Shares of Highway Infrastructure hit the upper circuit after strong debut on bourses.
The stock traded at the upper band of ₹122.84 and ₹120.75 on the BSE and NSE, respectively, at around 10.20 am.
On the NSE, it got listed at a premium of 64 per cent at ₹115 over the IPO price of ₹70. On the BSE, it debuted at a 67 per cent premium of ₹117.
The ₹130 crore IPO of Highway Infrastructure received an overwhelming response from investors, securing 300.61 times subscription on the closing day. The company raised ₹23.40 crore from anchor investors.
The IPO was a mix of fresh issue of 1.39 crore shares aggregating to ₹97.52 crore and an offer for sale (OFS) of 46.4 lakh shares amounting to ₹32.48 crore. The price band was fixed at ₹65-70 per share.
The Indore-based infra development and management company is engaged in the business of tollway collection, EPC Infra and real-estate business.
As on May 31, 2025, its consolidated order book stood at ₹ 666.30 crore comprising of ₹59.53 crore in tollway collection business and ₹ ₹606.77 crore in EPC Infra business. Its consolidated total income and net profit in FY25 stood at ₹504.48 crore and ₹22.40 crore, respectively.
Published on August 12, 2025
