Highway Infrastructure Ltd. IPO
About Highway Infrastructure IPO
Highway Infrastruc
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The basis of allotment is expected to be finalised on August 8, 2025. Tentative listing of the shares is scheduled on August 12, 2025, on both BSE and NSE. The price band for the IPO is fixed between ₹65 and ₹70 per share. Retail investors can apply for a minimum of 211 shares, requiring an investment of ₹13,715.
The minimum lot size for sNII is 14 lots, equivalent to 2,954 shares, amounting to ₹2,06,780. For bNII, the lot size is 68 lots, or 14,348 shares, amounting to ₹10,04,360.
Pantomath Capital Advisors Private Limited is acting as the book-running lead manager for the IPO, while Bigshare Services Private Limited is appointed as the registrar to the issue. Further details are available in the RHP.
Read moreIPO Timeline
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05 Aug 2025Bidding Starts
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07 Aug 2025Bidding Ends
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08 Aug 2025Allotment Finalization
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11 Aug 2025Refund Date
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11 Aug 2025Demat Date
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12 Aug 2025Listing Date
Highway Infrastructure Ltd. IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2023 | 156.59 Cr | 456.83 Cr | 13.80 Cr |
| 31 Mar 2024 | 202.63 Cr | 576.58 Cr | 21.41 Cr |
| 31 Mar 2025 | 231.56 Cr | 504.48 Cr | 22.40 Cr |
About Highway Infrastructure Ltd. IPO
About Highway Infrastructure Limited
Highway
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As of May 31, 2025, the company reported a consolidated order book of ₹6,663.07 million, with ₹595.30 million from tollway collection and ₹6,067.77 million from EPC Infra. The company is among the few operators in India managing toll collection through ANPR (Automatic Number Plate Recognition) technology, particularly on the Delhi-Meerut Expressway.
It has completed 27 tollway projects and is currently operating four toll collection centers across 11 states and one union territory. Advanced toll systems like Electronic Toll Collection (ETC) using FASTag and RFID tags have been implemented to improve efficiency and user experience.
In EPC Infra, Highway Infrastructure Limited has completed 66 projects and is executing 24 projects across Madhya Pradesh. These projects include roads, bridges, tanks, irrigation structures, and civil buildings. The company caters to both public and private sectors and has delivered projects under government schemes such as PMAY, PMGSY, and Jal Jeevan Mission.
The real estate segment remains the smallest, with the company developing residential and commercial properties, including gated communities. Its growing experience, skilled manpower, and equipment base support execution across diverse infrastructure projects, enabling it to take on projects of various sizes and complexities across regions.
Strengths
- Nearly 30 years of toll and EPC (Engineering, Procurement, and Construction) project execution experience.
- ₹6,663.07 million order book as of May 31, 2025 reflects strong future pipeline.
- Toll collection uses ANPR (Automatic Number Plate Recognition) and RFID (Radio Frequency Identification) technology.
- Profit grew from ₹138 million in FY23 to ₹223.98 million in FY25, CAGR 27.40%.
- Business is diversified into toll, infrastructure, real estate, and other auxiliary activities.
Risks
- Heavy reliance on NHAI contracts; toll losses may hurt business significantly.
- Projects concentrated in a few states; risks rise from local disruptions.
- Most NHAI toll contracts are for one year, limiting revenue stability.
- Business is capital-intensive; cash flow shortages may impact operations severely.
- Promoters hold stakes in similar firms, posing conflict of interest risks.
Highway Infrastructure IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to utilise funds to meet the company’s growing working capital needs.
- Remaining funds will be used for general corporate purposes to support overall growth.
Highway Infrastructure IPO Promoter Holding
The promoters of the company include Arun Kumar Jain, Anoop Agrawal, and Riddharth Jain.
Share Holding Pre-Issue
94.95%
Share Holding Post Issue
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Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
FAQs
What is the Highway Infrastructure IPO?
Highway Infrastructure IPO is a main-board IPO of 1,85,71,428 equity shares of the face value of ₹5 aggregating up to ₹130.00 Crores. The issue is priced at ₹65 to ₹70 per share. The minimum order quantity is 211. The IPO opens on August 5, 2025.
What is the lot size of Highway Infrastructure IPO?
Highway Infrastructure IPO lot size is 211, and the minimum amount required for application is ₹14,770.
When is Highway Infrastructure IPO allotment?
The finalization of Basis of Allotment for Highway Infrastructure IPO will be done on Friday, August 8, 2025, and the allotted shares will be credited to your demat account by Monday, August 11, 2025.
When is Highway Infrastructure IPO listing date ?
The Highway Infrastructure IPO listing date is not yet announced. The tentative date of Highway Infrastructure IPO listing is Tuesday, August 12, 2025.
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