Highway Infrastructure IPO: Last Day to Apply, GMP, and Subscription Updates
This article provides an in-depth look at the Highway Infrastructure IPO, focusing on its final application day, the latest Grey Market Premium (GMP), and the potential market impacts. For daily IPO Grey Market Premium updates, consider subscribing and joining the Telegram group linked in the comments.
Application Deadlines and Process
Today marks the final day to apply for the Highway Infrastructure IPO. The application window opened on August 5th for the first day, followed by August 6th for the second day. If you are using Net Banking and ASBA for your application, ensure you complete the process before the cut-off timing specified by the company’s bank to be eligible for allotment via the lottery system. For those using a UPI ID, it is crucial to accept the mandate by 5 PM today to ensure your participation in the future allotment process.
IPO Details at a Glance
The Highway Infrastructure IPO features a face value of ₹5 per share. The company has set the cut-off price at ₹70. To apply for this IPO, investors must bid for a minimum of 211 equity shares per lot at this cut-off price to be eligible for an allotment.
Subscription Status by Category
The Highway Infrastructure IPO has received significant interest across various investor categories:
- Qualified Institutional Buyers (QIB): This category has seen subscriptions of approximately 32 times. The response from QIBs has met initial expectations, with further subscriptions anticipated in the final hours.
- High Net Worth Individuals (HNI): The HNI category has set a new record, with an impressive subscription of 305 times. Within this segment, Big HNI applications reached 303 times, while Small HNI applications were subscribed 308 times.
- Retail Investors: The retail category has been subscribed 126 times so far.
Overall, the IPO has garnered bids totaling nearly ₹18,963 crores, resulting in an approximate subscription rate of 177.895 times. The expectation is that the IPO will easily exceed 200 times subscription.
Allotment Chances
Based on the current subscription figures, the chances of receiving an allotment are highest for applicants in the Big HNI category, followed by the Retailers category, and then the Small HNI category. Specifically, there is an approximate 1 in 60 chance for Big HNI applications and around 1 in 300 chance for Small HNI applications.
Latest Grey Market Premium (GMP)
The current Grey Market Premium (GMP) for the Highway Infrastructure IPO stands at ₹40, indicating a 57% premium over the issue price. This suggests a potential listing gain of approximately ₹8,400 for every ₹1 crore invested.
Market Impact and Considerations
Investors should be mindful of the prevailing market concerns related to tariffs, as these factors could potentially influence the company’s performance in the future. It is advisable to take such market conditions into account when formulating your application strategy for this IPO.
Conclusion
The speaker has personally applied for this IPO. Further updates on the final allotment chances after 5 PM will be provided. For any additional questions or concerns, feel free to use the comment section.
