Highway Infrastructure Ltd - IPO

Highway Infrastructure Ltd IPO Details

Initial public offering of 18,571,428 equity shares of face value Rs. 5/- each (Equity Shares) of the company for cash at a price of Rs. 70 per equity share (including a share premium of Rs. 65 per equity share) (Offer Price) aggregating to Rs.130.00 crores (the Offer) comprising a fresh offer of 13,931,428 equity shares of face value Rs. 5/- each aggregating to Rs. 97.52 crores by the company (the Fresh Offer) and an offer for sale of4,640,000 equity shares of face value Rs. 5/- each aggregating to Rs. 32.48 crores by Arun Kumar Jain and Anoop Agrawal( Promoter Selling Shareholders),each promoter selling shareholder providing an offer for sale of 2,320,000equity shares of face value Rs. 5/- each (and such offer for sale of equity shares by the promoter selling shareholders the Offer for Sale). The offer will constitute 25.89 % of the post-offer paid-up equity share capital of the company. The Offer for Sale and together with the fresh offer, the Offer.

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

Highway Infrastructure Ltd Contact Details

Highway Infrastructure Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@highwayinfrastructure.in

Website - www.highwayinfrastructure.in