New Delhi, Aug. 7 -- The initial public offering (IPO) of Highway Infrastructure closed for subscription on Thursday, August 11, with a stellar demand from all categories of investors.

The issue had managed to sail through on the first day of the bidding process itself on August 5 amid a strong grey market premium (GMP).

Highway Infrastructure IPO was booked 300.61 times at the end of the three-day bidding process, with the retail quota booked 155.58 times and the NII portion subscribed 447.32 times. Meanwhile, the QIB segment was booked 420.57 times. Overall, the IPO received bids for 4,82,27,45,343 shares as against 1,60,43,046 shares on offer.

Now, with the closure of the issue, investor focus will now shift to the Highway Infrastru...