Subscribe for Highway Infrastructure Ltd IPO; Anand Rathi

IPO

Anand Rathi, Highway Infrastructure Ltd

Highway Infrastructure Limited are an infrastructure development and management company. Their business includes tollway collection, EPC infrastructure, and real estate. While the company operates across various facets of infrastructure development and management, tollway collection constitutes a significant portion of their business, driving revenues and financial performance, followed by the EPC Infra-segment. The EPC Infra-business involves executing a variety of construction and development projects such as roads, bridges, tanks, irrigation-related works, and civil buildings for clients. As of May 31, 2025, their consolidated order book stood at ₹6,663.0 million, comprising ₹595.3 million in tollway collection and ₹6,067.8 million in EPC Infra-projects.

Valuation and Outlook

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. Considering these factors, the IPO seems fully priced, and a “SUBSCRIBE – LONG TERM” recommendation is suggested.

For all IPO report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Highway Infrastructure -310725 - anand