Highway Infrastructure Shares Surge After Stellar Market Debut

Highway Infrastructure's stock soared to its upper circuit limit following a robust debut on Indian exchanges. The shares opened at ₹122.84 on BSE and ₹120.75 on NSE, marking a 64-67% premium over its ₹70 IPO price—a clear nod to investor confidence.

The ₹130 crore offering was oversubscribed 300 times, with anchor investors committing ₹23.4 crore ahead of listing. The IPO combined a fresh issue of 1.39 crore shares with a 46.4 lakh share OFS, all priced within the ₹65-70 band.

Behind the frenzy lies an Indore-based player with ₹666 crore in orders—₹607 crore from EPC contracts and ₹60 crore from toll operations. FY25 financials reveal ₹504 crore in revenue and ₹22.4 crore net profit, painting a picture of a small-cap infrastructure firm punching above its weight.