The Highway Infrastructure IPO opens August 5–7 at ₹65–70 per share. With a strong GMP of ₹40, listing at ₹105–110 (≈57% upside) is likely. Dive into subscription, financials, anchor backing, and whether to apply.
📊 Highway Infrastructure IPO & GMP Overview
The Highway Infrastructure Ltd IPO is opening for subscription from August 5 to 7, 2025, priced between ₹65–70 per share, for a total issue size of ₹130 crore. It includes a ₹97.52 crore fresh issue and a ₹32.48 crore Offer for Sale (OFS) by promoters. (turn0search2/turn0search6, turn0news12)
As of August 4, the Grey Market Premium (GMP) stands firm at ₹40 per share, implying a potential listing around ₹110—a 57% gain above the ₹70 upper band. (turn0news12/turn0search8, turn0search5)
🗓 IPO Key Dates & Allotment Plan
| 📌 Event | 🗓️ Date |
|---|---|
| Subscription Window | Aug 5 – Aug 7, 2025 |
| Allotment Finalized | Aug 8, 2025 |
| Refund / Demat Credit | Aug 11, 2025 |
| Listing Expected | Aug 12, 2025 (BSE & NSE) |
The IPO saw heavy early demand—oversubscribed nearly 3.7× within 40 minutes of open on Day 1.(turn0news13)
🛣 About Highway Infrastructure Limited
- Founded in 1995, HIL operates across toll collections, EPC infrastructure, and real estate.
- Completed 24 toll projects, ongoing operations in 11 states and 1 Union Territory. Uses ANPR (automatic vehicle detection) and RFID-enabled ETC toll systems. (turn0search7, turn0search6)
- FY25 revenues stood at ₹504.48 crore (down from ₹576.58 cr in FY24), while PAT rose to ₹22.40 crore (up from ₹21.41 cr). Net Worth strengthened to ₹117.72 cr. (turn0search6)
💰 What GMP Means for You
- GMP ₹40 suggests robust investor optimism—expected listing at ₹110/share, nearly 57% premium vs ₹70 issue price. (turn0search1, turn0search8)
- The premium has steadily climbed: ₹25 on July 30 → ₹34 → ₹40 by August 4—a clear growth in demand sentiment. (turn0search9)
Strengths & ⚠️ Risks
✅ Strengths
- Established infrastructure player with strong execution track record and repeat clients like NHAI & MoRTH. Completed assignments ahead of schedule, earning bonuses. (turn0search3, turn0search0)
- Financial discipline visible through rising net worth and stable ROE (~21%) and ROCE (~24%).
- Diversified revenue streams via EPC + toll + real estate models.
⚠ Risks
- Revenue decline in FY25 raises growth concerns.
- Infrastructure execution bottlenecks, bidding dependence, and regulatory hurdles could hit margins.
- GMP is speculative, unregulated, and can swing—past GMP highs (~40–60%) have later cooled before actual listing. (turn0reddit26, turn0reddit16)
❓ FAQs
❓ What is GMP and how is it calculated?
GMP stands for Grey Market Premium—the unofficial pre-listing markup. Example: ₹110 listing anticipation minus ₹70 issue price = ₹40 GMP. (turn0reddit17, turn0reddit18)
❓ Why is the GMP ₹40?
Investor excitement due to strong subscription, robust order book, digital toll network, and limited IPO supply (₹130 crore only). (turn0news12, turn0search5)
❓ Is applying based on GMP wise?
Not entirely. GMP suggests trends but isn’t guaranteed. Always consider financials, business model, and execution capability alongside GMP sentiment. (turn0reddit28, turn0reddit21)
❓ When listing happens after allotment?
Expected on August 12, 2025, based on timelines and anchor confirmations. GMP trend often cools right before listing. (turn0search4, turn0search2, turn0news13)
📝 Final Takeaway
With ₹40 GMP (≈57% listing gain), strong early oversubscription, and a diversified infrastructure portfolio, Highway Infrastructure IPO is visually attractive for listing pop-seekers. But remember, supply is small, fundamentals matter, and sentiment can change fast.
Use GMP as a sentiment gauge—but decide based on revenue resilience, order pipeline, and long-term sector trends. Whether you’re in for listing gains or a multi-year hold, stay informed and investment-smart.
⚠️ Disclaimer
This article is for informational purposes only. GMP and timeline data reflect public sources as of August 5, 2025. GMP is speculative and not guaranteed. Please consult a SEBI-registered advisor before investing.
