IPOName: Highway Infrastructure IPO; ListingDate: 2025-08-12; IPOSize: ₹130 Cr; PriceBand: ₹65–₹70; OpenDate: 2025-08-05; CloseDate: 2025-08-07; LotSize: 211; Exchange: NSE, BSE; Registrar: Bigshare Services; IssueType: Book Built; FaceValue: ₹5;
Meta Description: Track Highway Infrastructure Limited IPO GMP, issue details, financials, and sector outlook. Find out if this IPO offers strong listing potential in August 2025.
📌 IPO Overview
- IPO Open: August 5, 2025
- IPO Close: August 7, 2025
- Price Band: ₹65–₹70 per share (FV ₹5)
- Lot Size: 211 shares (~₹14,770 at cap price)
- Total Issue: ₹130 crore (Fresh Issue: ₹97.5 cr; OFS: ₹32.5 cr)
- Expected Listing: August 12, 2025 on NSE & BSE
🏢 Company Snapshot
Highway Infrastructure Ltd is an Indore-based company specializing in toll collection, EPC infrastructure, and small-scale real estate projects across 11 states and 1 UT. With 66 completed projects and 24 ongoing, it has built a robust national presence.
Highlights:
- Uses ANPR and RFID-based ETC on toll roads like Delhi–Meerut Expressway
- Order book of ₹6,963 crore (as of May 2025)
📊 Financial Highlights
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue (₹ Cr) | ~504.5 | ~576.6 | ~456.8 |
| PAT (₹ Cr) | ~22.4 | ~21.4 | ~13.8 |
| ROE (%) | ~19.0% | – | – |
| ROCE (%) | ~16.6% | – | – |
| Debt-to-Equity | ~0.61 | – | – |
| EBITDA Margin | ~6.3% | – | – |
| EPS (Post IPO) | ₹3.88 | – | – |
| P/E Ratio | ~18x | – | – |
💡 Sector Analysis
- Government push: Bharatmala, TOT, NHAI InvITs aid infrastructure funding
- Smart Tolling: Automated tolling tech (ANPR, ETC) reduces cost
- Balanced model: Combination of toll, EPC, and real estate adds stability
📈 Grey Market Premium (GMP)
- Estimated GMP: ₹25–₹31
- Expected Listing Price: ₹95–₹101 (up to 45% premium on cap price)
- Market Buzz: Moderate-to-strong interest from retail and HNI investors
Note: GMP is based on unofficial sources and not guaranteed.
✅ SWOT Analysis
Strengths:
- 30+ years of infrastructure execution
- Tech-integrated toll solutions
- Large & diversified order book
- Stable profit growth
Weaknesses:
- High working capital needs
- Minimal real estate contribution
- Tender model carries margin risk
Opportunities:
- New toll contracts & NHAI projects
- Privatization & InvIT models
- Digital tolling expansion
Threats:
- Policy & regulatory shifts
- Traffic volatility
- Project execution delays
⚠️ Disclaimer
This article is for educational purposes only. GMPRadar does not provide investment advice. Please consult a SEBI-registered advisor before investing in IPOs.
📢 Conclusion
The Highway Infrastructure Ltd IPO is backed by strong fundamentals and a growing sector. Investors seeking long-term exposure to India's infrastructure growth story may find it attractive — but should weigh risks like project execution and capital intensity before investing.
Stay tuned to GMPRadar.com for daily GMP updates, allotment news, and listing insights.
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