IPO

Highway Infrastructure Limited IPO

Mainboard Allotment Out

Offer Date: Aug 5, 2025 - Aug 7, 2025

Exp. Premium: 30-33 (42.86%)

₹ 14770 /211 Shares

Check Allotment

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Highway Infrastructure IPO Details

05 Aug, 2025

Open Date

07 Aug, 2025

Close Date

08 Aug, 2025

Allotment Date

12 Aug, 2025

Listing Date

Issue Price

₹65-70 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

Market Lot

Retail : 211 Shares (₹14,770/-)
S-HNI : 2,954 Shares (₹2,06,780/-)
B-HNI : 14,348 Shares (₹10,04,360/-)

Lead Manager

Pantomath Capital Advisors Pvt Ltd

Issue Size

Total 130.00 Cr :
#Fresh Issue : 1,39,31,428 shares(aggregating up to ₹97.52 Cr) +
#OFS : 46,40,000 shares of ₹5(aggregating up to ₹32.48 Cr)

Retail Portion

40% (Number of Retail Applications: 35,206 Approx),
(Number of S-HNI Applications : 629 Approx),
(Number of B-HNI Applications : 1,257 Approx)

Subscription

300.61 times

IPO Docs

DRHP RHP ANCHOR

Highway Infrastructure IPO Details


Highway Infrastructure IPO is a book-built issue of ₹130 crores, The total issue size is ₹130 crores. The IPO of Highway Infrastructure is priced at ₹65-70 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Aug 5, 2025 and ends on Aug 7, 2025. The allotment for Highway Infrastructure IPO will be finalized on Aug 8, 2025. Highway Infrastructure IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 12, 2025. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 211 shares, extendable to 14,770. S-HNIs will be able to bid for 2,954 shares at ₹2,06,780, while B-HNIs can also apply for a bid of 14,348 shares at ₹10,04,360. The book-running lead manager for the IPO is/are Pantomath Capital Advisors Pvt Ltd.

The total issue ₹130 crore, comprising a fresh issue of 1,39,31,428 shares ₹97.52 crore and an Offer for Sale (OFS) of 46,40,000 shares to mop up ₹32.48 crore.

The Highway Infrastructure IPO sets its price band at 65-70 for each share. A single application for Highway Infrastructure Limited IPO must contain at least 211 shares. Sentiment investors need to invest a minimum of 211 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,770 In order to participate in the sNII, investors must purchase at least 14 lots of 2,954 shares for ₹2,06,780, while the bNII requires 68 lots of 14,348 shares for an investment of ₹10,04,360.

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Highway Infrastructure IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved22,28,57154,71,992
36,47,995    18,23,997		74,28,5721,52,28,573
Day 1 - 05-08-25 05:00 PM4.87 x33.04
30.07 x   38.97 x		28.26 x26.68 x
Day 2 - 06-08-25 05:00 PM7.10 x97.70
87.34 x   118.41 x		73.55 x72.92 x
Day 3 - 07-08-25 05:00 PM420.57 x447.32
457.52 x   426.91 x		155.58 x300.61 x
Total No. of Applications: 46,36,025 (Approx)
Retail Subscription on the basis of Applications: Retail:120.0x BHNI:90x SHNI:420x times

Highway Infrastructure Valuations

EPS Pre IPO

₹3.88/-

EPS Post IPO

₹3.12/-

P/E Pre IPO

18.06

P/E Post IPO

22.41

ROE

19.03%

ROCE

16.56%

Debt/Equity

0.61

RoNW

19.03%

PAT Margin

4.44%

Price to Book Value

3.44

Highway Infrastructure Company Financials All values are in ₹ Cr.

31-Mar-2531-Mar-2431-Mar-23
Assets231.56202.63156.59
Revenue504.48576.58456.83
Profit After Tax22.4021.4113.80
Net Worth117.72100.1974.81
Reserves & Surplus83.9083.4964.44
Total Borrowing71.8269.6263.36

About The Company

Highway Infrastructure Limited (HIL), which was incorporated in 1995, is an Indian infrastructure development firm and management company undertaking tollway collection, EPC (Engineering, Procurement, and Construction) contracts, and real estate development. It is a specialist in road construction and road maintenance and in building highways, bridges, and residential projects.

Business Segments:
Tollway Collection Business:HIL collects tollways for highway projects through competitive bidding, and manages these tollway collection systems.The organization is one of the select toll operators employing ANPR (Automated Number Plate Recognition) technology for toll collection on the Delhi-Meerut Expressway.Toll collection operations are spread over 11 states and one Union Territory.The organization operates an upgraded Electronic Toll Collection (ETC) system employing RFID tags and electronic payment platforms to make toll payments hassle-free.As of August 31, 2024, HIL has executed 24 tollway collection projects and is executing 07 tollway collection projects.
EPC Infra Projects:
HIL has in-house capability to execute projects from concept to delivery.The company has expertise in different types of infrastructure projects such as roads, bridges, tanks, irrigation-related construction, and civil buildings.As of August 31, 2024, HIL has executed 63 EPC Infra projects with 20 projects in execution.Current projects are being implemented in Indore, Ratlam, and Khandwa of Madhya Pradesh, India.
Real Estate:Real estate business includes the ownership, development, construction, and sale of commercial and residential properties.The company has constructed gated communities and residential projects over the years.Real estate is the least business segment of HIL.

Workforce:As of August 31, 2024, HIL has 398 employees working in its business segments.

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Highway Infrastructure - Strength and Weakness

Strength

Nearly 30 years of industry experience in toll operations and EPC projects.

Pioneered the use of ANPR technology for toll collection on major expressways.

Demonstrated financial performance with substantial revenue and profitability.

Experienced promoters with extensive industry knowledge and established relationships

Weakness

Modest scale of operations compared to larger industry peers.

Susceptibility to risks inherent in tender-based business models.

Moderate contribution from the EPC segment could affect revenue diversification.

Highway Infrastructure - Promoter(s)

Pre Issue Share Holding: 94.95%

Post Issue Share Holding: N/A%

Company Promoter(s)
  1. Arun Kumar Jain
  2. Anoop Agrawal
  3. Riddharth Jain

Highway Infrastructure IPO - Issue Objectives

  1. Funding Working Capital Requirements of the Company.
  2. General Corporate Purposes.

Highway Infrastructure IPO - Anchor Investors

Highway Infrastructure gives Rs 23.4 crore worth shares to 4 anchor investors including HDFC Bank in pre-IPO.

VPK Global Ventures Fund placed Rs 8.4 crore against almost 12 lakh shares in Highway Infrastructure, while HDFC Bank, Abans Finance, and Sunrise Investment Opportunities Fund purchased 7.14 lakh shares valued at Rs 5 crore each.

Other Details

Company Contact Details

Highway Infrastructure

57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore, Madhya Pradesh, 452016

Phone: +91 731 4047177

Email: cs@highwayinfrastructure.in

Website: http://www.highwayinfrastructure.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Highway Infrastructure IPO - FAQs

Ans. Highway Infrastructure Limited IPO is a Mainboard IPO. The issue is priced at ₹65-70 per equity share. The minimum order quantity is 211 Shares. The IPO opens on Aug 5, 2025, and closes on Aug 7, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Highway Infrastructure Limited IPO opens on Aug 5, 2025 and closes on Aug 7, 2025.

Ans. The size of Highway Infrastructure Limited IPO is Total 130.00 Cr : #Fresh Issue : 1,39,31,428 shares(aggregating up to ₹97.52 Cr) + #OFS : 46,40,000 shares of ₹5(aggregating up to ₹32.48 Cr).

Ans. The IPO price band is set between ₹65-70 per equity share.

Ans. To apply for Highway Infrastructure Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Highway Infrastructure Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Highway Infrastructure Limited IPO is Aug 8, 2025.

Ans. The Highway Infrastructure Limited IPO will be listed on Aug 12, 2025.

Ans. Follow the steps to check the allotment status for Highway Infrastructure Limited IPO here.