Highway Infrastructure IPO Details
The Highway Infrastructure IPO is a book build issue with a total issue size of ₹130 cr, comprising of fresh issue of 13931428 equity shares., and a offer for sale of 4640000 equity shares. Highway Infrastructure IPO opened for subscription on Aug 05, 2025 and closed on Aug 07, 2025. Highway Infrastructure IPO is set price band at ₹65 to ₹70 per share, with a lot size of 211 shares. Minimum investment for Retail investors was ₹14,770.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 08, 2025, and listed on both the NSE and BSE on Aug 12, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Pantomath Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Highway Infrastructure IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 65 – 70
- Lot Size
- 211
- Issue Size
- ₹130 Cr
- Minimum Investment
- ₹14770 (211 Shares)
- Listing Date
- 12 August 2025
Current GMP
₹24 (+34.29%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Highway Infrastructure Limited
Incorporated in 1995, Highway Infrastructure Limited (HIL) is an Indian infrastructure development and management company engaged in tollway operations, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The company specializes in building and maintaining roads, highways, bridges, and residential infrastructure.
Core Business Segments
1. Tollway Collection
- HIL operates and manages toll collection systems for highway projects awarded through competitive bidding.
- A pioneer in adopting ANPR (Automatic Number Plate Recognition) technology, HIL utilizes this system on the Delhi–Meerut Expressway, alongside RFID-enabled Electronic Toll Collection (ETC) and digital payment platforms.
- Toll operations span 11 Indian states and one Union Territory.
- As of August 31, 2024, HIL has:
- Completed 24 tollway collection projects
- Actively operating 7 projects
- A tollway order book worth INR 314.96 crore
2. EPC Infra Projects
- HIL executes a wide range of infrastructure works—from roads and bridges to irrigation systems and civil buildings.
- The company handles all phases of EPC projects with in-house expertise, from planning to completion.
- As of August 31, 2024:
- Completed 63 EPC projects
- 20 projects under execution
- Ongoing projects located in Indore, Ratlam, and Khandwa (Madhya Pradesh)
- EPC order book stands at INR 281.42 crore
3. Real Estate Development
- HIL engages in the development, construction, and sale of commercial and residential properties.
- The company has delivered gated communities and housing projects, although this remains its smallest business segment.
- Projects have included participation in government housing and infrastructure schemes like:
- Pradhan Mantri Awas Yojana (PMAY)
- Pradhan Mantri Gram Sadak Yojana (PMGSY)
- Jal Jeevan Mission
Workforce and Financials
- As of August 31, 2024, HIL employs 398 professionals across its business units.
- The company's consolidated order book stands at INR 596.38 crore, with major contributions from tollway and EPC segments.
Summary
Highway Infrastructure Limited has established itself as a capable and forward-looking player in India’s infrastructure sector. With a strong track record in toll operations and infrastructure development, the company continues to contribute to national development through both private and government-backed initiatives.
Highway Infrastructure IPO Promoters
- Arun Kumar Jain
- Anoop Agrawal
- Riddharth Jain
Promoters Holding
Holding Pre Issue
94.95%
Holding Post Issue
70.04%
Highway Infrastructure IPO Objective
The Company Highway Infrastructure IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding Working Capital Requirements of the Company.
- General Corporate Purposes.
Address / Contact Info
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/
IPO Snapshot
Book Running Lead Managers
- Pantomath Capital Advisors Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Highway Infrastructure IPO is a Book-building IPO with a total issue size of ₹130 crore. The Highway Infrastructure IPO price band is ₹65 to 70 per share. The Highway Infrastructure IPO subscription opens on Tue, Aug 5, 2025, and closes on Thu, Aug 7, 2025. The Highway Infrastructure IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Highway Infrastructure IPO.
The Highway Infrastructure IPO opens on Tue, Aug 5, 2025 and closes on Thu, Aug 7, 2025
Highway Infrastructure IPO Price Band is ₹65 to 70 per share.
Highway Infrastructure IPO lot size is 211 shares, Retail investors need a minimum investment of ₹14770 based on the upper price band
The minimum investment for Highway Infrastructure IPO is ₹14770, based on one lot of 211 shares at the upper price band of ₹70 per share.
Investors can apply for the Highway Infrastructure IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 7, 2025. The application amount remains blocked until the Highway Infrastructure IPO allotment is finalized.
Highway Infrastructure IPO issue size is ₹130 crores.
Highway Infrastructure IPO allotment date is Wed, Jul 1, 2026.
The registrar for Highway Infrastructure IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Highway Infrastructure IPO allotment status, refund processing, and other IPO-related information.
The Highway Infrastructure IPO GMP (Grey Market Premium) is ₹24 as of Tue, Aug 12, 2025. Based on the upper price band of ₹70 per share, the estimated Highway Infrastructure IPO listing price is ₹94, indicating a potential listing gain of approximately 0% over the issue price.