Bookbuilding IPO | ₹130 Cr | Listed at BSE, NSE | Tue, Aug 5, 2025 - Thu, Aug 7, 2025
Highway Infrastructure IPO is a book build issue of ₹130.00 crores. The issue is a combination of fresh issue of 1.39 crore shares aggregating to ₹97.52 crores and offer for sale of 0.46 crore shares aggregating to ₹32.48 crores.
Highway Infrastructure IPO bidding started from Aug 5, 2025 and ended on Aug 7, 2025. The allotment for Highway Infrastructure IPO was finalized on Aug 8, 2025. The shares got listed on BSE, NSE on Aug 12, 2025.
Highway Infrastructure IPO price band is set at ₹70 per share. The lot size for an application is 211. The minimum amount of investment required by an retail is ₹14,770 (211 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,954 shares), amounting to ₹2,06,780, and for bNII, it is 68 lots (14,348 shares), amounting to ₹10,04,360.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Highway Infrastructure IPO RHP for detailed Information.
IPO Open
Tue, Aug 5, 2025
IPO Close
Thu, Aug 7, 2025
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹502.04 Cr
| IPO Date | 5 to 7 Aug, 2025 |
| Listed on | Tue, Aug 12, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹65 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 211 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,85,71,428 shares (agg. up to ₹130 Cr) |
| Fresh Issue | 1,39,31,428 shares (agg. up to ₹98 Cr) |
| Offer for Sale | 46,40,000 shares of ₹5 (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 5,77,89,204 shares |
| Share Holding Post Issue | 7,17,20,632 shares |
| BSE Script Code / NSE Symbol | 544477 / HILINFRA |
| ISIN | INE00RL01028 |
Highway Infrastructure IPO offers total 1,85,71,428 shares. Out of which 55,71,427 (30.00%) allocated to QIB, 22,28,571 (12.00%) allocated to QIB (Ex- Anchor), 55,71,429 (30.00%) allocated to NII 74,28,572 (40.00%) allocated to RII and 33,42,856 (18.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 55,71,427 (30.00%) | NA |
| − Anchor Investor Shares Offered | 33,42,856 (18.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 22,28,571 (12.00%) | NA |
| NII (HNI) Shares Offered | 55,71,429 (30.00%) | NA |
| − bNII > ₹10L | 37,14,286 (20.00%) | 1,257 |
| − sNII < ₹10L | 18,57,143 (10.00%) | 628 |
| Retail Shares Offered | 74,28,572 (40.00%) | 35,206 |
| Total Shares Offered | 1,85,71,428 (100.00%) |
Investors can bid for a minimum of 211 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 211 | ₹14,770 |
| Retail (Max) | 13 | 2,743 | ₹1,92,010 |
| S-HNI (Min) | 14 | 2,954 | ₹2,06,780 |
| S-HNI (Max) | 67 | 14,137 | ₹9,89,590 |
| B-HNI (Min) | 68 | 14,348 | ₹10,04,360 |
Highway Infrastructure IPO raises ₹23.40 crore from anchor investors. Highway Infrastructure IPO Anchor bid date is August 4, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Aug 4, 2025 |
| Shares Offered | 33,42,856 |
| Anchor Portion (₹ Cr.) | 23.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 7, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 6, 2025 |
Highway Infrastructure Limited (HIL), incorporated in 1995, is an Indian infrastructure development and management company engaged in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The company specializes in the construction and maintenance of roads, highways, bridges, and residential projects.
Business Segments:
Workforce:
As of August 31, 2024, HIL employs 398 individuals across its business segments.
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 231.56 | 202.63 | 156.59 |
| Total Income | 504.48 | 576.58 | 456.83 |
| Profit After Tax | 22.40 | 21.41 | 13.80 |
| EBITDA | 31.32 | 38.44 | 27.69 |
| NET Worth | 117.72 | 100.19 | 74.81 |
| Reserves and Surplus | 83.90 | 83.49 | 64.44 |
| Total Borrowing | 71.82 | 69.62 | 63.36 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirements of the Company. | 65.00 |
| 2 | General Corporate Purposes. | 32.52 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 19.03% |
| ROCE | 16.56% |
| Debt/Equity | 0.61 |
| RoNW | 19.03% |
| PAT Margin | 4.44% |
| EBITDA Margin | 6.32% |
| Price to Book Value | 3.44 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.88 | 3.12 |
| P/E (x) | 18.06 | 22.41 |
| Promoter Holding | 94.95% | 70.04% |
| Market Cap | ₹502.04 Cr. |
The Highway Infrastructure IPO is subscribed 316.64 times on August 7, 2025 5:04:34 PM (Day 3). The public issue subscribed 164.48 times in the retail category, 432.71 times in the QIB category, and 473.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 432.71 | 22,28,571 | 96,43,33,511 |
| NII | 473.10 | 55,71,429 | 2,63,58,61,163 |
| bNII (> ₹10L) | 483.92 | 37,14,286 | 1,79,74,21,646 |
| sNII (< ₹10L) | 451.47 | 18,57,143 | 83,84,39,517 |
| Retail | 164.48 | 74,28,572 | 1,22,18,22,297 |
| Total | 316.64 | 1,52,28,572 | 4,82,20,16,971 |
Total Applications: 46,36,029
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fixed fees payable to Book Running Lead Manager | 2.00 |
| 2 | Underwriting /Selling Commission to the BRLM | 6.50 |
| 3 | Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Offer(s), Brokerage and Syndicate Fees, bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.33 |
| 4 | Fees payable to the Registrar to the Offer | 0.80 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and SE processing fees, book building software fees and other regulatory expenses | 3.43 |
| 6 | Printing and distribution of stationery | 0.21 |
| 7 | Advertising and marketing expenses | 0.50 |
| 8 | Fees payable to legal counsel | 0.60 |
| 9 | Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, industry service provider and Chartered Engineer | 0.27 |
| 10 | Miscellaneous expenses | 0.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹70.00 | ₹70.00 |
| Open | ₹117.00 | ₹115.00 |
| Low | ₹116.00 | ₹115.00 |
| High | ₹122.84 | ₹120.75 |
| Last Trade | ₹122.84 | ₹120.75 |
Lead Manager Reports
Highway Infrastructure IPO is a main-board IPO of 1,85,71,428 equity shares of the face value of ₹5 aggregating up to ₹130 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 211.
The IPO opens on Tue, Aug 5, 2025, and closes on Thu, Aug 7, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Highway Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in Highway Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Highway Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Highway Infrastructure IPO opens on Tue, Aug 5, 2025 and closes on Thu, Aug 7, 2025.
Highway Infrastructure IPO lot size is 211, and the minimum amount required for application is ₹14,770.
You can apply in Highway Infrastructure IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Highway Infrastructure IPO will be done on Friday, August 8, 2025, and the allotted shares will be credited to your demat account by Mon, Aug 11, 2025. Check the Highway Infrastructure IPO allotment status.
The Highway Infrastructure IPO listing date is on Tue, Aug 12, 2025.
