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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 ₹70.00 per share . The lot size for an application is 211. The minimum amount of investment required by an retail is ₹13,715 (211 shares). 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 Date | August 5, 2025 to August 7, 2025 |
| Listing Date | August 12, 2025 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹65 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 211 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,85,71,428 shares (aggregating up to ₹130.00 Cr) |
| Fresh Issue | 1,39,31,428 shares (aggregating up to ₹97.52 Cr) |
| Offer for Sale | 46,40,000 shares of ₹5 (aggregating up to ₹32.48 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,77,89,204 shares |
| Share Holding Post Issue | 7,17,20,632 shares |
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 | Maximum 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%) |
Highway Infrastructure IPO raises ₹23.40 crore from anchor investors. Highway Infrastructure IPO Anchor bid date is August 4, 2025. Highway Infrastructure IPO Anchor Investors list
| Bid Date | August 4, 2025 |
| Shares Offered | 33,42,856 |
| Anchor Portion Size (In Cr.) | 23.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 7, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 6, 2025 |
Highway Infrastructure IPO opens on August 5, 2025, and closes on August 7, 2025.
| IPO Open Date | Tue, Aug 5, 2025 |
| IPO Close Date | Thu, Aug 7, 2025 |
| Tentative Allotment | Fri, Aug 8, 2025 |
| Initiation of Refunds | Mon, Aug 11, 2025 |
| Credit of Shares to Demat | Mon, Aug 11, 2025 |
| Tentative Listing Date | Tue, Aug 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 7, 2025 |
Investors can bid for a minimum of 211 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Highway Infrastructure IPO is ₹502.04 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 3.88 | 3.12 |
| P/E (x) | 18.06 | 22.41 |
The Company Highway Infrastructure IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Working Capital Requirements of the Company. | 65.00 |
| 2 | General Corporate Purposes. | 32.52 |
[Dilip Davda] HIL is engaged in infrastructure development and management business with related services. Toll collection is a priority segment followed by EPC and Real Estate segments. The company marked growth in its bottom lines for the reported periods, but marked a setback in top line for FY25. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | August 12, 2025 |
| BSE Script Code | 544477 |
| NSE Symbol | HILINFRA |
| ISIN | INE00RL01028 |
| Final Issue Price | ₹70 per share |
| NSE Listing Group | BE |
| BSE Listing Group | T |
Highway Infrastructure Ltd.
57-FA, Scheme No. 94,
Pipliyahana Junction,
Ring Road,
Indore, Madhya Pradesh, 452016
Phone: +91 731 4047177
Email: cs@highwayinfrastructure.in
Website: http://www.highwayinfrastructure.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Highway Infrastructure IPO is a main-board IPO of 1,85,71,428 equity shares of the face value of ₹5 aggregating up to ₹130.00 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 211.
The IPO opens on August 5, 2025, and closes on August 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 August 5, 2025 and closes on August 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 Monday, August 11, 2025. Check the Highway Infrastructure IPO allotment status.
The Highway Infrastructure IPO listing date is on Tuesday, August 12, 2025.
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