Highway Infrastructure Ltd IPO 2025: 7 Key Facts & Expert Analysis on Issue Size, Dates, Financials, and Risks

Published On: 03/08/20253.4 min read

Highway Infrastructure Ltd IPO 2025: Comprehensive Guide on Dates, Financials, and Investment Insights

The much-anticipated Highway Infrastructure Ltd IPO is scheduled to open for subscription from August 5 to August 7, 2025. With a price band of
965 to
970 per share and a lot size of 211 shares, this infrastructure sector offering aims to raise Rs. 130 crore through a combination of a fresh issue and Offer for Sale (OFS). In this article, we present a detailed overview, including the company’s background, IPO objectives, financial performance, key strengths and risks, subscription status, allotment timeline, and tips on how to apply.

Company Overview

Established as a prominent player in the infrastructure development and management industry, Highway Infrastructure Ltd operates primarily in tollway collection, EPC infrastructure projects, and real estate across 11 states and one Union Territory in India. The company has expertise in managing interstate and intrastate expressways, contributing significantly to transportation infrastructure.

IPO Details

  • IPO Type: Mainline
  • Issue Size: Rs. 130 crore (Fresh Issue: Rs. 97.52 crore, OFS: Rs. 32.48 crore)
  • Price Band: Rs. 65 – Rs. 70 per share
  • Lot Size: 211 shares
  • Issue Open Date: August 5, 2025
  • Issue Close Date: August 7, 2025
  • Allotment Date: August 8, 2025
  • Listing Date: August 12, 2025 (on BSE and NSE)
  • Minimum Investment: Approximately Rs. 14,770 per lot
  • Grey Market Premium (GMP): Data currently unavailable

IPO Objectives

Highway Infrastructure Ltd plans to utilize the funds raised through this IPO to strengthen its tollway collection operations and expand its EPC infra-businesses. The proceeds will help improve the companys financial standing, enhance infrastructure capabilities, and support business growth strategies.

Pre-IPO Placements and Major Investors

The IPO includes a fresh issue of 1.39 crore shares worth approximately Rs. 97.52 crore and an Offer for Sale of 46.4 lakh shares valued at Rs. 32.48 crore. Promoter holdings and major pre-IPO investor details are not explicitly disclosed in the retrieved data.

Financial Highlights

  • Fiscal Year Ending March 2024 Revenue: Rs. 576.57 crore (Annualized)
  • Net Profit (PAT) FY24: Rs. 21.41 crore
  • Revenue for Last 3 Years: Rs. 355.03 Cr (FY22), Rs. 455.13 Cr (FY23), Rs. 573.45 Cr (FY24)
  • Profit After Tax (PAT) for Last 3 Years: Rs. 63.37 Cr (FY22), Rs. 74.81 Cr (FY23), Rs. 100.19 Cr (FY24)
  • Return on Equity (ROE): 4.16% (FY22), 5.53% (FY23), 6.29% (FY24)

Peer Comparison

When compared with peers like IRB Infrastructure Developers and Udayshivakumar Infra, Highway Infrastructure shows promising EPS and ROE figures. Pre-IPO EPS stands around Rs. 3.40, whereas the P/E ratio is about 18.06 (pre-IPO), suggesting competitive valuation relative to industry counterparts.

Strengths

  • Strong presence in tollway collection across multiple states
  • Diversification in infrastructure sectors including EPC and real estate
  • Growing financials with increasing revenue and PAT over the last three years
  • Strategic plans to enhance operational capabilities with IPO funds

Risks

  • Exposure to government regulations and policy changes affecting infrastructure projects
  • Market risks inherent in infrastructure and real estate sectors
  • Dependence on successful toll collection and project execution to maintain financial health

Expert Verdict

Highway Infrastructure Ltd’s IPO presents a compelling opportunity for investors interested in infrastructure sector growth. The company shows steady financial improvement and operates in crucial sectors underpinning India’s development. However, investors should weigh regulatory and sector-specific risks before investing.

Subscription Status

The IPO subscription window opens from August 5 to August 7, 2025. Allotment is expected on August 8, 2025. As of now, detailed day-wise subscription figures (QIB, NII, and Retail) are not available.

Allotment & Listing Timeline

  • IPO Close Date: August 7, 2025
  • Allotment Finalization: August 8, 2025
  • Refund Date: August 11, 2025 (Tentative)
  • Shares Credit to Demat Account: August 11, 2025
  • Listing Date on BSE and NSE: August 12, 2025

FAQs

  • What is the price band for Highway Infrastructure Ltd IPO? Rs. 65 to Rs. 70 per share.
  • When does the IPO open and close? It opens on August 5, 2025, and closes on August 7, 2025.
  • What is the lot size and minimum investment? Lot size is 211 shares, with a minimum investment of approximately Rs. 14,770.
  • Where will the IPO be listed? On BSE and NSE, expected listing date is August 12, 2025.
  • What are the key objectives of the IPO? To strengthen tollway collections and expand EPC infra-businesses.

How to Apply

Investors interested in the Highway Infrastructure Ltd IPO can apply through online platforms like NSE IPO Application Portal or through their stockbroker’s IPO application facility. Ensure you have a demat account before applying. It’s advisable to check the application process early during the IPO opening period.

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