Highway Infrastructure IPO Allotment LIVE:

The wait is finally over for investors who participated in the highly-anticipated Highway Infrastructure IPO. The basis of allotment is being finalized, and applicants are now eagerly checking their status to see if they have been allocated shares. The market sentiment surrounding the issue remains overwhelmingly positive, with the Grey Market Premium (GMP) indicating a strong possibility of a bumper listing on the stock exchanges.

A Look at the Robust Demand and GMP

The Highway Infrastructure IPO, which was open for subscription from August 5 to August 7, witnessed phenomenal demand from all categories of investors. The issue was subscribed a massive 300 times, with the Qualified Institutional Buyers (QIBs) segment oversubscribed by 420.57 times, the Non-Institutional Investors (NIIs) by an astounding 447.32 times, and the retail portion by 155.58 times.

This overwhelming subscription is a clear indicator of strong investor confidence in the company’s business model and growth prospects. The positive sentiment is further reflected in the Grey Market Premium (GMP), which has been trending at a significant level. The GMP, an unofficial indicator of an IPO’s expected listing price, suggests that Highway Infrastructure shares could list at a substantial premium over the issue price of ₹65-₹70 per share.

How to Check Your Highway Infrastructure IPO Allotment Status

For those who applied for the IPO, checking the allotment status is a straightforward process. You can check your status through three primary channels: the official registrar’s website, and the websites of the BSE and NSE.

1. Through the Registrar’s Website (Bigshare Services Pvt Ltd):

• Visit the official website of the IPO registrar, which is Bigshare Services Pvt Ltd.
• Navigate to the IPO allotment status section.
• Select “Highway Infrastructure Ltd” from the dropdown menu of company names.
• You will be given the option to check your status using your PAN, Application Number, or DP/Client ID. Choose your preferred method.
• Enter the required details and complete the CAPTCHA for verification.
• Click “Search” to view your allotment status.

2. Through the BSE Website:

• Go to the BSE’s official website and find the IPO application status page.
• Select “Equity” as the issue type.
• From the list of IPOs, choose “Highway Infrastructure Ltd.”
• Enter your application number and PAN details.
• Click “Search” to see if you have been allotted shares.

3. Through the NSE Website:

• Visit the NSE’s official website and go to the IPO allotment status page.
• Select “Equity & SME IPO bids.”
• Choose “Highway Infrastructure Ltd” from the issue name dropdown list.
• Enter your PAN and application number.
• Click “Submit” to view your allotment details.

What Does a High GMP Mean?

The Grey Market Premium is an informal price at which IPO shares trade in the unlisted market before their official debut on the stock exchange. A high GMP suggests that investors are willing to pay a significant premium for the shares, which is a positive sign for the IPO’s listing performance. While the GMP is not a guarantee of the final listing price, it provides a strong indication of market sentiment and investor expectations.

Next Steps for Investors

With the allotment process nearing completion, investors can expect the shares to be credited to the demat accounts of successful applicants on August 11. Unsuccessful applicants will receive a refund on the same day. The shares of Highway Infrastructure Ltd are tentatively scheduled to be listed on the BSE and NSE on August 12.

Investors who have been allotted shares can now look forward to the listing day, where the stock’s performance will be a key event to watch. For those who missed out on the allotment, monitoring the listing and the company’s post-listing performance will provide valuable insights for future investment decisions.