Key IPO Details:
• IPO Date: August 5 – August 7, 2025
• Price Band: ₹65 to ₹70 per share
• Lot Size: 211 shares (Min. investment approx. ₹14,770)
• Total Issue Size: ₹130 crore
• Fresh Issue: ₹105 crore
• Offer for Sale: 31 lakh shares.
Utilisation of Proceeds:
The company plans to allocate ₹63 crore towards working capital requirements, while the remaining amount will be used for general corporate purposes.
Company Overview:
Highway Infrastructure Ltd has a diverse portfolio comprising toll collection using advanced RFID and ANPR technology, EPC civil construction projects, and real estate development. Their operations span across 11 Indian states and 1 Union Territory.
Financial Highlights:
The company reported a revenue of ₹576 crore in FY24 and a profit of ₹21.4 crore, compared to ₹13.8 crore in FY23. Its order book stands strong at approximately ₹600 crore.
Strengths:
• 30+ years of operational experience
• Advanced toll collection technology
• Balanced business mix across three verticals
Risks:
• Small scale compared to industry peers
• Heavy working capital dependency
• Government project dependency impacts predictability
Final Words:
With a decent financial track record and a diversified business model, Highway Infrastructure Ltd's IPO could be a good opportunity for investors seeking long-term infrastructure exposure. However, risks related to scalability and dependency on government contracts should be considered before investing.
