Highway Infrastructure IPO Details
The Highway Infrastructure IPO opened for subscription on Tuesday, August 5, 2025, and will close on Thursday, August 7, 2025. The IPO is priced in the range of ₹65 to ₹70 per equity share, with each share having a face value of ₹5.
Highway Infrastructure IPO Subscription Status
The issue has received robust investor participation, witnessing massive demand across all categories.
- Overall Subscription (till Day 2): 76.85x
- QIBs (Qualified Institutional Buyers): 7.30x
- NII (Non-Institutional Investors): 103.35x
- RII (Retail Individual Investors): 77.83x
By the end of Day 2 (August 6, 2025), the company received bids for 1,17,02,51,998 shares against the available 1,52,28,572 shares on offer.
- Day 1 (August 5): 28.51x subscribed
- Day 2 (August 6): 76.85x subscribed
With still one day left, the IPO is already heavily oversubscribed, especially in the NII and RII segments.
About Highway Infrastructure Limited (HIL)
Highway Infrastructure Limited (HIL) is a diversified Indian company operating in infrastructure development, toll management, EPC projects, and real estate.
- The company has experience in toll road operations, highway construction, and EPC projects, enabling them to play a strong role in India’s growing infrastructure sector.
- To manage working capital, HIL uses a mix of fund-based and non-fund-based banking facilities.
- Fund-based facilities help cover day-to-day expenses.
- Non-fund-based facilities (like bank guarantees) strengthen its project execution and bidding capabilities.
- The real estate division, though a smaller part of its operations, involves the ownership, development, and sale of residential & commercial projects. The company has delivered housing projects, apartment complexes, and gated communities in the past.
- HIL’s business is strategically diversified, with infrastructure as its core strength, while real estate acts as an additional growth avenue.
Highway Infrastructure Financial Performance
- Revenue: ₹504.48 crores in FY 2025 vs. ₹576.58 crores in FY 2024 (a slight decline due to project completion cycle).
- Net Profit (PAT): ₹22.40 crores in FY 2025 vs. ₹21.41 crores in FY 2024 (profitability improved despite revenue dip).
- EBITDA Margin: Stable at 15.3% in FY 2025 compared to 14.9% in FY 2024.
- Net Worth: ₹312 crores as of March 2025.
- Debt-to-Equity Ratio: 0.68, reflecting a balanced capital structure.
- Order Book: Strong pipeline worth ₹850 crores, ensuring visibility for the next 2–3 years.
Highway Infrastructure IPO GMP (Grey Market Premium)
As of Wednesday, August 6, 2025, the Grey Market Premium (GMP) for Highway Infrastructure IPO stood at ₹41.
- This implies the shares are trading at around ₹111 in the grey market, which is ₹41 higher than the issue price of ₹70.
- The positive GMP indicates high investor interest and strong listing expectations.
