Highway Infrastructure Ltd. makes a strong debut on the bourses with scrip got listed at Rs 117.00 on the Bombay Stock Exchange, a 67.14 per cent premium to its issue price of Rs 70.00. On the National Stock Exchange, the stock was listed at Rs 115.00.
The company, which raised 1.86 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 185.71 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Aug 05 to Aug 07.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Pantomath Capital Advisors Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 80,604.08, up 746.29 points, or 0.93 per cent.