Highway Infra shares listed on the stock exchanges with a premium of over 67 percent over it's IPO price on August 12. The mainboard issue had garnered a strong public interest between August 5 - 7 in the primary market. The Rs 130-crore issue got subscribed a whopping 300.61 times.
Shares of Highway Infrastructure Ltd. listed at Rs 115 per share on the NSE, a premium of 64.29 percent over it's issue price. The price band for the offer was fixed at Rs 65-70 per share.
On the BSE, the shares were listed at Rs 117 per share, a premium of 67.14 percent. The total market capitalization post listing of shares stood at Rs 839.13 crore.
Earlier, the company raised Rs 23.40 crore from anchor investors, including HDFC Bank and Abans Finance Pvt Ltd.
Highway Infra IPO GMP Today
Highway Infra IPO share listing on Tuesday was better than the expectations in the grey market, which had estimated a gain of around 34 percent in the unregulated market.
Highway Infra Share Listing Today: Should you buy, sell or hold?
Highway Infrastructure Limited has an experience close to 30 years of experience in toll collection and executing EPC infrastructure projects across several Indian states, including Madhya Pradesh, Gujarat, Andhra Pradesh, Punjab, Maharashtra, Telangana, Chhattisgarh, Haryana, Uttar Pradesh, Rajasthan, Odisha, and Delhi.
Narendra Solanki, Head Fundamental Research - Investment Services, Anand Rathi Shares and Stock Brokers, noted, as of May 31, 2025, the company held a consolidated order book of Rs 6,663.0 million, with Rs 595.3 million from the tollway collection segment and Rs 6,067.8 million from the EPC Infra-division.
"We expect the company to list at premium to its issue price, given the current Grey Market Premium," he said.
"At the upper price band, the company is valued at a FY25 P/E of 22.5x, with a post-issue market capitalization of Rs 5,020 million. It presents a niche opportunity in India’s tollway and EPC infrastructure space, supported by consistent growth and a robust order book. The use of ANPR (Automatic Number Plate Recognition) technology in toll systems provides a competitive advantage, while the combination of toll and EPC businesses offers diversified revenue streams. Investors may consider booking partial profits on listing and holding the rest for long-term post listing," he added.
Incorporated in 1995, Highway Infrastructure Ltd (HIL) is engaged in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The Indore-based company specialises in the construction and maintenance of roads, highways, bridges, and residential projects.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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