Highway Infrastructure IPO – Key Details and Investment Highlights
The Highway Infrastructure IPO will open on August 5, 2025, and close on August 7, 2025. It is a book-built issue, aiming to raise around ₹130 crores. This includes a fresh issue of ₹97.52 crores and an offer for sale of up to 46,40,000 equity shares, each with a face value of ₹5.
The IPO price band is set at ₹65 to ₹70 per share. The share allocation is divided as follows: 40% for retail investors, 30% for Qualified Institutional Buyers (QIBs), and 30% for High Net-Worth Individuals (HNIs). The IPO is scheduled to be listed on BSE and NSE on August 12, 2025, with the allotment date on August 8, 2025.
In terms of financial performance, the company posted a revenue of ₹504.48 crores in 2025, compared to ₹576.58 crores in 2024. Net profit also rose slightly to ₹22.40 crores in 2025, from ₹21.41 crores in 2024.
Highway Infrastructure IPO Objectives:
- To meet the working capital requirements of the company
- For general corporate purposes
Highway Infrastructure IPO Review (Apply or Not)
- Update Soon
Highway Infrastructure IPO Date & Price Band Details:
| IPO Open Date: | August 5, 2025 |
| IPO Close Date: | August 7, 2025 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹65 to ₹70 Per Share |
| Issue Size: | Approx ₹130 Crores |
| Fresh Issue: | Approx ₹97.52 Crores |
| Offer for Sale: | Approx 46,40,000 Equity Shares |
| Lot Size: | 211 Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 40% |
| QIB Quota: | Not more than 30% |
| NII Quota: | Not more than 30% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Highway Infrastructure IPO Lot Size:
The minimum market lot for the Highway Infrastructure IPO is 211 shares, requiring an application amount of ₹14,770. Retail investors can apply for up to 13 lots, which equals 2,743 shares, amounting to ₹1,92,010.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 211 | ₹14,770 |
| Retail Maximum | 13 | 2,743 | ₹1,92,010 |
| S-HNI Minimum | 14 | 2,954 | ₹2,06,780 |
| B-HNI Minimum | 68 | 14,348 | ₹10,04,360 |
Highway Infrastructure IPO Allotment & Listing Date (Details)
The Highway Infrastructure IPO will open on August 5 and close on August 7. The allotment will be finalized on August 8, and the shares are expected to be listed on August 12, 2025.
| IPO Open Date: | August 5, 2025 |
| IPO Close Date: | August 7, 2025 |
| Basis of Allotment: | August 8, 2025 |
| Refunds: | August 11, 2025 |
| Credit to Demat Account: | August 11, 2025 |
| IPO Listing Date: | August 12, 2025 |
Highway Infrastructure IPO GMP Today:
The latest GMP (Grey Market Premium) for Highway Infrastructure IPO is ₹25. Based on the price band of ₹70 (upper cap), the estimated listing price is ₹95. This suggests an expected listing gain of approximately 35.71% per share.
Promoters of Highway Infrastructure IPO
The promoters of Highway Infrastructure Limited are Arun Kumar Jain, Anoop Agrawal, and Riddharth Jain.
About Highway Infrastructure Limited (HIL)
Highway Infrastructure Limited (HIL) is an Indian company engaged in infrastructure development and management. Its core operations include:
- Toll collection
- EPC (Engineering, Procurement, and Construction) projects
- Real estate development
To manage its working capital needs, HIL utilizes a mix of fund-based and non-fund-based banking facilities.
- Fund-based facilities help maintain cash flow for operational expenses.
- Non-fund-based facilities, such as bank guarantees, are used for other financial obligations.
Highway Infrastructure IPO – Financial Performance
Highway Infrastructure Limited reported a total revenue of ₹504.48 crores in FY2025, compared to ₹576.58 crores in FY2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹357.94 | ₹346.37 | ₹8.52 | ₹155.09 |
| 2023 | ₹456.83 | ₹437.34 | ₹13.80 | ₹156.59 |
| 2024 | ₹576.58 | ₹546.65 | ₹21.41 | ₹202.63 |
| 2025 | ₹504.48 | ₹474.22 | ₹22.40 | ₹231.56 |
Highway Infrastructure IPO Valuation – FY2025
Here are the key valuation metrics for Highway Infrastructure IPO based on FY2025 financials:
| KPI | Values |
| ROE: | 19.03% |
| ROCE: | 16.56% |
| EBITDA Margin: | 6.32% |
| PAT Margin: | 4.44% |
| Debt to equity ratio: | 0.61 |
| Earning Per Share (EPS): | ₹3.40 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.03% |
| Net Asset Value (NAV): | ₹20.37 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Udayshivakumar Infra Limited | (1.18) | NA | (4.28) | 30.43 | 289.13 Cr. |
| IRB Infrastructure Developers Limited | 1.12 | 44.38 | 32.69 | 32.83 | 7613.47 Cr. |
| H.G. Infra Engineering Limited | 75.04 | 14.00 | 17.13 | 452.62 | 5056.18 Cr. |
Highway Infrastructure IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Pvt Ltd
Highway Infrastructure Company Address
Highway Infrastructure Ltd.
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/
Highway Infrastructure IPO – FAQs
Q1. What is the Highway Infrastructure IPO?
Highway Infrastructure IPO is a Book Built Issue IPO aiming to raise approximately ₹130 crores, including a fresh issue of ₹97.52 crores and an offer for sale of 46,40,000 shares.
Q2. When will the Highway Infrastructure IPO open and close?
The IPO will open on August 5, 2025, and close on August 7, 2025.
Q3. What is the price band of the Highway Infrastructure IPO?
The price band is set between ₹65 to ₹70 per equity share.
Q4. What is the lot size for retail investors?
The minimum lot size is 211 shares, requiring an application amount of ₹14,770. Retail investors can apply for up to 13 lots (2,743 shares).
Q5. When will the allotment be finalized?
The IPO allotment will be finalized on August 8, 2025.
Q6. When is the Highway Infrastructure IPO listing date?
The shares are expected to be listed on August 12, 2025, on BSE and NSE.
Q7. What is the Grey Market Premium (GMP) of the IPO?
As of July 29, 2025, the latest GMP is ₹25, indicating a potential listing price of ₹95, and an estimated gain of around 35.71%.
Q8. Who are the promoters of Highway Infrastructure Limited?
The company is promoted by Arun Kumar Jain, Anoop Agrawal, and Riddharth Jain.
Q9. What will the IPO proceeds be used for?
The proceeds will be used for working capital requirements and general corporate purposes.
Q10. Should I invest in the Highway Infrastructure IPO?
The company has shown consistent profitability with strong fundamentals. Investors seeking long-term growth in the infrastructure sector may consider applying.
