Markets / IPO / Highway Infrastructure

Highway Infrastructure IPO

Updated 17:58

Mainboard IPO on NSE and BSE · Road Assets - Toll Annuity Hybrid-Annuity

Status

Listed

Price band

₹65–70

Lot size

211 shares · ₹14,770

Subscribed

300.61×

How it listed

Issue price

₹70

Listing price (open)

₹115.00 +64.29%

First-day close

₹120.75 +72.50%

Price now

₹72.05 +2.93%

Listing day	12 Aug 2025
Open / high / low / close	₹115.00 / ₹120.75 / ₹115.00 / ₹120.75
Shares traded on NSE	52,36,750
Market value at the listing-day close	₹866 cr

Closing prices since listing: 26 Oct ₹61.53, 27 Oct ₹72.18, 28 Oct ₹76.35, 29 Oct ₹70.78, 30 Oct ₹67.25, 2 Nov ₹68.78, 3 Nov ₹71.68, 4 Nov ₹71.96, 5 Nov ₹71.67, 6 Nov ₹72.72.

Highway Infrastructure share price, live chart and technicals →

Key dates

Bidding opens	5 Aug 2025
Bidding closes	7 Aug 2025
Allotment	8 Aug 2025
Refunds and shares in demat	11 Aug 2025
Listing	12 Aug 2025

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Anchor investors	33,42,856	17.24%	–
Institutions (QIB)	22,92,914	11.83%	–
HNI / NII	58,92,914	30.40%	–
HNI, above ₹10 lakh	39,28,610	20.27%	273
HNI, ₹2–10 lakh	19,64,304	10.13%	664
Retail	78,57,218	40.53%	37,238

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	211	₹14,770
Retail (maximum)	13	2,743	₹1,92,010
Small HNI (minimum)	14	2,954	₹2,06,780
Small HNI (maximum)	67	14,137	₹9,89,590
Big HNI (minimum)	68	14,348	₹10,04,360

At ₹70 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 156

Retail allotments available

37,238 × one lot

Retail portion subscribed

155.58×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	22,92,914	96,43,33,511	420.57×
HNI / NII	58,92,914	2,63,60,08,863	447.32×
HNI, above ₹10 lakh	39,28,610	1,79,74,21,646	457.52×
HNI, ₹2–10 lakh	19,64,304	83,85,87,217	426.91×
Retail	78,57,218	1,22,24,21,326	155.58×
Total	1,60,43,046	4,82,27,63,700	300.61×

NSE and BSE bids together, as of 7 Aug 2025 19:00.

Demand at each price

Top price ₹70	38,075.97 lakh shares	78.8%
Cut-off final price, whatever it is; mostly retail	10,204.51 lakh shares	21.1%
Lower prices ₹65–69	49.12 lakh shares	0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	4 Aug 2025
Anchor shares	33,42,856
Raised from anchors	₹23.40 cr
Lock-in ends for the first 50% (30 days)	6 Sept 2025
Lock-in ends for the remaining 50% (90 days)	5 Nov 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹502 cr	₹517 cr
P/E (last 12 months' profit)	–	–

Revenue, last 12 months	–
Profit, last 12 months	–
Return on equity	–
Debt to equity	0.45

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Road Assets - Toll Annuity Hybrid-Annuity

Company	Listed	Subscribed	On listing	Since IPO
Innovision	23 Mar	3.32×	-9.88%	-48.42%

IPO details

Price band	₹65–70
Final issue price	₹70
Lot size	211 shares
Minimum investment	₹14,770 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	₹5 per Equity Share
Industry	Road Assets - Toll Annuity Hybrid-Annuity
Issue size	₹130.00 crore (about 1.86 crore shares) · Fresh issue + offer for sale: fresh ₹97.52 cr, offer for sale ₹32.48 cr
ISIN	INE00RL01028
Registrar	Bigshare Services Private Limited Helpline: +91 22 62638200, ipo@bigshareonline.com
Lead managers	Pantomath Capital Advisors Private Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 8 Aug 2025. Check it on the registrar's page (Bigshare Services Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Highway Infrastructure IPO price band and lot size?

The price band is ₹65–70 per share, and one lot is 211 shares (₹14,770 at the upper price).

When is the Highway Infrastructure IPO allotment date?

Allotment was finalised on 8 Aug 2025, the next working day after bidding closed on 7 Aug 2025.

How many times was the Highway Infrastructure IPO subscribed?

In total 300.61 times, on NSE and BSE together; retail 155.58 times.

What is the Highway Infrastructure IPO listing date?

It listed on 12 Aug 2025 on NSE and BSE.

What is the chance of getting Highway Infrastructure IPO shares?

At least 1 in 156 retail applicants got the minimum lot: 37,238 retail allotments with the retail portion subscribed 155.58 times. Winners are picked by lottery.

When does the Highway Infrastructure anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 6 Sept 2025 and the 90-day lock-in on the rest ends on 5 Nov 2025; they can sell from the next trading day.

What was the Highway Infrastructure listing gain?

It opened at ₹115.00 against an issue price of ₹70, a gain of 64.29%. It is now up 2.93% from the issue price.