Highway Infrastructure IPO Opens 5 August - Check GMP, Allotment Status

Highway Infrastructure Ltd has been authorized to launch an IPO. The company, which is located in Indore, Madhya Pradesh, is one of the key players in the infrastructure and toll collection area. The company has shown robust growth in recent times, and analysts think it has enormous room for increasing its market share and revenues. The price band for the new issue of the IPO is ₹65-70 per share, and investors today should be considering this as an attractive investment opportunity, as the company seems to be in an excellent position to take advantage of the expanding infrastructure sector in India and its highway development initiatives.

As of today, Highway Infrastructure IPO GMP is showing ₹32 (45.71%) in premium in the grey market. This shows that investors are willing to pay ₹32 over the price of the IPO and reflects strong demand from the investing public for this offering. The grey market premium is further evidence of the investor appetite for this infrastructure company offering to the public through an IPO.

IPO Dates for Highway Infrastructure Ltd

The Highway Infrastructure Ltd IPO is set to open on August 5, 2025, and close on August 7, 2025. The Board of Allotment (BoA) date is expected to be August 8, 2025, with listing planned for August 12, 2025.

IPO Details Summary

Retail investors' minimum bid is ₹14,770, which is for 211 shares. Investors are keeping a close eye on Highway Infrastructure IPO's GMP, that is reflecting a 45.71% gain that is indicating incredible demand of investors.  This is one of the most anticipated IPOs of the infrastructure sector.

About Highway Infrastructure Ltd

Based in Indore, Madhya Pradesh, Highway Infrastructure Ltd. is a top player in infrastructure services and toll collection solutions. HIL has established itself as a significant player in India's infrastructure sector by offering full service highway development, toll collection solutions, and infrastructure solutions to clients in different segments. 

The Company operates in the infrastructure segment, providing highway construction, toll collection, systems integrations, infrastructure development consulting services to individuals, businesses, government organizations, etc., and anyone else in the marketplace. The Company offers a range of infrastructure solutions and services to many clients producing both small projects and large enterprise clients. 

As on 31 August 2021, the Company's consolidated order book stood at INR 596.38 crore, with INR 314.96 crore from the tollway collection business and INR 281.42 crore part ofthe  EPC Infra segment. HIL is one of the few toll operators in India that uses ANPR (Automatic Number Plate Recognition Technology).

Bigshare Services Pvt Ltd is the registrar for Highway Infrastructure IPO. The proceeds from the fresh issue would be employed for working capital needs, infrastructure upgrades and other general corporate purposes. Considering the development of the infrastructure sector in India and continuing highway development across the country, Highway Infrastructure is very well positioned to take advantage of India's changing infrastructure ecosystem.

Financial Performance of Highway Infrastructure Ltd

The company has shown outstanding revenue growth and maintained strong profitability in the expanding infrastructure services sector.

Performance Analysis

Highway Infrastructure Ltd had terrific results on financial performance this year. The company has demonstrated the ability to execute its business strategy, as evidenced from FY22 to FY24 revenue grew from ₹357.94 Cr to ₹576.58 Cr, or 61.1%. The after-tax profit grew even more impressively to ₹21.41 Cr, or a whopping 151.3%. The company generated consistent and sustainable business growth, which puts in evidence the efficiency of operations and efficiency on cost estimating and/ or managing the costs per infrastructure business customer project which is no small feat.

Highway Infrastructure also showed strong growth from an assets or balance sheet perspective as total assets grew from ₹155.09 Cr to ₹202.63 Cr, or approximately 30.7%. The company's net worth also grew very strong to ₹100.19 Cr, which shows a strong capital structure with excellent internal earnings growth potential. The debt is very manageable at ₹69.62 Cr total borrowings, which shows good financial management. Highway Infrastructure has demonstrated a high degree of financial management capabilities while also growing, and has positioned itself to grow for a long time in the infrastructure services space.

IPO Share Reservation

The IPO share allocation follows standard SEBI rules: The retail quota is 40%, QIB is 30%, and HNI is 30%.

Strengths

1. Revenue Growth:
Revenue has grown consistently at a CAGR of 23.86% from ₹357.94 Cr to ₹576.58 Cr, indicating strong market demand and a solid position in the infrastructure sector.

2. Profitability:
PAT has grown at a CAGR of 26.04% from ₹8.52 Cr to ₹21.41 Cr, demonstrating efficient operations, cost management, and improving margins.

3. Asset Growth:
Total assets increased from ₹155.09 Cr to ₹202.63 Cr (CAGR 26.03%), reflecting capital investment in infrastructure expansion.

4. Market Positioning:
Strong foothold in India's infrastructure growth story, backed by key client relationships across various industries.

5. Technology Focus:
Focus on smart infrastructure such as ANPR (Automatic Number Plate Recognition), digital tolling, and other tech-enabled solutions gives it a competitive edge.

6. Growth Path:
Consistent growth with healthy financials and operational cash flow, establishing a dependable business trajectory.

7. Strong Order Book:
Robust consolidated order book of ₹596.38 Cr provides visibility for future revenue streams and sustained growth.

8. Excellent GMP:
A high grey market premium of 45.71% reflects strong investor sentiment and high demand for the IPO.

Risks

1. Market Competition Risk:
Existing and new infrastructure players may affect pricing, margins, and market share.

2. Regulatory Changes:
Evolving regulations in toll collection and infrastructure development could raise compliance and operational costs.

3. Project Concentration Risk:
Dependence on a few large projects may expose the company to revenue fluctuations if delays or cancellations occur.

4. Economic Sensitivity Risk:
Economic downturns could affect government infrastructure spending, impacting project flow and profitability.

5. Technology Risk:
Rapid tech evolution demands continual investment; failure to innovate could cause the company to lag behind early adopters.

6. Government Policy Risk:
Shifts in government policy on toll collection or infrastructure funding can impact the company’s growth strategy.

7. Execution Risks:
Infrastructure projects inherently carry risks of delays and cost overruns, which could affect margins and timelines.

How to Apply for Highway Infrastructure IPO?

Step-by-step guide (IPO opens August 5, 2025):

1. Log in to your broker app (Zerodha, Angel One, Groww, etc.)
2. Navigate to the IPO section and select Highway Infrastructure IPO
3. Click Apply
4. Enter the following:
   • Lot size (minimum 211 shares)
   • Bid price (₹65–₹70 or select Cut-Off)
   • Your UPI ID
5. Submit the application
6. Approve the UPI request in your UPI app (PhonePe, GPay, etc.)

⏰ Note: UPI mandate must be approved before 5 PM on the same day or before the IPO closes on August 7, 2025.

How to Check Highway Infrastructure IPO Allotment Status?

You can check the allotment status once the IPO closes through NSE/BSE or the registrar portal.

On NSE/BSE:

1. Visit the NSE or BSE official website
2. Navigate to the IPO Allotment Section
3. Select Highway Infrastructure IPO
4. Enter your PAN or application number
5. Submit to view your allotment status

On Registrar Portal (Bigshare Services):

1. Visit: https://ipo.bigshareonline.com/IPO_Status.html
2. Select IPO Allotment Status
3. Choose Highway Infrastructure IPO
4. Enter your PAN or application number
5. Submit to check your status

Company Address

Name: Highway Infrastructure Ltd.
Address: 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 Registrar

Name: Bigshare Services Pvt Ltd
Phone: +91 22 6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Address: 1st Floor, Bharat Tin Works Building , Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400059

Conclusion

The Highway Infrastructure Limited is a wonderful investment opportunity in India's growing infrastructure market. The company has excellent revenue growth from ₹357.94 Cr to ₹576.58 Cr, indicating excellent financial returns along with a strong PAT of ₹21.41 Cr, suggesting it is managing its costs well and has great operational efficiency. As the company is in a strong market position and focuses on highway development and toll collection, it is well positioned to take advantage of the elucidated growth opportunities in India’s evolving infrastructure space.

The IPO price band indicates ₹65-70 per share. The excellent GMP of 45.71% suggests that there is a lot of interest from investors. So far, Highway Infrastructure appears to be attractively priced for a quality company in its sector with quality fundamentals and future growth.

However, investors should note that there are possible risks from increasing competition in the market, regulatory changes, and project concentration risks. For investors who are prepared to assume risk as part of measuring performance, Highway Infrastructure may present an excellent opportunity for investing in India's growing infrastructure investment business, with a tested market participant.

Disclaimer : This analysis is for learning purposes and not financial advice. Please consult a financial advisor before making investment decisions.

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