IPO Details Dates Business Lot Info Subscription GMP Financials KPI Peers Others
Highway Infrastructure Limited IPO

Highway Infrastructure Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹65 - ₹70

Total Issue

₹130.00 Cr

Bid Dates

05 Aug - 07 Aug

Subscription

300.61x

Est. GMP

₹24 (34.29%)

Website RHP Check Allotment

Tentative Timetable

Open 05 Aug
Close 07 Aug
Allotment 08 Aug
Refunds 11 Aug
Credit 11 Aug
Listing 12 Aug

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.

Lot Info

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

Category Reservation

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

Issue Size

Total ₹130.00 Cr
Fresh Issue
₹97.52 Cr (1.39 Cr Shares)
Offer For Sale
₹32.48 Cr (0.46 Cr Shares)
Promoters
Others

Objects of Issue

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

Grey Market Premium

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

Highway Infrastructure IPO Peer Comparison

(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

Financial Performance

Metric (Cr) 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

KPIs

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.

Shareholding

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

Bigshare Services

Lead Managers (1)

Pantomath Capital Pantomath Capital

Subscription Status

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

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

Frequently Asked Questions

What is Highway Infrastructure 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.
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
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