Highway Infrastructure IPO vs Scoda Tubes IPO

Comparison between Highway Infrastructure IPO and Scoda Tubes IPO.

IPO Details

Highway Infrastructure IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Scoda Tubes IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Highway Infrastructure IPO is up to ₹130.00 Cr whereas the issue size of the Scoda Tubes IPO is up to ₹220.00 Cr. The final issue price of Highway Infrastructure IPO is ₹70.00 per share and of Scoda Tubes IPO is ₹140.00 per share.

 Highway Infrastructure IPOScoda Tubes IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹65.00 per share₹130.00 per share
Issue Price (Upper)₹70.00 per share₹140.00 per share
Issue Price (Final)₹70.00 per share₹140.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size211 shares100 shares
Fresh Issue Size1,39,31,428 shares1,57,14,200 shares
Fresh Issue Size (Amount)up to ₹97.52 Crup to ₹220.00 Cr
OFS Issue Size46,40,000 shares0 shares
OFS Issue Size (Amount)up to ₹32.48 Crup to ₹0.00 Cr
Issue Size Total1,85,71,428 shares1,57,14,200 shares
Issue Size Total (Amount)up to ₹130.00 Crup to ₹220.00 Cr

IPO Timetable

Highway Infrastructure IPO opens on Aug 05, 2025, while Scoda Tubes IPO opens on May 28, 2025. The closing date of Highway Infrastructure IPO and Scoda Tubes IPO is Aug 07, 2025, and May 30, 2025, respectively.

 Highway Infrastructure IPOScoda Tubes IPO
Anchor Bid DateAug 04, 2025May 27, 2025
Issue OpenAug 05, 2025May 28, 2025
Issue CloseAug 07, 2025May 30, 2025
Basis Of Allotment (Tentative)Aug 08, 2025Jun 02, 2025
Initiation of Refunds (Tentative)Aug 11, 2025Jun 03, 2025
Credit of Share (Tentative)Aug 11, 2025Jun 03, 2025
Listing date (Tentative)Aug 12, 2025Jun 04, 2025
Anchor Lockin End date 1Sep 07, 2025Jul 01, 2025
Anchor Lockin End date 2Nov 06, 2025Aug 30, 2025

Financials & KPIs

Highway Infrastructure IPO P/E ratio is 18.06, as compared to Scoda Tubes IPO P/E ratio of 33.81.

 Highway Infrastructure IPOScoda Tubes IPO
Financials

Company Financials (Restated Consolidated)

Highway Infrastructure Ltd.'s revenue decreased by 13% and profit after tax (PAT) rose by 5% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets231.56202.63156.59
Total Income504.48576.58456.83
Profit After Tax22.4021.4113.80
EBITDA31.3238.4427.69
NET Worth117.72100.1974.81
Reserves and Surplus83.9083.4964.44
Total Borrowing71.8269.6263.36
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets428.49330.42238.26156.06
Total Income363.48402.49307.79195.05
Profit After Tax24.9118.3010.341.64
EBITDA60.6358.7934.789.99
NET Worth143.5563.6145.3134.98
Reserves and Surplus99.3562.3344.0333.69
Total Borrowing202.16202.66139.31109.90
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)94.9590.04
Promoter Shareholding (Post-Issue)70.0466.43
P/E Ratio18.0633.81
Market Cap₹502.04 Cr.₹838.73 Cr.
ROE19.03%28.77%
ROCE16.56%15.92%
Debt/Equity0.61
EPS₹3.88₹4.14
RoNW19.03%28.77%

Shares Offered

In the Highway Infrastructure IPO Retail Individual Investors (RII) are offered 74,28,572 shares while in Scoda Tubes IPO retail investors are offered 74,28,572 shares. Qualified Institutional Buyers (QIB) are offered 22,28,571 shares in Highway Infrastructure IPO and 31,42,800 shares in Scoda Tubes IPO.

 Highway Infrastructure IPOScoda Tubes IPO
Anchor Investor Reservation33,42,856 shares47,14,200 shares
Market Maker Reservation0 shares0 shares
QIB22,28,571 shares31,42,800 shares
NII55,71,429 shares23,57,200 shares
RII74,28,572 shares55,00,000 shares
Employee0 shares0 shares
Others
Total1,85,71,428 shares1,57,14,200 shares

Bids Received (Subscription)

Highway Infrastructure IPO subscribed 316.64x in total, whereas Scoda Tubes IPO subscribed 57.37x.

 Highway Infrastructure IPOScoda Tubes IPO
QIB (times)432.71x72.97x
NII (times)473.10x121.72x
Big NII (times)483.92x135.31x
Small NII (times)451.47x94.54x
RII (times)164.48x20.89x
Employee (times)
Other (times)
Total (times)316.64x57.37x

Compare with others

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Highway Infrastructure IPO Vs Scoda Tubes IPO