Highway Infrastructure IPO Subscription Status: The Highway Infrastructure Limited initial public offering (IPO) was subscribed 27.04 times on day one, the retail portion subscribed 28.69 times, NII portion- 33.45 times and the QIB portion 4.92 times. The issue is open for subscription till August 7. The price band of Highway Infrastructure IPO has been fixed at Rs 65 to Rs 70 per equity share of a face value of Rs 5, the lot size is 211 equity shares.Pantomath Capital Advisors Private Limited is the book-running lead manager for the IPO while Bigshare Services Private Limited is is the registrar for the issue. Highway Infrastructure IPO GMP Trends The latest GMP trends of Highway Infrastructure IPO is Rs 38. If we go by the latest GMP trend of Rs 48, a person who bought 211 equity shares at cutoff price of Rs 70 can expect a profit of Rs 8,018. The estimated listing price is Rs 108, 54.29 per cent up from the subscription price of Rs 70.On the last 16 sessions grey market activities, the lowest GMP is Rs 0, while the highest GMP is Rs 40, as per multiple websites that track grey market. Highway Infrastructure IPO Allotment Date- August 8Highway Infrastructure IPO allotment status link- ipo.bigshareonline.com/ipo_status.html.How to check Highway Infrastructure IPO allotment status Open the website of Bigshare Services Pvt LtdGo to Bigshare Services Pvt Ltd IPO allotment page- ipo.bigshareonline.com/ipo_status.htmlSelect the name on company under 'Select IPO' categoryName of Highway Infrastructure will be added once the allotment is outSelect PAN and enter details belowEnter Captcha and click on SubmitHighway Infrastructure IPO allotment status will be displayed on your screen.Highway Infrastructure IPO Listing date Highway Infrastructure IPO is likely to be listed on August 12 both the BSE and NSE, with trading expected to commence at 10:00 AM IST.About HILHIL is engaged in the business of tollway collection, infrastructure development and management, and real estate business. While the company’s business spans various facets of infrastructure development and management, tollway collection stands out as a significant mix of its business model, driving consistent revenue and long-term financial performance.The company’s tollway collection business model is centred on a combination of technology integration and revenue management to optimize toll operations across its highway projects. HIL is one of the few toll operators who have managed tollway collection based on ANPR technology on Delhi-Meerut Expressway. The company employs updated electronic tollway collection (ETC) systems, which leverage radio frequency identification (RFID) tags and digital payment platforms to facilitate seamless and contactless toll payments. This model not only reduces congestion at toll plazas but also enhances operational efficiency by reducing transaction times and errors, thereby resulting in overall better management.(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
Highway Infrastructure IPO witnesses 27x subscription on Day One; GMP signals over 54% listing gains, should you bid?
