Highway Infrastructure Limited Announces IPO Opening on August 5, 2025
Highway Infrastructure Limited, an Indore-based general insurance company specializing in highway infrastructure, has announced its IPO opening from August 5 to August 7, 2025. The company aims to raise ₹650.00 crores, primarily to fund working capital requirements and general corporate purposes. With nearly 30 years of experience in tollway collection and EPC Infra projects, the company boasts a strong order book of ₹6,663.07 million as of May 31, 2025. The company's revenue from operations grew from ₹4,551.33 million in Fiscal 2023 to ₹4,957.15 million in Fiscal 2025, with a CAGR of 4.36%. Potential investors should consider risk factors such as dependency on tollway collection business and public sector customers, geographic concentration, and the capital-intensive nature of the business.
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Highway Infrastructure Limited Announces IPO Opening on August 5, 2025
Highway Infrastructure Limited , a company specializing in general insurance of highway infrastructure and other properties, has announced its Initial Public Offering (IPO) set to open on August 5, 2025. The IPO will remain open for subscription until August 7, 2025.
Company Overview
Founded in 2006, Highway Infrastructure Limited is based in Indore, Madhya Pradesh. The company's primary business involves insurance of highway infrastructure and other properties for business and investment purposes.
IPO Details
| Event | Date |
|---|---|
| Opening Date | August 5, 2025 |
| Closing Date | August 7, 2025 |
| Allotment Date | August 11, 2025 |
| Listing Date | August 12, 2025 |
IPO Purpose
The company aims to raise ₹650.00 crores through this IPO. The proceeds will be utilized as follows:
- Funding Working Capital Requirements: The majority of the net proceeds will be used to meet the company's working capital needs in Fiscal 2026.
- General Corporate Purposes: The remaining funds will be used for various corporate purposes, including strategic initiatives, business development, capital expenditure, and branding efforts.
Management Team
The company is led by an experienced management team, including:
- Arun Kumar Jain (Managing Director)
- Anoop Agrawal (CFO)
- Ankit Tandon (CEO)
- Saurabh Mittal (CFO)
Key Strengths
- Execution Capabilities: Nearly 30 years of experience in tollway collection and EPC Infra projects across 12 states in India.
- Experienced Management: Led by promoters and a team with diverse professional, technical, and commercial expertise.
- Strong Order Book: As of May 31, 2025, the consolidated order book stood at ₹6,663.07 million.
- Diversified Revenue Base: Operations span across tollway collection, EPC Infra projects, and real estate business.
Risk Factors
Potential investors should consider the following risk factors:
- Dependency on tollway collection business and public sector customers
- Geographic concentration of business
- Limited contract duration with NHAI
- Capital-intensive nature of the business
- Potential conflicts of interest with promoters and key management personnel
Financial Performance
| Metric | Fiscal 2023 | Fiscal 2025 | CAGR |
|---|---|---|---|
| Revenue from operations | ₹4,551.33 million | ₹4,957.15 million | 4.36% |
| Profit for the year | ₹138.00 million | ₹223.98 million | 27.40% |
- EBITDA showed a CAGR of 6.36% from Fiscal 2023 to Fiscal 2025
Investors are advised to carefully review the company's prospectus and consider all risk factors before making an investment decision.
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