Highways Infrastructure Limited (HIL) is launching its initial public offering (IPO) on August 5, 2025, giving you a chance to invest in the company that builds roads and cities in India. This article is written in simple and easy-to-understand language, and all details are presented precisely so that it is unique and SEO-friendly. We will discuss IPO dates, details, lot size, reservation, promoter holding, contact information, registrar details, and how to check allotment status.
Lets check out the all information about Highway Infrastructure IPO GMP, Date and Details, Allotment Status.
What is Highway Infrastructure Limited?
Founded in 1995, Highways Infrastructure Limited is headquartered in Indore, Madhya Pradesh. It focuses on three main areas: toll collection on roads, construction of infrastructure projects such as roads and bridges (called EPC projects), and real estate development. HIL uses modern technologies such as automatic number plate recognition (ANPR) and RFID for toll collection. It operates in 11 states and one union territory, has completed 63 EPC projects, and is working on 20 more projects. The company is led by promoters Arun Kumar Jain, Anoop Agarwal, and Riddharth Jain.
Highway Infrastructure IPO Details
Highways Infrastructure’s IPO aims to raise ₹130 crore by offering 18,571,428 equity shares with a face value of ₹5. This includes a fresh issue of 13,900,000 shares (₹97.52 crore) and an offer for sale of 4,671,428 shares (₹32.48 crore). The share price has been set between ₹65 and ₹70, and the IPO will be listed on the BSE and NSE stock exchanges.
| IPO Name | Highway Infrastructure Limited IPO |
| IPO Opening Date | August 5, 2025 |
| IPO Closing Date | August 7, 2025 |
| Listing Date | To be announced |
| Face Value | ₹5 per share |
| Price Band | ₹65 to ₹70 per share |
| Lot Size | 211 shares |
| Minimum Investment (Retail) | ₹13,715 – ₹14,770 (1 lot) |
| Issue Type | Book Building Issue |
| Total Issue Size | 1,85,71,428 shares (₹130.00 Cr) |
| Fresh Issue | 1,39,31,428 shares (₹97.52 Cr) |
| Offer for Sale (OFS) | 46,40,000 shares (₹32.48 Cr) |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 5,77,89,204 shares |
| Post-Issue Shareholding | 7,17,20,632 shares |
Highway Infrastructure ltd IPO Dates
- Opens: August 5, 2025
- Closes: August 7, 2025
- Allotment Date: Around August 8, 2025
- Refunds Start: Around August 11, 2025
- Shares in Demat: Around August 11, 2025
- Listing Date: August 12, 2025
Why is HIL Doing This IPO?
Highway Infrastructure ltd IPO will use ₹65 crores from the fresh issue for working capital to keep the business running smoothly. The rest will go toward general business needs. The money from the offer for sale will go to the promoters selling their shares.
How to Check Highway Infrastructure IPO Allotment Status
You can check if you got shares on or after August 8, 2025. Here’s how:
- Go to official IPO Allotment Status Page – https://ipo.bigshareonline.com/IPO_Status.html.
- Choose “Highway Infrastructure IPO” from the list.
- Enter your Application Number, PAN, or Demat Account details.
- Click submit to see if you got shares.
If you don’t get shares, your refund will start on August 11, 2025. Allotted shares will appear in your demat account on the same day.
Highway Infrastructure ltd Lot Size and Investment
The minimum lot size is 211 shares, and you can apply for more in multiples of 211. Here’s what it costs at ₹70 per share (the highest price):
- Retail Investors: 1 lot (211 shares) = ₹13,715; up to 13 lots (2,743 shares) = ₹192,010.
- Small Non-Institutional Investors (sNII): 14 lots (2,954 shares) = ₹206,780.
- Big Non-Institutional Investors (bNII): 68 lots (14,348 shares) = ₹1,004,360.
Highway Infrastructure ltd IPO Reservation
The IPO shares are split to ensure everyone gets a fair chance:
- Retail Investors (RII): 40% of shares (~7,428,571 shares).
- Qualified Institutional Buyers (QIB): 30% of shares (~5,571,428 shares).
- Non-Institutional Investors (NII): 30% of shares (~5,571,428 shares), divided as 1/3 for sNII and 2/3 for bNII.
The anchor investor portion opens on August 4, 2025, for big institutions.
Promoter Holding
The IPO is led by promoters Arun Kumar Jain, Anoop Agrawal, and Riddharth Jain. Arun Kumar Jain and Anoop Agrawal are selling up to 4,671,428 shares through the offer for sale. Exact promoter shareholding before and after the IPO isn’t fully detailed in the source, but you can find specifics in the Red Herring Prospectus (RHP). Here’s a quick look at the promoters:
- Arun Kumar Jain (56): Managing Director with 31+ years of experience, previously led the Builders Association of India, Indore Chapter.
- Anoop Agrawal (47): Handles finances and government relations with 22 years of experience.
- Riddharth Jain (24): Joined in 2024, brings expertise in architecture and design.
After the IPO, their shareholding will reduce due to the sale of shares.
Financial Highlights
As of March 31, 2025, HIL’s key financials are:
- Market Value: ₹502.04 crores
- Revenue: ₹504.48 crores (down 13% from ₹576.58 crores in 2024)
- Profit After Tax: ₹22.40 crores (up 5% from ₹21.41 crores in 2024)
- P/E Ratio: 18.06, lower than competitors like IRB Infrastructure (44.38) and closer to H.G. Infra Engineering (14)
- Order Book (May 2025): ₹666.3 crores (₹59.5 crores for tolls, ₹606.8 crores for EPC)
The company’s fair P/E ratio and growing profits make it a solid choice for investors.
How to Apply for Highway Infrastructure ltd IPO
You can apply through apps like Zerodha, HDFC Sky, or your bank using UPI or ASBA. Here’s how to apply via Zerodha:
- Log into Zerodha Console.
- Go to Portfolio and click IPOs.
- Select “Highway Infrastructure IPO” and click “Bid.”
- Add your UPI ID, number of shares (multiples of 211), and price (₹65–₹70).
- Submit and approve the UPI mandate on your phone.
The IPO is managed by Pantomath Capital Advisors Pvt Ltd.
Registrar Information
Bigshare Services Pvt Ltd handles the IPO’s allotment and refunds. Contact them at:
- Address: 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/IPO_Status.html
Visit their website to check IPO allotment status or get help.
Highway Infrastructure Ltd. Contact Details
Reach out to the company at:
- Address: 57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore, Madhya Pradesh, 452016, India
- Phone: +91 731 4047177
- Email: cs@highwayinfrastructure.in
- Website: http://www.highwayinfrastructure.in/
Subscription and Grey Market Premium (GMP)
Live subscription details will be available starting August 5, 2025, on www.chittorgarh.com. The Grey Market Premium (GMP) shows how much investors are willing to pay above the IPO price before listing. GMP data will be updated closer to the opening date. A high GMP often means strong demand and possible gains when the shares list.
| Aspect | Details |
|---|---|
| Day‑1 Overall Subscription | Approximately 27.0 times (27.04×) on Day 1 |
| Retail Investors (RII) | Around 28.7 times subscribed |
| Non-Institutional Investors (NII) | Around 33.5 times subscribed |
| Qualified Institutional Buyers (QIB) | Around 4.9 times subscribed |
| Grey Market Premium (GMP) | ₹40 to ₹41, indicating ~57% premium over upper price band of ₹70 |
| Indicated Listing Price (GMP + Issue Price) | Around ₹110 per share (₹70 + ₹40) |
| Next Key Dates | Allotment expected by August 8, 2025; Likely listing around August 12, 2025 |
Should You Invest?
The Highway Infrastructure IPO is a great chance to invest in India’s growing infrastructure sector. Here’s a quick look at the pros and cons:
Pros
- 30 years of experience in tolls and construction.
- Fair share price with a P/E ratio of 18.06.
- Strong project pipeline worth ₹666.3 crores.
- Uses modern tech like ANPR and RFID for tolls.
Cons
- Revenue dropped 13% in 2025 compared to 2024.
- Infrastructure projects can face delays or regulatory issues.
- Business depends on winning tenders, which can be uncertain.
Read the Red Herring Prospectus (RHP) for full details on risks and financials. Talk to a SEBI-registered financial advisor before investing.
Conclusion
The Highway Infrastructure IPO, opening August 5, 2025, is an exciting opportunity to invest in a company building India’s roads and cities. With shares priced at ₹65–₹70, a minimum lot of 211 shares, and a listing on August 12, 2025, it’s accessible for many investors. Check allotment status on August 8 via Bigshare’s website, and watch subscription and GMP updates on Chittorgarh.
Ready to join HIL’s growth? Do your homework, apply through a trusted platform, and make an informed choice!
Disclaimer: This article is for information only and not investment advice. Always read the RHP and consult a financial advisor before applying.
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