Highway Infrastructure Limited IPO

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Highway Infrastructure Limited IPO

Highway Infrastructure Limited is involved in infrastructure development and management, primarily operating across tollway collection, EPC infrastructure, and real estate. Tollway collection is the key revenue driver, supported by its EPC Infra segment, which handles diverse construction projects including roads, bridges, irrigation works, and civil buildings. As of May 31, 2025, the consolidated order book stands at ₹6,663.07 million, with ₹595.30 million in tollway and ₹6,067.77 million in EPC. In FY25, tollway contributed 77.14% of revenue, followed by 21.28% from EPC Infra and 1.58% from real estate.

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Price Band

₹65 - ₹70

Dates

05 Aug - 07 Aug

GMP

₹24 (34.29%)
Subscriptions

300.61 times
Issue Size

₹130.00 Crs
Highway Infrastructure IPO Key Dates
Opening Date

05 Aug 25

Closing Date

07 Aug 25

Basis Of Allotment

08 Aug 25

Initiations Of Refund

11 Aug 25

Credit Of Shares

11 Aug 25

Listing Date

12 Aug 25

Highway Infrastructure IPO Objects

  • Funding Working Capital Requirements of the Company
  • General Corporate Purposes.

Highway Infrastructure IPO Details
Price Band

₹65 - ₹70

Listing At

NSE & BSE
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹97.52 Cr (1.39 Cr Shares)
Offer For Sale

₹32.48 Cr (0.46 Cr Shares)
Total Issue

₹130.00 Cr (1.86 Cr Shares)
Face Value

₹5 per equity share
Highway Infrastructure IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 211 14,770
Maximum 13 2,743 1,92,010
Small HNI
Minimum 14 2,954 2,06,780
Maximum 67 14,137 9,89,590
Big HNI
Minimum 68 14,348 10,04,360
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Highway Infrastructure IPO Subscription

Updated as on 07-Aug-2025 19:00:00

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 420.57 22,92,914 96,43,33,511
NII 447.32 58,92,914 2,63,60,08,863
bNII (bids above ₹10L) 457.52 39,28,610 1,79,74,21,646
sNII (bids between ₹2L to ₹10L) 426.91 19,64,304 83,85,87,217
Retail 155.58 78,57,218 1,22,24,21,326
Total 300.61 1,60,43,046 4,82,27,63,700
Highway Infrastructure IPO GMP

The estimated Grey Market Premium of Highway Infrastructure IPO is ₹24 per share (34.29%)

Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.

Category Allocation
Particulars Allocation
QIBs Not more than 50% of Net Offer
Big HNIs (NII) Not less than 10% of Net Offer
Small HNIs (NII) Not less than 5% of Net Offer
Retail Not less than 35% of Net Offer
Highway Infrastructure IPO Financials

(Rs. in crores)

Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 495.72 573.45 455.13
Profit after Tax 22.40 21.41 13.80
Net Worth 117.72 100.19 74.81
Total Borrowing 71.82 69.62 63.36
Total Assets 231.56 202.63 156.59
NAV per share (in ₹) 20.37 17.34 12.95
EPS - Basic (in ₹) 3.40 3.28 2.03

The financial information presented is on a consolidated basis.

Key Performance Indicators
KPI Values
EBITDA 6.32%
PAT 4.44%
ROE 19.03%
ROCE 16.56%
Debt to Equity 0.61
PE Ratio 20.59
PB Ratio 3.44
Mkt Cap (in Crs.) 502.04
  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.
Highway Infrastructure IPO Peer Comparision

(Rs. in crores)

Particulars Highway Infrastructure Udayshivakumar Infra IRB Infrastructure Developers H.G. Infra Engineering
Revenue from Ops (in Crs.) 495.72 289.13 7,613.47 5,056.18
PAT (In Crs.) 22.40 -7.21 6,480.68 505.40
EPS - Basic 3.40 -1.18 1.12 75.04
NAV per share 20.37 30.43 32.83 452.62
RONW 19.03% -4.28% 32.69% 17.13%
EBITDA 6.32% 0.95% 45.56% 20.96%
PAT Margin 4.44% -2.44% 80.69% 9.97%
Price to earning (PE) 20.59 NA 44.38 14.00
Debt to Equity 0.61 0.36 1.04 1.39
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 27, 2025 for Peers
Highway Infrastructure IPO Peer Comparision

(Rs. in crores)

Particulars Highway Infrastructure
Revenue from Ops (in Crs.) 495.72
PAT (In Crs.) 22.40
EPS - Basic 3.40
NAV per share 20.37
RONW 19.03%
EBITDA 6.32%
PAT Margin 4.44%
Price to earning (PE) 20.59
Debt to Equity 0.61
Udayshivakumar Infra IRB Infrastructure Developers H.G. Infra Engineering
289.13 7,613.47 5,056.18
-7.21 6,480.68 505.40
-1.18 1.12 75.04
30.43 32.83 452.62
-4.28% 32.69% 17.13%
0.95% 45.56% 20.96%
-2.44% 80.69% 9.97%
NA 44.38 14.00
0.36 1.04 1.39
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 27, 2025 for Peers
Promoter Details
Name Shareholding
Anoop Agrawal 37.25%
Arun Jain 34.53%
Riddharth Jain 9.21%
Other Promoter 13.96%
Total 94.95%
Management Details
Name Designation
Arun Jain MD
Ankit Tandon CEO
Saurabh Mittal CFO
Company Details

Name: Highway Infrastructure Limited

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

Number: 731 4047177

Email: cs@highwayinfrastructure.in

Website: www.highwayinfrastructure.in

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Highway Infrastructure IPO is a Mainboard IPO having an issue size of Rs. ₹130.00 Crs. Highway Infrastructure IPO is priced at ₹65 - ₹70 per share. The issue opens on 05 Aug 25 and closes on 07 Aug 25.

Highway Infrastructure IPO opens on 05 Aug 25 and closes on 07 Aug 25.

The estimated Grey Market Premium of Highway Infrastructure IPO is ₹24 per share (34.29%).

The minimum lot size of Highway Infrastructure IPO is 211 shares & the minimum application amount is Rs. 14770.

The allotment date of Highway Infrastructure IPO is 08 Aug 25.

The listing date of Highway Infrastructure IPO is 12 Aug 25.

Highway Infrastructure IPO is subscribed 300.61 times.

Highway Infrastructure IPO is priced at ₹65 - ₹70 per share.

Click the allotment link on Highway Infrastructure IPO page of IPO360.

  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Highway Infrastructure IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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