Last updated on August 6, 2025
Highway Infrastructure IPO Details: The Highway Infrastructure IPO will open on August 5, 2025, and close on August 7, 2025. This Initial Public Offering (IPO) is a Book Build Issue, with the company aiming to raise approximately ₹130 crores. This amount includes a fresh issue of ₹97.52 crores and an offer for sale of up to 4,640,000 equity shares, each having a face value of ₹5.
The price band for the Highway Infrastructure IPO is set between ₹65 and ₹70 per share. The allocation is divided as follows: 40% for retail investors, 30% for qualified institutional buyers (QIB), and 30% for high-net-worth individuals (HNI).
The allotment date for the Highway Infrastructure IPO is August 8, 2025, and the shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 12, 2025.
IPO Date & Price Band Details
| IPO Open: | August 5, 2025 |
| IPO Close: | August 7, 2025 |
| IPO Size: | Aprox ₹ [130] Carores |
| Fresh Issue: | Aprox ₹ [97.52] Carores |
| Offer for Sale: | Aprox ₹ [46.40] Carores |
| Face Value: | ₹ 5 Per Equity Share |
| IPO Price Band: | ₹ [65] to [70] Per Share |
| IPO Listing: | BSE & NSE |
| IPO Retail Quota: | Not More than 40% |
| IPO NII Quota: | Not More than 30% |
| IPO QIB Quota: | Not More than 30% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Highway Ifra IPO Object of the Issue
The net proceeds from the fresh issue (₹975.20 million) will be used primarily for:
Funding capital expenditure
Repayment of borrowings
General corporate purposes
Details are available in the “Objects of the Offer” section of the RHP.
Highway Infrastructure IPO Allotment & Listing Dates
The Highway Infra IPO opens on August 5, 2025, and closes on August 7, 2025. The IPO allotment will be finalized on August 8, 2025, and the IPO listing is scheduled for August 12, 2025.
| IPO Open Date: | August 5, 2025 |
| IPO Close Date: | August 7, 2025 |
| IPO Allotment Date: | August 8, 2025 |
| Refunds Date: | August 11, 2025 |
| Credit to Demat Account: | August 11, 2025 |
| IPO Listing Date: | August 12, 2025 |
Highway Infrastructure IPO Market Lot
The Highway Infra IPO minimum market lot is 211 shares with ₹14,770 application amount. The retail investors can apply up-to 13 lots with 2,743 shares or ₹1,92,010.
| Application | Lot Size | Share | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 211 | ₹14,770 |
| Retail Maximum | 13 | 2,743 | ₹1,92,010 |
| S-HNI Mimimum | 14 | 2,954 | ₹2,06,780 |
| B-HNI Maximum | 68 | 14,348 | ₹10,04,360 |
Highway Infrastructure IPO Review (Apply or Not)
| Brokerage | Recommendation | Key Reasoning/Notes |
|---|---|---|
| SBI Securities | Avoid | Smaller player, high dependency on short, frequent toll contracts; revenue concentration from public sector; high working capital needs; valuations not justified. |
| Swastika Investmart | Subscribe (for listing gains & long-term) | Strong order book, use of ANPR technology for tolling, considered “fully priced” but supports both short- and long-term investment. |
| Anand Rathi | Subscribe (Long-term) | Niche opportunity in tollway/EPC; growth and robust order book; ANPR gives advantage; diversified revenue streams. |
| Arihant Capital | Subscribe (Listing gains) | Integrated infra company; solid project experience, focus on cost optimization; positioned to benefit from highway investments. |
| Lakshmishree Investments | Subscribe (Long-term) | Compelling sector, deep management experience, diversified operations, strong financials; but high NHAI dependency a risk. |
| SBICAP Securities | Avoid | (Same as SBI Securities, as SBICAP is their retail arm; recommends avoidance due to valuation and business profile). |
| Sharekhan | ||
| Reliance Securities | ||
| ICICIdirect |
You can check IPO subscription status and IPO allotment status on their respective pages.
Highway Infrastructure Company Financial Report
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 357.94 | ₹ 346.37 | ₹8.52 | ₹155.09 |
| 2023 | ₹ 456.83 | ₹ 437.34 | ₹13.80 | ₹156.59 |
| 2024 | ₹ 576.58 | ₹ 546.65 | ₹21.41 | ₹202.63 |
| 2025 | ₹ 504.48 | ₹ 474.22 | ₹22.40 | ₹231.56 |
Highway Infrastructure IPO Valuation – FY2025
Check Highway Infra IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KIP | Values |
| ROE: | 19.03% |
| ROCE: | 16.56% |
| EBITDA Margin | 6.32% |
| PAT Margin: | 4.44% |
| Debt to equity ratio: | 0.61% |
| Earnig Per Share (EPS): | 3.40 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Wortth (RoNW): | 19.03% |
| Net Asset Value (NAV): | ₹20.37 |
Highway Infrastructure Company Promoters
- Kishore Rajaram Chhabria
- Bina Kishore Chhabria
- Resham Chhabria Jeetendra Hemdev
- Bina Chhabria Enterprises Private Limited
- BKC Enterprises Private Limited
- Oriental Radios Private Limited
- Officer’s Choice Spirits Private Limited
Highway Infrastructure Peer Group Companies
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Udayshivakumar Infra Limited | (1.18) | NA | (4.28) | 30.43 | 289.13 Cr. |
| IRB Infrastructure Developers Limited | 1.12 | 44.38 | 32.69 | 32.83 | 7613.47 Cr. |
| H.G. Infra Engineering Limited | 75.04 | 14.00 | 17.13 | 452.62 | 5056.18 Cr. |
Highway Infrastructure IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Highway Infrastructure IPO Allotment Status Check
Check Highway Infrastructure IPO allotment status on Linkintime website allotment URL. Click Here
Highway Infrastructure Company Address
Registered Office:
57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore – 452016, MP, India
Email: cs@highwayinfrastructure.in
Website: www.highwayinfrastructure.in
Highway Infrastructure IPO Form
How to apply for the Highway Infra IPO? You can apply for Highway Infra IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Highway Infrastructure IPO in the Invest section. The other option is you can apply for Highway Infra IPO via IPO forms downloaded via NSE and BSE. Check out the Highway Infa forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Highway Infrastructure IPO FAQs
The Highway Infrastructure IPO is set to open on August 5, 2025, and will close on August 7, 2025. This is a Book Build Issue, and the company aims to raise around ₹130 crores through the IPO. This amount includes a fresh issue of ₹97.52 crores and an offer for sale of up to 46,40,000 equity shares, each with a face value of ₹5.
The Highway Infrastructure IPO is going to open on August 5, 2025, for QIB, NII, and Retail Investors.
The investors’ portion for QIB is 30%, NII is 30%, and Retail is 40%.
You can apply for Highway Infrastructure IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stockbrokers. You can also apply via your stockbrokers by filling up the offline form.
Highway Infrastructure IPO size is ₹130 crores.
The Price Band for Highway Infrastructure IPO is ₹65 to ₹70.
The minimum bid is 221 Shares with ₹14,770 amount while the maximum bid is 2,743 shares with ₹1,92,010 for retail investors. But you should always apply for only one lot if IPO is oversubscibe.
Highway Infra IPO allotment date is August 8, 2025.
Highway Infra IPO listing date is August 12, 2025. The IPO is to list on BSE and NSE both.