Comparison between Highway Infrastructure IPO and VMS TMT IPO.
Highway Infrastructure IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while VMS TMT IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Highway Infrastructure IPO is up to ₹130.00 Cr whereas the issue size of the VMS TMT IPO is up to ₹148.50 Cr. The final issue price of Highway Infrastructure IPO is ₹70.00 per share and of VMS TMT IPO is ₹99.00 per share.
| Highway Infrastructure IPO | VMS TMT IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹70.00 per share | ₹99.00 per share |
| Issue Price (Final) | ₹70.00 per share | ₹99.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 211 shares | 150 shares |
| Fresh Issue Size | 1,39,31,428 shares | 1,50,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹97.52 Cr | up to ₹148.50 Cr |
| OFS Issue Size | 46,40,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹32.48 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,85,71,428 shares | 1,50,00,000 shares |
| Issue Size Total (Amount) | up to ₹130.00 Cr | up to ₹148.50 Cr |
Highway Infrastructure IPO opens on Aug 05, 2025, while VMS TMT IPO opens on Sep 17, 2025. The closing date of Highway Infrastructure IPO and VMS TMT IPO is Aug 07, 2025, and Sep 19, 2025, respectively.
| Highway Infrastructure IPO | VMS TMT IPO | |
|---|---|---|
| Anchor Bid Date | Aug 04, 2025 | Sep 16, 2025 |
| Issue Open | Aug 05, 2025 | Sep 17, 2025 |
| Issue Close | Aug 07, 2025 | Sep 19, 2025 |
| Basis Of Allotment (Tentative) | Aug 08, 2025 | Sep 22, 2025 |
| Initiation of Refunds (Tentative) | Aug 11, 2025 | Sep 23, 2025 |
| Credit of Share (Tentative) | Aug 11, 2025 | Sep 23, 2025 |
| Listing date (Tentative) | Aug 12, 2025 | Sep 24, 2025 |
| Anchor Lockin End date 1 | Sep 07, 2025 | Oct 21, 2025 |
| Anchor Lockin End date 2 | Nov 06, 2025 | Dec 20, 2025 |
Highway Infrastructure IPO P/E ratio is 18.06, as compared to VMS TMT IPO P/E ratio of 22.24.
| Highway Infrastructure IPO | VMS TMT IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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.
| Company Financials (Restated Consolidated)VMS TMT Ltd.'s revenue decreased by 12% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 94.95 | 96.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.04 | 67.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.06 | 22.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹502.04 Cr. | ₹491.35 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.03% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.56% | 12.79% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.61 | 3.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.88 | ₹4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.03% | 20.14% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Highway Infrastructure IPO Retail Individual Investors (RII) are offered 74,28,572 shares while in VMS TMT IPO retail investors are offered 74,28,572 shares. Qualified Institutional Buyers (QIB) are offered 22,28,571 shares in Highway Infrastructure IPO and 18,00,000 shares in VMS TMT IPO.
| Highway Infrastructure IPO | VMS TMT IPO | |
|---|---|---|
| Anchor Investor Reservation | 33,42,856 shares | 27,00,000 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 22,28,571 shares | 18,00,000 shares |
| NII | 55,71,429 shares | 30,00,000 shares |
| RII | 74,28,572 shares | 75,00,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 1,85,71,428 shares | 1,50,00,000 shares |
Highway Infrastructure IPO subscribed 316.64x in total, whereas VMS TMT IPO subscribed 102.24x.
| Highway Infrastructure IPO | VMS TMT IPO | |
|---|---|---|
| QIB (times) | 432.71x | 120.80x |
| NII (times) | 473.10x | 227.08x |
| Big NII (times) | 483.92x | 243.91x |
| Small NII (times) | 451.47x | 193.46x |
| RII (times) | 164.48x | 47.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 316.64x | 102.24x |
