Third-Placed Debut of Highway Infrastructure Limited's IPO in the National Arena
Highway Infrastructure Limited's Record-Breaking IPO Boosts India's Infrastructure Sector
In a historic event, Highway Infrastructure Limited, a leading player in road and bridge construction, successfully listed on the National Stock Exchange and Bombay Stock Exchange in August 2025, marking the third most subscribed IPO in India’s history. The IPO was oversubscribed 300.61 times, a testament to strong investor confidence and Indore's growing status as a national business hub.
Established in 1995 in Indore, Highway Infrastructure Limited has built a robust portfolio in road and bridge construction, tollway collection, and real estate development. The company's operations span across 11 states and 1 union territory in India, and it has completed over 66 EPC projects and 66 toll projects using advanced electronic toll collection technologies.
The company's strong financial performance, with a ROCE of 16.56% and ROE of 19.03%, and a low debt-equity ratio of 0.61, position it well for long-term growth. Its balanced business model, strong returns, and low debt-equity ratio, as stated by CA Bhavya Mantri, a subject expert, make it well-prepared for sustainable growth.
With the Union Budget 2024-25 allocating Rs. 11.11 lakh crore towards capital expenditure, with Rs. 2.78 lakh crore earmarked for the road sector, Highway Infrastructure Limited is poised to capitalize on the opportunity. The company's proven execution capabilities and order book worth Rs 666 crore as of May 2025 prepare it to contribute substantially to the planned construction of over 35,000 kilometers of new national highways over the next five years.
The company's Managing Director, Arun Jain, expressed that the record subscription is a testament to investor confidence in the company's track record and future vision. Whole Time Director Anoop Agrawal expressed readiness for setting new benchmarks in technology adoption, efficiency, and quality. Mr. Riddharth Jain, Director, brings fresh energy, digital thinking, and a futuristic perspective to the board.
For Indore, this IPO marks a pivotal moment, bringing enhanced visibility and investment inflow to the city’s infrastructure and real estate sectors, supporting local economic growth and development. With the company's IPO successfully listed, Highway Infrastructure Limited is ready to contribute significantly to the nation's infrastructure story in the years ahead.
In summary, the IPO not only raises significant capital for Highway Infrastructure Limited’s growth but also symbolizes Indore’s rising prominence in India’s infrastructure sector, while supporting the country's ambitious national infrastructure expansion plans.
- Highway Infrastructure Limited's success in their IPO, with a low debt-equity ratio and strong financial performance, demonstrates investor confidence in their ability to leverage technology for growth within the infrastructure sector and contribute significantly to India's national infrastructure plans.
- With the capital raised from their IPO, Highway Infrastructure Limited can expand their business model, focusing on adopting new technologies, increasing efficiency, and maintaining quality, further propelling India's infrastructure sector and supporting the finance required for long-term growth and development.
