India's Highway Trust soars 73% on trading on debut
12/08/2025 06:09
** Shares of Highway Infrastructure Ltd HIGA.NS surge about 73% to 120.75 rupees on trading debut ** HIGA's 1.3 billion rupee ($14.8 million) IPO was subscribed 300 times, led by institutional investors whose portion was subscribed ~421x and non-institutional investors at ~447x ** Infrastructure developer and highway toll operator valued at 8.66 billion rupees ** HIGA IPO comprised sale of new shares worth 975.2 million rupees, while existing investors sold shares wroth 324.8 million rupees; to use proceeds to fund working capital requirements ($1 = 87.6063 Indian rupees) (Reporting by Nandan Mandayam in Bengaluru) ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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