Highway Infrastructure IPO Allotment Likely Today: Here's how to check status on BSE, NSE and registrar

Highway Infrastructure IPO: The allotment status for Highway Infrastructure Ltd.’s initial public offering (IPO) is expected to be finalised Friday, August 8, following overwhelming investor interest that saw the Rs 130-crore issue subscribed over 300 times.

The IPO, which opened for subscription from August 5 to August 7, received bids for 4,82,27,63,700 shares against 1,60,43,046 shares on offer, according to data from the National Stock Exchange (NSE). The non-institutional investor portion was subscribed 447.32 times, qualified institutional buyers 420.57 times, and the retail investors’ quota 155.58 times.

Highway Infrastructure, incorporated in 1995, operates in the engineering, procurement, and construction (EPC) space, and is involved in highway, road and bridge construction, tollway operations, and real estate development.

The IPO was a book-built issue with a price band of Rs 65 to Rs 70 per share. It included a fresh issue of Rs 97.52 crore and an offer for sale (OFS) worth Rs 32.48 crore by promoters Arun Kumar Jain and Anoop Agrawal. The proceeds will be used to fund working capital requirements and general corporate purposes.

How to check allotment status via: 

Investors who subscribed to the IPO can check their allotment status using the following methods:

On NSE:

• Visit NSE IPO Allotment Page
• Select ‘Equity & SME IPO bid details’
• Choose ‘Highway Infrastructure Ltd’ (Symbol: HILINFRA)
• Enter PAN and application number
• Click ‘Submit’

On BSE:

• Visit BSE Application Status
• Select ‘Equity’ as issue type and choose ‘Highway Infrastructure Ltd’
• Enter PAN or application number
• Click ‘Search’

On Bigshare Services (Registrar):

• Visit Bigshare Allotment Page
• Choose any one of three servers
• Select ‘Highway Infrastructure Ltd’
• Enter PAN, application number, or beneficiary ID, along with CAPTCHA
• Click ‘Search’