In 2025, the Highway Infrastructure IPO has become one of the most anticipated offerings among retail and institutional investors. Investors are curious about its live GMP, financial data, lot sizes, performance metrics, and whether it’s a subscribe or avoid case.
In this comprehensive guide, you’ll get everything you need:
📌 About Highway Infrastructure IPO – Quick Snapshot
| Detail | Information |
|---|---|
| IPO Open Date | August 5, 2025 |
| IPO Close Date | August 7, 2025 |
| Issue Size | ₹130.00 Cr (Fresh ₹97.52 Cr + OFS ₹32.48 Cr) |
| Price Band | ₹65 to ₹70 per share |
| Lot Size | 211 shares |
| Listing At | NSE, BSE |
| Registrar | Bigshare Services Pvt Ltd |
| Lead Manager | Pantomath Capital Advisors Pvt Ltd |
✅ Also read:
🏗 About the Company – Highway Infrastructure Limited (HIL)
Founded in 1995, HIL is an infrastructure development & management company with 3 major segments:
- Tollway collection
- EPC infra projects
- Real estate
Key facts:
- Tollway operations in 11 states + 1 UT
- Uses ANPR & RFID-based ETC systems
- Completed 63 EPC projects by Aug 2024; 20 ongoing
- Small real estate arm developing gated societies
Workforce: ~398 employees (Aug 2024)
Registered Address:
57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore, Madhya Pradesh, 452016
📞 +91 731 4047177 | ✉ cs@highwayinfrastructure.in
🌐 www.highwayinfrastructure.in
📊 IPO GMP (Grey Market Premium) – Live Today
As of today, the Highway Infrastructure IPO GMP is around ₹25, indicating:
- Potential listing gain: ~28%–31%
- Demand strong among retail & HNI investors
Note: GMP fluctuates daily. Check our IPO GMP Tracker for real-time updates.
📈 Financial Data – Profit, Revenue, Assets, Debt
| Year End | Revenue (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) | Total Debt (₹ Cr) |
|---|---|---|---|---|---|
| FY25 | 504.48 | 22.40 | 231.56 | 117.72 | 71.82 |
| FY24 | 576.58 | 21.41 | 202.63 | 100.19 | 69.62 |
| FY23 | 456.83 | 13.80 | 156.59 | 74.81 | 63.36 |
Observation:
- Revenue dipped 13% (FY24→FY25) but PAT up 5%
- Stable debt; net worth improved
🔗 Related: NSDL IPO GMP & Timeline
📝 IPO Application Details & Lot Size
| Category | Min Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 211 | ₹14,770 |
| Retail (Max) | 13 | 2,743 | ₹1,92,010 |
| S-HNI (Min) | 14 | 2,954 | ₹2,06,780 |
| B-HNI (Min) | 68 | 14,348 | ₹10,04,360 |
Lot size: 211 shares
Face value: ₹5
📦 IPO Reservation Quota
| Category | % of Net Offer |
|---|---|
| QIB | ≤ 30% |
| NII | ≥ 30% |
| Retail | ≥ 40% |
👨💼 Promoter’s Holding
| Details | % |
|---|---|
| Pre-issue | 94.95% |
| Post-issue | ~ (after dilution) |
Promoters:
- Arun Kumar Jain
- Anoop Agrawal
- Riddharth Jain
📅 IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Aug 5, 2025 |
| IPO Closes | Aug 7, 2025 |
| Allotment | Aug 8, 2025 |
| Refunds | Aug 11, 2025 |
| Shares Credit | Aug 11, 2025 |
| Listing Date | Aug 12, 2025 |
UPI cut-off: Aug 7, 2025 – 5 PM
🔒 Investor Category Reservations & Anchor Details
Anchor investors: Allotted 1 day before IPO opens
Anchor quota is part of QIB (≥ 60% of QIB)
| Investor | % or Amount |
|---|---|
| Anchor | ~60% of QIB quota |
| Retail | ≥40% |
| NII | ≥30% |
📊 Key Performance Indicators (KPI)
| KPI | Value |
|---|---|
| ROE | 19.03% |
| ROCE | 16.56% |
| Debt/Equity | 0.61 |
| PAT Margin | 4.44% |
| EBITDA Margin | 6.32% |
| Book Value | ₹20.36 |
| EPS (Pre IPO) | ₹3.88 |
| P/E (Post IPO) | 22.41x |
📞 IPO Registrar & Contact
| Detail | Info |
|---|---|
| Registrar | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | IPO Status |
✅ Should You Apply? – IPO Recommendation
Pros:
- Strong track record in infra + toll
- Moderate valuation (P/E ~22x)
- Consistent PAT growth
Cons:
- Dependency on government contracts
- Revenue decline in FY25
Verdict: Moderate subscribe (esp. for listing gains; long-term depends on infra cycle)
📌 IPO Allotment & Refund – How to Check
Step-by-step:
- Go to IPO Status
- Enter PAN or Application No.
- View allotment or refund status
Refund methods:
- UPI (auto refund)
- ASBA (bank unblock)
After allotment:
- Hold if long-term investor
- Sell on listing if only for GMP gains
📄 IPO RHP/DRHP Documents
(🔗 Will be available on SEBI website & company site)
📊 Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Working capital | 65.00 |
| General corporate | Balance |
✅ Highway Infrastructure IPO Review – Pros & Cons
| Pros | Cons |
|---|---|
| Infra sector demand | Revenue dip FY25 |
| Good ROE & margins | Moderate P/E |
| PAN-India toll network | Infra execution risk |
❓ FAQs (Top 10)
- When Highway Infrastructure IPO opens?
→ Aug 5, 2025 - What is Highway Infrastructure IPO GMP today?
→ ₹18–₹22 (approx.) - Lot size?
→ 211 shares - How to apply via Zerodha?
→ Use Console > IPO > Apply > UPI - IPO price band?
→ ₹65–₹70 - Allotment date?
→ Aug 8, 2025 - Listing date?
→ Aug 12, 2025 - Registrar?
→ Bigshare Services Pvt Ltd - Promoters?
→ Arun Kumar Jain, Anoop Agrawal, Riddharth Jain - Should you buy?
→ Moderate subscribe; consult advisor
📌Further Reading
- Groww BSE Power ETF FoF NAV & Expense
- Brigade Hotel Ventures IPO Review
- Takyon Networks IPO Live GMP
⭐ Conclusion:
The Highway Infrastructure IPO shows promise with stable profit, reasonable GMP, and demand from infra-focused funds. Subscribe carefully, track GMP & final allotment
