Highway Infrastructure Limited – IPO
Highway Infrastructure Limited – IPO Details
| IPO Date | August 5, 2025 to August 7, 2025 |
| Listing Date | August 12, 2025 |
| Face Value | ₹ 5 / Share |
| Price Band | ₹ 65 to ₹ 70 / Share |
| Lot Size | 211 Shares |
| Total Issue Size | 1,85,71,428 shares (Aggregating up to ₹130.00 Cr) |
| Fresh Issue | 1,39,31,428 shares (Aggregating up to ₹97.52 Cr) |
| Offer for Sale | 46,40,000 shares of ₹5 (Aggregating up to ₹32.48 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 5,77,89,204 shares |
| Share holding post issue | 7,17,20,632 shares |
| Market Maker portion |
Highway Infrastructure Limited Timeline (Tentative Schedule)
Highway Infrastructure Limited IPO opens on August 5, 2025, and closes on August 7, 2025.
| IPO Open Date | August 5, 2025 |
| IPO Close Date | August 7, 2025 |
| Basis of Allotment | August 8, 2025 |
| Initiation of Refunds | August 11, 2025 |
| Credit of Shares to Demat | August 11, 2025 |
| Listing Date | August 12, 2025 |
| Cut-off time for UPI mandate confirmation | August 7, 2025 |
Highway Infrastructure Limited IPO Lot Size
Investors can bid for a minimum of 211 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 211 | Rs.14,770 |
| Retail (Max) | 13 | 2,743 | Rs.192,010 |
| S-HNI (Min) | 14 | 2,954 | Rs.206,780 |
| S-HNI (Max) | 67 | 14,137 | Rs.989,590 |
| B-HNI (Min) | 68 | 14,348 | Rs.1,004,360 |
| HNI (Min) |
Highway Infrastructure Limited IPO Promoter Holding
| Share Holding Pre Issue | 94.95% |
| Share Holding Post Issue |
Highway Infrastructure Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
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| Market Maker Shares Offered | |
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| Other Shares Offered | |
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| QIB Shares Offered | |
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| NII (HNI) Shares Offered | |
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| bNII > ₹10L | |
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| sNII < ₹10L | |
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| Retail Shares Offered | |
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| Employee Shares Offered | |
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| Total Shares Offered | |
Highway Infrastructure Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Highway Infrastructure Limited
Highway Infrastructure Limited (HIL), established in 1995, is an Indian infrastructure development and management firm involved in tollway collection, EPC (Engineering, Procurement, and Construction) contracts, and real estate development. The firm deals in constructing and maintaining roads, highways, bridges, and residential projects.
Business Segments:
Tollway Collection Business:
HIL collects tollways on highway projects, which are obtained through competitive bidding.
The company is one of the few toll companies applying ANPR (Automatic Number Plate Recognition) technology for toll collection on the Delhi-Meerut Expressway.
Toll collection activities span 11 states and one Union Territory.
The company utilizes an upgraded Electronic Toll Collection (ETC) system through RFID tags and electronic payment channels for convenient toll payments.
As of August 31, 2024, HIL has executed 24 tollway collection projects and is in operation of 07 tollway collection projects.
EPC Infra Projects:
HIL possesses in-house capabilities to execute projects right from conceptualization to completion.
The company has experience executing various infrastructure projects, such as roads, bridges, tanks, irrigation-related construction, and civil buildings.
As of August 31, 2024, HIL has executed 63 EPC Infra projects, with 20 projects in execution.
Current projects are being undertaken in Indore, Ratlam, and Khandwa in Madhya Pradesh, India.
Real Estate:
The real estate business entails holding, developing, building, and selling commercial and residential properties.
HIL has built gated communities and housing schemes over the years.
Real estate is the smallest business segment of HIL.
Workforce:
As of August 31, 2024, HIL has 398 employees in its business segments.
Key Performance Indicator
The market capitalization of Highway Infrastructure IPO is ₹502.04 Cr.
| KPI | Values |
|---|---|
| ROE | 19.03% |
| ROCE | 16.56% |
| Debt/Equity | 0.61 |
| RoNW | 19.03% |
| P/BV | 3.44 |
| PAT Margin (%) | 4.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.88 | 3.12 |
| P/E (x) | 18.06 | 22.41 |
Note:
- The Pre IPO EPS is calculated based on the issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 that is available in RHP.
Objects of the Issue (Highway Infrastructure Limited IPO Objectives)
Highway Infrastructure Limited Contact Details
Highway Infrastructure Ltd. 57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore, Madhya Pradesh, 452016 Phone: +91 731 4047177 Email: [email protected] Website: http://www.highwayinfrastructure.in/ |
Highway Infrastructure Limited IPO Registrar
Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] |