New Delhi, Aug. 1 -- The initial public offering (IPO) of infrastructure development and management company Highway Infrastructure is opening for public subscription on Tuesday, August 5 and will remain open until Thursday, August 7.

The Rs.130 crore mainboard issue combines a fresh issue of Rs.97.52 crore and an offer for sale (OFS) of 46.40 lakh shares with a face value of Rs.5 each.

Highway Infrastructure IPO's price band has been fixed in the range of Rs.65 to Rs.70 per equity share.

Highway Infrastructure share allotment is expected to be finalised on Friday, August 8, and the stock may be listed on the BSE and the NSE on Tuesday, August 12.

The company intends to use the net proceeds from the fresh issue of shares to fund its wo...