Toll operator Highway Infrastructure's IPO to open on August 5: Check other details

Highway Infrastructure IPO

Madhya Pradesh-based tollway operator and EPC infra services provider Highway Infrastructure will launch its initial share sale for public subscription on August 5.

The anchor book will be opened for institutional investors on August 4, and the public issue will close for all investors on August 7, followed by the IPO share allotment finalisation on August 8. Shares of the company will be available for trading on the bourses effective August 12.

The IPO is a combination of fresh issuance of equity shares worth Rs 97.5 crore, and an offer-for-sale of 46.4 lakh shares by promoters Arun Kumar Jain, and Anoop Agrawal.

The infrastructure development and management company that operates in tollway collection, EPC infra and real estate businesses will utilise Rs 65 crore out of fresh issue funds for working capital requirements, and the remainder for general corporate purposes.

As of May 2025, Highway Infrastructure's consolidated orderbook stood at Rs 666.3 crore, comprising Rs 59.5 crore in tollway collection business and Rs 606.8 crore in EPC infra segment.

The tollway collection business contributed 77 percent and EPC infra segment 21 percent to company's topline in the last fiscal, while the remainder business accounted by the real estate segment.

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Highway Infrastructure has recorded profit in the fiscal 2025 at Rs 22.4 crore, growing 4.6 percent compared to previous year despite subdued topline, driven by other income and operating numbers. Revenue in the same period fell by 13.6 percent to Rs 495.7 crore.

At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) in FY25 soared 13.1 percent to Rs 31.3 crore and margin expanded by 152 bps to 6.32 percent compared to FY24.

The merchant banker handling the Highway Infrastructure IPO is Pantomath Capital Advisors.