Highway Infrastructure IPO Details
The key details of Highway Infrastructure’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹130.00 Cr |
| Price Range | ₹65 - ₹70 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 211 |
| Investment (cut-off price) | ₹14,770 |
| Pre IPO Promotor Holding | 94.95% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Highway Infrastructure IPO Timelines
The IPO process for Highway Infrastructure includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
05/08/2025
Start Date07/08/2025
End Date11/08/2025
Refund Initiation11/08/2025
Credit of Shares to Demat Ac12/08/2025
Listing DateHighway Infrastructure IPO Lot Size
The Highway Infrastructure IPO has a fixed lot size of 211 shares, at an upper price band of ₹70 per share. For retail investors, the minimum application is 211 shares (1 lot) and the maximum is 2,743 shares (13 lots), amounting to ₹14,770 and ₹1,92,010 respectively. For S-HNI investors, the minimum application is 2,954 shares (14 lots) worth ₹2,06,780 and the maximum is 14,137 shares (67 lots) amounting to ₹9,89,590, while B-HNI investors need to apply for at least 14,348 shares (68 lots) totaling ₹10,04,360.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 211 | ₹14,770 |
| Retail Maximum | 13 | 2743 | ₹1,92,010 |
| S-HNI Minimum | 14 | 2954 | ₹2,06,780 |
| S-HNI Maximum | 67 | 14137 | ₹9,89,590 |
| B-HNI Minimum | 68 | 14348 | ₹10,04,360 |
Highway Infrastructure IPO Subscription Status
The subscription status for Highway Infrastructure IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 432.71x | 473.10x | 164.48x | -- | 316.64x |
IPO Performance on Listing Day
On its listing day (August 12, 2025), Highway Infrastructure IPO delivered a strong debut on the exchanges. The stock opened at ₹115, reflecting a premium of 64.29% over the issue price of ₹70. It surged to an intraday high of ₹120.75, which was also its closing price, without touching its low of ₹115 again. The stock ended the day with a gain of 72.50% over the issue price, indicating sustained buying interest throughout the session.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹115.00 | ₹120.75 | ₹120.75 | ₹115.00 |
Highway Infrastructure IPO Company Financials
Highway Infrastructure reports robust performance in FY2025 with Total Income of ₹504.48 crores, managing expenses at ₹474.22 crores, and achieving a strong PAT (Profit After Tax) of ₹22.40 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹357.94 | ₹346.37 | ₹8.52 |
| FY 2023 | ₹456.83 | ₹437.34 | ₹13.80 |
| FY 2024 | ₹576.58 | ₹546.65 | ₹21.41 |
| FY 2025 | ₹504.48 | ₹474.22 | ₹22.40 |
About Company
Highway Infrastructure Limited (HIL), incorporated in 1995, is an Indian infrastructure company engaged in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. It specializes in constructing and maintaining roads, highways, bridges, and residential developments. In the tollway segment, HIL manages operations across 11 states and one Union Territory, using advanced technologies like ANPR and RFID-enabled Electronic Toll Collection systems. As of August 31, 2024, the company has completed 24 tollway projects and operates 7 ongoing ones, including high-profile projects like the Delhi-Meerut Expressway.
In the EPC segment, HIL executes a wide range of infrastructure projects, from roads and bridges to irrigation and civil buildings. With in-house capabilities for end-to-end project management, it has completed 63 EPC projects and is executing 20 more, mainly in Madhya Pradesh. The company also has a smaller real estate division focused on developing and selling residential and commercial properties, including gated communities. As of August 31, 2024, HIL employs 398 personnel across its various business verticals.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1995 | Infrastructure | Arun Jain |
Know Before Investing
Highway Infrastructure IPO Strengths
- The company has executed infrastructure and toll projects in several Indian states, including Madhya Pradesh, Gujarat, Andhra Pradesh, and Delhi, enhancing market reach and reducing geographic concentration risk.
- The company reported annualized revenues of about ₹576.57 crore and net profit of ₹21.41 crore in FY24, reflecting solid financial performance and operational stability.
- Highway Infrastructure has a strong presence in engineering, procurement, and construction (EPC) projects alongside toll operations, providing multiple revenue streams.
- Adoption of technology-driven solutions such as ANPR reflects the company’s commitment to innovation and improving operational efficiencies.
- With the Indian government’s continued focus on expanding highways and expressways, Highway Infrastructure is well-positioned to capitalize on increasing infrastructure spending across the country.
Highway Infrastructure IPO Risks
- Highway Infrastructure is relatively smaller in scale than many large infrastructure players, which may limit its bargaining power, pricing flexibility, and ability to compete for large projects.
- Dependence on government and private tenders exposes the company to risks related to tender wins, competitive bidding, and delays, which can lead to uncertainty in order inflows and cash flows.
- The engineering, procurement, and construction business contributes moderately to overall revenue; slower growth or challenges in this segment can affect revenue diversification and overall business stability.
- Price fluctuations in key raw materials such as steel can increase production costs. The inability to pass these costs on to customers promptly may compress profit margins.
- Changes in environmental regulations, construction permits, or infrastructure policies could increase compliance costs or restrict the company’s ability to operate certain projects.
- Infrastructure demand is cyclical and dependent on overall economic growth and government spending. Economic slowdowns or reduced infrastructure investments could impact project pipelines and profitability.
Swot Analysis for Highway Infrastructure IPO
Strengths
Nearly Three Decades of Sector Experience, Technological Advancement in Tolling, Strong Revenue and Profitability Growth
Weaknesses
Modest Scale Compared to Large Peers, Tender-Based Business Risk, Susceptibility to Regulatory and Policy Changes
Opportunities
Expanding Road and Highway Spending in India, Diversification Beyond Roads, Adoption of Smart Technologies
Threats
Intensifying Industry Competition, Execution Bottlenecks and Delays, Economic and Policy Sensitivity
Company Details
Highway Infrastructure Ltd.
57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore-452016 Madhya Pradesh, India.
Phone: +91 731 4047177
Email: cs@highwayinfrastructure.in
Website: http://www.highwayinfrastructure.in/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Highway Infrastructure IPO are:
- Funding Working Capital Requirements of the Company.
- General Corporate Purposes.
Pantomath Capital Advisors Pvt Ltd is the book-running lead managers for the Highway Infrastructure IPO.
Highway Infrastructure has demonstrated strong growth, with revenue rising by 26% from ₹456.83 crore in FY23 to ₹576.58 crore in FY24 and PAT increasing by 55% to ₹21.41 crore, signaling improving profitability. Operational efficiency also strengthened, with EBITDA reaching ₹38.44 crore and margins at 6.7%. While the sector poses regulatory and execution risks, the company’s expanding topline and bottom-line performance indicate solid growth potential in the infrastructure contracting space.
The issue price for the Highway Infrastructure IPO is set between ₹65 to ₹70 per share.
To invest in one lot of Highway Infrastructure IPO, you need ₹13,715 at the lower price band (₹65 per share) or ₹14,770 at the upper price band (₹70 per share) for a lot size of 211 shares.
Highway Infrastructure IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 12, 2025.
Refund/unblocking of funds for Highway Infrastructure IPO will begin on August 11, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Highway Infrastructure IPO shares on listing day (August 12, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.