The Indian primary market continues to buzz with activity, and the Highway Infrastructure IPO is one of the most talked-about offerings in August 2025. With strong fundamentals, a robust project pipeline, and an impressive subscription response, this IPO has captured the attention of retail and institutional investors alike.
If you have applied for this IPO, one of the key dates you’ll be watching is the allotment date — the day when it’s confirmed whether you’ve been allocated shares or not. In this blog, we’ll go through all the important details about the IPO, its allotment date, the process, and what steps you should take next.
About Highway Infrastructure Limited
Highway Infrastructure Limited is a major player in India’s toll road and highway project management sector. The company is involved in:
- Developing and maintaining national and state highways.
- Operating toll collection systems.
- Providing road safety and traffic management solutions.
- Offering infrastructure consulting for public-private partnership projects.
With India’s rapid road network expansion under government initiatives like Bharatmala and PM Gati Shakti, Highway Infrastructure is well-positioned to capitalise on the growing demand for high-quality road infrastructure.
IPO Details
The Highway Infrastructure IPO aimed to raise around ₹130 crore in total. This comprised:
- Fresh Issue: ₹97.52 crore, which will be used for debt repayment, funding new projects, and working capital needs.
- Offer for Sale (OFS): ₹32.48 crore, where existing shareholders sold a portion of their holdings.
Key IPO Highlights:
- Price Band: ₹66 to ₹70 per share.
- Face Value: ₹10 per share.
- Lot Size: 200 shares per lot for retail investors.
- Bidding Dates: August 5 to August 7, 2025.
- Listing Exchange: NSE SME platform.
IPO Subscription Status
The IPO saw a phenomenal response across all categories. The subscription figures were:
- Retail Investors: Subscribed over 300 times.
- Non-Institutional Investors (NII): Subscribed over 250 times.
- Qualified Institutional Buyers (QIB): Subscribed around 150 times.
The overwhelming demand shows high investor confidence in the company’s business model and future growth potential. However, such heavy oversubscription also means allotment chances for retail investors will be relatively low.
IPO Allotment Date
The Highway Infrastructure IPO allotment date is scheduled for August 8, 2025.
On this date, the registrar to the IPO will finalise the allotment process and determine how many shares each eligible applicant will receive. Investors who don’t receive an allotment will get their application money refunded promptly.
How the Allotment Process Works
The allotment process for IPOs in India follows specific guidelines set by SEBI to ensure fairness and transparency:
- Collection of Applications: All bids placed during the subscription period are compiled.
- Categorisation: Applications are classified into retail, NII, and QIB segments.
- Proportional Allotment: In case of oversubscription, allotment happens via a lottery system in the retail category to ensure equal opportunity.
- Finalisation: The registrar finalises the allotment list and shares it with the stock exchanges.
- Notification: Investors can check the status using the registrar’s website or through their broker’s platform.
How to Check Your IPO Allotment Status
Once the allotment is finalised on August 8, you can check your status by:
- Visiting the official website of the IPO registrar.
- Entering your PAN, application number, or DP/Client ID.
- Clicking “Submit” to view your allotment result.
Your demat account will reflect the credited shares if you are allotted any.
Refunds and Unblocking of Funds
If you do not receive an allotment, your application money will be refunded or your ASBA (Application Supported by Blocked Amount) funds will be unblocked by August 11, 2025.
Refunds are processed quickly these days, usually within 1–2 working days after allotment finalisation.
Listing Date
The Highway Infrastructure IPO listing date is set for August 12, 2025 on the NSE SME platform. Given the high subscription levels and strong fundamentals, market watchers expect the stock to list at a premium over its issue price.
Grey Market Premium (GMP) Buzz
Although not an official indicator, the IPO’s grey market premium in the days leading up to allotment has been strong. This suggests positive sentiment and potential listing gains. However, investors should base decisions on fundamentals rather than solely on grey market trends.
Factors Driving Investor Interest
Several reasons explain why the Highway Infrastructure IPO attracted massive demand:
- Sector Growth: India’s highway sector is expanding rapidly, driven by government investment and policy support.
- Strong Order Book: The company has multiple projects in hand, ensuring stable revenue streams for the next few years.
- Proven Track Record: Years of experience in road construction and toll operations.
- Efficient Business Model: Combination of BOT (Build-Operate-Transfer) and HAM (Hybrid Annuity Model) projects.
- Attractive Valuation: Price band justified considering earnings and growth potential.
Risks to Consider
Like any investment, the Highway Infrastructure IPO also comes with risks:
- Regulatory Changes: Changes in infrastructure policies or toll regulations could impact revenue.
- Project Delays: Delays in government approvals or land acquisition could affect timelines.
- High Competition: Multiple players in the sector may lead to pricing pressure.
What Should Investors Do Post-Allotment?
Once allotment results are out:
- If Allotted: Keep an eye on the listing price on August 12. Decide whether to hold long-term based on company fundamentals or book listing gains.
- If Not Allotted: Consider buying from the secondary market if valuations remain attractive post-listing.
- Portfolio Planning: Do not over-concentrate on one stock; maintain a balanced investment approach.
Conclusion
The Highway Infrastructure IPO allotment date of August 8, 2025, is an important milestone for investors who applied for this much-anticipated offering. With heavy oversubscription, allotment will be limited, but the strong fundamentals of the company, robust order book, and promising industry outlook make it a stock worth watching.
Whether you’re a long-term investor or a listing-gain trader, keeping track of post-allotment developments will help you make the most informed decision.