Highway Infrastructure Limited IPO
Highway Infrastructure Limited IPO
Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹65 - ₹70

Total Issue

₹130 Cr

Bid Dates

05 Aug - 07 Aug

Subscription

316.69x

Est. GMP

₹24 (34.29%)

Website RHP Check Allotment

Valuation

Market Cap

₹502.04 Cr

P/E Ratio

20.59x

P/B Ratio

3.44x

Highway Infrastructure IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

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Business Overview

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.

Highway Infrastructure IPO Lot Size

Lot Information for Highway Infrastructure IPO
Category Lots Shares Amount
Retail (Min) 1 211 ₹14,770
Retail (Max) 13 2,743 ₹1,92,010
S-HNI (Min) 14 2,954 ₹2,06,780
S-HNI (Max) 67 14,137 ₹9,89,590
B-HNI (Min) 68 14,348 ₹10,04,360
Allocate Funds

Category Reservation

QIB 50%
NII 15%
Ret 35%
Market Maker
₹0.00
Employee
₹0.00
Shareholder
₹0.00

Highway Infrastructure IPO Size

Total ₹130.00 Cr
Fresh Issue
₹98 Cr (1.39 Cr Shares)
Offer For Sale
₹32 Cr (0.46 Cr Shares)

Objects of Issue

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

Highway Infrastructure IPO IPO Live Subscription

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

Highway Infrastructure IPO IPO Subscription Status (Mainboard)
Category Sub (x) Offered Bids
QIB 432.71 22,28,573 96,43,33,511
NII 473.13 55,71,429 2,63,60,08,863
bHNI 483.92 37,14,286 1,79,74,21,646
sHNI 451.55 18,57,143 83,85,87,217
Retail 164.56 74,28,571 1,22,24,21,326
Total 316.69 1,52,28,573 4,82,27,63,700

Highway Infrastructure IPO IPO Details Live GMP

GMP ₹24
Est. Price ₹94
Est. Gain 34.29%

Highway Infrastructure IPO Peer Comparison

(Rs. in crores)

Highway Infrastructure IPO Peer Comparison Table
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 IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Highway Infrastructure IPO
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

Key Performance Indicators (KPIs)

EBITDA

6.32%

PAT

4.44%

ROE

19.03%

ROCE

16.56%

Debt to Equity

0.61

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

94.95%

Public

5.05%

Anoop Agrawal 37.25%
Arun Jain 34.53%
Riddharth Jain 9.21%
Other Promoter 13.96%

Management

Arun Jain MD
Ankit Tandon CEO
Saurabh Mittal CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Lead Managers (1)

Pantomath Capital

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 (FAQs)

What is Highway Infrastructure IPO?
Highway Infrastructure IPO is a Mainboard IPO having an issue size of ₹130 Crs. Highway Infrastructure IPO is priced at ₹65 - ₹70 per share. The issue opens on 05 Aug 25 and closes on 07 Aug 25.
When will Highway Infrastructure IPO open?
Highway Infrastructure IPO opens on 05 Aug 25 and closes on 07 Aug 25.
What is the GMP of Highway Infrastructure IPO?
The estimated Grey Market Premium of Highway Infrastructure IPO is ₹24 per share (34.29%).
What is the lot size of Highway Infrastructure IPO?
The minimum lot size of Highway Infrastructure IPO is 211 shares & the minimum application amount is Rs. 14770.
When is the allotment of Highway Infrastructure IPO?
The allotment date of Highway Infrastructure IPO is 08 Aug 25.
What is the listing date of Highway Infrastructure IPO?
The listing date of Highway Infrastructure IPO is 12 Aug 25.
What is the subscription of Highway Infrastructure IPO?
Highway Infrastructure IPO is subscribed 300.61 times.
What is the price band of Highway Infrastructure IPO?
Highway Infrastructure IPO is priced at ₹65 - ₹70 per share.
How to check allotment status of Highway Infrastructure IPO?
Click the allotment link on Highway Infrastructure IPO page of IPO360.
How to apply Highway Infrastructure IPO in Zerodha?
  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
How to apply Highway Infrastructure IPO in Groww?
  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
How to apply Highway Infrastructure IPO using ASBA?
  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