friday, Aug. 8. Refunds are expected to be initiated on Monday, Aug. 11, with shares likely to be credited to investors' Demat accounts on the same day.

The ⁠Highway Infrastructure IPO is tentatively scheduled to  be listed on the BSE and NSE on Tuesday, Aug. 12.

Pantomath Capital Advisors Pvt. Ltd. is the book-running lead manager for the Highway Infrastructure IPO. Bigshare Services Pvt. Ltd. has been appointed as the registrar for the issue.

Highway Infrastructure Ltd., incorporated in 1995, is engaged in the construction and maintenance of roads, highways, bridges and residential projects.

Highway Infrastructure Ltd. aims to utilise the proceeds from the IPO for specific business needs. A portion of the funds will be allocated towards meeting the company’s working capital requirements. The remaining amount will be used for general corporate purposes.

For the financial year ended March 31, 2025, Highway Infrastructure Ltd. reported a total income of Rs 504.48 crore and a profit after tax of Rs 22.40 crore. In comparison, for the year ended March 31, 2024, the company’s total income stood at Rs 576.58 crore. In FY24, the company reported a net profit of Rs 21.41 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.