The ₹130-crore initial public offering (IPO) of Highway Infrastructure is set to close today, August 7, 2025. With the grey market premium (GMP) holding firm at ₹40, the issue is commanding an impressive implied listing gain of 57.14%, suggesting strong investor appetite.
Grey market premium trends strong
As of the last update on August 7 at 6:58 AM, the GMP for Highway Infrastructure IPO stood at ₹40, unchanged from the previous day and up from ₹38 on August 5. With the issue price fixed at ₹70 per share, the estimated listing price is pegged at ₹110, implying an expected profit of ₹8,440 per lot of 211 shares.
Retail investors’ “subject to sauda” value is currently around ₹6,400, while for Small HNIs, it is near ₹89,600—further underscoring the high grey market expectations.
IPO details and structure
The IPO comprises a fresh issue of 1.39 crore equity shares worth ₹97.52 crore and an offer-for-sale (OFS) of 46.4 lakh shares aggregating ₹32.48 crore. The price band is ₹70 per share with a face value of ₹5. The minimum lot size is 211 shares, amounting to ₹14,770 for retail investors.
The issue structure is a book-built IPO and will be listed on both BSE and NSE. Post-issue, the total shareholding is expected to rise to over 7.17 crore shares from the pre-issue base of 5.77 crore.
Timelines and listing
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IPO Close Date: August 7, 2025 (Today)
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Allotment Date: August 8, 2025
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Refunds & Credit to Demat: August 11, 2025
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Tentative Listing Date: August 12, 2025
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UPI Mandate Cutoff: 5:00 PM today
Lot sizes for investors
| Category | Min Shares | Investment ₹ |
|---|---|---|
| Retail Min | 211 | ₹14,770 |
| Retail Max | 2,743 | ₹1,92,010 |
| S-HNI Min | 2,954 | ₹2,06,780 |
| S-HNI Max | 14,137 | ₹9,89,590 |
| B-HNI Min | 14,348 | ₹10,04,360 |
Investors have until 5:00 PM today to confirm their UPI mandate and participate in this IPO. With strong GMP holding steady and robust demand indicated across investor categories, Highway Infrastructure IPO could see a solid debut if sentiments continue.
Disclaimer: GMP (Grey Market Premium) data is indicative and unofficial, based on market sources. It does not guarantee listing performance. Investors must rely on fundamentals and consult financial advisors before making investment decisions.
