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Highway Infrastructure IPO

  • Status: Closed
  • RHP:
  • ₹ 13,715 / 211 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    12 Aug 2025

  • Listing Price

    ₹117.00

  • Listing Change

    67.14%

  • Last Traded Price

    ₹62.50

Highway Infrastructure IPO Details

  • Open Date

    05 Aug 2025

  • Close Date

    07 Aug 2025

  • Listing Date

    12 Aug 2025

  • IPO Price Range

    ₹ 65 to ₹70

  • IPO Size

    ₹ 130 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

Highway Infrastructure IPO Timeline

Highway Infrastructure IPO Subscription Status

Last Updated: 07 August 2025 5:25 PM by 5paisa

Highway Infrastructure Industries Ltd is launching a ₹130 crore IPO. It operates in toll collection, EPC projects, and real estate. The company manages tollways across 11 states using ANPR and ETC tech, and has completed 24 toll projects. It has delivered 63 infrastructure projects, with 20 ongoing. Its real estate arm focuses on residential developments but remains the smallest segment in its diversified business portfolio.

Established in: 1995
Managing Director: Mr. Arun Kumar Jain

 

Peers

1. UdayshivakumarInfra Limited
2. IRB Infrastructure Developers Limited
3. H.G. Infra Engineering Limited
 

Highway Infrastructure Objectives

1. The company intends to utilise a portion of the IPO proceeds to fund its working capital requirements.
2. A portion of the proceeds will also be allocated for general corporate purposes.
 

Highway Infra IPO Size

Types Size
Total IPO Size ₹130.00 Cr.
Offer For Sale ₹97.52 Cr.
Fresh Issue ₹32.48 Cr.

Highway Infra IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 211 13,715
Retail (Max) 13 2,743 178,295
S-HNI (Min) 14 2,954 192,010
S-HNI (MAX) 67 14,137 918,905
B-HNI (Min) 68 14,348 932,620

Highway Infra IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 432.71 22,28,571 96,43,33,511 6,750.33
NII (HNI) 472.77 55,71,429 2,63,40,29,050 18,438.20
bNII (bids above ₹10L) 483.92 37,14,286 1,79,74,21,646 12,581.95
sNII (bids below ₹10L) 450.48 18,57,143 83,66,07,404 5,856.25
Retail 163.33 74,28,572 1,21,33,24,061 8,493.27
Total** 315.96 1,52,28,572 4,81,16,86,622 33,681.81

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 456.83 576.58 504.48
EBITDA 27.69 38.44 31.32
PAT 13.80 21.41 22.40
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 156.59 202.63 231.56
Share Capital 9.63 9.63 28.90
Total Borrowings 63.36 69.62 71.82
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 4.15 14.22 -4.95
Net Cash Generated From / (used in) investing activities -3.62 -6.03 12.01
Net Cash Generated From / (used in) financing activities -1.02 -2.88 -5.38
Net Increase (Decrease) In Cash And Cash Equivalents -0.50 5.32 1.68


Strengths

1. Nearly 30 years of experience in tolling and infrastructure execution.
2. Uses advanced ANPR and RFID-based electronic toll collection systems.
3. Operations span across 11 states, offering wide geographic diversification.
4. Strong order book of ₹666.31 crore ensures revenue visibility.

Weaknesses

1. Key project awarded by UPPWD, not central-level agencies like NHAI.
2. Revenue depends on actual traffic and user compliance.
3. Susceptible to toll protests, exemptions, or policy-driven traffic disruptions.
4. OFS component indicates promoter exit, not direct growth capital infusion.
 

Opportunities

1. Government push for road and highway expansion supports future project pipeline.
2. Increasing digitalisation favours ANPR and ETC-based toll operations.
3. Rising demand for public-private partnerships in infrastructure development.
4. Expansion potential in untapped states and urban infra projects.
 

Threats

1. Bureaucratic delays from state-level project implementation may impact timelines.
2. Regulatory changes can affect toll collection and pricing models.
3. Alternate routes may reduce toll revenues on key corridors.
4. Infrastructure sector cyclicality may impact new project awards.
 

1. Highway Infrastructure Industries Ltd has nearly 30 years of experience in tolling, EPC, and real estate.
2. A strong ₹666.31 crore order book and ANPR/RFID tech ensure steady revenue visibility.
3. Government-backed infrastructure programmes like Bharatmala and PM-Gati Shakti support long-term growth.
4. The ₹65–₹70 price band offers retail investors a low-cost entry into India’s highway expansion story.
 

1. India’s national highway network grew from ~91,287 km in 2014 to ~146,195 km by early 2024 .
2. Roads and highways market projected to grow at a CAGR of ~9.6% to 2030.
3. Government initiatives like Bharatmala, PM‑Gati Shakti, and NIP drive mega‑scale highway expansion.
4. Public‑private partnerships and InvIT monetization attract private and foreign infrastructure investment.
 

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FAQs

Highway Infrastructure IPO opens from August 5, 2025 to August 7, 2025.

The size of Highway Infrastructure IPO is ₹130.00 Cr

The price band of Highway Infrastructure IPO is ₹65 to ₹70 per share.

To apply for Highway Infrastructure IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section.    
  • Enter the number of lots and the price at which you wish to apply for the Highway Infrastructure IPO. 
  • Enter your UPI ID and click on submit. You will receive a mandate notification to block funds in your UPI app.
  • On approving the mandate, your bid will be placed with the exchange.    
     

The minimum lot size of Highway Infrastructure IPO is 1 lot of 211 shares and the investment required is ₹13,715.

The share allotment date of Highway Infrastructure IPO is August 8, 2025

The Highway Infrastructure IPO will likely be listed on August 12, 2025.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager for Highway Infrastructure IPO.
 

  • The company intends to utilise a portion of the IPO proceeds to fund its working capital requirements.
  • A portion of the proceeds will also be allocated for general corporate purposes.