Highway Infrastructure Ltd. IPO
Issue Price
₹70
GMP
—
Lot Size
211
Face Value
₹5
Issue Size
18,571,428 shares (aggregating up to ₹130 Cr)
Subscription
—
IPO Timeline
Open Date5-Aug-25
Close Date7-Aug-25
Allotment8-Aug-25
Refund Initiation11-Aug-25
Demat Credit11-Aug-25
UPI Mandate Deadline7-Aug-25
Listing Date12-Aug-25
Lock-in (30%)7-Sep-25
Lock-in (50%)6-Nov-25
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,571,427 (30%) | — | ₹3,900 Cr |
| NII (HNI) | — | 5,571,429 (30%) | — | ₹3,900 Cr |
| Retail | — | 7,428,572 (40%) | — | ₹5,200 Cr |
| Σ Total | — | 18,571,428 (100%) | — | ₹130,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹70
Face Value₹5
Lot Size211 shares
Issue Size18,571,428 shares (aggregating up to ₹130 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeNSE & BSE
Sale TypeFresh Capital-cum-Offer for Sale
Script Code—
Fresh Issue13,931,428 shares (aggregating up to ₹98 Cr)
Offer for Sale4,640,000 shares of ₹5 (aggregating up to ₹32 Cr)
Net Offer to Public—
Amount InCrore
Stock Price History · BSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 211 | ₹14,770 |
| Retail (Max) | 13 | 2,743 | ₹192,010 |
| S-HNI (Min) | 14 | 2,954 | ₹206,780 |
| B-HNI (Min) | 67 | 14,137 | ₹989,590 |
Retail1 lot(s)211 shares₹14,770
S-HNI14 lot(s)2,954 shares₹206,780
B-HNI68 lot(s)14,348 shares₹1,004,360
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 504 | 577 | 457 |
| EBITDA | 31 | 38 | 28 |
| Profit After Tax | 22 | 21 | 14 |
| Net Worth | 118 | 100 | 75 |
| Total Assets | 232 | 203 | 157 |
| Reserves & Surplus | 84 | 83 | 64 |
| Total Borrowing | 72 | 70 | 63 |
Valuation & Key Ratios
ROE19%
ROCE17%
RONW19%
PAT Margin4%
EBITDA Margin6%
Debt/Equity1
P/BV3
Pre EPS₹4
Post EPS₹3
Pre P/E18
Post P/E22
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding Working Capital Requirements of the Company. – 65.00
- 2 General Corporate Purposes. – 32.52
Company Overview
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:
- Tollway Collection Business:
- HIL operates and manages tollway collection systems for highway projects, which are awarded through competitive bidding.
- The company is among the few toll operators using ANPR (Automatic Number Plate Recognition) technology for tollway collection on the Delhi-Meerut Expressway.
- Toll collection operations extend across 11 states and one 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 07 tollway collection projects.
- EPC Infra Projects:
- HIL has in-house resources to manage projects from conceptualization to completion.
- The company has experience in various infrastructure projects, including roads, bridges, tanks, irrigation-related construction, and civil buildings.
- As of August 31, 2024, HIL has completed 63 EPC Infra projects, with 20 projects currently under execution.
- Ongoing projects are being executed in Indore, Ratlam, and Khandwa in Madhya Pradesh, India.
- Real Estate:
- The real estate segment involves owning, developing, constructing, and selling commercial and residential properties.
- The company has developed gated communities and housing projects over time.
- Real estate is the smallest business segment of HIL.
Workforce:
As of August 31, 2024, HIL employs 398 individuals across its business segments.
Company Information
Address57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore, Madhya Pradesh, 452016
Phone+91 731 4047177