Highway Infrastructure IPO price band has been fixed in the range of ₹65 to ₹70 per equity share of the face value of ₹5. The Highway Infrastructure IPO date of subscription is scheduled for Tuesday, August 5 and will close on Thursday, August 7. The allocation to anchor investors for the Highway Infrastructure IPO is scheduled to take place on Monday, August 4. The Highway Infrastructure IPO lot size is 211 equity shares and in multiples of 211 equity shares thereafter.
Highway Infrastructure IPO has reserved not more than 30% of the shares in the public issue for qualified institutional buyers (QIB), not less than 30% for non-institutional Institutional Investors (NII), and not less than 40% of the offer is reserved for retail investors.
Tentatively, Highway Infrastructure IPO basis of allotment of shares will be finalised on Friday, August 8 and the company will initiate refunds on Monday, August 11 while the shares will be credited to the demat account of allottees on the same day following refund. Highway Infrastructure share price is likely to be listed on BSE and NSE on Tuesday, August 12.
Highway Infrastructure IPO details
Highway Infrastructure IPO consists of a new equity share issuance amounting to ₹97.5 crore, alongside an offer-for-sale of 46.4 lakh shares from promoters Arun Kumar Jain and Anoop Agrawal.
The company, engaged in infrastructure development and management, operates in toll collection, EPC infrastructure, and real estate sectors. It plans to allocate ₹65 crore from the fresh issue proceeds for working capital needs, with the remaining funds designated for general corporate purposes.
Pantomath Capital Advisors Pvt Ltd serves as the lead manager for the Highway Infrastructure IPO, while Bigshare Services Pvt Ltd acts as the registrar for the offering.
