New Delhi, Aug. 5 -- The initial public offering of Highway Infrastructure was off to a solid start, with all quotas getting fully subscribed on the first day of the bidding process on Tuesday amid a strong grey market premium (GMP).

Highway Infrastructure IPO opened for subscription on August 5 and will conclude on August 7. Investors have two more days to apply for the mainboard issue.

At the end of the first day of the bidding process, the Highway Infrastructure IPO was subscribed 27.04 times. The issue witnessed bids for 43,38,14,101 shares as against 1,60,43,046 shares on offer.

The retail portion was subscribed 28.69 times, the NII portion 33.45 times and the QIB portion 4.92 times.

Highway Infrastructure IPO GMP continues to tr...