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15 Days Price Change

Highway Infrast. IPO

Closing In

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Profile
Issue Size 112.3 Cr
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Price Range 65  to  70 per share
Profile
Min Investment ₹70
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Lot Size 1
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Face Value ₹5
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are an infrastructure development and management Company. Our Company is engaged in the business of tollway collection, EPC Infra and 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, driving our revenues and financial performance. As on August 31, 2024, the consolidated Order Book of the Company is . 5,963.83 million, comprising of . 3,149.59 million in tollway collection business and . 2,814.24 million in EPC Infra business. Read More

Basic Info

Face Value 5 per share

Price 65  to  70 per share

P/E (x) 20.6

Sales( Cr.) 496

PAT( Cr.) 22

EPS 3.4

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Anoop Agrawal Arun Kumar Jain Riddharth Jain

Pre Issue Share Holding 94.95%

Post Issue Share Holding 70.03%

Listing Details:

Listing Price: 117

Listing Gain: 40.17%

Current Price: 48.6

Gain On Issue: 48.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 05, 2025
Closing Date Aug 07, 2025
Allotment Aug 08, 2025
Refund Aug 11, 2025
Delivery of Shares Aug 11, 2025
Listing Date Aug 12, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 211 14,770
Retail (Max) 13 2743 192,010
S-HNI (Min) 14 2954 206,780
S-HNI (Max) 67 14137 989,590
B-HNI (Min) 68 14348 1,004,360

Objective of the Issue

a. Funding Working Capital Requirements of the Company. b. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 2292914 964333511 420.6x
NII 5892914 2636008863 447.3x
Retail 7857218 1222421326 155.6x
EMP 0 0 0x
Total 16043046 4822763700 300.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Highway Infrast. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 355 455 573 496
Other Income 3 2 3 9
Total Income 358 457 577 504
Total Expenditure 338 427 535 464
Operating Profit 20 29 42 40
Interest 6 7 9 7
Depreciation 3 3 3 2
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 12 19 30 30
Provision for Tax 3 6 9 8
Profit After Tax 9 14 21 22
Adjustments -0 -2 -2 -3
Profit After Adjustments 8 12 19 20
Adjusted Earnings Per Share 1.4 2 3.3 3.4

Highway Infrast. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 62 74 93 113
Minority's Interest 1 1 7 5
Borrowings 19 20 8 13
Other Non-Current Liabilities 1 1 1 0
Total Current Liabilities 72 61 102 108
Total Liabilities 155 157 211 239
Fixed Assets 15 14 13 11
Other Non-Current Assets 29 31 31 29
Total Current Assets 111 112 167 199
Total Assets 155 157 211 239

Highway Infrast. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2 1 7
Cash Flow from Operating Activities -1 4 14 -5
Cash Flow from Investing Activities -16 -4 -6 12
Cash Flow from Financing Activities 18 -1 -3 -5
Net Cash Inflow / Outflow 1 -0 5 2
Closing Cash & Cash Equivalent 2 1 7 8

Highway Infrast. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.44 2.03 3.28 3.4
CEPS(Rs) 1.92 2.82 4.16 4.29
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 10.81 12.83 16.12 19.53
Core EBITDA Margin(%) 4.89 6.08 6.7 6.32
EBIT Margin(%) 4.98 5.91 6.79 7.6
Pre Tax Margin(%) 3.26 4.28 5.22 6.1
PAT Margin (%) 2.4 3.03 3.73 4.52
Cash Profit Margin (%) 3.13 3.58 4.19 5
ROA(%) 5.49 8.85 11.64 9.94
ROE(%) 13.64 20.21 25.6 21.75
ROCE(%) 14.83 20.95 25.94 21.7
Receivable days 17.46 16.02 15.97 24.69
Inventory Days 62.11 48.47 41.45 57.57
Payable days -392.12 0 231.65 397.9
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.16 0.14 0.1 0.17
EV/Core EBITDA(x) 2.78 2.18 1.35 2.14
Net Sales Growth(%) 0 28.2 26 -13.56
EBIT Growth(%) 0 52.1 44.88 -3.24
PAT Growth(%) 0 61.99 55.17 4.6
EPS Growth(%) 0 40.53 61.9 3.74
Debt/Equity(x) 0.91 0.85 0.75 0.64
Current Ratio(x) 1.55 1.83 1.64 1.84
Quick Ratio(x) 0.71 0.84 0.95 1.04
Interest Cover(x) 2.89 3.64 4.32 5.07
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -13% 12% 0% 0%
Operating Profit CAGR -5% 26% 0% 0%
PAT CAGR 5% 35% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 22% 23% 20% 20%
ROCE Average 22% 23% 21% 21%

Company Contact Information

Highway Infrastructure Ltd.

Palak Rathore

+91 731 4047177

cs@highwayinfrastructure.in

57- F A, Scheme No. 94 Pipliyahana Junction Ring Road

IPO Lead Manager(s)

Highway Infrastructure Ltd.

Pantomath Capital Advisors Pvt Ltd.

Registrar Info

Highway Infrastructure Ltd.

Bigshare Services Pvt Ltd

Office No S6-2, 6th Floor, Pinnacle Business Park,ext to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400093 (old address - Bharat Tin Works building, 1st floor, Opp. Vasant Oasis, Andheri East Mumbai - 400 059 Tel: + 91 21 626 38200 Fax:

91-022-62638200

91-022-62638299

Investor@bigshareonline.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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