As an investor, deciding whether to apply for or not to an IPO can often be challenging. If you are confused and worried about whether to apply for or not to the Highway Infrastructure IPO, then worry not. Here are 10 important key points and an in-depth, detailed Highway Infrastructure IPO review that will help you make the decision.
Strengths and Weaknesses of Highway Infrastructure IPO
Strengths:
- Highway Infrastructure is one of the leading companies who have 30 years of experience in managing toll collection and handling EPC Infra projects across India.
- Its promoters and management team have experience in the industries we work in.
- The company mostly operates its business in 3 areas: toll collection, EPC Infra projects, and real estate. Working in 3 different sectors offers them an opportunity to earn revenue from multiple sources, giving them better opportunities to generate more profit.
Weaknesses:
- The company generates most of its revenue from our toll collection business, while in the EPC segment, the revenue comes from public sector clients. In case of losing any of these key customers in toll collection can badly impact the financial results and cash flow.
- Highway infrastructure goes through seasonal ups and downs, which can be the result of affecting the company’s cash flow and financial details.
- In order to successfully operate, the company requires a lot of capital, if they don’t have enough cash flow to pay the debts, then it can badly impact the business and cash flow.
- The company works in a highly regulated industry and must follow safety, health, environmental, and other government rules. Unable to renew the needed licenses and permits on time or breaking any rules can negatively impact the business, cash flow, and finances.
Details of Highway Infrastructure IPO
| IPO Size | ₹130 crores |
| Offer-for-sale | up to 46,40,000 equity shares |
| Fresh issue | ₹97.52 crores |
| Price band | ₹65 to ₹70 |
| Subscription | Opens on August 5, 2025, and the closing date is August 7, 2025 |
| Purpose of IPO | Fresh Issue and Offer-for-Sale |
Highway Infrastructure IPO Opening and closing date?
The opening date of the Highway Infrastructure IPO is August 5, 2025, and the closing date is August 7, 2025.
What is the size of the Highway Infrastructure IPO?
Highway Infrastructure decided to raise around ₹130 crores through an IPO. This IPO is entirely a fresh issue of ₹97.52 crores and an Offer-for-sale up to 46,40,000 equity shares, with a face value of ₹5 each.
What are the subscription details of the Highway Infrastructure IPO?
The Highway Infrastructure IPO price band is set at ₹65 to ₹70 per share. In this IPO, 211 shares were available in 1 lot size for the minimum retail category, 2,743 shares in 13 lot sizes for the maximum retail category, 2,954 shares in 14 lot sizes for the S-HNI minimum category, and 14,348 shares in 68 lot sizes for the B-HNI minimum category.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,770 and maximum investment of ₹1,92,010.
- Small HNI (S-HNI): Minimum investment of ₹2,06,780.
- Big HSI (S-HNI): A minimum investment of ₹10,04,360 is required.
What is the Highway Infrastructure IPO listing Date?
Highway Infrastructure is a Mainboard IPO whose shares will be listed on August 12, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
What are the objectives of the Highway Infrastructure IPO Issue?
The main reason behind raising funds via a fresh issue is to fund the Working Capital Requirements of the Company. Lastly, the remaining funds will be utilized for the company’s general corporate purposes.
About Highway Infrastructure
Founded in 1995, Highway Infrastructure Limited is one of the leading companies engaged in infrastructure development and management. The company’s operations consist of toll collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. Highway Infrastructure mainly uses a combination of fund-based and non-fund-based banking facilities in order to fulfil working capital needs. Over the years, the company has built housing projects and gated communities. Among HIL’s business segments, real estate is the smallest. In their business segment. The real estate division focuses on the ownership, development, construction, and sale of both residential and commercial properties.
Highway Infrastructure Financials
The company reported revenue of ₹576.58 crores in 2024 against ₹456.83 crores in 2023. The company reported a profit of ₹21.41 crores in 2024 against a profit of ₹13.80 crores in 2023.
Highway Infrastructure IPO Promoters
Arun Kumar Jain, Anoop Agrawal, and Riddharth Jain are the promoters of the company.
Who are the Highway Infrastructure IPO lead managers and registrar?
Pantomath Capital Advisors Pvt Ltd is the lead manager, while MUFG Intime India Private Ltd is the company’s registrar.
Should you apply or not for the Highway Infrastructure IPO?
Whether you should apply or not for the Highway Infrastructure IPO depends on various factors such as investment goals and risk appetite. Let’s first take a brief look at the company. Highway infrastructure is one of the leading infrastructure development and management companies currently working in 3 segments, such as tollway collection, EPC Infra, and real estate business. The company has over 30 years of experience in tollway collection and executing EPC Infra projects, offering its services across various states in India.
Its diversified operations, experienced management team, and strong sector presence are the strengths of the company. However, there are some risks too that we must keep in mind, like reliance on government tenders and seasonal cash flow fluctuations. Now, if you ask, should you apply or not for the Highway Infrastructure IPO, then if you believe in the long-term potential of infrastructure development in India, and if okay with the moderate risk, then the investor can apply for this IPO.
We recommend that investors only apply for this IPO after checking the company’s financial background, risks, and then decide whether to apply for the IPO or not.
