Highway Infrastructure IPO GMP History
Highway Infrastructure IPO has been listed on August 12, 2025 at a listing price of ₹115, against the issue price of ₹70 — a gain of ₹45 (+64.29%). The GMP peaked at ₹37 on 5 August 2025 and reached a low of ₹23 on 26 July 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Highway Infrastructure IPO raised ₹130 Cr. through its IPO at a price band of ₹65 to ₹70 per share, with a lot size of 211 shares. The IPO was open for subscription from 05 Aug 2025 to 07 Aug 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 1:05 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 10 Aug 2025 | ₹ 25 | ▼ | 36% | — | — |
| 09 Aug 2025 | ₹ 27 | ▼ | 39% | — | — |
| 08 Aug 2025 | ₹ 30 | ▼ | 43% | — | — |
| 07 Aug 2025 | ₹ 35 | ▼ | 50% | — | — |
| 06 Aug 2025 | ₹ 36 | ▼ | 51% | — | — |
| 05 Aug 2025 | ₹ 37 | ▲ | 53% | — | — |
| 03 Aug 2025 | ₹ 35 | ▲ | 50% | — | — |
| 02 Aug 2025 | ₹ 32 | ▲ | 46% | — | — |
| 01 Aug 2025 | ₹ 26 | ▲ | 37% | — | — |
| 26 Jul 2025 | ₹ 23 | — | 33% | — | — |
Highway Infrastructure IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 05 Aug 2025
- Close 07 Aug 2025
- Allotment 08 Aug 2025
- Refund/credit 11 Aug 2025
- Listing 12 Aug 2025
Highway Infrastructure IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹70 |
|---|---|
| GMP-based estimate (pre-listing) | ₹95 (+35.7%) |
| Listing gain / loss | +₹45 per share |
| Listing date | 12 Aug, 2025 |
| Actual listing price | ₹115 (+64.29%) |
Is Highway Infrastructure IPO GMP reliable?
Grey market premium for Highway Infrastructure IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Highway Infrastructure IPO full review for a fundamentals-based assessment before making any grey market trades.
Highway Infrastructure IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Highway Infrastructure IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Highway Infrastructure IPO
Highway Infrastructure Limited was incorporated in 1995. It is an infrastructure development and management company with tollway collection, EPC and real estate businesses. Tollway collection is the largest part of its revenue.
The company uses automatic number plate recognition on the Delhi-Meerut Expressway. Toll operations extend across 11 states and one union territory.
The EPC business builds roads, bridges, tanks, irrigation works and civil buildings. The consolidated order book on 31 May 2025 was Rs 666.31 crore, of which Rs 606.78 crore was EPC and Rs 59.53 crore was tollway collection.
The IPO was Rs 130 crore, with Rs 97.52 crore of fresh issue and Rs 32.48 crore of offer for sale. Rs 65.00 crore was planned for working capital.
Frequently asked
What is the GMP of Highway Infrastructure IPO?
The current Grey Market Premium (GMP) of Highway Infrastructure IPO is ₹ 25.
What is the Kostak Price of Highway Infrastructure IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Highway Infrastructure IPO is not available.
What is the Subject to Sauda Price of Highway Infrastructure IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Highway Infrastructure IPO?
Highway Infrastructure IPO listed on August 12, 2025 at ₹115, against the issue price of ₹70 — a gain of +64.29%.
How did the GMP of Highway Infrastructure IPO trend before listing?
The GMP of Highway Infrastructure IPO was falling in its final days before listing. The GMP peaked at ₹37 on 5 August 2025. View the day-wise table above for the complete GMP history.
Explore Highway Infrastructure IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
