
299.26x
subscribed
Highway Infrastructure IPO
299.26x
subscribed
About Highway Infrastructure Limited
Highway Infrastructure Limited IPO Overview
Highway Infrastructure Limited IPO date
Highway Infrastructure Limited IPO will open for subscription on Aug 5, 2025, and the closing date for the IPO is Aug 7, 2025. After this, investors are expected to be updated about the allotment status on Aug 8, 2025.
Investors who have been allotted shares can expect them to be credited to their demat account on Aug 11, 2025. The shares will be listed on the NSE and the BSE on Tue, Aug 12, 2025.
Highway Infrastructure Limited IPO price band
The IPO includes a fresh issue of shares and an offer for sale. The IPO price band has been set between ₹65 to ₹70 per share. Interested investors can choose a price within this band to apply for the IPO. The IPO is a book-building issue, comprising a fresh issue of ₹97.52 crore and an offer for sale worth up to ₹32.48 crore.
The Highway Infrastructure Limited IPO listing price will be determined on Aug 12, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.
Highway Infrastructure Limited IPO lot size
Highway Infrastructure Ltd. IPO details have been declared. The minimum lot size for an application is 211 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹130 crore.
Checklist
Objectives
Strength and Weakness
The company draws over 98% of its operating revenue from tollway collection and EPC projects, largely contracted by reputable government bodies such as NHAI and various state agencies. In FY25, tollway collection and EPC Infra together contributed ₹48790 crore. This strong anchor with government contracts offers long-term stability and reduced risk of counterparty default.
As of May 31, 2025, Highway Infrastructure Limited boasts a consolidated order book of ₹666.31 crore, supporting consistent revenue visibility. Operational revenue grew from ₹455.13 crore in FY23 to ₹495.72 crore in FY25 (CAGR 2.89%). This financial trajectory highlights strong project execution and future growth potential.
With nearly 30 years of tollway and EPC project experience across 11 major Indian states, Highway Infrastructure Limited has established itself as a national leader. The company is among the few to operate ANPR-based toll collection on routes like the Delhi-Meerut Expressway and leverages advanced RFID and digital systems for efficient toll operations. These innovations have boosted revenue assurance and reduced errors, strengthening operational efficiency across high-traffic corridors.
Increasing digital penetration reduces revenue leakage. Manual toll collection constitutes only 6.59% of total tollway revenue; major collection is captured through electronic FASTag and online means. This not only enhances audit trails but also reduces pilferage and significantly improves collection efficiency.
About Highway Infrastructure Limited
IPO Analysis

IPO Subscription Status
Frequently asked questions
How to invest in the IPO?
What is the issue size of Highway Infrastructure IPO ?
What is 'pre-apply' for Highway Infrastructure IPO ?
Which exchanges will Highway Infrastructure IPO shares list on?
- Pre-apply1 Aug 2025
- Bidding starts5 Aug 2025
- Bidding ends7 Aug 2025
- Allotment finalisation8 Aug 2025
- Release of funds11 Aug 2025
- Demat transfer11 Aug 2025
- Listing12 Aug 2025