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HILINFRAEQ / NSE, BSEListed
Highway Infrastructure

Highway Infrastructure Limited (HIL), founded in 1995, is a diversified Indian infrastructure company engaged in tollway operations, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The company primarily undertakes the construction and maintenance of roads, highways, bridges, and residential properties. In tollway collection operations, HIL manages toll systems obtained through competitive bidding and was among the early users of Automatic Number Plate Recognition (ANPR) technology on the Delhi–Meerut Expressway. It currently operates toll plazas across 11 states and one Union Territory, utilizing Electronic Toll Collection (ETC) systems with RFID tags and digital platforms for efficient transactions. As of August 31, 2024, the company has completed 24 toll projects and is working on 7 ongoing projects. In the EPC infrastructure segment, HIL manages end-to-end infrastructure development using internal resources, covering a wide range of projects such as roads, bridges, civil structures, and irrigation tanks. It has completed 63 projects and is executing 20 more, with major ongoing work in Indore, Ratlam, and Khandwa in Madhya Pradesh. In real estate, the company develops and sells residential and commercial properties, focusing on gated communities and housing projects, though this remains the smallest segment in terms of revenue and scale. As of August 31, 2024, the company employs 398 individuals across its various business verticals.

₹65 - ₹70316.69x sub
Listed Price₹117.00
Listing Gain+67.14%

IPO Schedule & Timeline

Bookbuilding IPO
Open05 Aug 2025
Close07 Aug 2025
Allotment08 Aug 2025
Listing12 Aug 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail72,95,988 shares
39.29%
Nii(hni)54,71,992 shares
29.46%
QIB21,29,134 shares
11.46%

Minimum Application Lots

Retail1 Lot (211 shares)
₹14,770
sHNI14 Lots (2,954 shares)
₹2,06,780
bHNI68 Lots (14,348 shares)
₹10,04,360

Company Promoters

Arun Kumar JainAnoop AgrawalRiddharth Jain

Company Background

Highway Infrastructure Limited (HIL), founded in 1995, is a diversified Indian infrastructure company engaged in tollway operations, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The company primarily undertakes the construction and maintenance of roads, highways, bridges, and residential properties. In tollway colle...

Lead Managers & Bankers

No lead manager records available.

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-24)₹576.58 Cr
Growth+61.1%
Revenue Trend (₹ in Crores)
0.0221.0442.0663.1Mar-22Mar-23Mar-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-24576.5821.41202.6369.62
Mar-23456.8313.8156.5963.36
Mar-22357.948.52155.0956.76

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
31-Mar-2419.6921.37%24.45%00
31-Mar-2312.1618.45%19.47%00
31-Mar-228.6513.44%13.41%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Pvt Ltd

Allotment Finalized
Allotment Date
08 Aug 2025
Official Status
Out / Finalized
Registrar
Bigshare Services Pvt Ltd
Listing Date
12 Aug 2025

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Pvt Ltd

Direct allotment verification on the official registrar portal appointed for Highway Infrastructure. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization08 Aug 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date12 Aug 2025Trading commences on exchange

How to Check Highway Infrastructure Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Highway Infrastructure from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Highway Infrastructure IPO

Complete issue overview for Highway Infrastructure (HILINFRA) IPO. The issue features an equity share price band of ₹65 – ₹70 per share with a minimum retail lot size of 211 Shares (minimum application amount of ₹14,770). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions