Highway Infrastructure IPO: Full Details, GMP Trends & Investment Insights
01 August 2025 · Sachin Gadekar
Everything you need to know about the ₹130 crore Highway Infrastructure IPO – from GMP trends to allotment status and investment insights.

Introduction
Highway Infrastructure Limited is all set to open its Initial Public Offering (IPO) on August 5, 2025, offering investors a chance to participate in one of India’s established infrastructure development firms. With a total issue size of ₹130 crore, this IPO has sparked strong interest in the market, especially among investors eyeing infrastructure-related listings.
In this blog, we will break down the Highway Infrastructure IPO GMP, price band, allotment status, business overview, and whether it’s worth applying for.
IPO Snapshot: Key Highlights
| Particulars | Details |
|---|---|
| IPO Open Date | August 5, 2025 |
| IPO Close Date | August 7, 2025 |
| IPO Price Band | ₹65 to ₹70 per share |
| Face Value | ₹5 per share |
| Lot Size | 211 shares |
| Minimum Investment | ₹13,715 |
| Total Issue Size | ₹130 crore |
| Fresh Issue | ₹97.52 crore |
| Offer for Sale | ₹32.48 crore |
| Listing Exchange | BSE, NSE |
| Tentative Listing Date | August 12, 2025 |
| Allotment Date | August 8, 2025 |
Highway Infrastructure IPO GMP Today
The Highway Infrastructure IPO GMP (Grey Market Premium) is an early indicator of market demand. As per grey market trends:
GMP has ranged between ₹20 to ₹25 above the upper price band.
This suggests a strong listing premium expectation of 30-35%.
Keep an eye on platforms like IPO Watch and IPO Central for the latest Highway Infrastructure IPO GMP today.
Allotment Status & Important Dates
| Event | Date |
|---|---|
| IPO Opens | August 5, 2025 |
| IPO Closes | August 7, 2025 |
| Allotment Finalization | August 8, 2025 |
| Refund Initiation | August 11, 2025 |
| Shares Credited to Demat | August 11, 2025 |
| Listing Date | August 12, 2025 |
Business Overview: What Does Highway Infrastructure Do?
Founded in 1995, Highway Infrastructure Limited (HIL) is a diversified infrastructure company with operations in:
1. Tollway Collection
Operates toll collection in 11 states and 1 Union Territory.
Known for implementing ANPR (Automatic Number Plate Recognition) technology and RFID-based tolling systems.
2. EPC Infra Projects
Completed 63 projects and has 20 ongoing across Madhya Pradesh.
Works include roads, bridges, tanks, irrigation, and civil infrastructure.
3. Real Estate
Develops residential and commercial properties.
Although a smaller segment, it adds diversification to their revenue streams.
Workforce:
As of August 2024, the company employed 398 individuals across its operations.
Financial Performance: Stable Growth with Slight Revenue Dip
| Period | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|---|
| FY 2023 | 456.83 | 13.80 | 27.69 | 74.81 |
| FY 2024 | 576.58 | 21.41 | 38.44 | 100.19 |
| FY 2025 | 504.48 | 22.40 | 31.32 | 117.72 |
Highway Infrastructure IPO Review: Should You Apply?
Here’s a breakdown to help investors make an informed decision:
Positives
Established track record in tollway and EPC projects.
Adoption of tech-driven toll collection systems.
Profitable with steady financial growth.
Reasonable valuation based on FY25 earnings.
Concerns:
Revenue dip in the latest fiscal year.
Heavy competition in infrastructure bidding.
Real estate segment contributes little to revenue.
Verdict: With a strong foothold in the toll and infra segments, and a positive GMP trend, the IPO could see good listing gains. Long-term investors should watch how the company maintains margins and project wins going forward.
Lot Size & Investment Details
| Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail Min | 1 | 211 | ₹14,770 |
| Retail Max | 13 | 2,743 | ₹1,92,010 |
| S-HNI Min | 14 | 2,954 | ₹2,06,780 |
| B-HNI Min | 68 | 14,348 | ₹10,04,360 |
FAQs
Q1. What is the Highway Infrastructure IPO GMP today?
The GMP is estimated to be between ₹20–₹25, indicating a likely listing gain over the issue price.
Q2. What is the Highway Infrastructure IPO allotment date?
Allotment is expected to be finalized on August 8, 2025.
Q3. How do I check Highway Infrastructure IPO allotment status?
You can check the status via the registrar’s website or platforms like Groww and Zerodha using your PAN or application ID.
Q4. What is the price band for the Highway Infrastructure IPO?
The price band is set at ₹65 to ₹70 per equity share.
Q5. Is it a good idea to invest in the Highway Infrastructure IPO?
Based on current GMP, financials, and market sentiment, it appears promising for both listing gains and medium-term investment.
Final Thoughts
The Highway Infrastructure IPO presents a compelling opportunity for investors looking at infrastructure plays with tech-led execution models. With decent financials, strong grey market buzz, and favorable industry trends, this IPO is one to watch closely.
Recent articles
View all
IPO
Tempsens Instruments (India) IPO GMP: Date, Price, Review, Subscription & How to Apply
A complete guide to Tempsens Instruments (India) IPO 2026, covering GMP context, issue size, price band, lot size, IPO dates, subscription status, company profile, financials, valuation, risks and how to apply.
Sachin Gadekar
·
21 Aug 2026

IPO
Sunshine Pictures IPO GMP: Date, Price Band, Review, Why to Consider & How to Apply
A complete guide to Sunshine Pictures IPO 2026, covering GMP context, issue size, price band, lot size, IPO dates, allotment, listing, company profile, financials, why investors may consider it, key risks and how to apply.
Sachin Gadekar
·
20 Aug 2026

Pre IPO
Pre-IPO vs IPO: Key Differences, Risks and Investor Suitability
A simple guide to Pre-IPO and IPO investing, covering how they work, key differences, risks, pricing, liquidity, allotment, listing and which option may suit different investor profiles.
Sachin Gadekar
·
19 Aug 2026

IPO
Lalithaa Jewellery Mart IPO Details: GMP, Date, Price Band, Lot Size, Review & How to Apply
A complete guide to Lalithaa Jewellery Mart IPO 2026, covering issue size, price band, lot size, GMP, allotment timeline, listing date, company profile, financials, reservation details and key risks for investors.
Sankarshan B
·
18 Aug 2026