Allotment

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.
₹700%
Open
HIgh - Low
Previous Close
Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
IPO. Close
IPO. Price
IPO Market price
| 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 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 |
| Category | Offer |
|---|---|
| QIB Shares Offered | 55,71,427 Shares |
| NII (HNI) Shares Offered | 55,71,429 Shares |
| Retail Shares Offered | 74,28,572 Shares |
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 |
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.
| 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 |
| 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 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) | - |
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/
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html