[Fresh Issue 98 Cr + OFS 32 Cr]

Highway infrastructure ipo price is INR 65 – 70 per share

Highway Infrastructure: History

The Company was originally formed as a partnership firm under the Partnership Act, 1932, in the name of M/s Highway Enterprises on January 05, 1995

The Company was converted into a public limited company under a special resolution passed in the EGM by the shareholders on April 25, 2018, and its name was changed to Highway Infrastructure Ltd under a fresh certificate of incorporation issued by the RoC on May 4, 2018.

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Highway Infrastructure: Business

Highway Infrastructure Ltd (HIL) is an infrastructure development and management Company engaged in the business of –

1. Tollway Collection,
2. EPC Infra, and
3. Real Estate Business

While the Company’s business spans facets of infrastructure development and management, tollway collection stands out as a significant mix of its business.

The Company employs updated ETC (Electronic Tollway Collection systems), which leverage RFID (Radio Frequency Identification) tags and digital payment platforms to facilitate seamless and contactless toll payments.

HIL is one of the few toll operators in the country that has managed tollway collection based on ANPR (Automatic Number Plate Recognition) technology on the Delhi-Meerut Expressway.

The Company has participated in and completed initiatives under various government schemes, including –

• Pradhan Mantri Awas Yojna (PMAY),
• Pradhan Mantri Gram Sadak Yojna (PMGSY), and
• Jal Jeevan Mission.

Order Book

As of August 31, 2024, the consolidated Order Book of HIL stood at INR 596.38 Crore, comprising INR 314.96 Crore in the tollway collection business and INR 281.42 Crore in the EPC (Engineering, Procurement, and Construction) business.

Toll Operation

The Company has operated tolls on some of the known inter-state and intra-state expressways across 11 states and 1 Union Territory (UT) in India.

Strategies Ahead

• Continued Focus on Current Business Verticals
• Penetrating Newer Geographies
• Venturing into Associated Business Verticals

Company Promoters

1. Arun Kumar Jain,
2. Anoop Agrawal,
3. Riddharth Jain

Refer to Highway infrastructure ipo drhp pdf for detailed information.

IPO Details

IPO date = 05 August to 07 August 2025

Minimum Amount = INR 14,770

Minimum Bid = 211 Shares

Face Value (FV) = INR 5

Listing On = NSE, BSE

Book Running Lead Manager

Pantomath Capital Advisors Private Limited

Financials

CONCLUSION

FinBlab recommends ‘MAY SUBSCRIBE‘ ratings Highway infrastructure ipo

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