Comparison between Highway Infrastructure IPO and Vikram Solar IPO.
Highway Infrastructure IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vikram Solar 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 Vikram Solar IPO is up to ₹2,079.37 Cr. The final issue price of Highway Infrastructure IPO is ₹70.00 per share and of Vikram Solar IPO is ₹332.00 per share.
| Highway Infrastructure IPO | Vikram Solar IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | ₹315.00 per share |
| Issue Price (Upper) | ₹70.00 per share | ₹332.00 per share |
| Issue Price (Final) | ₹70.00 per share | ₹332.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 211 shares | 45 shares |
| Fresh Issue Size | 1,39,31,428 shares | 4,51,80,722 shares |
| Fresh Issue Size (Amount) | up to ₹97.52 Cr | up to ₹1,500.00 Cr |
| OFS Issue Size | 46,40,000 shares | 1,74,50,882 shares |
| OFS Issue Size (Amount) | up to ₹32.48 Cr | up to ₹579.37 Cr |
| Issue Size Total | 1,85,71,428 shares | 6,26,31,604 shares |
| Issue Size Total (Amount) | up to ₹130.00 Cr | up to ₹2,079.37 Cr |
Highway Infrastructure IPO opens on Aug 05, 2025, while Vikram Solar IPO opens on Aug 19, 2025. The closing date of Highway Infrastructure IPO and Vikram Solar IPO is Aug 07, 2025, and Aug 21, 2025, respectively.
| Highway Infrastructure IPO | Vikram Solar IPO | |
|---|---|---|
| Anchor Bid Date | Aug 04, 2025 | Aug 18, 2025 |
| Issue Open | Aug 05, 2025 | Aug 19, 2025 |
| Issue Close | Aug 07, 2025 | Aug 21, 2025 |
| Basis Of Allotment (Tentative) | Aug 08, 2025 | Aug 22, 2025 |
| Initiation of Refunds (Tentative) | Aug 11, 2025 | Aug 25, 2025 |
| Credit of Share (Tentative) | Aug 11, 2025 | Aug 25, 2025 |
| Listing date (Tentative) | Aug 12, 2025 | Aug 26, 2025 |
| Anchor Lockin End date 1 | Sep 07, 2025 | Sep 20, 2025 |
| Anchor Lockin End date 2 | Nov 06, 2025 | Nov 19, 2025 |
Highway Infrastructure IPO P/E ratio is 18.06, as compared to Vikram Solar IPO P/E ratio of 75.16.
| Highway Infrastructure IPO | Vikram Solar 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)Vikram Solar Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 75% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 94.95 | 77.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.04 | 63.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.06 | 75.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹502.04 Cr. | ₹12009.01 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.03% | 16.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.56% | 24.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.61 | 0.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.88 | ₹4.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.03% | 11.26% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Highway Infrastructure IPO Retail Individual Investors (RII) are offered 74,28,572 shares while in Vikram Solar IPO retail investors are offered 74,28,572 shares. Qualified Institutional Buyers (QIB) are offered 22,28,571 shares in Highway Infrastructure IPO and 1,24,66,080 shares in Vikram Solar IPO.
| Highway Infrastructure IPO | Vikram Solar IPO | |
|---|---|---|
| Anchor Investor Reservation | 33,42,856 shares | 1,86,99,120 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 22,28,571 shares | 1,24,66,080 shares |
| NII | 55,71,429 shares | 93,49,560 shares |
| RII | 74,28,572 shares | 2,18,15,640 shares |
| Employee | 0 shares | 3,01,204 shares |
| Others | ||
| Total | 1,85,71,428 shares | 6,26,31,604 shares |
Highway Infrastructure IPO subscribed 316.64x in total, whereas Vikram Solar IPO subscribed 56.42x.
| Highway Infrastructure IPO | Vikram Solar IPO | |
|---|---|---|
| QIB (times) | 432.71x | 145.10x |
| NII (times) | 473.10x | 52.87x |
| Big NII (times) | 483.92x | 59.58x |
| Small NII (times) | 451.47x | 39.46x |
| RII (times) | 164.48x | 7.98x |
| Employee (times) | 5.10x | |
| Other (times) | ||
| Total (times) | 316.64x | 56.42x |
