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News Details

( As on 26/07/2025 07:01)

Highway Infrastruct announces launch of initial public offering

Highway Infrastructure Ltd. has announced public offering of 18571429 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 65.00 per share. The gross proceeds of the issue are expected to be Rs 13,000.00 lakhs.

The company's initial public offer (IPO) will open on 05 August 2025 and is expected to close on 07 August 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 65.00-70.00 per share.

The IPO includes a fresh Issue of 18571429 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 211 shares with bids in multiples of 211.

Highway Infrastructure Ltd. anticipates using the proceeds of the issue for .

Pantomath Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.