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Highway Infrastructure IPO

Infrastructure/Toll - Listed on 12 August 2025

+64.3% listing gain
Issue Price (Upper)
Rs 70
Listing Price
Rs 115
Closing Price (NSE)
Rs 120.75
Total Subscription
300.57x

Highway Infrastructure IPO listing summary

Highway Infrastructure (Infrastructure/Toll) closed its IPO window in 2025 and listed on NSE and BSE on 12 August 2025 at an upper band issue price of Rs 70, opening at Rs 115 for a listing gain of +64.3% and closing day one at Rs 120.75 (+72.5% on closing basis). The IPO was subscribed 300.57x overall - QIB 420.57x, HNI/NII 447.29x, Retail 155.51x. The total issue size was Rs 130 Cr (Fresh Issue Rs 97.52 Cr, OFS Rs 32.48 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+64.29%
Listing Gain (Close)
+72.50%
Day Change After Listing
+8.21%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB420.57x
HNI / NII447.29x
Retail155.51x
Overall300.57x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 127.04x
Day 272.92x
Day 3 (Final)300.57x

Highway Infrastructure IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 30+42.86%
Day 2Rs 40+57.14%
Day 3Rs 40+57.14%
Day 4Rs 40+57.14%
Day 5Rs 38+54.29%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
42.9%-57.1%
IPOGyani AI Prediction
-
Actual Listing Gain
+64.3%

Issue & financials

Issue SizeRs 130 Cr
Fresh IssueRs 97.52 Cr
OFSRs 32.48 Cr
IPO PE22.40
Peer / Sector PE20.20
PE vs Sector Ratio1.38
Latest EBITDA (Cr)6.32
Debt / Equity0.61

Market context at listing

How the broader market moved around the Highway Infrastructure IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.01%
Nifty 1W Return+0.00%
Nifty 1M Return-0.03%
Nifty during IPO window-0.01%

Highway Infrastructure IPO - FAQs

What was the listing gain of Highway Infrastructure IPO?

Highway Infrastructure IPO listed at +64.3% versus the upper issue price of Rs 70 on 12 August 2025.

How many times was Highway Infrastructure IPO subscribed?

Highway Infrastructure IPO was subscribed 300.57x overall. QIB portion was subscribed 420.57x, HNI / NII 447.29x and Retail 155.51x.

What was the IPO GMP for Highway Infrastructure?

IPO GMP started at Rs 30 on Day 1 and moved to Rs 38 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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