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2w ago

Highway Infrastructure IPO Allotment Finalised With Grey Market Premium at 51–57%

Investors can check IPO allocations on BSE, NSE or Bigshare, with refunds and share credits due before the August 12 listing.

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Highway Infrastructure IPO concludes: Rs 130 crore issue garners bids worth Rs 33,759 crore
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Overview

  • The Rs 130 crore book-building IPO closed on August 7 with bids for 482.27 crore shares versus 1.60 crore on offer, reflecting a 300.61× subscription.
  • Grey market trades place unlisted shares at ₹106–110, implying a ₹36–₹40 premium or 51–57% gain over the ₹65–70 price band.
  • Qualified institutional buyers applied 420.57× their quota while non-institutional investors and retail segments saw 447.32× and 155.58× subscriptions respectively.
  • An earlier anchor placement raised ₹23.4 crore from investors including HDFC Bank to support working capital and general corporate purposes.
  • Allotment was finalised on August 8 with refunds and share credits to be processed by August 11 ahead of the tentative BSE and NSE debut on August 12.