Highway Infrastructure IPO vs Solarworld Energy Solutions IPO

Comparison between Highway Infrastructure IPO and Solarworld Energy Solutions IPO.

IPO Details

Highway Infrastructure IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Solarworld Energy Solutions 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 Solarworld Energy Solutions IPO is up to ₹490.00 Cr. The final issue price of Highway Infrastructure IPO is ₹70.00 per share and of Solarworld Energy Solutions IPO is ₹351.00 per share.

 Highway Infrastructure IPOSolarworld Energy Solutions IPO
Face Value₹5 per share₹5 per share
Issue Price (Lower)₹65.00 per share₹333.00 per share
Issue Price (Upper)₹70.00 per share₹351.00 per share
Issue Price (Final)₹70.00 per share₹351.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size211 shares42 shares
Fresh Issue Size1,39,31,428 shares1,25,35,612 shares
Fresh Issue Size (Amount)up to ₹97.52 Crup to ₹440.00 Cr
OFS Issue Size46,40,000 shares14,24,501 shares
OFS Issue Size (Amount)up to ₹32.48 Crup to ₹50.00 Cr
Issue Size Total1,85,71,428 shares1,39,60,113 shares
Issue Size Total (Amount)up to ₹130.00 Crup to ₹490.00 Cr

IPO Timetable

Highway Infrastructure IPO opens on Aug 05, 2025, while Solarworld Energy Solutions IPO opens on Sep 23, 2025. The closing date of Highway Infrastructure IPO and Solarworld Energy Solutions IPO is Aug 07, 2025, and Sep 25, 2025, respectively.

 Highway Infrastructure IPOSolarworld Energy Solutions IPO
Anchor Bid DateAug 04, 2025Sep 22, 2025
Issue OpenAug 05, 2025Sep 23, 2025
Issue CloseAug 07, 2025Sep 25, 2025
Basis Of Allotment (Tentative)Aug 08, 2025Sep 26, 2025
Initiation of Refunds (Tentative)Aug 11, 2025Sep 29, 2025
Credit of Share (Tentative)Aug 11, 2025Sep 29, 2025
Listing date (Tentative)Aug 12, 2025Sep 30, 2025
Anchor Lockin End date 1Sep 07, 2025Oct 25, 2025
Anchor Lockin End date 2Nov 06, 2025Dec 24, 2025

Financials & KPIs

Highway Infrastructure IPO P/E ratio is 18.06, as compared to Solarworld Energy Solutions IPO P/E ratio of 33.77.

 Highway Infrastructure IPOSolarworld Energy Solutions 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 Consolidated)

Solarworld Energy Solutions Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets598.02155.02120.43
Total Income551.09505.50235.05
Profit After Tax77.0551.6914.84
EBITDA106.7571.0922.88
NET Worth309.0773.6021.91
Reserves and Surplus272.0073.2821.59
Total Borrowing114.5561.1064.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)94.9578.7
Promoter Shareholding (Post-Issue)70.0465.67
P/E Ratio18.0633.77
Market Cap₹502.04 Cr.₹3042.21 Cr.
ROE19.03%40.27%
ROCE16.56%54.53%
Debt/Equity0.610.37
EPS₹3.88₹10.39
RoNW19.03%40.27%

Shares Offered

In the Highway Infrastructure IPO Retail Individual Investors (RII) are offered 74,28,572 shares while in Solarworld Energy Solutions IPO retail investors are offered 74,28,572 shares. Qualified Institutional Buyers (QIB) are offered 22,28,571 shares in Highway Infrastructure IPO and 41,88,035 shares in Solarworld Energy Solutions IPO.

 Highway Infrastructure IPOSolarworld Energy Solutions IPO
Anchor Investor Reservation33,42,856 shares62,82,051 shares
Market Maker Reservation0 shares0 shares
QIB22,28,571 shares41,88,035 shares
NII55,71,429 shares20,94,016 shares
RII74,28,572 shares13,96,011 shares
Employee0 shares0 shares
Others
Total1,85,71,428 shares1,39,60,113 shares

Bids Received (Subscription)

Highway Infrastructure IPO subscribed 316.64x in total, whereas Solarworld Energy Solutions IPO subscribed 68.49x.

 Highway Infrastructure IPOSolarworld Energy Solutions IPO
QIB (times)432.71x74.24x
NII (times)473.10x68.21x
Big NII (times)483.92x66.45x
Small NII (times)451.47x71.72x
RII (times)164.48x51.69x
Employee (times)
Other (times)
Total (times)316.64x68.49x

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