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IPO Analysis > highway-infrastructure-ipo-mainboard

Highway Infrastructure IPO Logo Highway Infrastructure IPO: Get All The Latest Details

The company, Highway Infrastructure, has played a significant role in India’s development through active participation in key road projects. Out of 58,919 ongoing projects under various contract models, the company has contributed to models like HAM and BOT. With HAM leading at 24,415 projects (41.44%) and BOT at 23,144 projects (39.28%), Highway Infrastructure is now stepping into the public market with its IPO.


The Highway Infrastructure IPO manager is Pantomath Capital Advisors and the registrar is Bigshare Services. Click here to know your Highway Infrastructure IPO allotment status.

See the Highway Infrastructure IPO RHP for more details. 

Note: Half of Highway Infrastructure IPO’s shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Highway Infrastructure IPO Details: Company Profile

Highway Infrastructure has carved out a name in the infrastructure world through consistent work and steady growth. Let’s take a quick look at who they are, what they do, and how they got here.


Particulars

Details

Incorporated

1995

Registered Office 

Indore, Madhya Pradesh 

Promoter 

Arun Kumar Jain

Products

Tollway collection,

EPC, Infra and real estate business

Number Of Employees

364

Competitors 

H.G. Infra Engineering, Udayshivakumar Infra, and IRB Infrastructure Developers 


Exploring the Highway Infrastructure IPO Details

This section will give you a complete snapshot of what the Highway Infrastructure IPO offers.

  • Highway Infrastructure IPO Date

Keep track of the important dates. Here you'll find the opening and closing dates for the IPO, allotment day, and the expected listing date.


Event

Date

IPO opens for subscription

05 August 2025

Last day to apply for the IPO

07 August 2025

UPI mandate approval deadline

07 August 2025 (5 PM)

Finalisation of share allotment

08 August 2025

Refunds start for unallotted applicants

11 August 2025

Shares get credited to investors' demat accounts

11 August 2025

Company lists on the stock exchange

12 August 2025

UPI mandate expiry date

22 August 2025

50% anchor investor lock-in period ends

07 September 2025

Remaining anchor investor lock-in ends

06 November 2025


  • Highway Infrastructure IPO size

Here’s a clear view of the total size of the IPO. 


Particulars

Equity Shares

Aggregate Value

Fresh Issue 

Not Disclosed

₹97.52 crores

Offer for Sale

4,640,000

₹32.48 crores

Overall Issue 

Not Disclosed

₹130 crores


  • Objectives of the offer

Let’s see how Highway Infrastructure plans to use the IPO proceeds, from expansions to repayments and more.


Particulars

Estimated Amount (₹ in Millions)

To meet the company’s working capital needs

Up to 650.00

General corporate expenses

Not Disclosed 

Total 

Not Disclosed


  • Other takeaways from the Highway Infrastructure IPO Price

See what the IPO is priced at. This will help you figure out if it’s priced fairly or on the higher side.

Particulars

Description

Face value of each share

₹5

Price Range

₹65 – ₹70

Listed At 

NSE BSE


  • Categorisation of different investors 

Know how the IPO is divided between investor groups. 


Category

Subscription (times)

Shares Offered

Shares Bid For

QIB

5.06

22,28,571

1,12,79,216

NII

35.39

55,71,429

19,71,87,518

— bNII (bids above ₹10L)

64.37

18,57,143

11,95,37,830

— sNII (bids below ₹10L)

20.91

37,14,286

7,76,49,688

Retail

30.38

74,28,572

22,56,71,463

Total

28.51

1,52,28,572

43,41,38,197


Apply easily for the IPO once your demat account is ready with the right broker

Highway Infrastructure IPO details: Key Financials 

Check key financial ratios and indicators to better understand the company’s overall performance.


Particulars

Fiscal 2025

Fiscal 2024

Fiscal 2023

Share Capital 

288.95

96.32

96.32

Net Worth 

1,177.22

1,001.85

748.11

Revenue from Operations 

4,957.15

5,734.54

4,551.33

Profit after Tax

223.98

214.14

138.00

Earnings per Share - Basic 

3.40

3.28

2.03

Earnings per Share - Diluted 

3.40

3.28

2.03

Net Asset Value per Equity Share 

20.37

17.34

12.95

Total Borrowing 

718.15

696.22

633.60


Metrics of Highway Infrastructure IPO 


Particulars

Fiscal 2025

Fiscal 2024

Fiscal 2023

PAT Margin (%) 

4.44

3.71

3.02

Debt-Equity Ratio (times) 

0.61

0.69

0.85

ROCE (%) 

16.56

24.45

19.47

ROE (%)

19.03

21.37

18.45

Revenue CAGR (%)

4.36

EBITDA CAGR (%)

6.36


Strengths and risks

Here’s what makes Highway Infrastructure strong and what investors should watch out for.

Strengths 

  • Financial numbers show solid growth in both revenue and profits.

  • Backed by promoters who understand the industry well and have strong connections.

  • One of the early adopters of ANPR tech for toll collection on key expressways.

  • Nearly three decades of experience in toll management and EPC projects.

Risks

  • Depends heavily on tenders, which can be uncertain and competitive.

  • Needs a lot of working capital, which might affect daily cash flow.

  • Faces risks from sudden changes in government policies or regulations.

  • EPC segment brings in a smaller chunk of the revenue, limiting diversification.

IPO Closing Soon: Is Highway Infrastructure IPO Worth the Rush?

The Highway Infrastructure IPO GMP stands at ₹41 on August 5, 2025. This shows that the IPO will be listed at a premium. Click here to check the Highway Infrastructure IPO GMP price and other GMP updates

Apply today for a Highway Infrastructure IPO IPO. Also, get access to the live subscription details here. 

FAQs

1. What is the Highway Infrastructure IPO allotment process?
The Highway Infrastructure IPO allotment is finalised after the issue closes. Investors can check if they received shares by visiting the registrar's website. You’ll need your PAN, application number, or demat ID. Allotment is usually done based on demand and investor category, especially if the IPO is oversubscribed.

2. How can I track the Highway Infrastructure IPO subscription?
The Highway Infrastructure IPO live subscription status is updated daily during the offer period. You can check it on the NSE or BSE websites. It shows how many times the IPO is subscribed in each investor category, like retail, HNI, and QIB. 

3. Where can I read a Highway Infrastructure Ltd IPO review?
You can find a detailed Highway Infrastructure Ltd IPO review on stock market websites, broker portals, and financial blogs. Reviews usually talk about the latest GMP update, company's background, business strengths, risks, and financials.

4. What does the Highway Infrastructure IPO price indicate?
The Highway Infrastructure IPO price is ₹65 to ₹70 and it tells you how much each share costs during the public offer. Check the live status of the IPO here. 

5. How do I get a demat account for bidding for the Highway Infrastructure IPO?
To apply for the Highway Infrastructure IPO, you need an active demat account. Check the list of top brokers in India.
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