Highway Infrastructure IPO: Price Band, Dates, Lot Size, GMP & Company Details
With a reasonable price band of ₹65-70, a retail-friendly lot size of 211 shares, and growth potential in the Indian infrastructure space, Highway Infrastructure IPO is likely to attract strong demand.
The price band of the Highway Infrastructure IPO will be 65-70 per share and it will open for subscription on August 5, 2025. Retail and institutional investors have given a lot of interest to this IPO because the company has a robust presence in infrastructure, toll collection, and EPC areas. In this blog post, we are going to discuss all the things you should need to know about Highway Infrastructure IPO, its issue size, date of subscription, GMP, lot size, financials of the company and process of applying.
Highway Infrastructure IPO: Key Details at a Glance
Highway Infrastructure IPO Price Band and Lot Size
- Price Band: The price band has been set at ₹65 to ₹70 per equity share.
- Lot Size: A single lot consists of 211 shares. Retail investors must apply in multiples of 211 shares.
For example:
- 1 lot = 211 shares = ₹13,715 (at upper band)
- 2 lots = 422 shares = ₹27,430
- Maximum for retail (14 lots) = ₹1,91,910
Highway Infrastructure IPO Reservation Breakdown
- Qualified Institutional Buyers (QIB): Up to 30%
- Non-Institutional Investors (NII): Not less than 30%
- Retail Investors: Not less than 40%
This allocation structure makes it particularly favorable for retail investors who are seeking high-potential IPOs with a good reservation ratio.
About Highway Infrastructure
Highway Infrastructure Limited (HIL) is an Indian diversified infrastructure development company that was incorporated in 1995, and its operations are mainly focused on tollways collection, EPC (Engineering, Procurement and Construction) projects, and the development of real estate. The company has been in business over 20 years and it focuses on construction and maintenance of roads, highway, bridges and residential work.
Collection is the main revenue generator of HIL and it is concentrated with the tollway collection segment. The company has the toll systems in 11 states and one Union Territory and the company carries out projects on a competitive-bidding basis. It is one of the select operators deploying ANPR (Automatic Number Plate Recognition) technology on highway such as the Delhi-Meerut Expressway. HIL also employs the use of ETC that is combined with RFID tags and digital payments to facilitate easy toll collection. By August 31, 2024, it had implemented 24 tollway projects and had 7 active projects.
Strategizing to projects, planning and execution in EPC infrastructure segment is done with HIL in house teams. Already the company has managed to complete 63 projects and 20 are under implementation in such regions as Indore, Ratlam and Khandwa (Madhya Pradesh). These are civil buildings, bridges, irrigation structures, roads and tanks.
The real estate arm of the firm specialized in building and selling of homes as well as business premises. It is the smallest line of business but HIL has done gated community and housing projects in designated regions. By the month of August in 2024, HIL had 398 employees working in the settings of its toll, EPC and real estate businesses.
Objects of the Highway Infrastructure IPO
The net proceeds from the fresh issue of ₹97.5 crore will be used for:
- ₹65 crore – Working capital requirements
- Remaining amount – General corporate purposes
This shows the company's intent to strengthen operational capabilities and fund ongoing infrastructure projects.
Promoters Selling via Offer for Sale (OFS)
Two promoters are offloading shares through the OFS route:
- Arun Kumar Jain
- Anoop Agrawal
This indicates a partial exit but not a complete dilution, which is often a sign of continued promoter confidence in the business.
How to Apply for Highway Infrastructure IPO on IPOji.com
- Log in to your demat-enabled trading account (Zerodha, Groww, Upstox, etc.).
- Go to the IPO section.
- Select Highway Infrastructure IPO.
- Enter bid quantity (in lots) and price (or choose cut-off).
- Confirm your UPI ID and approve the mandate on your app.
- You're done! Wait for the allotment results on IPOji.com.
