Highway Infrastructure IPO: Listing Date and Latest GMP Ahead of Market Debut

Highway Infrastructure Ltd. is all set to make its stock market debut on Tuesday, August 12, 2025, with listings scheduled on both the BSE and NSE. Investor interest remains high as the grey market premium (GMP) continues to indicate the possibility of a robust listing.

The share allotment status for the IPO was finalised on August 8, and many market participants are now awaiting the opening price on Dalal Street.

Strong Demand During Subscription Phase

The Highway Infrastructure IPO witnessed overwhelming investor demand during its subscription period, which closed on August 7. On the final day of bidding, the IPO was oversubscribed more than 300 times, reflecting strong investor confidence.

According to NSE data, the IPO received bids for over 482.27 crore shares against the 1.6 crore shares available for subscription. This significant oversubscription highlights both institutional and retail investors’ interest in the company’s growth potential.

Highway Infrastructure IPO GMP Today

As of 9:00 a.m. on August 11, the grey market premium for Highway Infrastructure stood at ₹24. Based on this GMP, the estimated listing price is expected to be ₹94 per share, representing a 34.29% premium over the IPO’s upper price band of ₹70.

While the GMP has declined from the highs seen earlier — when unlisted shares traded at ₹106 on the closing day of the IPO — analysts believe the debut will still be strong. This is due to the high subscription figures and overall investor enthusiasm.

Price Band and IPO Size

The price band for the IPO was set between ₹65 and ₹70 per share. The offer consisted of:

• Fresh Issue: 1.39 crore shares worth ₹97.52 crore

• Offer for Sale (OFS): 46 lakh shares worth ₹32.48 crore

The total issue size stood at ₹130 crore, making it a mainboard book-building issue.

Category-Wise Subscription Details

The IPO saw heavy participation from all investor categories:

• Qualified Institutional Buyers (QIBs): Subscribed 420.57 times

• Non-Institutional Investors (NIIs): Subscribed 447.32 times

• Retail Investors: Subscribed 155.58 times

This strong demand across investor classes points to the company’s solid business fundamentals and attractive valuation.

Utilisation of IPO Proceeds

Highway Infrastructure Ltd. has outlined specific plans for the utilisation of funds raised through the IPO:

1. Working Capital Requirements – A significant portion will be allocated towards meeting short-term financing needs and ensuring smooth operational functioning.

2. General Corporate Purposes – The remaining funds will be utilised to support broader business growth and strengthen the company’s market presence.

Expected Listing Performance

Despite the slight drop in GMP from its peak, analysts expect Highway Infrastructure to register a healthy debut on Dalal Street, supported by:

• Strong subscription figures

• Positive market sentiment

• Reasonable valuations compared to industry peers

Investors and market watchers will be keen to see if the listing price meets or exceeds GMP expectations.

Key Takeaways

• Listing Date: August 12, 2025

• Expected Listing Price: Around ₹94 per share

• Price Band: ₹65–₹70 per share

• Issue Size: ₹130 crore

• Subscription: Over 300x overall

• GMP as of Aug 11: ₹24

The IPO’s impressive subscription numbers and healthy GMP suggest that Highway Infrastructure could deliver notable listing gains for early investors.