Highway Infrastructure IPO GMP

August 12, 2025 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

The Highway Infrastructure IPO is opening for subscription from August 5 to August 7, 2025, aiming to raise approximately ₹130 crore through a combination of fresh issuance and offer for sale. The company is engaged in highway construction and infrastructure development, focusing on building and maintaining key road networks across India. Priced between ₹65 and ₹70 per share, the IPO offers investors an opportunity to participate in a sector critical to India’s economic growth and infrastructure expansion. With plans to use the raised funds for working capital and corporate purposes, the Highway Infrastructure IPO provides exposure to a growing infrastructure segment driven by increasing government and private investments in road connectivity and development.

₹25

Latest IPO GMP

Last updated on 11 Aug 2025 10.58

₹70

IPO Offer Price

*cut off price

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Listing Price

Listing date is 12/08/2025.

Expert Opinions

The Highway Infrastructure IPO is receiving a cautiously optimistic market sentiment as investors recognize its stable presence in the infrastructure sector, particularly in tollway collection, EPC projects, and real estate. The company’s strengths include a diversified business model with significant contributions from toll collection (77% of revenue) and EPC infra segments, backed by a robust order book of ₹666 crore as of May 2025. Financially, Highway Infrastructure reported an ROE of 19.03%, ROCE of 16.56%, and an EBITDA margin of 6.32% for FY 2025, reflecting moderate profitability and capital efficiency.

Key risks involve regional concentration of toll assets, revenue uncertainties due to short-term toll contracts, competition in bidding for new assets, and capital-intensive expansion challenges. From a long-term investment perspective, the IPO offers exposure to India’s growing infrastructure and road connectivity segment, appealing to investors with patience for steady returns amid sector-specific risks and evolving regulatory landscapes. The Highway Infrastructure IPO is suitable for investors aiming for stable growth in infrastructure-linked businesses with moderate risk tolerance.

Investor Considerations

The Highway Infrastructure IPO presents a company with stable financial performance and solid fundamentals in FY 2025, reporting a Price to Book Value of 3.44, a PAT margin of 4.44%, and a debt-to-equity ratio of 0.61, indicating a moderately leveraged capital structure. Operating in the infrastructure sector, specifically in highway construction and toll road operations, the company benefits from growing government and private investments in road connectivity and infrastructure development, supporting a positive sector outlook.

Growth prospects center on expanding toll asset portfolios, new EPC projects, and strategic investments in infrastructure. Key risks include regional concentration of toll assets, revenue variability from short-term contracts, competitive bidding, and capital-intensive expansion challenges. The IPO suits long-term investors seeking stable capital appreciation in India’s infrastructure sector, while short-term investors should account for market volatility and sector-specific uncertainties. The Highway Infrastructure IPO provides exposure to a critical economic infrastructure segment with steady operational metrics and growth potential.