Highway Infrastructure
IPO Timeline
Issue open date
5 Aug 2025Issue close date
7 Aug 2025UPI mandate deadline
7 Aug 2025Allotment finalization
8 Aug 2025Refund initiation
11 Aug 2025Share credit
11 Aug 2025Listing date
12 Aug 2025Mandate end date
22 Aug 2025Lock-in end date for anchor investors (50%)
7 Sep 2025Lock-in end date for anchor investors (remaining)
6 Nov 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 11 Aug | ₹24 | ₹94 | 34.29% |
| 10 Aug | ₹24 | ₹94 | 34.29% |
| 9 Aug | ₹24 | ₹94 | 34.29% |
| 8 Aug | ₹24 | ₹94 | 34.29% |
| 7 Aug | ₹29 | ₹99 | 41.43% |
| 6 Aug | ₹36 | ₹106 | 51.43% |
| 5 Aug | ₹40 | ₹110 | 57.14% |
| 4 Aug | ₹38 | ₹108 | 54.29% |
| 3 Aug | ₹40 | ₹110 | 57.14% |
| 2 Aug | ₹40 | ₹110 | 57.14% |
| 1 Aug | ₹40 | ₹110 | 57.14% |
| 31 Jul | ₹34 | ₹104 | 48.57% |
| 30 Jul | ₹31 | ₹101 | 44.29% |
| 29 Jul | ₹25 | ₹95 | 35.71% |
| 28 Jul | ₹25 | ₹95 | 35.71% |
| 27 Jul | ₹25 | ₹95 | 35.71% |
| 26 Jul | ₹25 | ₹95 | 35.71% |
| 25 Jul | ₹25 | ₹95 | 35.71% |
| 24 Jul | ₹0 | ₹70 | 0.00% |
Key Dates
Quick Stats
Issue Details
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Additional Resources
About the Company
Established in 1995 as Highway Enterprises and restructured as Highway Infrastructure in 2018, the company is an Indore-based infrastructure development firm specialising in toll operations and engineering, procurement, and construction (EPC) services. With nearly three decades of experience, it has executed projects across multiple Indian states, including Madhya Pradesh, Gujarat, Andhra Pradesh, and Delhi. Notably, the company is among the few toll operators in India utilizing Automatic Number Plate Recognition (ANPR) technology on the Delhi-Meerut Expressway. As of the fiscal year ending March 2024, Highway Infrastructure reported an annualized revenue of ₹576.57 crore and a net profit of ₹21.41 crore, reflecting its operational efficiency and market presence.
Strengths
- Nearly 30 years of industry experience in toll operations and EPC projects.
- Pioneered the use of ANPR technology for toll collection on major expressways.
- Diversified project portfolio across multiple Indian states, enhancing market reach.
- Demonstrated financial performance with substantial revenue and profitability.
- Experienced promoters with extensive industry knowledge and established relationships
Risks
- Modest scale of operations compared to larger industry peers.
- High working capital requirements may impact liquidity.
- Susceptibility to risks inherent in tender-based business models.
- Moderate contribution from the EPC segment could affect revenue diversification.
- Exposure to regulatory changes and policy shifts in the infrastructure sector.
Highway Infrastructure IPO – Frequently Asked Questions
- The price band for the Highway Infrastructure IPO is set at ₹65 to ₹70 per share.
- The Highway Infrastructure IPO opens on August 5, 2025 and closes on August 7, 2025.
- The tentative listing date for the Highway Infrastructure IPO is August 12, 2025.
- You can apply for the Highway Infrastructure IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Highway Infrastructure, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Highway Infrastructure IPO is 211 shares. Investors must apply for at least one lot (i.e., 211 shares).