After a blockbuster response from investors, the finalisation of share allotment is expected to take place today, August 8. The IPO, which closed on August 7, received a strong response across all investor categories.
Here’s your quick guide to checking your Highway Infrastructure IPO allotment status online, where to find it, and the common mistakes to avoid during the process.
Highway Infrastructure IPO allotment status check: Where and How
Once the allotment is finalised, you can check your status in two ways: via the registrar’s website Bigshare Services or through the BSE website or NSE.
Here’s how to check:
Step-by-Step: How to check on Bigshare
- Head to Bigshare Services
- Click on the IPO Allotment link
- Choose “Highway Infrastructure” from the dropdown
- Enter your PAN/application number/DP ID
- Submit to see your allotment status
Checking via BSE? Here’s how
- Go to BSE India
- Select Equity as the issue type
- Choose “Highway Infrastructure” IPO
- Fill in your application number and PANComplete the captcha and click Search
What if you are not allotted shares?
If you are allotted shares, they will be credited to your Demat account shortly.
If not, your funds will be unblocked/refunded within 2–3 working days.
Highway Infrastructure IPO: GMP update ‘
While the allotment status is awaited, the grey market premium (GMP) continues to buzz at Rs 36. That hints at a potential listing price of Rs 106, nearly 51% above the issue price of Rs 70.
However, it is important to note that GMP is unofficial and volatile, and does not guarantee listing day performance.
Mistakes to avoid while checking your IPO status
- Typing errors in PAN or application number
- Checking status too early before data gets updated
- Mixing up DP ID with other fields
- Seeing “No record found” – which may just mean it’s not live yet
Highway Infrastructure IPO: A recap of the numbers
The Rs 130 crore IPO was a mix of fresh shares and offer-for-sale. Investors from all segments showed huge interest, pushing the issue to be subscribed a whopping 316.64 times.
Here’s how it broke down –
- Retail investors: 164.48x
- Qualified institutional buyers: 432.71x
- Non-institutional investors (HNIs): 473.10x
Highway Infrastructure IPO is set to list on BSE and NSE on Tuesday, August 12.