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Allotment

Highway Infrastructure Limited

The Highway Infrastructure Ltd. IPO is a book-built issue aggregating to ₹130.00 crore, comprising a fresh issue of 1.39 crore shares amounting to ₹97.52 crore and an offer for sale of 0.46 crore shares aggregating to ₹32.48 crore.

The IPO was open for subscription from August 5, 2025, to August 7, 2025. The basis of allotment was finalized on August 8, 2025, and the shares were listed on BSE and NSE on August 12, 2025.

The price band for the IPO was fixed at ₹70 per share, with a lot size of 211 shares. The minimum investment required for retail investors was ₹13,715 (211 shares). For small non-institutional investors (sNII), the minimum application size was 14 lots (2,954 shares) amounting to ₹2,06,780, while for big non-institutional investors (bNII), it was 68 lots (14,348 shares) amounting to ₹10,04,360.

Pantomath Capital Advisors Pvt. Ltd. acted as the book-running lead manager, and Bigshare Services Pvt. Ltd. served as the registrar to the issue.

Highway Infrastructure Limited IPO & Charts
₹70

0%

Open

₹70

HIgh - Low

₹70

Previous Close

₹70

Total Traded Value

0

52 Weeks High

₹70

52 Weeks Low

₹70

Updates On

Jul 30, 2025

IPO. Open

Aug 5, 2026

IPO. Close

Aug 7, 2026

IPO. Price

₹70.00

IPO Market price

₹502.04 Cr

IPO Details

IPO Date 12 Aug
IPO Listing Date 12 Aug
IPO Face Value ₹5 per share
IPO Price Range ₹70.00
IPO Issue Size 1,85,71,428 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing BSE, NSE Platform
hare Holding Pre Issue 5,77,89,204

IPO Timeline

IPO Open Date 5 Aug
IPO Close Date 7 Aug
IPO Allotment (Tentative) 8 Aug
Refunds 11 Aug
Credit to Demat Account 11 Aug
IPO Listing Date 12 Aug

IPO Reservation

Category Offer
QIB Shares Offered 55,71,427 Shares
NII (HNI) Shares Offered 55,71,429 Shares
Retail Shares Offered 74,28,572 Shares

IPO Lot Size

Investors may bid for a minimum of 211 shares, and thereafter in multiples of 211 shares.

Application Lots Share 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
About Company

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

1. Tollway Collection Business

HIL operates and manages toll collection systems for highway projects awarded through competitive bidding.

The company is among the few toll operators in India using ANPR (Automatic Number Plate Recognition) technology for toll collection on the Delhi-Meerut Expressway.

Toll operations span 11 states and 1 Union Territory.

The company employs an updated Electronic Toll Collection (ETC) system using RFID tags and digital payment platforms for seamless toll payments.

As of August 31, 2024, HIL has completed 24 tollway collection projects and is currently operating 7 tollway projects.

2. EPC Infra Projects

HIL manages projects in-house, from conceptualization to completion.

The company has executed diverse infrastructure projects, including roads, bridges, tanks, irrigation works, and civil buildings.

As of August 31, 2024, HIL has completed 63 EPC Infra projects, with 20 projects currently under execution in Indore, Ratlam, and Khandwa in Madhya Pradesh.

3. Real Estate

This segment involves owning, developing, constructing, and selling commercial and residential properties.

HIL has developed gated communities and housing projects over time.

Real estate is the smallest business segment of the company.

Workforce

As of August 31, 2024, HIL employs 398 individuals across its business segments.

Highway Infrastructure Ltd.’s revenue declined by 13%, while profit after tax (PAT) increased by 5% from the financial year ended March 31, 2024 to March 31, 2025.

Company Financials (Consolidated)

Assets 231.56 202.63 156.59
Total Income 504.48 576.58 456.83
Profit After Tax 22.4 21.41 13.8
EBITDA 31.32 38.44 27.69
NET Worth 117.72 100.19 74.81
Reserves and Surplus 83.9 83.49 64.44
Total Borrowing 71.82 69.62 63.36

Key Performance Indicator (KPI)

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
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 65
3 To meet out the General Corporate Purposes; 32.52
4 Offer for Sale (OFS) -

Contact Details

Highway Infrastructure Ltd. Address
57-FA, Scheme No. 94,
Pipliyahana Junction,
Ring Road,
Indore, Madhya Pradesh, 452016
+91 731 4047177
cs@highwayinfrastructure.in
https://www.highwayinfrastructure.in/

Detail Registrar

IPO Registrar

Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html

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