Highway Infrastructure IPO
Highway Infrastructure Ltd., a prominent player in India’s infrastructure development sector, has announced its Initial Public Offering (IPO) to raise ₹130 crores. The public issue is scheduled to open for subscription on August 5, 2025, and will close on August 7, 2025. The company plans to list on both the BSE and NSE, with a tentative listing date of August 12, 2025.
The Highway Infrastructure IPO comes on the back of a mixed financial performance for the company. For the financial year ending March 31, 2025, Highway Infrastructure reported a 5% increase in Profit After Tax (PAT), which grew to ₹22.40 crores from ₹21.41 crores in the previous fiscal year. However, the company’s consolidated revenue saw a decrease of 13%, falling to ₹504.48 crores from ₹576.58 crores in FY2024. Despite the dip in revenue, the company has shown consistent growth in its asset base, which expanded to ₹231.56 crores in FY2025 from ₹202.63 crores in FY2024.
Highway Infrastructure IPO Structure and Details
The ₹130 crore IPO is a combination of a fresh issue of equity shares, aggregating to ₹97.52 crores, and an Offer for Sale (OFS) of shares, amounting to ₹32.48 crores by the existing shareholders.
The price band for the issue has been fixed at ₹65 to ₹70 per share, with a face value of ₹5 per share. Retail investors can apply for a minimum lot size of 211 shares, translating to a minimum investment of ₹13,715 at the lower price band and ₹14,770 at the upper end.
The company has allocated not less than 40% of the net offer for Retail Individual Investors (RIIs), with Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) being allocated not more than 30% and not less than 30% respectively.
Highway Infrastructure IPO Objectives
The primary objective for raising funds through the fresh issue is to bolster the company’s financial standing. According to the company’s prospectus, it proposes to utilize the net proceeds as follows:
* ₹65.00 crores for funding its working capital requirements.
* The remaining amount will be used for general corporate purposes.
Company Profile and Operations
Incorporated in 1995, Highway Infrastructure Ltd. has established itself in tollway collection, Engineering, Procurement, and Construction (EPC) projects, and real estate development. The company specializes in the construction and maintenance of roads, highways, and bridges. It is notably one of the few operators using Automatic Number Plate Recognition (ANPR) technology for toll collection, currently deployed on the Delhi-Meerut Expressway. Its operations are spread across 11 states and one Union Territory.
Highway Infrastructure IPO Lead Manager & Registrar
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the issue, while Bigshare Services Pvt Ltd has been appointed as the registrar. The allotment of shares is expected to be finalized by Friday, August 8, 2025.
Highway Infrastructure IPO DRHP
Highway Infrastructure IPO RHP