Highway Infrastructure's IPO made investors rich, gave 72% profit on the very first day..

Highway Infrastructure Limited made such a debut in the stock market on Tuesday that investors' pockets were filled immediately. The company's shares opened at Rs 177 on the Bombay Stock Exchange (BSE), 67 percent above its issue price. At the same time, it was listed at Rs 115 with a 64.29% premium on the National Stock Exchange (NSE). The upward trend continued even after the listing, and it hit an upper circuit of 5 percent in the secondary market. After this, the price of the shares rose to Rs 120.75.

IPO got record-breaking demand
The tremendous response received by the IPO of Highway Infrastructure clearly shows that this listing was not an ordinary thing. The company opened its IPO on August 5, which remained open till August 7. In these three days themselves, this issue got more than 300 subscriptions, which is really a big thing. The special thing is that the segment of big investors, i.e., Qualified Institutional Buyers (QIB), subscribed for their share more than 420 times. At the same time, non-institutional investors (NII) bid more than 447 times. Common retail investors also did not hold back and subscribed more than 155 times. All these things show that investors' confidence in the company's business and growth expectations is very strong.

The issue was of Rs 130 crore.

Through this IPO, the company had set a target of raising Rs 130 crore. Out of this, new equity shares worth Rs 97.5 crore were issued, while the Offer for Sale (OFS) was worth Rs 32.5 crore. The company has clarified that the amount raised will be used mainly to meet working capital requirements and for general corporate purposes.

Strong hold in the infrastructure sector
Highway Infrastructure Limited is a tollway operator that works in the field of road and infrastructure development. The infrastructure sector is an important engine of India's economic growth, and the demand in this sector is constantly increasing. Market experts believe that, considering the current position of the company and the prospects of the sector, its shares can give good returns even in the long term.

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