DK Business Network
Highway Infrastructure Limited launched its initial public offering (IPO) worth ₹130 crore, which saw an oversubscription of 316 times. The IPO comprised a fresh issue worth ₹97.52 crore along with an offer for sale of ₹32.48 crore by existing shareholders.
Advisors on the Deal:
Bengaluru-based ALMT Legal served as the Indian legal advisor to Highway Infrastructure Limited.The transaction team consisted of:
1. Rajat Bopaiah (Senior Partner)
2. Souvik Paul Mazumdar (Partner)
3. Aman Singh Poras (Principal Associate)
4. Natasha Ponnappa (Senior Associate)
5. Nikhil Krishna (Associate)
6. Gunjan S. Jain (Associate)
7. Zac Toby (Associate)
8. Danika A. Joplin (Associate)
Highway Infrastructure Limited is engaged in developing and managing infrastructure projects. The company engages in tollway collection, EPC infrastructure projects, and real estate ventures.
The IPO’s massive oversubscription highlights strong investor confidence in the infrastructure sector and the company’s growth potential. With this offering, Highway Infrastructure Limited aims to strengthen its financial base and expand operations across its business verticals.
With the IPO successfully completed, the company is set to explore new opportunities and expand its infrastructure portfolio.
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