# Everything you need to know about the Highway Infrastructure IPO

**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-the-highway-infrastructure-ipo/184774
**Category:** IPOs
**Created:** [July 28, 2025, 6:51am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-highway-infrastructure-ipo/184774 "2025-07-28T06:51:56Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![hafzee](https://tradingqna.com/user_avatar/tradingqna.com/hafzee/32/29110_2.png) [@hafzee](https://tradingqna.com/u/hafzee)
#### Post date: [July 28, 2025, 6:51am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-highway-infrastructure-ipo/184774/1 "2025-07-28T06:51:56Z")

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### About

Established in 1995 as Highway Enterprises and restructured as Highway Infrastructure in 2018, the company is an Indore-based infrastructure development firm specialising in toll operations and engineering, procurement, and construction (EPC) services. With nearly three decades of experience, it has executed projects across multiple Indian states, including Madhya Pradesh, Gujarat, Andhra Pradesh, and Delhi. Notably, the company is among the few toll operators in India utilizing Automatic Number Plate Recognition (ANPR) technology on the Delhi-Meerut Expressway. As of the fiscal year ending March 2024, Highway Infrastructure reported an annualized revenue of ₹576.57 crore and a net profit of ₹21.41 crore, reflecting its operational efficiency and market presence.

### IPO schedule

| Issue open date | 2025-08-05 |
| --- | --- |
| Issue close date | 2025-08-07 |
| UPI mandate deadline | 2025-08-07 (5 PM) |
| Allotment finalization | 2025-08-08 |
| Refund initiation | 2025-08-11 |
| Share credit | 2025-08-11 |
| Listing date | 2025-08-12 |
| Mandate end date | 2025-08-22 |
| Lock-in end date for anchor investors (50%) | 2025-09-07 |
| Lock-in end date for anchor investors (remaining) | 2025-11-06 |

### Financials

| **Financial Year Ended** | **March 2023** | **March 2024** | **March 2025** |
| --- | --- | --- | --- |
| Total Assets | 156.59 | 202.63 | 231.56 |
| Revenue | 456.83 | 576.57 | 504.48 |
| Profit After Tax | 13.80 | 21.41 | 22.40 |

### Issue size

| **Funds Raised in the IPO** | **Amount** |
| --- | --- |
| Overall | ₹130 crores |
| Fresh issue | ₹97.52 crores |
| Offer for sale | ₹32.48 crores |

### Utilisation of proceeds

| **Purpose** | **INR crores (%)** |
| --- | --- |
| Working capital requirements | 65 (66.6%) |
| General corporate purposes | |

### Strengths

- Nearly 30 years of industry experience in toll operations and EPC projects.
- Pioneered the use of ANPR technology for toll collection on major expressways.
- Diversified project portfolio across multiple Indian states, enhancing market reach.
- Demonstrated financial performance with substantial revenue and profitability.
- Experienced promoters with extensive industry knowledge and established relationships

### Risks

- Modest scale of operations compared to larger industry peers.
- High working capital requirements may impact liquidity.
- Susceptibility to risks inherent in tender-based business models.
- Moderate contribution from the EPC segment could affect revenue diversification.
- Exposure to regulatory changes and policy shifts in the infrastructure sector.