Highway Infra Shares Soar Over 67% on First-Day Listing

Market Debut Performance

Highway Infrastructure Ltd made a remarkable entry into the stock market on August 12, with its shares opening at a hefty premium to the IPO price.

• NSE listing price: ₹115 per share — a 64.29% jump over the issue price
• BSE listing price: ₹117 per share — a 67.14% rise from the issue price
• IPO price band: ₹65–₹70 per share
• Post-listing market capitalization: ₹839.13 crore

The ₹130 crore IPO, which was open for subscription between August 5 and 7, drew overwhelming investor demand, receiving bids 300.61 times the offer size.

Investor Response & Sector Outlook

The stellar debut of Highway Infra reflects strong market confidence in India’s infrastructure growth story. Prior to the IPO, the company secured ₹23.40 crore from anchor investors such as HDFC Bank and Abans Finance Pvt Ltd.

About the Company

Founded in 1995 and headquartered in Indore, Madhya Pradesh, Highway Infrastructure Ltd has nearly 30 years of expertise in:

• Tollway operations
• EPC (Engineering, Procurement & Construction) projects
• Real estate development

The company operates across several Indian states, including Madhya Pradesh, Gujarat, Andhra Pradesh, Punjab, Maharashtra, Telangana, Chhattisgarh, Haryana, Uttar Pradesh, Rajasthan, Odisha, and Delhi.

As of May 31, 2025, its order book stood at ₹6,663 million, broken down into:

• Tollway collection: ₹595.3 million
• EPC infrastructure projects: ₹6,067.8 million

Summary

Highway Infrastructure’s exceptional listing — clocking over a 67% gain on the first day — has placed it firmly in the spotlight. With a diversified business model spanning tollway management, EPC projects, and real estate, along with a widespread geographical reach, the company is well-positioned to capitalize on India’s expanding infrastructure sector.