31 Mar 2023
Assets156.59
Total Income456.83
EBITDA27.69
Profit After Tax13.80
NET Worth74.81
Reserves and Surplus64.44
Total Borrowing63.36
At a glance
Updated 2026-09-11The shares listed at ₹115.00, a 64.29% move from the issue price. Highway Infrastructure is a Mainboard IPO with an issue size of ₹130.00 crore, proposed for listing on BSE, NSE. The offer opens on 5th Aug 2025 and closes on 7th Aug 2025. The issue structure includes a fresh issue of ₹97.52 crore and an offer-for-sale component of ₹32.48 crore. The current listing schedule points to 12th Aug 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹130.00 Cr
Fresh issue₹97.52 Cr
Offer for sale₹32.48 Cr
Face value₹5
Price band₹65.00–₹70.00
Allotment8th Aug 2025
Listing12th Aug 2025
Listing performance
Full performance ↗Issue price₹70.00
Listing price₹115.00
Current price—
Listing gain64.29%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹24.00
GMP / upper price34.29%
Est. listing₹94.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens5th Aug 2025
Closes7th Aug 2025
Allotment8th Aug 2025
Refund11th Aug 2025
Demat11th Aug 2025
Listing12th Aug 2025
Subscription demand
Full bidding ↗Total316.64×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 211 | ₹14,770 |
Company
Incorporated1995
Use of proceeds
| Object | Amount |
|---|---|
| Funding working capital requirements of the Company | ₹65.00 Cr |
| General Corporate Purposes | ₹32.52 Cr |
| Issue Expenses | ₹16.65 Cr |
| Total | ₹114.17 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue504.48₹ Cr · -12.5% vs prior year
EBITDA31.32₹ Cr · -18.5% vs prior year
PAT22.40₹ Cr · +4.6% vs prior year
Assets231.56₹ Cr · +14.3% vs prior year
Net Worth117.72₹ Cr · +17.5% vs prior year
Borrowing71.82₹ Cr · +3.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets202.63
Total Income576.58
EBITDA38.44
Profit After Tax21.41
NET Worth100.19
Reserves and Surplus83.49
Total Borrowing69.62
31 Mar 2025
Assets231.56
Total Income504.48
EBITDA31.32
Profit After Tax22.40
NET Worth117.72
Reserves and Surplus83.90
Total Borrowing71.82
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 19.03% |
| ROCE | 16.56% |
| Debt / Equity | 0.61% |
| RoNW | 19.03% |
| PAT Margin | 4.44% |
| EBITDA Margin | 6.32% |
| Price to Book Value | 3.44 |
Valuation & shareholding
Pre-IPO EPS3.88
Post-IPO EPS3.12
Pre-IPO P/E18.06
Post-IPO P/E22.41
Promoter holding pre94.95%
Promoter holding post70.04%
Market cap₹502.04 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Highway Infrastructure IPO | — | 22.41 x | — | — |
| Annu Projects IPO | — | 19.64 x | — | — |
| Citius Transnet IPO | — | - | — | — |
| Anantam Highways IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding working capital requirements of the Company | ₹65.00 Cr |
| General Corporate Purposes | ₹32.52 Cr |
| Issue Expenses | ₹16.65 Cr |
| Total | ₹114.17 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Pantomath Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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